Alberta SR&ED is here!


The Alberta budget was released on April 22, 2008 and introduced the long awaited provincial Scientific Research and Experimental Development (SR&ED) refundable tax credit.  The program will initially provide $60 million towards building knowledge-based industry, growing over time as businesses undertake more research and development.


This refundable credit is worth 10% of eligible expenditures on research and development starting on January 1, 2009.  Eligible expenditures up to $4 million will receive a maximum annual credit of $400,000.

The Alberta SR&ED investment tax credit is refundable for all companies. This will be of special benefit to start-up and early stage companies, because they will still be able to receive the credit even though they may not be earning enough income to pay income taxes.


One Response to “Alberta SR&ED is here!”

  1. Nancy Bozek Says:

    All startups should be aware of this funding and gear their companies towards making this claim.

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