SR&ED: Canada’s Largest R&D Tax Incentive

At CFIR, we highlight programs that give entrepreneurs a competitive edge. One of the most powerful is the SR&ED (Scientific Research & Experimental Development) Tax Credit Program. This federal program provides over $4 billion in tax credits every year, helping thousands of businesses—especially small and medium-sized enterprises—offset the high costs of innovation. Eligible expenses include wages, materials, and certain contractor costs. For entrepreneurs, SR&ED can mean the difference between an idea staying on paper and becoming a market-ready product. By reducing financial risk, it allows businesses to invest more boldly in R&D and scale their impact. Learn more: canada.ca