Northwest Territories – SR&ED Tax Credits
Northwest Territories does not have a provincial R&D tax credit program. However, companies, partnerships and individuals in this province may still receive the federal credit. R&D expenditures claims for SR&ED Income Tax Credits from Canada are not subject to a government assistance reduction arising from the provincial tax credit.
The federal credit rate is 35% for Canadian-controlled Private Corporations (CCPCs) and 15% for foreign-controlled corporations and other corporations who are not eligible for CCPC status.