British Columbia Canada SR&ED Tax Credit Programs

Receive Retroactive Research Tax Credits on R&D Projects.

The British Columbia (BC) Scientific Research and Experimental Development Tax Credit is the British Columbia provincial variant of the Canadian federal Scientific Research and Experimental Development (SR&ED) program.

Businesses eligible to apply for the federal SR&ED program may also be eligible to apply for funding through the British Columbia provincial SR&ED program. Funding through the federal and provincial programs can be stacked.

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Tax Credit Amount

Depending on a corporation’s circumstances, they may be eligible for a refundable or non-refundable tax credit worth up to 10% of qualifying expenditures.

Eligible Applicants

Corporations or partnerships with a permanent establishment in British Columbia performing approved SR&ED activities in this province.

Eligible Expenditures

SR&ED activities performed in British Columbia that are eligible for funding through the federal SR&ED program.

Program Deadlines

Claim must be filed within 18 months of year end.

800+

Annual Funding Applications Supported

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Tax Credit Amount

The British Columbia SR&ED tax credit follows the federal SR&ED rules for eligible expenses and activities.

CCPC’s may earn a refundable Investment Tax Credit (ITC) at the rate of 10% on qualified SR&ED expenditures of up to $3 million per annum (expenditure limit);
- A 10% non-refundable tax credit may be claimed by CCPC’s for expenditures in excess of the expenditure limit; and
- The expenditure limit is determined on the same basis as the federal expenditure limit.

Other corporations (non-CCPC’s) may claim a 10% non-refundable credit;
The BC SR&ED tax credit is considered government assistance and will reduce the federal pool of deductible SR&ED expenditures and qualified SR&ED expenditures; and
Any unused portion of the tax credit may be carried back 3 tax years and/or carried forward 10 tax years.

Eligible Applicants

The British Columbia SR&ED tax credit is available to corporations and partnerships that have a permanent establishment in British Columbia. The eligibility requirements for the program require that the business is eligible for tax credits through the Federal SR&ED funding program:

Corporations and active members of partnerships (other than specified members), performing either basic research, applied research, or experimental development in British Columbia; and
Applicants should be performing basic or applied research or developing new products, processes, or making incremental improvements to them.

Expenditures incurred by an individual or trust do not qualify.

Accessible Technology Program (ATP)

Eligible Expenditures

The British Columbia SR&ED tax credit follows the federal SR&ED rules for eligible expenses and activities. Many of the expenses shown here are similar to the expenses that the business can get funded through the Federal SR&ED funding program. The BC SR&ED Tax Credit can be stacked with the federal SR&ED program.

Labour: Based on time spent on eligible activities in British Columbia.
Contractors: Portion of contract related to SR&ED performed on the business’ behalf. Must be a Canadian contractor and work must be performed within the province of British Columbia.
Third Party Payments: Payments (money or in-kind) to an entity to carry on SR&ED in the province of British Columbia.
Materials: Materials can be purchased from outside British Columbia but must be used in the prosecution of SR&ED in British Columbia.
Overhead: Calculated using the Proxy (Quick) or Traditional (Detailed) method.

Eligible Expenditures

Program Deadlines

British Columbia offers a tax credit for basic or applied research and development of new or improved products or processes provided you submit a claim for SR&ED within 18 months of the taxation year end in which eligible expenditures were incurred.

To determine whether your business is eligible for benefitting through the Federal or BC provincial SR&ED tax credit program, consider speaking with the Ryan team of Canadian government funding consultants.

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Successfully applying for the right funding program at the right time, focusing on the right topics is no easy challenge. We provide an average 95% time savings to our clients, compared to businesses that apply for funding in-house.

British Columbia Canada SR&ED Tax Credit Programs

Receive Retroactive Research Tax Credits on R&D Projects.