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Dominic Alfred

IP and Technology Lawyer, Alfred Law

According to the CRA, for all the expenses qualifying under SR&ED, you can get at least 15% - and as much as 35% - as an investment tax credit (ITC), and up to $3 million.

If you accrue any unused ITCs, you can carry them back 3 years or forward 20 years, and apply those credits against tax payable for other years.

Answered: 8 months ago