{"id":7658,"date":"2020-11-17T09:28:24","date_gmt":"2020-11-17T09:28:24","guid":{"rendered":"https:\/\/swoopfunding.com\/ca\/?page_id=7658"},"modified":"2026-03-09T11:43:17","modified_gmt":"2026-03-09T11:43:17","slug":"sr-ed-tax-credits","status":"publish","type":"page","link":"https:\/\/swoopfunding.com\/ca\/business-grants\/sr-ed-tax-credits\/","title":{"rendered":"SR&#038;ED tax credits"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"7658\" class=\"elementor elementor-7658\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-59e1db3 e-flex e-con-boxed e-con e-parent\" data-id=\"59e1db3\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d494725 elementor-widget elementor-widget-heading\" data-id=\"d494725\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">SR&amp;ED tax credits<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-75f835f elementor-widget elementor-widget-text-editor\" data-id=\"75f835f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"ugb-highlight\">The Scientific Research and Experimental Development (SR&amp;ED) tax credits program uses tax incentives to encourage Canadian businesses to conduct research and development (R&amp;D) in Canada. Through our network of trusted partners, Swoop can help you quickly unlock cash from innovation being\u00a0created by your business<\/span>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-709f6ef e-flex e-con-boxed e-con e-parent\" data-id=\"709f6ef\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-d19e87b e-con-full e-flex e-con e-child\" data-id=\"d19e87b\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d79f26e elementor-widget elementor-widget-image\" data-id=\"d79f26e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" width=\"66\" height=\"66\" src=\"https:\/\/swoopfunding.com\/ca\/wp-content\/uploads\/sites\/2\/2020\/11\/suitable_for.svg\" class=\"attachment-full size-full wp-image-8162\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c0b3a38 elementor-widget elementor-widget-heading\" data-id=\"c0b3a38\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Eligibility<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f5ad15c elementor-widget elementor-widget-text-editor\" data-id=\"f5ad15c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Businesses working on a technological advancement<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-29072a3 e-con-full e-flex e-con e-child\" data-id=\"29072a3\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-058d81b elementor-widget elementor-widget-image\" data-id=\"058d81b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" width=\"66\" height=\"66\" src=\"https:\/\/swoopfunding.com\/ca\/wp-content\/uploads\/sites\/2\/2020\/11\/amount.svg\" class=\"attachment-full size-full wp-image-8158\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-719468b elementor-widget elementor-widget-heading\" data-id=\"719468b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Amount<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-de23dd5 elementor-widget elementor-widget-text-editor\" data-id=\"de23dd5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Recover 64% or more of certain costs in the form of tax credits<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a19b821 e-con-full e-flex e-con e-child\" data-id=\"a19b821\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a67d91b elementor-widget elementor-widget-image\" data-id=\"a67d91b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" width=\"66\" height=\"66\" src=\"https:\/\/swoopfunding.com\/ca\/wp-content\/uploads\/sites\/2\/2020\/11\/purpose.svg\" class=\"attachment-full size-full wp-image-8160\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-063fae0 elementor-widget elementor-widget-heading\" data-id=\"063fae0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Purpose<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-24adf10 elementor-widget elementor-widget-text-editor\" data-id=\"24adf10\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Government tax relief for companies conducting R&amp;D<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2ce8c21 e-con-full e-flex e-con e-child\" data-id=\"2ce8c21\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-415bb29 elementor-widget elementor-widget-image\" data-id=\"415bb29\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" width=\"66\" height=\"66\" src=\"https:\/\/swoopfunding.com\/ca\/wp-content\/uploads\/sites\/2\/2020\/11\/speed.svg\" class=\"attachment-full size-full wp-image-8161\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3beead1 elementor-widget elementor-widget-heading\" data-id=\"3beead1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Speed<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9da333b elementor-widget elementor-widget-text-editor\" data-id=\"9da333b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span dir=\"ltr\" role=\"presentation\">CRA targets <\/span><span dir=\"ltr\" role=\"presentation\">60 days for standard <\/span><span dir=\"ltr\" role=\"presentation\">claims; new pre-claim <\/span><span dir=\"ltr\" role=\"presentation\">approval aims for 90-day <\/span><span dir=\"ltr\" role=\"presentation\">certainty.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3ff4913 e-con-full e-flex e-con e-child\" data-id=\"3ff4913\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ce545ad elementor-widget elementor-widget-image\" data-id=\"ce545ad\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" width=\"66\" height=\"66\" src=\"https:\/\/swoopfunding.com\/ca\/wp-content\/uploads\/sites\/2\/2020\/11\/cost.svg\" class=\"attachment-full size-full wp-image-8159\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3c1e0f9 elementor-widget elementor-widget-heading\" data-id=\"3c1e0f9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Cost<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e7d9a22 elementor-widget elementor-widget-text-editor\" data-id=\"e7d9a22\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Application cost is linked to the size of your claim<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8740b53 e-flex e-con-boxed e-con e-parent\" data-id=\"8740b53\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-0ae126f e-con-full e-flex e-con e-child\" data-id=\"0ae126f\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1e114b2 