Claim Incentives

What projects qualify?

If you’ve conducted research and development to: develop a new product, a new process, or to improve existing ones, your project may qualify.

What things can I claim?

• Salary and wages
• Materials
• SR&ED contracts
• Overhead
• Third-party payment(s)
• And more!

Example Claim:

Small-Medium Sized Business

Qualified expenditure (salaries/wages): $200,000
Overhead expenditure (using Proxy Method): $110,000
Total qualified expenditures: $310,000
Federal refundable amount (35%): $108, 500
Provincial refundable amount (8%): $24,800
Total refund: $133,300
Non-refundable (3.5%): $10,850
Total Tax Credit: $144,150

For more information, see the following link on CRA’s website