I have an unsuccessful R&D project. Can I still claim a SR&ED tax credit, even though it failed?

Yes. You can submit claims for failed, abandoned or delayed projects, as long as your company has gained knowledge for creating a technological or scientific advance. Failure is often encountered when innovating. Some companies are able to persevere until they find a solution but others might not have the resources to continue or realise it’s not worth continuing. These outcomes can all qualify for SR&ED.

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