BC Scientific Research & Experimental Development Tax Credit

Tax credit for R&D in British Columbia

The scientific research and experimental development (SR&ED) tax credit is for qualifying corporations that carry on SR&ED in B.C. before September 1, 2027. Refundable and non-refundable tax credits may be claimed by qualifying corporations and Canadian-controlled private corporations (CCPCs).

1. Verify your corporation's eligibility for the BC SR&ED tax credit 2. Gather all necessary documentation related to your SR&ED expenditures 3. Complete Form T666, British Columbia Scientific Research and Experimental Development Tax Credit 4. Prepare your T2 Corporation Income Tax Return, including Schedule 5, Tax Calculation Supplementary – Corporations 5. Enter the refundable credit amount on line 674 and the non-refundable credit amount on line 659 of Schedule 5 6. Submit your completed T2 Corporation Income Tax Return and Form T666 to the Canada Revenue Agency 7. Ensure that the claim is made no later than 18 months after the end of the tax year in which the qualified expenditures were incurred