As we celebrate Small Business Week from October 20 to 26, the Canada Revenue Agency (CRA) is here to support Canada’s small business community. This week is dedicated to helping you connect, learn, and grow your business knowledge. We’re excited to share tax resources, tools, and services to help you tackle the challenges of running a business and keeping your tax affairs in check.

Is your business doing research and development (R&D) work in Canada? Getting all of the Scientific Research and Experimental Development (SR&ED) tax incentives to which your business may be entitled is not only top of mind for you, but for the Canada Revenue Agency (CRA) as well.

During Small Business Week 2022, the Canada Revenue Agency (CRA) is celebrating small businesses and recognizing their contributions to the growth of our economy. The Agency is working hard, every day, to improve its services. We know that businesses are still facing continuing challenges as they work to rebuild since the onset of the pandemic. We are here to help. Here are some new and existing CRA services that can support you and your small business now and in the future.

Have you or your business been approached by a third party offering to apply for Scientific Research and Experimental Development (SR&ED) tax incentives on your behalf? The Canada Revenue Agency (CRA) has observed a recent increase in SR&ED claims containing false and/or non-compliant information. The CRA is advising you to be cautious if you receive an unsolicited offer to help you claim SR&ED investment tax credits.

The Canada Revenue Agency (CRA) has launched re-designed Scientific Research and Experimental Development (SR&ED) Tax Incentive Program web pages to make it easy for you to find the information you need to claim SR&ED investment tax credits.

We have also updated our interactive Self-Assessment and Learning Tool (SALT), so you can determine whether your research and development (R&D) work could qualify for investment tax credits and your potential claim amount.