Scientific Research and Experimental Development (SR&ED) tax incentives
Annual program statistics
Annual statistics on the SR&ED tax incentives program.
The SR&ED tax incentives program is the largest Government of Canada program supporting research and development in Canada.
April 1, 2023 to March 31, 2024
April 1, 2023 to March 31, 2024
Claims that we process in a fiscal period may have been filed in a prior fiscal period. As a result, they may exceed the claims filed in that fiscal period in quantity and investment tax credits.
The data included on this page comes from the Compliance Programs Branch’s Integras case management system and may not match with the Canada Revenue Agency’s assessing systems due to keying errors.
SR&ED claims
- Filed
- 21,524
- Processed
- 21,537
Acceptance rates of SR&ED claims
- 91% approved or accepted as filed
- 6% accepted after modifications
- 3% denied
Investment tax credits (ITCs)
- Claimed
- $4.4 billion
- Allowed
- $4.2 billion
Service standards
- 92.6% of claims accepted as filed during workload selection were processed within 60 days
- 94.1% of refundable claims selected for service or review were processed within 180 days
Percentage of total ITCs allowed by field of science
Image description
Bar chart indicating percentage of total investment tax cedits allowed by field of science. Software development 39.3%, Electrical engineering 15.6%, Mechanical engineering 12.3%, Medical sciences and engineering 11.6%, Chemistry or chemical engineering 7.3%, Materials engineering 6.4%, Earth sciences - environmental 3.0%, Agricultural sciences 2.2%, Food processing 1.6%, Civil 0.6%, Other or not available 0.1%.
Percentage of total processed claims based on gross income of business
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Pie chart showing percentage of total processed claims based on gross income of business. 64% of claims come from small businesses that make less than $4 million. 21% of claims come from small to medium-sized businesses that make $4 million to $20 million. 12% of claims come from medium-sized businesses that make $20 million to $250 million. 3% of claims come from large businesses that make more than $250 million.
Percentage of total ITCs allowed based on gross income of business
Image description
Pie chart showing the percentage of investment tax credits allowed based on gross income of business. 32% of credits allowed go to small businesses that make less than $4 million. 22% of credits allowed go to small to medium-sized businesses that make $4 million to $20 million. 20% of credits allowed go to medium-sized businesses that make $20 million to $250 million. 26% of credits allowed go to large businesses that make more than $250 million.
Percentage of total ITCs allowed based on claim refundability
Image description
Pie chart showing the percentage of Investment Tax Credits allowed based on claim refundability. 57% refundable, 43% non-refundable.
April 1, 2022 to March 31, 2023
April 1, 2022 to March 31, 2023
Claims that we process in a fiscal period may have been filed in a prior fiscal period. As a result, they may exceed the claims filed in that fiscal period in quantity and investment tax credits.
The data included on this page comes from the Compliance Programs Branch’s Integras case management system and may not match with the Canada Revenue Agency’s assessing systems due to keying errors.
SR&ED claims
- Filed
- 20,464
- Processed
- 20,079
Acceptance rates of SR&ED claims*
- 91% approved or accepted as filed
- 6% accepted after modifications
- 4% denied
* Numbers do not add up to 100% due to rounding
Investment tax credits (ITCs)
- Claimed
- $3.8 billion
- Allowed
- $3.6 billion
Service standards
- 94% of claims accepted as filed during workload selection were processed within 60 days
- 95% of refundable claims selected for service or review were processed within 180 days
Percentage of total ITCs allowed by field of science
Image description
Bar chart indicating percentage of total investment tax cedits allowed by field of science. Software development 34.9%, Electrical engineering 21.0%, Mechanical engineering 13.6%, Medical sciences and engineering 11.7%, Chemistry or chemical engineering 6.3%, Earth sciences - environmental 4.7%, Materials engineering 3.8%, Agricultural sciences 1.7%, Food processing 1.4%, Civil engineering 0.9%, Other or not available 0.0%.
Percentage of total processed claims based on gross income of business
Image description
Pie chart showing percentage of processed claims based on gross income of business. 64% of claims come from small businesses that make less than $4 million. 21% of claims come from small to medium-sized businesses that make $4 million to $20 million. 12% of claims come from medium-sized businesses that make $20 million to $250 million. 3% of claims come from large businesses that make more than $250 million.
Percentage of total ITCs allowed based on gross income of business
Image description
Pie chart showing the percentage of investment tax credits allowed based on gross income of business. 32% of credits allowed go to small businesses that make less than $4 million. 22% of credits allowed go to small to medium-sized businesses that make $4 million to $20 million. 20% of credits allowed go to medium-sized businesses that make $20 million to $250 million. 26% of credits allowed go to large businesses that make more than $250 million.
Percentage of total ITCs allowed based on claim refundability
Image description
Pie chart showing the percentage of investment tax credits allowed based on claim refundability. 57% refundable, 43% non-refundable.
April 1, 2021 to March 31, 2022
April 1, 2021 to March 31, 2022
Claims that we process in a fiscal period may have been filed in a prior fiscal period. As a result, they may exceed the claims filed in that fiscal period in quantity and investment tax credits.
The data included on this page comes from the Compliance Programs Branch’s Integras case management system and may not match with the Canada Revenue Agency’s assessing systems due to keying errors.
SR&ED claims
- Filed
- 20,332
- Processed
- 20,317
Acceptance rates of SR&ED claims
- 91% approved or accepted as filed
- 6% accepted after modifications
- 3% denied
Investment tax credits (ITCs)
- Claimed
- $3.4 billion
- Allowed
- $3.3 billion
Service standards
- 98% of claims accepted as filed during workload selection were processed within 60 days
- 98% of refundable claims selected for service or review were processed within 180 days
Percentage of total ITCs allowed by field of science
Image description
Bar chart indicating investment tax cedits allowed by field of science. Software development 35.7%, Electrical engineering 18.0% Mechanical engineering 14.5%, Medical sciences and engineering 11.5%, Chemistry or chemical engineering 8.0%, Materials engineering 4.5%, Earth sciences - environmental 3.5%, Agricultural sciences 1.9%, Food processing 1.5%, Civil engineering 0.8%, Other or not available 0.0%.
Percentage of total processed claims based on gross income of business
Image description
Pie chart showing percentage of total processed claims based on gross income of business. 64% of claims come from small businesses that make less than $4 million. 21% of claims come from small to medium-sized businesses that make $4 million to $20 million. 12% of claims come from medium-sized businesses that make $20 million to $250 million. 3% of claims come from large businesses that make more than $250 million.
Percentage of ITCs allowed based on gross income of business
Image description
Pie chart showing the percentage of investment tax credits allowed based on gross income of business. 32% of credits allowed go to small businesses that make less than $4 million. 24% of credits allowed go to small to medium-sized businesses that make $4 million to $20 million. 21% of credits allowed go to medium-sized businesses that make $20 million to $250 million. 23% of credits allowed go to large businesses that make more than $250 million.
Percentage of total ITCs allowed based on claim refundability
Image description
Pie chart showing the percentage of investment tax credits allowed based on claim refundability. 58% refundable, 42% non-refundable.
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