Alberta Scientific Research and Experimental Development Tax Credit
Alberta's Action Plan
This three year plan of wide ranging coordinated actions aims to create sustainable knowledge-based jobs and opportunities for Albertans in our advanced technology sectors. Read more about Alberta's Action Plan...
The Alberta Scientific Research and Experimental Development (SR&ED) tax credit benefits businesses of all sizes and in all sectors that conduct research and development that will lead to new, improved or technologically advanced products or processes.
Value
The credit is worth 10 per cent of a company's eligible expenditures up to $4 million, for a maximum credit of $400,000. It will be refundable for all companies.
Eligibility
The credit is for all expenditures incurred after December 31, 2008 that are also eligible for the federal Scientific Research and Experimental Development Credit.
The Alberta SR&ED tax credit is over and above the federal SR&ED credit, helping the research and development investments made by Alberta companies go further.
Because the credit is refundable, start-up and early-stage companies will still be able to benefit from the credit even if they are not yet earning enough income to pay income taxes.
The Alberta Scientific Research and Experimental Development (SR&ED) tax credit is a key action in Alberta's Action Plan: Bringing Technology to Market, a provincial strategy to build a next generation economy in Alberta through technological innovation and the development of value-added sectors.
Contact Us
If you have questions about the SR&ED program, please contact Alberta Finance and Enterprise at:
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Mail: |
Tax and Revenue Administration |
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Phone: |
780-427-3044 - Monday to Friday, 8:15 a.m. to 4:30 p.m. |
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Fax: |
780-422-3770 |
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Email: |
Additional Information
- Questions and Answers about Alberta's SR&ED tax credit
- News release about Alberta's SR&ED tax credit
Current as of: Thursday, December 18, 2008
Maintained by: Innovation Support Services, Technology Commercialization Division
