buksoSR&ED research development credit software innovation
Not tax advice. General bookkeeping information only, checked against the official sources linked below (Canada Revenue Agency, IRS, provincial governments and Justice Laws) on Oct 17, 2026. Rules change; check with your accountant before you file.
Canada
Businesses doing research and experimental development in Canada (for example solving technical problems in new software) can claim SR&ED credits. Canadian-controlled private corporations get an enhanced 35% refundable credit on up to $6 million of qualifying spending a year (raised from $3 million, for tax years starting after December 15, 2024; law since March 26, 2026). Keep records of the work and the technical problems as you go.
Official source: canada.ca