SR&ED tax credits are a federal incentive offered by the Canada Revenue Agency to encourage innovation across industries. Businesses conducting eligible R&D work—such as creating new technologies, improving processes, or solving technical challenges—can claim a portion of their expenses back through these credits. The program covers salaries, materials, subcontractor costs, and more. Available to startups and large corporations alike, SR&ED tax credits are a powerful tool to offset development costs and reinvest in growth. Accurate documentation and strategic planning are essential to making a successful claim, and many companies benefit from the guidance of experienced SR&ED professionals.