**2024-11-12**

# Are you SredReady?

We are happy to announce the launch of a dedicated resource ([SredReady.ca](https://www.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](https://www.sredready.ca).

## 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.

**35%** — refundable tax credit on the first $3M of qualified R&D expenses for small CCPCs — plus 10–30% in provincial credits _(Canada SR&ED program)_

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

## See your team's delivery, clearly

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