elementor-widget__width-auto elementor-hidden-mobile elementor-widget elementor-widget-image\" data-id=\"1e114b2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" width=\"60\" height=\"33\" src=\"https:\/\/swoopfunding.com\/ca\/wp-content\/uploads\/sites\/2\/2024\/04\/icon-swoop.svg\" class=\"attachment-full size-full wp-image-30639\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a772536 elementor-widget__width-auto elementor-widget elementor-widget-heading\" data-id=\"a772536\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\">Register your business with Swoop for access to tailored funding and savings opportunities<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-985c924 elementor-widget__width-auto bt-form-franchises elementor-mobile-align-center elementor-widget-mobile__width-inherit elementor-widget elementor-widget-button\" data-id=\"985c924\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/app.swoopfunding.ca\/stage\/\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Join Swoop<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-af1d519 e-flex e-con-boxed e-con e-parent\" data-id=\"af1d519\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-07ee694 elementor-widget elementor-widget-ucaddon_breadcrumbs\" data-id=\"07ee694\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_breadcrumbs.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t\t <div id=\"breadcrumbs-container\" class=\"left\">\n <nav aria-label=\"breadcrumbs\" class=\"rank-math-breadcrumb\"><p><\/p><\/nav> <\/div>\n\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-485b9e3 elementor-widget elementor-widget-ucaddon_last_updated\" data-id=\"485b9e3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_last_updated.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t\t\n<div id=\"last-updated-container\" class=\"\">\n\n <script id=\"last-updated-schema\" type=\"application\/ld+json\">\n        {\n          \"@context\": \"https:\/\/schema.org\",\n          \"@type\": \"Article\",\n          \"headline\": \"SR&#038;ED tax credits\",\n          \n          \"datePublished\": \"2020-11-17T09:28:24+00:00\",\n          \"dateModified\": \"2026-03-09T11:43:17+00:00\",\n          \"author\": [{\n              \"@type\": \"Person\",\n              \"name\": \"Michael David\",\n              \"url\": \"https:\/\/swoopfunding.com\/ca\/author\/michael-david\/\"\n            }]\n        }\n    <\/script>\n \n <div class=\"last-updated view-user\" style=\"justify-content: left;\">\n \n <div class=\"info-left\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/author\/michael-david\/\" aria-label=\"Michael David\">\n <picture loading=\"lazy\" decoding=\"async\" class=\"attachment-large size-large\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/wp-content\/uploads\/2024\/10\/michael-david.webp\" data-lazy-src=\"https:\/\/swoopfunding.com\/wp-content\/uploads\/2024\/10\/michael-david.webp?is-pending-load=1\" alt=\"Michael David\" class=\"jetpack-lazy-image\" loading=\"lazy\" width=\"92\" height=\"92\">\n <\/picture>\n <\/a>\n <\/div>\n \n <div class=\"info-right\">\n <p>Page written by <a href=\"https:\/\/swoopfunding.com\/ca\/author\/michael-david\/\">Michael David<\/a>. <span>Last reviewed on March 9, 2026<\/span>. <span>Next review due April 1, 2027.\n <\/span>\n <\/p>\n\n <\/div>\n\n <\/div>\n<\/div>\n\n<div id=\"externalTooltipContent\" style=\"display: none;\">\n <div class=\"top-info\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/wp-content\/uploads\/2024\/10\/michael-david.webp\" data-lazy-src=\"https:\/\/swoopfunding.com\/wp-content\/uploads\/2024\/10\/michael-david.webp?is-pending-load=1\" alt=\"\" class=\"jetpack-lazy-image\" loading=\"lazy\" width=\"92\" height=\"92\">\n <div class=\"text\">\n <div class=\"name-author\">Michael David<\/div>\n <div class=\"role-user\">Expert financial copywriter<\/div>\n <\/div>\n <\/div>\n <div class=\"description\">Michael David is a financial writer and former investment advisor. Writing for Capital Group, Dimensional Fund Advisors, Franklin Templeton Investments, HSBC, Invesco, PIMCO, Vanguard, global insurance companies, major banks and others, he has educated professionals, business owners and consumers about strategies for investing, insurance, banking and corporate finance for more than 20 years.<\/div>\n<\/div>\n\n\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-62efebd e-flex e-con-boxed e-con e-parent\" data-id=\"62efebd\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-59d029f question elementor-widget elementor-widget-heading\" data-id=\"59d029f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is SR&amp;ED?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7d88128 answer elementor-widget elementor-widget-text-editor\" data-id=\"7d88128\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Scientific Research and Experimental Development (SR&amp;ED) Program uses tax incentives to encourage Canadian businesses of all sizes and in all sectors to conduct research and development (R&amp;D) in Canada.<\/p><p>Whether you have a startup, a small business, or a sizable enterprise, you may be able to take advantage of the SR&amp;ED program.<\/p><p>There are three types of tax incentives:<\/p><ol><li>An income tax deduction<\/li><li>An investment tax credit (ITC)<\/li><li>In certain circumstances, a tax refund<\/li><\/ol><p>The SR&amp;ED Program is administered by the Canada Revenue Agency (CRA) and delivers approximately $4.2 billion in tax incentives to over 20,000 claimants each year, making it the single largest federal program that supports business R&amp;D in Canada.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d47f634 elementor-widget elementor-widget-spacer\" data-id=\"d47f634\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b6f1fb2 question elementor-widget elementor-widget-heading\" data-id=\"b6f1fb2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How does SR&amp;ED work?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ea3aa24 answer elementor-widget elementor-widget-text-editor\" data-id=\"ea3aa24\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>If your business has expenses that are eligible for SR&amp;ED, there are two main ways that you can benefit from the tax incentives:<\/p><ul><li>You can pool your\u00a0<a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/scientific-research-experimental-development-tax-incentive-program\/glossary.html#plddct\" target=\"_blank\" rel=\"noopener\">SR&amp;ED expenditures<\/a> and deduct them against your current-year income. You can also decide to hang on to them and deduct them in a future year.<\/li><\/ul><ul><li>You can earn the\u00a0<a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/scientific-research-experimental-development-tax-incentive-program\/glossary.html#nvstmnttc\" target=\"_blank\" rel=\"noopener\">SR&amp;ED investment tax credit<\/a>\u00a0(ITC) and use it to reduce your income tax payable. In some cases, the Canada Revenue Agency can refund the remaining ITC.<\/li><\/ul><p>The ITC is at least 15% and can be as much as 35% of your qualified expenditures. If you have any unused ITCs, you can carry them back three years or forward 20 years and apply them against tax payable for other years.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-108c746 elementor-widget elementor-widget-spacer\" data-id=\"108c746\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f1e5d15 question elementor-widget elementor-widget-heading\" data-id=\"f1e5d15\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is the SR&amp;ED eligibility criteria?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-04eafe3 answer elementor-widget elementor-widget-text-editor\" data-id=\"04eafe3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Your project must meet three criteria in order to be eligible for SR&amp;ED:<\/p><ol><li><strong>Technological Advancement<\/strong>\u00a0\u2013 Your project must have furthered technical knowledge in some way<\/li><\/ol><ol start=\"2\"><li><strong>Technological Uncertainty<\/strong>\u00a0\u2013 You must have faced technical challenges or uncertainties in the process of your work<\/li><\/ol><ol start=\"3\"><li><strong>Technical Content<\/strong>\u00a0\u2013 You must have gone through an iterative process to try and overcome those challenges or uncertainties<\/li><\/ol><p>Remember, the spirit of the SR&amp;ED program is to support research and development. That means you must be trying to break new ground in some manner. However, your project does not have to change the world and does not have to lead to monetary success for your business.<\/p><p>The Canada Revenue Agency will use the following five questions to determine whether your project meets the eligibility criteria:<\/p><p><strong>1. \u201cWas there a scientific or technological uncertainty that could not be removed by standard practice\/engineering?\u201d<\/strong><\/p><p>In order to pass this test, you will have to do something new or novel to overcome a scientific or technical hurdle. For example, imagine if a headphone manufacturer did not have enough capacity to produce headphones quickly enough to meet customer demand, and there was no known way to solve this problem using existing methods, so they conducted research and development to invent a new manufacturing process. The time spent on this project might qualify for the SR&amp;ED program.<\/p><p><strong>2. \u201cDid the effort involve formulating a hypothesis specifically aimed at reducing or eliminating the uncertainty?\u201d<\/strong><\/p><p>The SR&amp;ED program is not designed to support random experimentation, so another test is whether the project began with a reasonable hypothesis about what might work based on the initial evidence available. For example, the headphone manufacturer might have had reason to believe that certain manufacturing steps could be automated based on their experience of doing them manually, and then could have tested a series of prototypes based on this hypothesis.<\/p><p><strong>3. \u201cWas the adopted procedure consistent with the total discipline of the scientific method, including formulating, testing, and modifying the hypothesis?\u201d<\/strong><\/p><p>With this question, the Canada Revenue Agency is again trying to ensure that you are not engaging in random experimentation, but rather following a process that has a reasonable likelihood of resulting in developing something of value. To continue our example, the headphone manufacturer would have to show that they followed an iterative process that resulted in either a successful innovation that increases their manufacturing capacity or that proved it can not be achieved.<\/p><p><strong>4. \u201cDid the process result in a scientific or technological advancement?\u201d<\/strong><\/p><p>This question is pretty straightforward, but there are a couple of nuances that are worth pointing out.<\/p><p>One is that the advancement must be scientific or technological in nature, and not business-related per se. For example, inventing a machine that automates some steps in the manufacturing of headphones would likely qualify, but finding a better way to source headphone parts or improve headphone sales likely would not.<\/p><p>Secondly, even if you were not successful in making a scientific or technological advancement, you may still qualify as long as you were facing a legitimate challenge, had a reasonable hypothesis, and followed a process to tackle it. In this situation, you still furthered the knowledge base within your company by discovering a method that does not work, and perhaps this will assist you in succeeding with a future iteration.<\/p><p><strong>5. \u201cWas a record of the hypothesis tested and results kept as the work progressed?\u201d<\/strong><\/p><p>For many SR&amp;ED applicants, this might be one of the more cumbersome tests to meet. It is crucial that you document everything about your research and development while it is happening, and not after the fact.<\/p><p>You must clearly show why each step of the project was required, and how much time each employee or contractor spent on it. After all, the SR&amp;ED tax deductions and credits are largely based on recouping the cost of this time. This means keeping time sheets, notebooks, diaries, e-mails, meeting minutes and any other ways of validating and documenting your work.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ac76057 elementor-widget elementor-widget-spacer\" data-id=\"ac76057\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f89f541 question elementor-widget elementor-widget-heading\" data-id=\"f89f541\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is considered a SR&amp;ED project?