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BC Scientific Research & Experimental Development Tax Credit
BC Scientific Research & Experimental Development Tax Credit
Your real odds
Approval depends on whether your expenditures qualify under the program's definition of scientific research and experimental development, not on how many other companies apply.
There is no application pool or selection committee. Your odds come down entirely to how well your R&D activities and documentation meet Canada Revenue Agency and BC Ministry of Finance standards for eligible work.
Worth knowing
If your expenditures fall below $3 million, the credit is refundable, meaning you receive cash back even in a loss position, and the listing does not specify whether this stacks with the federal SR&ED credit, though both programs use similar eligibility criteria.
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