Scientific Research and Experimental Development (SR&ED) Tax Credit

Who can benefit from the Investment Tax Credit?

Any industrial, commercial or agricultural company subject to Canadian taxes and permanently established in Canada can benefit from the program. Around 75% of claimants are small and mid-sized businesses.

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Qualified expenditures

Personnel costs: wages and salaries (expenses for work carried out abroad limited to 10%)
General costs: actual costs or 55% of personnel costs
Cost of materials consumed or modified for SR&ED projects
Sub-contracting of SR&ED (80% for arms-length sub-contractors)
Payments to third parties: to a university, a college or other accredited institution

Calculation

For Canadian-controlled private corporations (CCPC): 35% on the first $3,000,000 of eligible yearly expenses, reduced to 15% for any additional amount.
The ITC is 100% refundable for CCPCs based on the taxable income of the companies in the group (with reference to the previous fiscal year) and according to the nature of expenses (of a current or capital nature).
For other companies: the tax credit is not refundable and is equal to 15% of SR&ED expenses.

Tailor-made support
A solid approach
An international presence

We support you from A to Z, from identification to valuation then securing as well as support in the event of an audit:

Consultants, all engineers or doctors specializing in your fields of activity
A team of tax lawyers
A dedicated project team and contact

Certifications ISO 9001 et ISO 27001
Analysis of the project and the expenditures eligibility according to the legislation in force in Canada.

We offer our customers a global approach to R&D funding by being present in 11 countries around the world:

France
Spain
Portugal
United-Kingdom
Italy
Benelux
Canada
United-States
Japan
Brazil
Colombia
Chile

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R&D/Innovation incentives

Support and stimulate the research and technological innovation efforts of businesses

Who can benefit from the Investment Tax Credit?

Qualified expenditures

Calculation

What are the advantages of working with FI Group?

Eligibility

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