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1ba477c answer elementor-widget elementor-widget-text-editor\" data-id=\"1ba477c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Canada Revenue Agency summarizes an SR&amp;ED project as a set of interrelated activities that:<\/p><ol><li>Collectively are necessary in attempting to achieve the specific scientific or technological advancement defined for the project by overcoming scientific or technological uncertainty; and<\/li><\/ol><ol start=\"2\"><li>Are pursued through a systematic investigation or search in a field of science or technology by means of experiment or analysis performed by qualified individuals.<\/li><\/ol><p>Because this program is focused on innovation, the CRA does not judge the ultimate commercial outcome. If you have an idea to make a technical improvement within your business, you can still potentially qualify for deductions or credits even if it does not result in a commercial benefit.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c9978c8 elementor-widget elementor-widget-spacer\" data-id=\"c9978c8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4b9eed5 question elementor-widget elementor-widget-heading\" data-id=\"4b9eed5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What doesn\u2019t count as SR&amp;ED?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9f0ad79 answer elementor-widget elementor-widget-text-editor\" data-id=\"9f0ad79\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The SR&amp;ED program is not designed to support what the Canada Revenue Agency calls \u201ccompany projects,\u201d such as building new facilities or expanding facilities, developing new products and product lines, changing business practices, upgrading processes and facilities, and engineering projects. A company project is a project with a commercial purpose, whereas the purpose of an SR&amp;ED project is for the advancement of scientific knowledge or for achieving technological advancement. Having said that, a SR&amp;ED project may take place within the broader context of a company project. For example, a certain leap in scientific or technological knowledge may be a necessary part of the process of developing a new product.<\/p><p>Here are some specific categories of ineligible work:<\/p><ul><li>Market research or sales promotion<\/li><li>Quality control or routine testing of materials, devices, products or processes<\/li><li>Research in the social sciences or the humanities<\/li><li>Prospecting, exploring or drilling for, or producing, minerals, petroleum or natural gas<\/li><li>The commercial production of a new or improved material, device or product, or the commercial use of a new or improved process<\/li><li>Style changes<\/li><li>Routine data collection<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0f76148 elementor-widget elementor-widget-spacer\" data-id=\"0f76148\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ace7f8f question elementor-widget elementor-widget-heading\" data-id=\"ace7f8f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How do I write my SR&amp;ED report?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2f5e683 answer elementor-widget elementor-widget-text-editor\" data-id=\"2f5e683\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>When you submit a claim under the SR&amp;ED program, you must complete something known as the T661 Technical Narrative. This is where you describe why you started the project, what technical challenges you faced and how you attempted to overcome them. Writing this document is part art and part science, and there are some frameworks\u00a0<a href=\"https:\/\/www.sreducation.ca\/sred-technical-information-organization\/\" target=\"_blank\" rel=\"noopener\">here<\/a>\u00a0and\u00a0<a href=\"https:\/\/www.sreducation.ca\/technical-narrative-word-limit-t661\/\" target=\"_blank\" rel=\"noopener\">here<\/a>\u00a0that can help you tell a clear and persuasive story.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-66d59eb elementor-widget elementor-widget-spacer\" data-id=\"66d59eb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-349d2d6 question elementor-widget elementor-widget-heading\" data-id=\"349d2d6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What expenditures can be claimed?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9821e10 answer elementor-widget elementor-widget-text-editor\" data-id=\"9821e10\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>There are three general types of expenditures that you can claim in the SR&amp;ED program:<\/p><ol><li><strong>Salaries or wages<\/strong>\u00a0that you pay your employees and owners<\/li><li><strong>Fees<\/strong>\u00a0that you pay to Canadian subcontractors<\/li><li><strong>Material costs\u00a0<\/strong>for materials that you consume or transform<\/li><li><span dir=\"ltr\" role=\"presentation\"><strong>Capital expenditures<\/strong> for equipment, machinery, and facilities used directly in R&amp;D <\/span><span dir=\"ltr\" role=\"presentation\">(restored in Budget 2025 for property acquired after December 15, 2024)<\/span><\/li><\/ol><p>Keep in mind, you do not get to claim 100% of these expenses. Canadian Controlled Private Corporations (CCPCs) are generally able to claim about 64% of salaries or wages, and about 32% of subcontractor fees. For materials, the percentage of costs covered is about 42%. The permitted claims for non-CCPC are roughly half of these amounts.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bc59d93 elementor-widget elementor-widget-spacer\" data-id=\"bc59d93\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6b50778 question elementor-widget elementor-widget-heading\" data-id=\"6b50778\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is the expenditure limit?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-484f6f7 answer elementor-widget elementor-widget-text-editor\" data-id=\"484f6f7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The SR&amp;ED program offers a tax credit at a basic rate of 15% on qualified expenditures. This is a non-refundable tax credit that can only be applied to reduce income tax payable. This means its value is essentially capped by how much taxable income you have.