{"id":2017,"date":"2024-04-04T17:45:40","date_gmt":"2024-04-04T17:45:40","guid":{"rendered":"https:\/\/leyton.majjane.agency\/ca\/post\/is-the-sred-program-changing\/"},"modified":"2024-04-04T17:45:40","modified_gmt":"2024-04-04T17:45:40","slug":"is-the-sred-program-changing","status":"publish","type":"article","link":"https:\/\/leyton.com\/ca\/en\/insights\/articles\/is-the-sred-program-changing\/","title":{"rendered":"Is the SR&ED Program Changing?"},"content":{"rendered":"

The Canadian government has embarked on a significant initiative to revitalize the landscape of research and development (R&D) with the launch of consultations on the Scientific Research and Experimental Development (SR&ED) program<\/strong>. This move, announced on January 31, 2024, underscores a commitment to enhance Canadian innovation and retain intellectual property within the country.<\/p>\n

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The SR&ED Program We Know Now:<\/h2>\n
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Since its inception, the SR&ED program<\/strong> has been pivotal in fostering innovation across Canada. Originating from post-WWII efforts to spur productivity and innovation, the program has evolved into the primary federal initiative supporting business R&D, disbursing over $3 billion annually<\/strong> to more than 20,000 claimants<\/strong>. Administered by the Canada Revenue Agency (CRA), SR&ED stands as a cornerstone of federal funding for innovation.<\/p>\n

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The Problem with SR&ED<\/h2>\n
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Recent amendments to SR&ED<\/a><\/strong> guidelines in 2021 marked a significant shift, prompting claimants to adapt to a revamped framework. The replacement of traditional eligibility criteria with a “Why” and “How” test posed challenges, leading to a call for clarity and alignment with historical standards.<\/p>\n

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The push for SR&ED program<\/strong> review gained momentum with the government’s commitment outlined in the 2022 Federal budget. The subsequent announcement on December 19, 2023, solidified this commitment, emphasizing a cost-neutral modernization to better align the program with broader national objectives.<\/p>\n

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\"SR&ED<\/figure>\n
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Which Aspects are Under Revision?<\/h2>\n
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The Department of Finance invites stakeholders to weigh in on critical aspects of SR&ED program<\/strong> enhancement, including but not limited to:<\/p>\n

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