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SR&ED Tax Credit

Scientific Research & Experimental Development (SR&ED) and Innovation Employment Grant (IEG) for Alberta’s corporations.

Are you working on Scientific Research & Experimental development (SR&ED) project?

You are not sure?

If you are working on systematic investigation or search that is carried our in a field of science or technology by means of experiment or analysis, you could be qualified for SR&ED Investment Tax Credit.

Please answer the questions below and if ALL your answers are “YES”, please contact us, we’ll be happy to meet you, to go over details. Your project potentially could be qualified for SR&ED Investment Tax Credit.

  1. Was there a scientific or a technological uncertainty that could not be resolved with the standard practice?
  2. Did you formulate hypotheses specifically aimed at reducing, eliminating, or resolving that uncertainty?
  3. Was the overall approach adopted consistent with systematic investigation or search including formulating and testing the hypotheses by means of experiment or analysis?
  4. Was the overall approach undertaken for the purpose of achieving a scientific or a technological advancement?
  5. Did you record the hypotheses, tests and results as the work progresses, particularly during experimentation or analysis phase?

SR&ED and IEG in ALBERTA

Provincial Alberta’s 10% SR&ED tax credit has ended on Dec 31, 2019, but it was effectively replaced with the new provincial IEG (innovation Employment Grant) program. The IEG provides a grant of up to 20% of eligible R&D expenditures incurred in Alberta. R&D expenditures eligible for IEG are the same as those that would qualify under the federal SR&ED program.

Innovation Employment Grant is eligible for corporations that have a permanent establishment in Alberta and incur eligible R&D expenditures in the province after December 31, 2020.

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