In the fiscal year that ended March 31, 2026, the Canada Revenue Agency processed 23,677 SR&ED claims and allowed $4.6 billion in investment tax credits. Software development accounted for 42.6 per cent of the credits allowed, more than any other field, according to the CRA’s program statistics. If you run a Canadian tech startup, the SR&ED tax credit could return a real share of your engineering payroll. SR&ED (short for Scientific Research and Experimental Development) is the largest single source of federal R&D support for Canadian businesses. For a small Canadian-controlled private corporation (CCPC), it can refund up to 35…
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