What are SR&ED Tax Credits?
Scientific Research & Experimental Development (SR&ED) is a Canadian government tax credit program aimed at encouraging businesses of all sizes to conduct R&D to develop new — or improve existing — methods, processes, services and products
SR&ED Investment Tax Credits (ITCs) provide tax relief to eligible Canadian businesses to offset the cost of innovation.
Check out our easy-to-read infographic to learn more: About SR&ED Program
What Can You Recover?
Up to 69% of eligible R&D expenses (depending on your province) may be refunded from CRA. Eligible expenditures include salaries, sub-contractor fees and materials.
“The SR&ED program has provided us with an invaluable source of non-debt & non-dilutive capital to support innovation and the growth of our portfolio companies.
The Flow team helped us navigate through complex challenges with ease and their support team was made available to us at an instant.”
– Marko Jelavic, Principal, Ferst Capital Partners
Canadian Controlled Private
(Most tech start-ups fall in this category)
Businesses controlled by non
Canadian residents or controlled
by public corporations
Maximum Eligible Return Rates
*Total Refundable and Non refundable amounts vary from province to province
|Sub Contractor Fees||36%||22%|
Materials consumed or transformed
*Quebec offers 14% refundable
Innovation knows no bounds.
Businesses across many industries qualify for the SR&ED program, including the ones below. However, the nature of the R&D work you do is more relevant than your business sector when determining eligibility for the program.
Software & Information Technology
Biotech, Life Sciences
& Medical Technologyy
Clean Tech & Sustainable
Oil & Gas,
Energy & Mining
+ Other Industries
DOWNLOAD THE FULL GUIDE
Recover Up To 69% Of Your R&D Costs (depending on your province)
Learn about eligibility, how much you can receive, documentation tips, case studies & more.
WHERE EXPERTISE MEETS EXPERIENCE
"Flow Ventures is the SR&ED consulting firm every company should be working with. Their SR&ED evidence gathering process ensures our SR&ED claims are beyond reproach. We received a 10X larger credit than with our previous provider and received our return in under 3 weeks. Beyond SR&ED, the Flow team uses their knowledge and network help us access other resources such as grants and customers. I highly recommend their work.”"