The Canadian Government supports and incentivizes business that invest in and develop technological advancement, scientific knowledge and related research via the Scientific Research and Experimental Development (SR&ED) Tax Incentive Program. This program provides R&D refunds for expenses incurred through research and experimentation.
“To qualify for the SR&ED program, work must advance the understanding of scientific relations or technologies, address scientific or technological uncertainty, and incorporate a systematic investigation by qualified personnel.
For a complete overview of the scope of the Canadian Scientific Research and Experimental Development (SR&ED) Tax Incentive Program, please follow the link to the Canada Revenue Agency website.
This program has two types of grants available for Canadian businesses. They include:
These grants are offered to late-stage development or pre-commercialization strategies for technological innovations that benefit the environment. If your project is geared at helping mitigate environmental concerns, such as clean air, potable water, and climate change, a SR&ED consultant may be able to help you file and prepare a successful claim, so you can continue your research, or keep developing innovations that respond to these issues.
These grants maximize the potential for industry-specific academic research partnerships concerning technological innovations, and include:
This grant leverage is split into two categories: