InnoVenTech - Bridging innovation and funding

Your Work Could Already Qualify for SR&ED

If your business is solving technical challenges, developing new or improved products, processes, software, materials, or technologies, your work may qualify for SR&ED incentives

Many businesses overlook SR&ED because they assume innovation only happens in laboratories or large research organizations. In reality, eligible work takes place across virtually every industry, from software and manufacturing to agriculture, biotechnology, clean technology, aerospace, telecommunications, and many others.

SR&ED innovation visual

What is SR&ED?

The Scientific Research & Experimental Development (SR&ED) Program helps eligible Canadian businesses recover a significant portion of qualifying R&D expenditures.

The program supports businesses of all sizes across many industries, provided their work meets the SR&ED eligibility requirements. Eligible work exists across virtually every industry, provided it involves resolving scientific or technological uncertainties through systematic investigation or experimental development.

Key Financial Benefits

For eligible companies, the SR&ED Program provides two complementary benefits.

Investment Tax Credits (ITCs)

Receive refundable and/or non-refundable Investment Tax Credits based on eligible SR&ED expenditures. Depending on your company's eligibility, refundable credits may provide valuable cash flow, while non-refundable credits can reduce income taxes payable.

Tax-Deductible SR&ED Expenditures

Eligible SR&ED expenditures are generally deductible for income tax purposes, reducing your company's taxable income and providing an additional tax benefit beyond the Investment Tax Credit.

Official CRA Reference

Learn more about the SR&ED Program directly from the Canada Revenue Agency.

Visit the CRA SR&ED Program

Eligible Costs

Eligible SR&ED expenditures may include salaries, subcontractor costs, materials, and other expenses that are directly related to eligible SR&ED work.

The types of costs you can claim depend on the nature of your SR&ED work. In general, expenses must directly support eligible activities carried out in Canada and meet the applicable CRA requirements.

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Common Eligible Costs

Common examples of eligible SR&ED costs include:

Salaries and Wages

Employee salaries, wages, and certain taxable benefits directly related to eligible SR&ED work performed in Canada.

Subcontractor Costs

Payments to eligible contractors or subcontractors performing work directly related to eligible SR&ED activities.

Materials and Other Costs

Materials used during eligible SR&ED work, together with certain other costs that may qualify under the SR&ED Program.

Official CRA Reference

Learn more about eligible SR&ED expenditures directly from the Canada Revenue Agency.

Learn about eligible SR&ED expenditures

Who Can Apply?

Canadian businesses of all sizes may qualify for SR&ED tax incentives when they carry out eligible research and experimental development in Canada.

Many businesses assume SR&ED is only for large corporations or organizations with dedicated research laboratories. In reality, businesses of all sizes, from startups and growing companies to established enterprises, may qualify, provided their work meets the SR&ED eligibility requirements.

Book a Free Eligibility Review

Who Can Claim SR&ED?

The CRA recognizes several types of claimants that may be able to claim SR&ED tax incentives.

Corporations

Most SR&ED claims are submitted by Canadian corporations that perform eligible work and incur qualifying expenditures in Canada.

Individuals, Trusts, and Partnerships

Individuals, trusts, and partnerships may also qualify for SR&ED incentives, provided they meet the applicable CRA eligibility requirements.

Official CRA Reference

Learn more about who may claim SR&ED tax incentives directly from the Canada Revenue Agency.

Learn who can claim SR&ED

How It Works

Our structured SR&ED process guides your claim from technical assessment through financial analysis and CRA-ready documentation.

Our team manages every stage of the SR&ED claim process, from identifying eligible work and preparing technical documentation to financial analysis, claim preparation, and ongoing CRA review support.

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Our SR&ED Methodology

Every claim follows a structured process designed to maximize eligible incentives while maintaining CRA compliance.

Technical Assessment

Review your projects to identify eligible work and prepare the technical documentation required to support the claim.

Financial Analysis

Identify and map eligible salaries, subcontractor costs, material expenses, and other qualifying expenditures directly to the eligible technical work.

Claim Preparation

Prepare the technical reports, calculate the available refundable and non-refundable tax credits, complete the SR&ED tax forms, and coordinate with your accountant for submission.

Official CRA Reference

Learn more about claiming SR&ED tax incentives directly from the Canada Revenue Agency.

Learn about the SR&ED claim process

Eligible Activities

Eligible SR&ED work generally involves solving technical challenges through experimentation, analysis, and innovation to create new or improved products, processes, or technologies.

Eligible activities generally involve solving technical problems where the solution isn't immediately obvious. Rather than applying a known solution, your team should investigate different approaches through experimentation, testing, analysis, or evaluation until a workable solution is found.

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Examples of Eligible Work

The following are common examples of activities that may qualify as eligible SR&ED work:

Experimental Development

Developing or improving products, software, processes, materials, or technologies by experimenting, building prototypes, testing different approaches, and evaluating results to solve technological challenges.

Testing and Technical Analysis

Testing different approaches, analyzing results, and using those findings to refine designs, improve performance, or solve technical problems.

Supporting Technical Work

Engineering, design, software development, data collection, technical analysis, and other supporting work may qualify when they directly contribute to eligible SR&ED activities.

Official CRA Reference

Learn more about SR&ED eligibility and eligible work directly from the Canada Revenue Agency.

Learn about SR&ED eligible work

Why It Matters

SR&ED incentives can reduce your tax burden, improve cash flow, and free up capital to reinvest in future innovation and business growth.

A well-prepared SR&ED claim helps businesses recover eligible development costs, strengthen cash flow, reduce financial risk, and create additional resources for future innovation and growth.

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Business Benefits

A well-prepared SR&ED claim can provide valuable financial and long-term business benefits.

Reduce Taxes Payable

Claim eligible SR&ED tax incentives to reduce corporate income taxes and, where eligible, receive refundable tax credits that can provide cash refunds.

Strengthen Cash Flow

Recover eligible development costs and improve cash flow, creating additional resources to invest in growth, hiring, and future innovation.

Official CRA Reference

Learn more about the SR&ED tax incentives available through the Canada Revenue Agency.

Learn about SR&ED tax incentives

Why InnoVenTech

Engineering and R&D expertise combined with structured SR&ED consulting.

InnoVenTech was established by senior professionals with extensive experience in engineering, software development, artificial intelligence, and Canadian SR&ED consulting.

Before specializing in incentive consulting, the professionals behind InnoVenTech worked in research, engineering, software architecture, and AI development. This combination provides a practical understanding of how innovation is conceived, developed, tested, and documented.

Having worked directly on complex engineering and software initiatives, our team understands how to identify technological uncertainties, evaluate experimental development, and transform complex technical work into clear, defensible SR&ED narratives.

InnoVenTech has also developed purpose-built proprietary platforms, including InnoLab and InnoExchange , to streamline collaboration, manage technical evidence, and support controlled SR&ED workflows.

The result is a consulting approach that combines practical engineering insight with disciplined documentation to produce stronger, more defensible SR&ED claims.

InnoVenTech Team Engineering • AI • SR&ED Consulting
Visual representation of the InnoVenTech platform ecosystem