SR&ED Tax Credit Statistics
Discussion of SR&ED tax credits by industry, claim types and region from 2007 onwards.
| TOTAL CLAIMS | SR&ED claims processed | Variance | |||
|---|---|---|---|---|---|
| Year | Claims | ITC's ('000's) | Claims | ITC's | |
| 2021 | 19,783 | $4,277,011 | 1.0% | 40.4% | * 11 months |
| 2020 | 19,595 | $3,046,754 | -0.2% | -5.4% | * |
| 2019 | 19,632 | $3,219,591 | -1.1% | 1.3% | |
| 2018 | 19,855 | $3,177,717 | -4.8% | -1.7% | |
| 2017 | 20,867 | $3,231,128 | -8.6% | -18.8% | |
| 2016 | 22,839 | $3,979,168 | -6.0% | -5.5% | |
| 2015 | 24,302 | $4,211,057 | -4.0% | -3.5% | |
| 2014 | 25,312 | $4,361,819 | -11.2% | 16.5% | * |
| 2010 | 28,518 | $3,743,200 | 27.5% | -8.3% | |
| 2007 | 22,370 | $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 intake | Year end Mar 31, 2007 | Year end Mar 31, 2020 | Variance 2007-2020 | |||
| Claims | ITC's | Claims | ITC's | Claims | ITC's | |
| National | 22,640 | $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% |
| Other | 376 | $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, 2020 | 11 mo end Feb 28, 2021 | Variance | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Claims | ITC's | Claims | ITC's | Claims | ITC's | ||||
| National | 19,959 | $3,046,754 | 19,783 | $4,277,011 | -0.9% | 40.4% | |||
| Refundable (35%) | 12,069 | $1,363,208 | 12,615 | $1,655,299 | 4.5% | 21.4% | |||
| Refundable TPR (35%) | 2,805 | $149,665 | 3,319 | $211,037 | 18.3% | 41.0% | |||
| Non-Refundable (15%) | 3,466 | $1,142,062 | 2,617 | $1,902,907 | -24.5% | 66.6% | |||
| Non-Refundable TPR (15%) | 1,424 | $311,680 | 1,101 | $365,157 | -22.7% | 17.2% | |||
| Other | 195 | $80,138 | 131 | $142,610 | -32.8% | 78.0% | |||
| Source: CRA Redbook | |||||||||
Discussion by
David Sabina & Russ Roberts