Fact or Fiction: We Already Get Funding from Another Program so Can’t Claim SR&ED!

A lot of times the funding that you get from other programs don’t cover the same areas of business as the SRED program covers. In the instances where you are getting a grant, loan or reimbursement for something R&D related you need to remember one thing: you cannot double dip for funding. Some examples are as follows:

  • If a funding program covers labour of those working on the same work that you would be claiming for the SR&ED program, then you would not be able to claim that labour – but you would still be able to claim the materials used, etc.
  • If you’re getting funding from a program that covers equipment used for R&D, then you would still be able to claim labour, overhead, etc.
  • And, if you’re getting funding from a program that covers marketing aspects, then that has absolutely no effect on your SR&ED claim, as marketing doesn’t qualify for the SR&ED program.

NorthBridge Consultants’ Canadian Business Blog is dedicated to bringing businesses news and information to help them identify and access the most appropriate government funding programs.

We offer opinions and insider information that can provide a pulse on government initiatives, the health of the Canadian economy, and firsthand thoughts from Canadian business owners.

Related Posts

9 Fintech Startups Advancing Finance Management

Funding & Resources to Offset Tariff Impacts – What You Need to Know

Popular Programs: