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#intellectual-property-law
Added: a month ago


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Dominic Alfred

IP and Technology Lawyer, Alfred Law


The Scientific Research and Experimental Development (SR&ED) Program is a federal program that uses tax incentives to encourage Canadian businesses of all sizes and in all sectors to conduct research and development (R&D) in Canada.


The program is administered by the Canada Revenue Agency (CRA).These tax incentives come in three forms:


  • income tax deduction
  • investment tax credit (ITC), and
  • in certain circumstances, a refund.


According to the CRA, the SR&ED Program provides more than $3 billion in tax incentives to over 20,000 applicants annually, making it the single largest federal program that supports business R&D in Canada.


Answered: a month ago