Are you SredReady?

We are happy to announce the launch of a dedicated resource (SredReady.ca) for the Canadian Scientific Research and Experimental Development (SR&ED) program. The resource promotes the benefits of this program for innovative technology companies and highlights our product as a solution for SR&ED tax refund claims.

About the SR&ED program

The Scientific Research & Experimental Development (SR&ED) program is Canada’s largest tax incentive program designed to encourage R&D activities.

For SMBs — particularly Canadian-controlled private corporations (CCPCs) — it offers enhanced benefits:

Enhanced benefits for small CCPCs

• Up to 35% refundable tax credit on the first $3M of qualified R&D expenses
• Additional provincial credits ranging from 10–30% depending on location

Key eligible activities

• New product development
• Process improvements
• Technical problem solving
• Software development for internal use
• Experimental development

Main qualifying costs

• Wages for employees doing R&D
• Materials used in R&D
• Subcontractor fees
• Equipment used for R&D

Advantages for small & medium businesses

• Cash refunds even if no taxes are owing
• Simplified claim process for smaller claims
• Higher credit rates compared to larger corporations