Can non-Canadian companies with operations in Canada qualify for SRED Tax Credits?

Can non-Canadian companies with operations in Canada qualify for SRED Tax Credits? Can non-Canadian companies with operations in Canada qualify for SRED Tax Credits?

1 Expert Answer

Joshua Smith

CPA, CA, Partner,  Welch LLP

SR&ED in Canada is not limited to Canadian companies, provided a company has a permanent establishment in Canada it can qualify. These corporations are unlikely to receive the enhanced refundable tax credits but can still qualify for the non-refundable 15% federal tax credit as well as provincial tax credits where applicable.

Answers by Welch LLP

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