The Government of Canada is committed to supporting the creation of new companies and the investment in existing businesses through measures, such as low corporate tax rates and federal tax credits. Federal tax credits for investing in Canada are the most favorable tax deductions for Scientific Research and Experimental Development (SR&ED) expenditures in the world. SR&ED is defined as a "systematic investigation or search carried out in a field of science or technology by the means of experiment or analysis". The SR&ED program encourages Canadian businesses of all sizes and industries to conduct research and development (R&D) in Canada leadi…
The Government of Canada is committed to supporting the creation of new companies and the investment in existing businesses through measures, such as low corporate tax rates and federal tax credits. Federal tax credits for investing in Canada are the most favorable tax deductions for Scientific Research and Experimental Development (SR&ED) expenditures in the world. SR&ED is defined as a "systematic investigation or search carried out in a field of science or technology by the means of experiment or analysis". The SR&ED program encourages Canadian businesses of all sizes and industries to conduct research and development (R&D) in Canada leading to new, improved or technologically advanced products or processes. It is the largest single source of federal support for industrial research and development, providing open-ended access to tax credits worth $4 -$5 billion annually.
