Fact sheet

Source URL

http://www.cra-arc.gc.ca/nwsrm/fctshts/2001/m05/sred-rsde-eng.html

Disclaimer

We do not guarantee the accuracy of this copy of the CRA website.

Scraped Page Content

Fact sheet


Archived content

Information identified as archived is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please contact us to request a format other than those available.


Archived

This page has been archived on the Web.


The Scientific Research and Experimental Development Program

May 2001

The SR&ED Program
The Scientific Research and Experimental Development (SR&ED) Program provides tax incentives to Canadian businesses that conduct SR&ED in Canada. The program is intended to encourage businesses to conduct SR&ED that will lead to new, improved, or technologically advanced products or processes. The Canada Customs and Revenue Agency (CCRA), which administers the SR&ED Program, receives more than 11,000 SR&ED tax credit claims per year, for about $1.5 billion.

The SR&ED Action Plan
In 1998, after listening to concerns expressed by industry representatives, the CCRA initiated work to improve its management and delivery of the SR&ED Program. The SR&ED Action Plan was the CCRA's direct response to recommendations made at a two-day SR&ED industry/government conference held in Vancouver in June 1998. The conference had been organized to facilitate industry's participation in improving the SR&ED Program and its administration.

Elements of the SR&ED Action Plan
The key elements of the SR&ED Action Plan were:

  • focusing the program on the needs of its clients;
  • developing a true partnership and open and ongoing consultation between the CCRA and industry;
  • improving communications to enhance industry understanding of the program and CCRA responsiveness to industry concerns;
  • implementing timely and effective dispute resolution mechanisms;
  • making the SR&ED Program more independent, and focusing on science, technology and incentives;
  • establishing a steering committee to oversee implementation of the Action Plan;
  • establishing sector-specific committees to clarify SR&ED issues and to develop interpretation guidelines;
  • streamlining the review process; and
  • implementing ongoing joint industry and CCRA training.

This document is also available for download in PDF format.

For media information

Date modified:
2001-05-30