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What expenditures are eligible for SR&ED?

April 26, 2017eligible expenditures sr&ed

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What expenditures are eligible for SR&ED?

2 Answers

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V Ianov Posted

Through the federal portion of the SR&ED program, small to medium sized businesses operating in Canada can receive up to 72.1% back on eligible labour expenses – or the time spent creating new or developing existing products and processes. On top of that, most provinces in Canada also offer a provincial tax credit, which ranges from 10% to 35%.

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There are two methods by which you can claim SR&ED expenditures – the proxy method or the traditional method. Proxy method. Most companies claiming SR&ED tax credits claim under the proxy method. The proxy method is a simple approach to claiming SR&ED expenditures.