<\/p><p><span dir=\"ltr\" role=\"presentation\">However, Canadian Controlled Private Corporations (CCPCs) \u2014 and, as of Budget 2025, <\/span><span dir=\"ltr\" role=\"presentation\">eligible Canadian public corporations \u2014 may also be entitled to earn a refundable tax credit at an <\/span><span dir=\"ltr\" role=\"presentation\">enhanced rate of 35% on qualified expenditures, capped at a maximum annual expenditure limit of $6 <\/span><span dir=\"ltr\" role=\"presentation\">million. This means qualifying businesses can receive up to $2.1 million per year in refundable cash <\/span><span dir=\"ltr\" role=\"presentation\">back.<\/span><\/p><p>This refundable tax credit is fantastic for smaller businesses and startups that may particularly benefit from the potential for improved cash flow. <span dir=\"ltr\" role=\"presentation\">The benefits may be less for more established <\/span><span dir=\"ltr\" role=\"presentation\">businesses, as the expenditure limit is reduced when the company\u2019s taxable capital employed in <\/span><span dir=\"ltr\" role=\"presentation\">Canada in the previous tax year exceeds $15 million and is eliminated when it reaches $75 million<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-61efb56 elementor-widget elementor-widget-spacer\" data-id=\"61efb56\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-013e504 question elementor-widget elementor-widget-heading\" data-id=\"013e504\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How much can I claim?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-69ee2a4 answer elementor-widget elementor-widget-text-editor\" data-id=\"69ee2a4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span dir=\"ltr\" role=\"presentation\">6 million in <\/span><span dir=\"ltr\" role=\"presentation\">qualified expenditures, <\/span><span dir=\"ltr\" role=\"presentation\">yielding up to $2.1 million <\/span><span dir=\"ltr\" role=\"presentation\">in refundable credits per <\/span><span dir=\"ltr\" role=\"presentation\">year.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4ccc236 elementor-widget elementor-widget-spacer\" data-id=\"4ccc236\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6686fe1 question elementor-widget elementor-widget-heading\" data-id=\"6686fe1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How do I calculate the tax credit?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cdc0718 answer elementor-widget elementor-widget-text-editor\" data-id=\"cdc0718\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Start by summing up your allowable expenditures in the three categories of wages and salaries, sub-contractors and materials.<\/p><p>For staff, keep track of who was directly involved in carrying out qualifying work and the hours they spent on the task. Multiply their actual hourly rate if they were paid hourly, or a deemed rate if they are on salary.<\/p><p>For subcontractors, you can total all of the work for a given project and claim 80% of that amount.<\/p><p>For materials, you can claim the cost of materials used to build prototypes and the scrap materials that were consumed during SRED experiments.<\/p><p>For capital expenditures, you can claim the cost of equipment, machinery, and facilities used directly in your R&amp;D work, provided the property was acquired after December 15, 2024.<\/p><p>Once you have a total, you must apply the right percentage to calculate your expected SR&amp;ED credit. Assuming you have a Canadian small business corporation, you can expect to claim roughly 64% of salaries and wages, 32% of subcontractor fees, and 42% of material costs.<\/p><p>If you prefer, there is also a simplified method of filing that allows you to claim 55% of eligible salaries and wages.<\/p><p>To understand your exact claim amount, it is recommended to work with a professional advisor.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2524d04 elementor-widget elementor-widget-spacer\" data-id=\"2524d04\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8487445 question elementor-widget elementor-widget-heading\" data-id=\"8487445\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What are the SR&amp;ED investment tax credit rates?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-be5613e answer elementor-widget elementor-widget-text-editor\" data-id=\"be5613e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Canadian Controlled Private Corporations (CCPC) are generally able to claim about 64% of salaries or wages, and about 32% of subcontractor fees. For materials, the percentage of costs covered is about 42%. The permitted claims for non-CCPC are roughly half of these amounts. <span dir=\"ltr\" role=\"presentation\">As of Budget 2025, <\/span><span dir=\"ltr\" role=\"presentation\">eligible Canadian public <\/span><span dir=\"ltr\" role=\"presentation\">corporations also qualify <\/span><span dir=\"ltr\" role=\"presentation\">for the 35% enhanced <\/span><span dir=\"ltr\" role=\"presentation\">rate.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d92bfb3 elementor-widget elementor-widget-spacer\" data-id=\"d92bfb3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dd5ee9c question elementor-widget elementor-widget-heading\" data-id=\"dd5ee9c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Can SR&amp;ED be used with other grants?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b0f353a answer elementor-widget elementor-widget-text-editor\" data-id=\"b0f353a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>In general, SR&amp;ED should not be mixed with similar CRA grant programs. For example, the\u00a0<a href=\"https:\/\/nrc.canada.ca\/en\/support-technology-innovation\/about-nrc-industrial-research-assistance-program\" target=\"_blank\" rel=\"noopener\">Industrial Research Assistance Program (IRAP)<\/a>\u00a0can contribute up to 80% of labour and subcontractor expenses for businesses that are developing innovative products and services or internally adopting new technology to improve processes and production. Because of the potential overlap with SR&amp;ED, it is generally best to choose one program or the other. Applying for both will risk problems in the approval process.