SR&ED Tax Credit Statistics

Discussion of SR&ED tax credits by industry, claim types and region from 2007 onwards.

TOTAL CLAIMSSR&ED claims processedVariance 
YearClaimsITC's ('000's)ClaimsITC's
202119,783$4,277,0111.0%40.4%* 11 months
202019,595 $3,046,754 -0.2%-5.4%*
201919,632 $3,219,591 -1.1%1.3%
201819,855 $3,177,717 -4.8%-1.7%
201720,867 $3,231,128 -8.6%-18.8%
201622,839 $3,979,168 -6.0%-5.5%
201524,302 $4,211,057 -4.0%-3.5%
201425,312 $4,361,819 -11.2%16.5%*
201028,518 $3,743,200 27.5%-8.3%
200722,370 $4,081,256
2014 to 2020 changes-22.6%-30.1%*
2014 to 2021 changes-21.9%-1.9%*
Source: CRA Redbook
Analysis By Type Of Claimant 2007 - 2020    
SR&ED claim intakeYear end Mar 31, 2007Year end Mar 31, 2020Variance 2007-2020
ClaimsITC'sClaimsITC'sClaimsITC's
National22,640 $4,081,256 19,595 $3,046,754 -13.4%-25.3%
Refundable (35%)12126 $1,094,970 12069 $1,363,208 -0.5%24.5%
Refundable TPR (35%)4724 $220,968 2805 $149,665 -40.6%-32.3%
Non-Refundable (20/15%)*3635 $2,219,760 3466 $1,142,062 -4.6%-48.6%
Non-Refundable TPR (20/15%)*1779 $512,599 1424 $311,680 -20.0%-39.2%
Other376 $32,959 195 $80,138 -48.1%143.1%
* ITC rate 20% to 15% years > 2013
Source: CRA Redbook
2020 vs. 2021 Year end Mar 31, 202011 mo end Feb 28, 2021Variance   
ClaimsITC'sClaimsITC'sClaimsITC's
National19,959$3,046,75419,783$4,277,011-0.9%40.4%
Refundable (35%)12,069$1,363,20812,615$1,655,2994.5%21.4%
Refundable TPR (35%) 2,805$149,6653,319$211,03718.3%41.0%
Non-Refundable (15%)3,466$1,142,0622,617$1,902,907-24.5%66.6%
Non-Refundable TPR (15%)1,424$311,6801,101$365,157-22.7%17.2%
Other195$80,138131$142,610-32.8%78.0%
Source: CRA Redbook

 

Discussion by

David Sabina & Russ Roberts

GOVERNMENT

R&D FUNDING

Canada vs. World 2020 (OECD)