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Tax Credit Federal ● Open

SR&ED Tax Incentive Program

Canada Revenue Agency · Prince Edward Island

Funding amount
15–35% of eligible R&D expenditures
Application difficulty
High
Typical timeline
60-180 days
How to apply
Online
📋 About this program
Provides federal tax credits for businesses conducting scientific research or experimental development (SR&ED) in Canada. Enhanced rates apply for Canadian-controlled private corporations.
✅ Who qualifies
Eligible uses
Research Development
🚀 How to apply
  1. Check your eligibility — Review the requirements above, or use FundNavigator's free AI matcher to confirm this program is a fit for your business before spending time on the application.
  2. Prepare your documents — Common requirements include: Form T661 (SR&ED claim), Detailed project descriptions and methodology, Supporting technical documentation, Financial records and salary information, Completed corporate tax return (T2).
  3. Submit your application — Apply at the official portal →
💡 Tips & notes
Enhanced 35% rate for CCPCs on first $6M in eligible expenditures. Claim via annual tax return (T661 form).
Apply at official portal →

Not affiliated with Canada Revenue Agency. Always verify eligibility directly with the funding body.

Program details
Status Open
Type Tax Credit
Level Federal
Amount 15–35% of eligible R&D expenditures
Administered by Canada Revenue Agency
Application Online

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