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-be62fc5 elementor-widget elementor-widget-spacer\" data-id=\"be62fc5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dabdb96 question elementor-widget elementor-widget-heading\" data-id=\"dabdb96\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Is a SR&amp;ED refund taxable?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f6b9733 answer elementor-widget elementor-widget-text-editor\" data-id=\"f6b9733\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Yes, you have to pay income tax on an SR&amp;ED tax refund.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f3e187e elementor-widget elementor-widget-spacer\" data-id=\"f3e187e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a493f11 question elementor-widget elementor-widget-heading\" data-id=\"a493f11\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How are SR&amp;ED credits paid?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9302118 answer elementor-widget elementor-widget-text-editor\" data-id=\"9302118\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>When you earn SR&amp;ED investment tax credits (ITC), they are first applied to any income taxes that you may owe. If you are a Canadian Controlled Private Corporations (CCPC) and earn an ITC for an amount greater than the taxes you owe, the excess may be refunded to you by the Canada Revenue Agency in the form of a\u00a0 cheque or direct deposit.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ab3a51b elementor-widget elementor-widget-spacer\" data-id=\"ab3a51b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8fb7717 question elementor-widget elementor-widget-heading\" data-id=\"8fb7717\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What supporting documentation do I need to keep?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6a3ad2e answer elementor-widget elementor-widget-text-editor\" data-id=\"6a3ad2e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>You need to keep documents to show that eligible work was performed and allowable expenditures were incurred in the year for which you are filing your claim. This information should convey what work was done, who was involved with the work, when the work was conducted, and how you calculated the expenditures associated with the work.<\/p><p>Even of your claim is approved this year, the Canada Revenue Agency may contact you in a future year to review your documentation. For this reason, required records and supporting documents must be kept for a period of six years from the end of the last tax year to which they relate.<\/p><p>Examples of supporting information for SR&amp;ED work and expenditures include (but are not limited to):<\/p><ul><li>project planning documents<\/li><li>design of experiments<\/li><li>design documents and technical drawings<\/li><li>project records and laboratory notebooks<\/li><li>design, system architecture and source code (software development)<\/li><li>records of trial runs<\/li><li>project progress reports<\/li><li>minutes of project meetings and virtual meeting chats<\/li><li>whiteboard drawings<\/li><li>test protocols, data, results, analysis and conclusions<\/li><li>final project report or professional publication<\/li><li>photographs and videos<\/li><li>prototypes and samples<\/li><li>scrap and scrap records<\/li><li>contracts and lease agreements<\/li><li>records of resources allocated to the project<\/li><li>time sheets, activity records and payroll records<\/li><li>purchase invoices and proofs of payment<\/li><li>accounting records<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4be546c elementor-widget elementor-widget-spacer\" data-id=\"4be546c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-79e26d3 question elementor-widget elementor-widget-heading\" data-id=\"79e26d3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How do I make a claim?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-200cf26 answer elementor-widget elementor-widget-text-editor\" data-id=\"200cf26\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The SR&amp;ED program is administered by the Canada Revenue Agency. To make a claim, there are\u00a0<a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/scientific-research-experimental-development-tax-incentive-program\/claim-sred-tax-incentive-how-claim.html\" target=\"_blank\" rel=\"noopener\">forms<\/a>\u00a0that you need to complete and file with your income tax return, either by mail or online.<\/p><p>The CRA will assign technology advisors and financial reviewers to examine your SR&amp;ED claim. These experts will assess whether your project qualifies and may visit you to review your documentation and other supporting evidence.<\/p><p>The CRA promises to process 90% of claims within 60 calendar days of being received, but it can take up to six months if your file is chosen for review.<\/p><p><span dir=\"ltr\" role=\"presentation\">Starting April 1, 2026, businesses can also opt into a pre-claim approval process that provides <\/span><span dir=\"ltr\" role=\"presentation\">up-front technical confirmation of project eligibility, with a target turnaround of approximately 90 days. <\/span><span dir=\"ltr\" role=\"presentation\">If navigating the process feels complex, Swoop&#8217;s SR&amp;ED experts can guide you from start to finish. <\/span><span dir=\"ltr\" role=\"presentation\">The first step is a straightforward eligibility assessment to confirm your projects qualify before any <\/span><span dir=\"ltr\" role=\"presentation\">paperwork begins.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d319637 elementor-widget elementor-widget-spacer\" data-id=\"d319637\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b6f13dd question elementor-widget elementor-widget-heading\" data-id=\"b6f13dd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Who can I contact to get more information?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7c73d3d answer elementor-widget elementor-widget-text-editor\" data-id=\"7c73d3d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The\u00a0<a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/scientific-research-experimental-development-tax-incentive-program.html\" target=\"_blank\" rel=\"noopener\">Government of Canada\u2019s Scientific Research and Experimental Development Tax Incentive Program page<\/a>\u00a0has all the information you need on SR&amp;ED. If you have further questions or need support, the\u00a0<a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/scientific-research-experimental-development-tax-incentive-program\/contacts.html\" target=\"_blank\" rel=\"noopener\">CRA\u2019s SR&amp;ED contact information page<\/a>\u00a0has a number of tax services offices in regions across Canada to assist you with SR&amp;ED claims.