Value35% refundable ITC on up to CAD $6M/yr of qualified R&D for CCPCs and now eligible public corporations (expenditure limit doubled and eligibility widened by Bill C-15, Royal Assent 3/26/2026); 15% non-refundable base rate otherwise; capital expenditures eligible again for property acquired on/after 12/16/2024
DeadlinesClaim with the T2 return (Form T661) within 18 months of tax year end
RequirementsSystematic investigation resolving scientific/technological uncertainty carried out in Canada; contemporaneous project documentation; Form T661; capital property >=90% used for SR&ED
Caveatsenhanced-rate phase-out thresholds raised to $15M-$75M taxable capital; CRA reviews are documentation-heavy; canada.ca page blocks automated fetch — terms verified via 2026 advisor analyses
Last verified2026-08-23