Which Industries Qualify for the SR&ED Tax Incentive?
One of the major barriers for companies claiming the Scientific Research and Experimental Development (SR&ED) Program is self-censorship and a misconception over what industries qualify. However, it can often come as a surprise when businesses learn just how many different industries are in fact eligible for R&D credits. Ultimately, these federal and state tax credits offer a viable opportunity to transform R&D expenses (developing new or improved products, processes or software) to valuable R&D tax credits.
Undeniably, a common misbelief surrounding the R&D tax credit is that only large corporations qualify and that it’s too complex to apply for.
In light of this, we’ve put together an infographic which indicates which industries qualify for the SR&ED Tax Incentive below. Alternatively, you can download the PDF to print or save here: Qualifying Industries for the SR&ED Tax Incentive.