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-9e77756 e-flex e-con-boxed e-con e-parent\" data-id=\"9e77756\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7aaaf16 elementor-widget elementor-widget-ucaddon_author_page\" data-id=\"7aaaf16\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_author_page.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t\t\n\n\n <div class=\"info-user-post\">\n \n <div class=\"left-info\">\n <a href=\"https:\/\/swoopfunding.com\/ca\/author\/michael-david\/\" aria-label=\"Michael David\">\n <picture loading=\"lazy\" decoding=\"async\" class=\"attachment-large size-large\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/wp-content\/uploads\/2024\/10\/michael-david.webp\" data-lazy-src=\"https:\/\/swoopfunding.com\/wp-content\/uploads\/2024\/10\/michael-david.webp?is-pending-load=1\" alt=\"\" class=\"jetpack-lazy-image\" loading=\"lazy\" width=\"92\" height=\"92\">\n <\/picture>\n <\/a>\n <\/div>\n \n <div class=\"right-info\">\n <div class=\"inner-top\">\n <div class=\"info-top\">\n <div class=\"info-title\">\n <p>Written by<\/p>\n <p class=\"name-author\"><a href=\"https:\/\/swoopfunding.com\/ca\/author\/michael-david\/\">Michael David<\/a><\/h3>\n <\/div>\n <\/div>\n \n \n <\/div>\n <div class=\"info-bottom\">\n <p>Michael David is a financial writer and former investment advisor. Writing for Capital Group, Dimensional Fund Advisors, Franklin Templeton Investments, HSBC, Invesco, PIMCO, Vanguard, global insurance companies, major banks and others, he has educated professionals, business owners and consumers about strategies for investing, insurance, banking and corporate finance for more than 20 years.<\/p>\n <\/div>\n\n <ul class=\"social-links\">\n <li><a href=\"https:\/\/www.linkedin.com\/in\/themichaeldavid\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Linkedin\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/ca\/wp-content\/themes\/swoopMW50\/assets\/icons\/icon-linkedin-min.svg\" width=\"30\" height=\"30\" alt=\"Linkedin\">\n <\/a><\/li>\n \n \n <\/ul>\n\n <div class=\"swoop-promise\">\n <p><strong>Swoop promise<\/strong><\/p>\n <p>At Swoop we want to make it easy for SMEs to understand the sometimes overwhelming world of business finance and insurance. Our goal is simple \u2013 to distill complex topics, unravel jargon, offer transparent and impartial information, and empower businesses to make smart financial decisions with confidence.<\/p>\n <p>Find out more about Swoop\u2019s editorial principles by reading our <a href=\"https:\/\/swoopfunding.com\/ca\/about-swoop\/editorial-policy\/\">editorial policy<\/a>.<\/p>\n <\/div>\n\n <\/div>\n <\/div>\n\n \n\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c15daef e-flex e-con-boxed e-con e-parent\" data-id=\"c15daef\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-ebc1f75 e-flex e-con-boxed e-con e-child\" data-id=\"ebc1f75\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<a class=\"elementor-element elementor-element-0419ba5 e-con-full e-flex e-con e-child\" data-id=\"0419ba5\" data-element_type=\"container\" data-e-type=\"container\" href=\"https:\/\/swoopfunding.com\/ca\/business-loans\/\">\n\t\t\t\t<div class=\"elementor-element elementor-element-faf6142 elementor-widget elementor-widget-image\" data-id=\"faf6142\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" width=\"66\" height=\"66\" src=\"https:\/\/swoopfunding.com\/ca\/wp-content\/uploads\/sites\/2\/2024\/03\/loans.svg\" class=\"attachment-full size-full wp-image-30066\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c6b4047 elementor-widget elementor-widget-heading\" data-id=\"c6b4047\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Business loans<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/a>\n\t\t<a class=\"elementor-element elementor-element-d0f467d e-con-full e-flex e-con e-child\" data-id=\"d0f467d\" data-element_type=\"container\" data-e-type=\"container\" href=\"https:\/\/swoopfunding.com\/ca\/equity-financing\/\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e1b477e elementor-widget elementor-widget-image\" data-id=\"e1b477e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" width=\"66\" height=\"66\" src=\"https:\/\/swoopfunding.com\/ca\/wp-content\/uploads\/sites\/2\/2024\/03\/equity-finance.svg\" class=\"attachment-full size-full wp-image-30060\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a5f71b2 elementor-widget elementor-widget-heading\" data-id=\"a5f71b2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Equity finance<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/a>\n\t\t<a class=\"elementor-element elementor-element-30b012e e-con-full e-flex e-con e-child\" data-id=\"30b012e\" data-element_type=\"container\" data-e-type=\"container\" href=\"https:\/\/swoopfunding.com\/ca\/business-grants\/\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3ce2d55 elementor-widget elementor-widget-image\" data-id=\"3ce2d55\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" width=\"66\" height=\"66\" src=\"https:\/\/swoopfunding.com\/ca\/wp-content\/uploads\/sites\/2\/2024\/03\/grants.svg\" class=\"attachment-full size-full wp-image-30061\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-045b761 elementor-widget elementor-widget-heading\" data-id=\"045b761\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Grants<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/a>\n\t\t<a class=\"elementor-element elementor-element-dc8677c e-con-full e-flex e-con e-child\" data-id=\"dc8677c\" data-element_type=\"container\" data-e-type=\"container\" href=\"https:\/\/swoopfunding.com\/ca\/business-loans\/commercial-mortgages\/\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f6d73c5 elementor-widget elementor-widget-image\" data-id=\"f6d73c5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" width=\"66\" height=\"66\" src=\"https:\/\/swoopfunding.com\/ca\/wp-content\/uploads\/sites\/2\/2024\/03\/cm.svg\" class=\"attachment-full size-full wp-image-30737\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-049f805 elementor-widget elementor-widget-heading\" data-id=\"049f805\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Commercial\u2028mortgages<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-14df5a6 e-flex e-con-boxed e-con e-parent\" data-id=\"14df5a6\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9c78162 elementor-widget elementor-widget-ucaddon_auto_page_related\" data-id=\"9c78162\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_auto_page_related.