Worth itTax creditOpen
Scientific Research and Experimental Development (SR&ED) Tax Credit
Canada Revenue Agency · Federal
In plain language
The single biggest R&D funding program in Canada. Up to 35% refundable for CCPCs on the first $3M of eligible spend. Documentation is the hard part — most businesses hire a SR&ED consultant (20–25% contingency fee is common). Worth it if you're doing genuine technological advancement work.
Realistic range
$10,000 – $1,000,000
Avg award
$75,000
Max advertised
—
Cost share
35%
Accessibility
3 / 5
Effort
4 / 5
Deadline
Continuous intake
Repayable?
No
Who qualifies
Entity types
Incorporated, Sole Prop
Sectors
Technology, Manufacturing, Fisheries, Agriculture, Energy, Professional Services
Regions
NL Wide
Demographics prioritized
None specifically
What you'll have to report
Form T661 with corporate return; detailed technical and financial records retained 6 years.
Stacks well with
Stacks automatically with NL R&D Tax Credit. Reduces ACOA/BIP eligible project costs by the SR&ED amount.
People like you who got it
Recent NL recipients disclosed under this program.
| Recipient | City | Year | Awarded |
|---|---|---|---|
| Placentia Biotech | Placentia | 2024-2025 | $320,000 |
| Signal Hill Software | St. John's | 2023-2024 | $180,000 |
| Signal Hill Software | St. John's | 2022-2023 | $145,000 |