Is your business engaged in scientific research and experimental development (SR&ED)? The Canada Revenue Agency (CRA) offers tax incentives to help you reduce the income tax you must pay and to support your innovation journey. As of April 1, 2026, eligible businesses can take advantage of the new Pre-claim approval process as they plan their research and development projects. The Canada Strong Budget 2025 introduced this initiative, which provides early certainty, streamlines the application process, and builds a direct relationship between claimants and the CRA.
Click here to learn more.
Information source from Canada Revenue Agency (CRA)