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t\t\n\n\n\n <div class=\"container-auto-page-related\">\n <p class=\"title-related text-center\">Related pages<\/p>\n <div class=\"auto-page-related\">\n <ul>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-grants\/\">Business grants <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-grants\/grant-advance-funding\/\">Grant advance funding <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-grants\/match-funding\/\">Match funding for grants explained \u2013 what is it? <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/ca\/business-grants\/sr-ed-tax-credits\/\">SR&#038;ED tax credits <\/a>\n <\/li>\n <\/ul>\n <\/div>\n <\/div>\n\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-12a679b e-con-full e-flex e-con e-parent\" data-id=\"12a679b\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e1c6ef1 elementor-widget elementor-widget-spacer\" data-id=\"e1c6ef1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8f795c5 elementor-widget elementor-widget-template\" data-id=\"8f795c5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"template.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-template\">\n\t\t\t\t\t<div data-elementor-type=\"section\" data-elementor-id=\"11997\" class=\"elementor elementor-11997\" data-elementor-post-type=\"elementor_library\">\n\t\t\t<div class=\"elementor-element elementor-element-5f19513 e-con-full e-flex e-con e-parent\" data-id=\"5f19513\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-565afd7 e-flex e-con-boxed e-con e-child\" data-id=\"565afd7\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-7f5fdee e-con-full e-flex e-con e-child\" data-id=\"7f5fdee\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6179649 elementor-widget elementor-widget-heading\" data-id=\"6179649\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">Ready to grow your business?<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d271e19 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"d271e19\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-md\" href=\"https:\/\/app.swoopfunding.ca\/stage\" target=\"_blank\" rel=\"noopener\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Get started<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dc531b6 elementor-widget elementor-widget-html\" data-id=\"dc531b6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n<script type=\"text\/javascript\" src=\"\/\/widget.trustpilot.com\/bootstrap\/v5\/tp.widget.bootstrap.min.js\" async><\/script>\n\n\n\n\n<div class=\"trustpilot-widget\" data-locale=\"en-US\" data-template-id=\"53aa8807dec7e10d38f59f32\" data-businessunit-id=\"5b437d760db9da00019935a0\" data-style-height=\"95px\" data-style-width=\"160px\" data-theme=\"dark\" data-token=\"75678bf0-071e-4356-8a6b-93beb5a68f32\">\n <a href=\"https:\/\/www.trustpilot.com\/review\/swoopfunding.com\" target=\"_blank\" rel=\"noopener\">Trustpilot<\/a>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1ddc335 e-flex e-con-boxed e-con e-parent\" data-id=\"1ddc335\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>SR&amp;ED tax credits The Scientific Research and Experimental Development (SR&amp;ED) tax credits program uses tax incentives to encourage Canadian businesses to conduct research and development (R&amp;D) in Canada. Through our network of trusted partners, Swoop can help you quickly unlock cash from innovation being\u00a0created by your business. Eligibility Businesses working on a technological advancement Amount [&hellip;]<\/p>\n","protected":false},"author":29,"featured_media":0,"parent":26103,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-7658","page","type-page","status-publish","hentry"],"acf":[],"featured_image_urls_v2":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","image_blog":"","image_blog_full":"","image_podcast":"","image_banking":"","image_blog_internal":"","image_blog_medium":"","image_single_banking":""},"post_excerpt_stackable_v2":"<p>SR&amp;ED tax credits The Scientific Research and Experimental Development (SR&amp;ED) tax credits program uses tax incentives to encourage Canadian businesses to conduct research and development (R&amp;D) in Canada. Through our network of trusted partners, Swoop can help you quickly unlock cash from innovation being\u00a0created by your business. Eligibility Businesses working on a technological advancement Amount Recover 64% or more of certain costs in the form of tax credits Purpose Government tax relief for companies conducting R&amp;D Speed CRA targets 60 days for standard claims; new pre-claim approval aims for 90-day certainty. Cost Application cost is linked to the size of&hellip;<\/p>\n","category_list_v2":"","author_info_v2":{"name":"Michael David","url":"https:\/\/swoopfunding.com\/ca\/author\/michael-david\/"},"comments_num_v2":"0 comments","_links":{"self":[{"href":"https:\/\/swoopfunding.com\/ca\/wp-json\/wp\/v2\/pages\/7658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/swoopfunding.com\/ca\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/swoopfunding.com\/ca\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/ca\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/ca\/wp-json\/wp\/v2\/comments?post=7658"}],"version-history":[{"count":46,"href":"https:\/\/swoopfunding.com\/ca\/wp-json\/wp\/v2\/pages\/7658\/revisions"}],"predecessor-version":[{"id":40830,"href":"https:\/\/swoopfunding.com\/ca\/wp-json\/wp\/v2\/pages\/7658\/revisions\/40830"}],"up":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/ca\/wp-json\/wp\/v2\/pages\/26103"}],"wp:attachment":[{"href":"https:\/\/swoopfunding.com\/ca\/wp-json\/wp\/v2\/media?parent=7658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}