Credits & Incentives

Funding innovation through research and development.

Maximize SR&ED tax credits and other tax incentives to fuel innovation

The Scientific Research and Experimental Development (SR&ED) tax credit is a government initiative aimed at promoting research and development (R&D) activities within Canada. It offers substantial tax credits to businesses that invest in R&D and experimental projects. These credits can significantly reduce your tax obligations and provide valuable funding for ongoing innovation.

Credits & Incentives

BDO can help your business navigate the complexities of the SR&ED program with ease. Our comprehensive range of services are designed to support businesses of all sizes, from entrepreneurs and start-ups to mid-market and enterprise organizations.

Our team of experienced engineers, software developers, scientists, tax and accounting professionals, and business consultants are well-equipped to identify eligible activities and support you through the complex claim process, ensuring accuracy and compliance. We are more than just preparers—we are a strategic partner, committed to helping you maximize funding assistance both domestically and globally. By entrusting us with the intricacies of SR&ED and other government incentives, you can focus on what you do best: innovation and business growth.

Our approach to Credits & Incentives

Navigating SR&ED claims and the T661 form

The SR&ED program and its documentation, including the T661 form, can be complex. A BDO, we simplify this process for you. Our team will guide you through every step and help you complete the necessary documentation accurately.

Ensuring accuracy and compliance

Mistakes in SR&ED tax credit applications can result in missed opportunities or audits. Our team takes great care to ensure that your claims are accurate, complete, and fully compliant with the program's requirements, minimizing the risk of audits or missed opportunities.

Identifying other relevant government incentives

While the SR&ED program is valuable, it is not the only government incentive available to businesses. Our comprehensive knowledge of government incentives allows us to identify additional funding programs that your business may qualify for.

Our industry expertise

Applying innovation—including data analytics, machine learning, and robotics—to help your manufacturing business prioritize and tackle the demanding challenges and key concerns.

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Reliable information and guidance to manage evolving regulations, new business models, and emerging technology trends to stay ahead of the curve.

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Applying innovation—including data analytics, machine learning, and robotics—to help your manufacturing business prioritize and tackle the demanding challenges and key concerns.

Learn more

Reliable information and guidance to manage evolving regulations, new business models, and emerging technology trends to stay ahead of the curve.

Learn more

Why BDO?

Advanced AI enabled tools

We use advanced AI enabled tools to streamline the preparation process.

Data-based claim preparation

We use your data, in whatever form it is stored, to minimize time and build quantifiable and defendable claims to enhance predictability.

Industry expertise

Our consultants know your industry and have extensive experience with the underlying technologies of your business.

A customized team approach

We build the right multidisciplinary delivery team for every client.

Featured Credits & Incentives resources

The tax benefits of SR&ED

To maintain their competitive edge, many Canadian businesses devote significant resources to the scientific research and experimental development (SR&ED) of new products and processes. The Canadian tax benefits for SR&ED activities carried on in Canada are amongst the most generous SR&ED incentives in the world.

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SR&ED tax credit program significantly enhanced as Bill C-15 passes

New SR&ED tax credit enhancements are set to increase refund potential and expand eligibility for more Canadian businesses.

With higher expenditure limits, expanded access, and simplified rules, these changes could create new opportunities for your organization. This article breaks down what’s changing and how your business could benefit.