Tax Incentives and SR&ED
We help companies navigate Canada’s scientific research and experimental development (SR&ED) tax credit program.
Canada’s scientific research and experimental development (SR&ED) tax credit program offers a significant innovation incentive. Navigating it effectively can fuel your growth, and unlock a world of possibility.
The SR&ED Program is, however, one of many incentives available to Canadian businesses. In the last five years, Canadian deals came through more than 80 different municipal, provincial and federal programs. Some stimulate growth in specific regions. Others fuel entrepreneurship. Still more focus on developing sustainable technologies, cultivating collaboration or delivering new products to market. Each is designed to help companies be – and remain – competitive.
Understanding how these programs work, and where your organization fits into the mix, starts by asking the right questions. Every industry is unique, so there’s a lot to explore. Programs typically fall into two categories: entitlements or discretionary funding, and they can be direct or indirect. They’re delivered through a range of channels, like tax incentives, rebates, and subsidies.
Our multi-disciplinary team brings together engineers, scientists and accountants with deep sector expertise. We’ve built the largest dedicated incentives practice in the country to help you navigate the landscape. We can help you understand what’s out there, and how best to apply it.
Here, you’ll find information on planning, submitting, managing and even defending the best possible claim to make the most of what’s available to you in Canada, and beyond.
Our latest thinking
Access your SR&ED claim proceeds
ahead of time
EY Canada and Easly are working together to provide innovative Canadian companies with a solution to optimize applications for the federal government’s Scientific Research & Experimental Development (SR&ED) and other investment tax credit and grant programs.
Easly makes it possible for companies to access the benefits of programs like SR&ED throughout the year, providing them with opportunistic working capital, improving their cash flow and diversifying their capital mix.
At EY, we have the largest dedicated practice of incentives professionals in the country. That means we can offer comprehensive service and support at every stage of your SR&ED journey:
Did you know the CRA prefers to see SR&ED claims structured according to the technology and not your product or process? We can work with you to plan your claim to meet this and other CRA preferences, helping optimize your return on investment.
Claim process management
Choosing the right process model to show your eligible activities and costs is key to getting the most value from your SR&ED claim. With experience in every industry and sector, we can recommend a process that yields the most value, with the least disruption to your business.
Our dedicated resources focus on the unique issues and opportunities surrounding your claim. Whether we write your project descriptions for you, or support your team’s in-house prep, we can help maximize your return based on your corporation’s tax history and projected taxable income. We’ll also recommend strategies for using federal and provincial SR&ED incentives to improve on past results.
We can proactively track your SR&ED claim status with the CRA. That means we’ll handle the updates and track key dates around exactly when your claim was accepted, your notice of assessment was issued, your cheque or refund was released, and all the details that go with it. If your SR&ED claim is selected for review, our team can handle the logistics and details.
The key to a successful SR&ED audit is being prepared. We have a wealth of experience to help you focus on the issues that will support your claim and allay potential CRA concerns. We’ll guide you through the audit process, advise from the sidelines, or engage fully to defend audits together. We can also help you file for objections through EY Law, maximizing audit results in an event where you disagree with the CRA's assessments.