Contact Chris Stevens / cstevens@iwasan.com 1-866-497-2811 In addition to the Federal Government's SR&ED program, several provinces also offer incentives for research and development. Often the incentives are based on the SR&ED qualifying expenditures, and generally, the credit/refund is administered by CRA therefore eliminating the need to apply to two government departments. Ontario and Quebec tax credits are accessed by filing provincial tax returns of these provinces. For more information about provincial incentives, please feel free to contact one of Iwasan's consultants. British Columbia BC offers a 10% refundable tax credit on expenditures for qualifying SR&ED carried out in the province. Ontario Ontario offers a refundable Ontario Innovation Tax Credit (OITC), a 8% refundable tax credit available to all companies that perform SR&ED in Ontario and a 3.5% tax credit. Manitoba Manitoba offers a 15% tax credit for qualifying expenditures incurred in Manitoba. Saskatchewan Saskatchewan offers a 10% refundable tax credit for qualifying expenditures incurred in Saskatchewan. New Brunswick New Brunswick offers a 15% tax credit for qualifying expenditures incurred in New Brunswick. Nova Scotia Nova Scotia offers a 15% refundable tax credit for qualifying R&D expenditures incurred by a taxpayer with a permanent establishment in Nova Scotia for R&D to be carried out in Nova Scotia. Newfoundland and Labrador These provinces offer a 15% refundable tax credit for qualifying R&D expenditures incurred by a taxpayer with a permanent establishment in Newfoundland for R&D carried out in Newfoundland. Yukon Yukon offers a 15% refundable tax credit, 20% refundable if it is Yukon College doing your research. Return to top

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