SR&ED funding is available to Canadian businesses engaged in innovative R&D activities that aim to advance technology and create new knowledge. This program provides financial support to companies engaged in innovative projects that push the boundaries of technology and contribute to advancements in various fields. By meeting the eligibility criteria and providing comprehensive documentation, businesses can access financial support to fuel their innovation efforts and drive economic growth. For more, visit us at https://canadiansred.ca/

1. Examine the
SR&ED Funding
Eligibility Process

2. Intoduction
SR&ED funding is a program
administered by the Canadian
government to encourage
research and development (R&D)
activities within businesses. This
program provides financial
support to companies engaged in
innovative projects that push the
boundaries of technology and
contribute to advancements in
various fields. However, eligibility
for SR&ED funding is subject to
certain criteria, which we will
explore below.

3. 1. Canadian Businesses
The primary eligibility criterion for SR&ED funding is
that the applicant must be a Canadian business. This
includes corporations, partnerships, and sole
proprietors who carry out business operations in
Canada. Foreign companies operating in Canada
through a permanent establishment may also qualify.

4. 2. Conducting Eligible
Activities
Funding is specifically aimed at supporting scientific research
and experimental development activities. These activities
involve systematic investigation or experimentation aimed at
creating new, or improving existing, materials, devices,
products, or processes. The research must be undertaken to
achieve technological advancements or breakthroughs.

5. 3. Innovation and
Technological
Advancement
Projects seeking funding must demonstrate a level of
innovation and technological advancement. This means
the research must involve the resolution of scientific or
technological uncertainties. The activities should aim to
develop new knowledge or capabilities that can be applied
in a practical context.

6. 4. Risk and Uncertainty
Another important criterion for funding eligibility is the
presence of technological or scientific uncertainties. Projects
should involve elements of risk and experimentation, where
the outcome is not certain or easily predictable using
currently available knowledge or techniques. The program
supports businesses willing to take risks in pursuit of
innovation.

7. 5. Record Keeping
and Documentation
To qualify for SR&ED funding, businesses must maintain
detailed records and documentation of their R&D activities.
This documentation should include project plans,
experimental procedures, data analysis, and any technical
challenges encountered. Proper documentation is essential
for demonstrating the eligibility of the project and the
expenditures claimed.

8. 6. Application
Process
Businesses seeking funding must submit a formal
application to the Canada Revenue Agency (CRA). The
application should provide detailed information about
the nature of the R&D project, the activities
undertaken, the uncertainties addressed, and the
expenditures incurred. The CRA evaluates applications
based on the eligibility criteria outlined above.

9. Contact Us
587-200-4163
www.canadiansred.ca
info@canadiansred.ca
Suite # 2010 - First Alberta Place, 777 - 8 Avenue SW,
Calgary, AB, T2P 3R5, Canada