Canada Revenue Agency (CRA) administers the Scientific Research and Experimental Development (SR&ED) Tax Incentive Program in which Canadian-controlled private corporation are encouraged to conduct their Research and Development in Canada.
In exchange for this, the CRA is giving an investment tax credit of 35% to the first $2 million of qualified expenditures; and 20% on the excess amount. In dollar terms, this can be a few thousand dollars or even millions. The program is very attractive especially to start-up companies because [...]