Bill C-15 received Royal Assent on March 26, 2026, raising the SR&ED enhanced 35% refundable tax credit's annual expenditure limit from $3 million to $6 million and widening the taxable-capital phase-out range to $15M-$75M. Qualifying Canadian-controlled private corporations can now recover up to $2.1 million per year in refundable cash on R&D spend, for tax years beginning after December 15, 2024.
Home › Founders News › Taxes & Grants
Canada doubles SR&ED enhanced credit limit to $6M, up to $2.1M cash back
Why this matters for founders
R&D-heavy founders should re-scope their SR&ED claim to the new $6M limit and, if previously phased out on taxable capital, re-check eligibility against the $15M-$75M range to unlock materially more non-dilutive cash back.
Related updates
More that helps you.
Sweden proposes to broaden R&D employer-fee relief (FoU-avdrag) and expert tax from 2027
In a lagradsremiss published June 11, 2026, the Swedish government proposes scrapping the rule that an employee must work at least 15 hours/month on R&D to qualify for the FoU-avdr…
NZ Budget 2026: R&D Tax Incentive adds in-year payments, cuts software cap
In Budget 2026 (announced 28 May 2026), the NZ Government is changing the Research and Development Tax Incentive to introduce in-year payments, so businesses receive the 15% R&D ta…
Budget 2026 slashes RDTI internal-software cap from $25m to $3m, adds in-year payments
Budget 2026 (delivered 28 May 2026) cuts the R&D Tax Incentive cap on non-administrative internal software from $25 million to $3 million per year, saving the Crown about $87 milli…
ATO R&D Tax Incentive overhaul: $50M threshold, no 'supporting' activities from 2028
The May 2026 Federal Budget delivered the biggest R&D Tax Incentive reform since 2021, confirmed on the ATO site (published 12 May 2026). From 1 July 2028 the refundable-offset tur…
Get briefs like this tuned to you.
In the app, Founder Briefs are personalized to your country, industry and stage, and you can save the ones that matter.
See plans →
Keep exploring
Related across the site
ToolGustoGusto runs full-service payroll for US businesses, handling paychecks, tax filing, and direct deposit, plus benefits, onboarding, and contractor payments. It automates federal, state, and local payroll tax compliance.Term409A ValuationAn independent appraisal of a private company's common stock, used to set the strike price for employee stock options in the US.TermLLC vs. C-CorpThe two most common US business structures: an LLC offers pass-through tax and flexibility; a C-corp is standard for raising venture capital.Case studyReginald F. LewisTLC Beatrice InternationalChecklistFile business taxes with TurboTax, soloWalk through a calm TurboTax filing for your business: gather records, claim honest deductions, avoid red flags, and know exactly when a pro is worth it.ChecklistFind real grants and free business helpGovernments offer loans, grants, and free advisors that most founders never claim. This checklist shows where the real support is and how to apply without wasting weeks.