Financial Benefits of the R&D Tax Credit Programs – Canada & USA

Canada Scientific Research & Experimental Development (SR&ED) Tax Credit

USA Research & Experimentation (R&E) Tax Credit

Available to individuals and corporations with R&D expenditures in CanadaAvailable to corporations with R&E expenditures in USA
Different funding rates available for types of corporations and sizeStandard federal funding rates for corporations
Both a federal and provincial tax credit availableBoth a federal and state tax credit available
Annual tax incentives of $3 billion in Canada, that significantly recoup the costs of R&DAnnual tax incentives of $6.6 billion in USA, that significantly offset the costs of R&D
Qualifying expenditures include: labour, materials, and contractsQualifying expenditures include: wages, supplies, computer operating costs and contract expenditures
Can be claimed up to 18 months of the tax year when SR&ED occurredTax credit can be retroactively claimed up to 36 months of the tax year when R&E occurred
Additional tax incentives if R&E work in the industry of energy development & drug development

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Learn More about the US R&E Program & How EVAMAX can help Maximize benefits through the program

For assistance in preparing your submission and to position your application for approval contact EVAMAX Group to help you with the process. You may also email us at or call 1-877-711-7733.