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SR&ED

R&D Capital offers a range of products for short-term financing of refundable tax credits for scientific research and experimental development, whether federal or provincial.

Here is some useful information about these programs. The information comes directly from the websites of the corresponding agencies:

Federal program (CRA)

Tax incentive to encourage Canadian businesses of all sizes and in all sectors to conduct research and development in Canada that will lead to new, improved or technologically advanced products or processes. Claimants can apply for SR&ED investment tax credits for expenditures such as wages, materials, machinery, equipment, some overhead and SR&ED contracts.

Generally, a Canadian-controlled private corporation (CCPC) can earn a refundable ITC of 35% of qualified expenditures for SR&ED carried out in Canada, to a maximum of $3 million, and 20% of any amount over that threshold. For other Canadian corporations, individuals (proprietorships), partnerships and trusts, the ITC is 20% of qualified expenditures for SR&ED carried out in Canada.

Provincial Programs

Quebec Refundable tax credit of up to 37.5% of qualified expenditures related to SR&ED carried out in Quebec.
Ontario Ontario's innovation tax credit is a 10% refundable tax credit based on qualified expenditures for SR&ED carried out in Ontario. The program is administered by the CRA.
British Columbia Refundable tax credit of up to 10% of qualified expenditures related to SR&ED carried out in British Columbia.
Alberta Refundable tax credit of up to 10% of qualified expenditures related to SR&ED carried out in Alberta, to a maximum of $400,000 a year.
Manitoba Non-refundable 20% tax credit based on qualified expenditures related to SR&ED carried out in Manitoba. The program is administered by the CRA.
Nova Scotia Refundable 15% tax credit based on qualified expenditures related to SR&ED carried out in Nova Scotia. The program is administered by the CRA.
New Brunswick Refundable 15% tax credit based on qualified expenditures related to SR&ED carried out in New Brunswick. The program is administered by the CRA.
Saskatchewan Refundable 15% tax credit based on qualified expenditures related to SR&ED carried out in Saskatchewan. The program is administered by the CRA.

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