BC Scientific Research & Experimental Development Tax Credit
If you run a Canadian-owned private company in BC that conducts scientific research & experimental development, you may qualify for a tax credit.
You could get a 10% refundable tax credit of the lesser of:
- Your annual qualifying SR&ED expenses in BC
- The Income Tax Act expenditure limit
Activities must have been carried out in BC before September 1, 2022.
Other conditions apply.