SR&ED Program is the Scientific Research and Experimental Development program. This program is designed for Canadian businesses to encourage them to participate in research and development which in hope that it will lead to advanced products and improved technologies. The federal government has made many contributions to this program and it is one of the largest supports for the industrial research and development.
Wages, materials, machinery, equipment, some overhead and SR&ED contracts can be used as tax credits.
Note: CRA is responsible for running the program and the Department of Finance is responsible for the legislation regarding the program