{"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":"2026-09-09T13:51:03","modified_gmt":"2026-09-09T13:51:03","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\" 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=\"\" loading=\"lazy\" \/>\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\" 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=\"\" loading=\"lazy\" \/>\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>Up to around 64% of eligible salary costs, depending on your province and business structure<\/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\" 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=\"\" loading=\"lazy\" \/>\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\" 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=\"\" loading=\"lazy\" \/>\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>The CRA aims to process claims accepted as filed within 60 calendar days, and claims selected for review within 180. Pre-claim approval decisions take about eight weeks.<\/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\" 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=\"\" loading=\"lazy\" \/>\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\" 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=\"\" loading=\"lazy\" \/>\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\/get-started?fundingReason=fundingOnboarding&#038;version=v3\" 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\" 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\"Article\",\n            \"@id\": \"https:\/\/swoopfunding.com\/ca\/business-grants\/sr-ed-tax-credits\/#article\",\n            \"mainEntityOfPage\": {\n                \"@id\": \"https:\/\/swoopfunding.com\/ca\/business-grants\/sr-ed-tax-credits\/\"\n            },\n            \"headline\": \"SR&#038;ED tax credits\",\n            \"datePublished\": \"2020-11-17T09:28:24+00:00\",\n            \"dateModified\": \"2026-09-09T13:51:03+00:00\",\n            \"author\": {\n                \"@type\": \"Person\",\n                \"@id\": \"https:\/\/swoopfunding.com\/ca\/author\/michael-david\/#person\",\n                \"name\": \"Michael David\",\n                \"url\": \"https:\/\/swoopfunding.com\/ca\/author\/michael-david\/\"\n            },\n            \"publisher\": {\n                \"@id\": \"https:\/\/swoopfunding.com\/ca\/#organization\"\n            }\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\" 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 September 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\" 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>Administered by the Canada Revenue Agency, SR&amp;ED is the largest federal R&amp;D support program in Canada. In the year to March 2026 the CRA allowed $4.6 billion in credits across more than 24,000 claims.<\/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\tIf your business has expenses that are eligible for SR&amp;ED, there are two main ways that you can benefit from the tax incentives:\n<ul>\n \t<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>\n<\/ul>\n<ul>\n \t<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>\n<\/ul>\nThe 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.\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\">How the CRA decides whether your work qualifies<\/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>In August 2021 the CRA replaced its old five question test with two questions. Everything now turns on Why and How.<\/p><h3>Why did you do the work?<\/h3><p>There has to have been a technological uncertainty: something you could not resolve with the knowledge and standard practice available to you. And the work has to have been aimed at resolving it, generating knowledge that advances the underlying technology.<\/p><p>The CRA is explicit that this is about purpose, not outcome. In its words, &#8220;success or failure in meeting your objectives is not relevant&#8221; to the Why test. A line of inquiry that failed still counts, as long as it was a real attempt at a real uncertainty.<\/p><p>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><h3>How did you go about it?<\/h3><p>The work has to have been a systematic investigation, carried out by experiment or analysis, by people qualified to do it. Form a hypothesis, test it, look at what happened, adjust, go again. Trial and error on its own is not enough. Neither is a single attempt that happened to work first time.<\/p><p>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><h3>Where does documentation come in?<\/h3><p>Documentation is not a third test. It is how you evidence the first two.<\/p><p>The CRA needs to see that the work happened the way you describe it, so keep records as you go rather than reconstructing them at filing. Timesheets, project notes, design documents, source control history, test results, meeting minutes, and photographs of prototypes and scrap all count. Contemporaneous beats comprehensive.<\/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\tThe Canada Revenue Agency summarizes an SR&amp;ED project as a set of interrelated activities that:\n<ol>\n \t<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>\n<\/ol>\n<ol start=\"2\">\n \t<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>\n<\/ol>\nBecause 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.\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>First, a common misreading. Building a facility, developing a new product line, upgrading a process, running an engineering project: none of these is disqualified. They&#8217;re business activities rather than SR&amp;ED projects in their own right, and SR&amp;ED work sits inside them all the time. New product development is one of the most common places a valid claim is found.<\/p><p>What matters is whether a specific piece of that work faced a technological uncertainty and was tackled systematically.<\/p><p>What the law does exclude outright:<\/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\tWhen 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.\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>Four types of expenditure qualify:<\/p><ol><li><strong>Salaries or wages<\/strong> that you pay your employees and owners<\/li><li><strong>Fees<\/strong> that you pay to Canadian subcontractors<\/li><li><strong>Material costs<\/strong> for materials that you consume or transform<\/li><li>Capital expenditures on equipment and machinery, where at least 90% of the property&#8217;s use is SR&amp;ED. Buildings and leasehold interests in buildings are excluded. Eligibility was restored for depreciable property acquired after December 15, 2024, announced in the December 2024 Fall Economic Statement and confirmed in Budget 2025.<\/li><\/ol><p>Note that credits on capital expenditures are up to 40% refundable for CCPCs, against 100% on current expenditures like salaries.<\/p><p>Keep in mind, <a href=\"#what-are-the-sred\">you do not get to claim 100%<\/a> of these expenses.<\/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-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>However, Canadian Controlled Private Corporations (CCPCs) \u2014 and, as of Budget 2025, eligible Canadian public corporations \u2014 may also be entitled to earn a refundable tax credit at an enhanced rate of 35% on qualified expenditures, capped at $6 million a year, for tax years beginning on or after December 16, 2024. That&#8217;s worth up to $2.1 million a year in refundable credits. If your tax year began before that date, the previous $3 million limit still applies to it.<\/p><p>This refundable tax credit is fantastic for smaller businesses and startups that may particularly benefit from the potential for improved cash flow. The benefits may be less for more established businesses, as the expenditure limit is reduced when the company&#8217;s taxable capital employed in Canada in the previous tax year exceeds $15 million and is eliminated when it reaches $75 million. For eligible Canadian public corporations the same $15 million to $75 million range applies, but it&#8217;s measured on average gross revenue rather than taxable capital.<\/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>That depends on your structure. A CCPC, or an eligible Canadian public corporation, claiming within the enhanced limit can earn 35% on up to $6 million of qualified expenditures, worth up to $2.1 million a year in refundable credits. Above that limit, and for businesses that are neither, the basic 15% non-refundable rate applies.<\/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 four categories of wages and salaries, sub-contractors, materials and capital.<\/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 equipment and machinery acquired after December 15, 2024, where at least 90% of the property&#8217;s use is SR&amp;ED. Buildings and leasehold interests in buildings do not qualify.<\/p><p>Once you have a total, you must apply the right percentage to calculate your expected SR&amp;ED credit. Assuming you are an Ontario CCPC claiming within the annual expenditure limit, you can expect to claim roughly 64% of salaries and wages, 32% of subcontractor fees, and 42% of material costs.<\/p><p>Most businesses use the proxy method, which lets you add a further 55% of eligible salaries and wages to your claim in place of tracking actual overhead. The alternative, the traditional method, means itemizing real overhead costs and is only worth the work if your overhead is unusually high.<\/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\" id=\"what-are-the-sred\" 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>These figures combine the federal credit with Ontario&#8217;s provincial credits, for a CCPC claiming within the annual expenditure limit:<\/p><table class=\"table\"><thead><tr><th>Cost type<\/th><th>Approximate credit, Ontario CCPC<\/th><\/tr><\/thead><tbody><tr><td>Salaries and wages<\/td><td>64%<\/td><\/tr><tr><td>Material costs<\/td><td>42%<\/td><\/tr><tr><td>Canadian subcontractor fees<\/td><td>32%<\/td><\/tr><\/tbody><\/table><p>Provincial credits vary considerably. Quebec&#8217;s refundable wage credit is more generous, Alberta runs the Innovation Employment Grant rather than an R&amp;D tax credit, and British Columbia&#8217;s credit is non-refundable for businesses that aren&#8217;t CCPCs.<\/p><p>A business that isn&#8217;t a CCPC earns the basic federal rate of 15% instead of 35%, and that credit is non-refundable, which puts the effective return at roughly half the figures above.<\/p><p>Which provincial credit applies depends on where the work is carried out, not where you&#8217;re incorporated. You&#8217;ll need a permanent establishment in that province, with the R&amp;D performed there.<\/p><p><a href=\"https:\/\/share-eu1.hsforms.com\/180DBpxpvTSmlrvKR-HXlVwey2ri\" target=\"_blank\" rel=\"noopener\">Check your SR&amp;ED eligibility<\/a><\/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\">SR&amp;ED alongside other funding<\/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>You can use SR&amp;ED and IRAP together, and plenty of businesses do. They&#8217;re run by different bodies: SR&amp;ED by the Canada Revenue Agency, IRAP by the National Research Council.<\/p><p>The <a href=\"https:\/\/nrc.canada.ca\/en\/support-technology-innovation\/about-nrc-industrial-research-assistance-program\" target=\"_blank\" rel=\"noopener\">Industrial Research Assistance Program<\/a> contributes toward salary and contractor costs for businesses developing innovative products or adopting new technology. That contribution counts as government assistance, which means it reduces the expenditures you can then claim through SR&amp;ED. The same dollar can&#8217;t be supported twice, but holding one doesn&#8217;t disqualify you from the other.<\/p><p>So the question isn&#8217;t which to choose, it&#8217;s how to sequence them. Eligibility for one doesn&#8217;t guarantee eligibility for the other, and the interaction is far easier to get right before you file than to sort out afterwards. If you&#8217;re considering both, talk to an advisor early.<\/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, though the mechanism differs by credit. Federal investment tax credits are included in your income in the year after you receive them, so they&#8217;re taxed then. Provincial credits are treated as government assistance and reduce the expenditures you can claim federally.<\/p><p>Either way, your net benefit lands below the headline credit rate. Worth building into your cash flow forecast rather than discovering the following year.<\/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\tWhen 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.\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 if 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 <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> that 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 aims to meet these standards 90% of the time:<\/p><ul><li><strong>Claims accepted as filed:<\/strong> processed within 60 calendar days of a complete claim being received.<\/li><li><strong>Refundable claims selected for review:<\/strong> completed within 180 calendar days.<\/li><\/ul><h3>Pre-claim approval<\/h3><p>Since April 1, 2026 you can ask the CRA to confirm a project is eligible before you file. It&#8217;s optional, and it&#8217;s aimed at smaller claimants.<\/p><p>To use it you need to be a Canadian-controlled private corporation, a Canadian corporation or a Canadian partnership, with annual gross income under $25 million, and in good standing with the CRA.<\/p><p>The CRA aims to give you a decision within eight weeks of a complete application. You&#8217;ll get a case number within two to five business days and a meeting with a specialist within four weeks. An approval holds for up to three years. And if a later claim containing a pre-approved project is selected for expenditure review, that review is targeted at 90 days instead of 180.<\/p><p>If you want certainty before committing budget to a project, this is the most useful change the CRA has made to the program in years.<\/p><p>Swoop&#8217;s SR&amp;ED experts provide guidance from start to finish, beginning with an eligibility check. <a href=\"https:\/\/share-eu1.hsforms.com\/180DBpxpvTSmlrvKR-HXlVwey2ri\" target=\"_blank\" rel=\"noopener\">Check your SR&amp;ED eligibility<\/a><\/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\tThe\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.\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\" 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 <\/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 decoding=\"async\" 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\" 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=\"\" loading=\"lazy\" \/>\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\" 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=\"\" loading=\"lazy\" \/>\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\" 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=\"\" loading=\"lazy\" \/>\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\" 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=\"\" loading=\"lazy\" \/>\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 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class=\"elementor-element elementor-element-59c933a elementor-widget elementor-widget-ucaddon_floating_cta\" data-id=\"59c933a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"ucaddon_floating_cta.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\t\t\t<style type=\"text\/css\">\/* widget:Floating CTA *\/\n\n.container-floating-cta a{\n font-weight:700;\n border-style:solid;\n border-width:1px 1px 1px 1px;\n color:#FFFFFF;\n border-radius:50px 50px 50px 50px;\n width:100%;\n text-align:center;\n display:block;\n padding:6px 24px;\n transition:all 0.3s;\n}\n\n.container-floating-cta a:hover{\n background:#fff;\n color:#003E52;\n text-decoration:none;\n}\n\n.trustpilot-widget-floating-cta{\n margin-top:12px;\n}\n\n<\/style>\n\n\t\t\t\n<div class=\"container-floating-cta\">\n <a href=\"https:\/\/app.swoopfunding.ca\/get-started?fundingReason=fundingOnboarding&#038;version=v3\" class=\"btn-floating-cta\" target=\"_blank\" rel=\"noopener\">Get started<\/a>\n<\/div>\n\n<div class=\"trustpilot-widget-floating-cta\">\n \n <script type=\"text\/javascript\" src=\"\/\/widget.trustpilot.com\/bootstrap\/v5\/tp.widget.bootstrap.min.js\" async><\/script>\n \n\n \n <div class=\"trustpilot-widget\" data-locale=\"en-US\" data-template-id=\"5419b732fbfb950b10de65e5\" data-businessunit-id=\"5b437d760db9da00019935a0\" data-style-height=\"24px\" data-style-width=\"100%\" data-theme=\"dark\" data-token=\"6307e816-53aa-4589-828c-b174e8417264\">\n <a href=\"https:\/\/www.trustpilot.com\/review\/swoopfunding.com\" target=\"_blank\" rel=\"noopener\">Trustpilot<\/a>\n <\/div>\n \n<\/div>\n\n\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<\/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 Up to around 64% of eligible salary costs, depending on your province and business structure Purpose Government tax relief for companies conducting R&amp;D Speed The CRA aims to process claims accepted as filed within 60 calendar days, and claims selected for review within 180. Pre-claim&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":85,"href":"https:\/\/swoopfunding.com\/ca\/wp-json\/wp\/v2\/pages\/7658\/revisions"}],"predecessor-version":[{"id":42480,"href":"https:\/\/swoopfunding.com\/ca\/wp-json\/wp\/v2\/pages\/7658\/revisions\/42480"}],"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}]}}