How Much Can You Recover?

Successful Scientific Research and Experimental Development (SR&ED) tax credit claims provide companies with combined federal and provincial program cash refunds or tax credits that are equal to 44% of their eligible SR&ED expenditures.

In Ontario, for example, CCPCs may be eligible for the following maximum amounts under the SR&ED program:

• 73% of qualifying labour expenditures
• 44% of qualifying material expenditures
• 44% of qualifying contractor expenditures

For more information about the SR&ED program, please see the Canada Revenue Agency's website: www.cra-arc.gc.ca/txcrdt/sred-rsde/menu-eng.html