I am a First Time SR&ED Claimant

The SR&ED Program

The Scientific Research and Experimental Development Program, commonly known as SR&ED, is a tax incentive program offered by the Canadian Government to companies that strive to innovate. The program aims to foster experimentation and technological advancement for the benefit of the Canadian economy. Most importantly, the SR&ED program provides market incentive for the creation of innovative products, services and processes.

The SR&ED program is exclusively managed by the CRA; however, most Canadian provinces have their own R&D tax programs. For eligible organizations, the additional provincial credits can be substantial.

The Most Generous R&D Tax Incentive in the World

The SR&ED program is among the most generous R&D tax incentives in the world, paying in excess of $4 Billion (CDN) to more than 20,000 eligible claimants every year. Based on program criteria, participants can receive significant cash refunds or tax credits to offset a portion of their qualified R&D expenditures.

Is my Company Eligible for SR&ED?

Filing your first SR&ED claim can be a daunting process. Let BeneFACT help guide you through the process.

1.	Visit our Industry Solutions section to find out how the SR&ED program applies to your business
2.	Check out our R&D Recovery Map to see how much you can recover
3.	Take our SR&ED Health Test to better understand your SR&ED eligibility
4.	Contact an industry specialist for a free SR&ED assessment