** The measures presented in this table take into account measures announced as of the date of publication including certain measures which cannot be administered by the tax authorities on that date.

1. Ceilings are based on the preceding year and applicable to the group of associated corporations. Alberta, British Columbia, Manitoba, Newfoundland and Labrador, Nova Scotia, Saskatchewan and Yukon also have SR&ED credits.
2. Unused credits may be carried back three years or forward 20 years.
3. Applicable to taxation years beginning after December 15, 2024 for eligible Canadian public corporations.
4. Applicable to taxation years beginning after December 15, 2024 ($3M before this date). The ceiling is progressively eliminated for CCPCs when the taxable capital used in Canada is between $15M and $75M (between $10M and $50M for taxation years beginning before December 16, 2024). The ceiling is progressively eliminated for eligible Canadian public corporations (and for CCPCs that elect to use this method) when the average gross revenue for the previous three taxation years is between $15M and $75M (and will be shared between the members of a group that prepares consolidated financial statements).
5. Applicable to new property acquired after December 15, 2024 (capital expenditures not eligible for the credit before December 16, 2024). This excludes land, buildings, leasehold interests and a right to use a building.
6. 0% if taxable income is greater than $500,000 or when the taxable capital used in Canada exceeds $75M (or other conditions). 0% for a corporation other than a CCPC.
7. The refundable tax credit for SR&ED, innovation and pre-commercialization (CRIC) replaced the various Quebec measures previously applicable to SR&ED for taxation years beginning after March 25, 2025. An excluded expenditures threshold of $50,000 per year applies to this credit. Prior to this date, an excluded expenditures threshold varying from $50,000 to $225,000 applied annually, based on the claimant company’s total asset value for the preceding taxation year.
8. The $1M ceiling is reduced by the excluded expenditures threshold, regardless of the corporation’s assets for a taxation year beginning after March 25, 2025 (an enhanced rate of 30% applies to the first $3M of eligible expenditures before this date and the rate is gradually reduced from 30% to 14% when the group’s global assets are between $50M and $75M).
9. 14% for a taxation year beginning before March 26, 2025.
10. Other credit offered in Ontario: the Ontario Business Research Institute Tax Credit.
11. The limit is progressively eliminated when taxable income is between $500,000 and $800,000 or the taxable capital used in Canada is between $25M and $50M.