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Support and stimulate the research and technological innovation efforts of businesses

The Investment Tax Credit (ITC) for SR&ED at the federal level allows you to recover a part of your research and development costs in the form a tax credit.

The ITC for Scientific Research and Experimental Development (SR&ED) is the main tax incentive in Canada and is aimed at supporting and stimulating companies’ research and technological innovation initiatives.

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.

What are the advantages of working with FI Group?

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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FI Group Canada

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