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FINANCIAL INCENTIVES YOU CAN EXPECT

WHICH WORK ACTIVITIES QUALIFY

FREQUENTLY ASKED QUESTIONS


WHICH WORK ACTIVITIES QUALIFY

Eligible technical work/projects include not just your products and installations, but also systems you have developed for others or even systems you have developed for your own internal use. Take a moment to consider the following:

  • Are you developing or have recently developed a new product or process?
  • Are you developing new technological process, software, or algorithm?
  • Are you improving an existing product or process?
  • Are you developing or improving a material (including food items)?
  • Are you developing prototype equipment, system, or machine?
  • Are you developing custom machinery, tool, or device (including for your own internal use)?

The technical advancement does not need to be ground breaking. Incremental improvements in a company's products or processes are eligible. In most cases, up to 68% of qualifying expenditures (e.g., wages) are refunded. The company does not even have to owe taxes to qualify for this subsidy. The government allows a company to claim SR&ED refunds retroactively, up to two last fiscal years.







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