The SR&ED program, in existence since 1985, represents one of Canada’s efforts to encourage innovative development work and improve Canada’s competitiveness in the global marketplace. Administered by the Canada Revenue Agency (CRA), the program enables companies of all sizes to reclaim a portion of spent development expenditures in the form of a tax credit and/or cash refund. In Ontario, a private corporation can receive a refund up to 68.5% of eligible expenditures.

Review these links for more easy-to-understand information about the SR&ED program:

Is my company eligible?  - The program is not just for technology companies. Most companies perform some form of eligible experimental development. Click here to find out if your company is eligible.

How much money can l I recover? - Up to 68% of labour costs and up to 42% of contractor payments, prototype costs, and capital equipment expenditures are covered if you are a Canadian Controlled Private Corporation operating in Ontario. Click here to find out the details and walk through an example.

Common questions and answers - For comprehensive details about the SR&ED program and to review our detailed list of common questions and answers about the program, click here.

Links and publications - Click here to obtain additional information directly from the Canada Revenue Agency site, and review TSI's SR&ED publications to learn more. 

Yes, the process of filing for the refund on your own can be confusing and time consuming, but with TSI your claim will be filed quickly and professionally -- without burdening your company's resources. Click here to find out why it is advantageous to utilize a consultant for help with your SR&ED filing.