Federal and Provincial Tax Forms List
Bellow is a comprehensive list of Federal and Provincial Tax forms including their links, description, and relevant information.
| Taxpayer Type | Jurisdiction | Schedule Title /Number | Link to Form | Description |
|---|---|---|---|---|
| All Taxpayers | Federal | T661 | Scientific Research and Experimental Development (SR&ED) Expenditures Claim | Form T661 - Scientific Research and Experimental Development (SR&ED) Expenditures Claim must be filed for every SR&ED claim. |
| Corporations | Federal | T2 | Corporation income tax return | The T2 is the mandatory corporate income tax return form which every corporation must file every year. The CRA provides two different T2 returns: 1. T2 Corporation Income Tax Return – This is an 8-page return that can be used by any corporation. 2. T2 Short Return – This is a 2-page return plus three schedules. See Guide T4012, T2 Corporation Income Tax Guide to check if you are eligible to use this return. |
| Corporations | Federal | T2SCH31 | Investment Tax Credit - Corporations | This form must be filled out for all corporations (CCPC's & non-CCPC's) claiming the SR&ED investment tax credit. |
| Individuals & Sole Proprietorships | Federal | T1 | Income Tax and Benefit Return | The T1 is the mandatory form used in Canada by individuals to file their personal income tax return. |
| Individuals & Sole Proprietorships | Federal | T2038(IND) | Investment Tax Credit (Individuals) | This form must be filled out for all sole proprietorships (individuals) claiming the SR&ED investment tax credit. |
| Trusts | Federal | T3RET T3 | Trust Income Tax and Information Return | The T3 Return is the form package used in Canada for trusts to file their income return. You may be required to file a T3 return if income from the trust property is subject to tax and if the trust meets the requirements set forth by the Government of Canada. |
| Partnerships | Federal | T5013 | Partnership Information Return | All partnerships that carry on business in Canada or are Canadian partnerships or specified investment flow-through (SIFT) partnerships, must file a Partnership Information Return |
| Jurisdiction | Schedule Title /Number | Description and Link to Form | Provincial SR&ED Summary | SR&ED Amount | Maximum Refund | Deadline (After Corporate Tax Deadline) |
|---|---|---|---|---|---|---|
| Alberta | AB Sch. 29 | Alberta Innovation Employment Grant (IEG) | The Innovation Employment Grant provides qualified corporations with: An 8% payment for eligible R&D spending carried out in Alberta, up to the corporation’s base level of spending. An enhanced 20% payment for eligible R&D spending that exceeds the corporation’s base spending level. A firm’s base level of spending is determined by calculating the corporation’s average qualifying R&D spending over the previous 2 years. The grant provides benefits on up to $4 million in annual R&D spending. The Innovation Employment Grant is delivered through the corporate tax system and does not follow a formal application process. Eligible corporations will be able to claim the grant when they file their annual corporate tax returns. More can be found on the Government of Alberta Website | 8% or 12% | Maximum credit of $800,000. | 15 months |
| Alberta | AB Sch. 29 LISTING | Listing of IEG projects claimed | This form is submitted along with the Innovation Employment Grant. | |||
| British Columbia | BC Sch. 425 - T666 | British Columbia (BC) Scientific Research and Experimental Development Tax Credit | The British Columbia scientific research and experimental development tax credit is administered by the Canada Revenue Agency (CRA) and is refundable for Canadian-controlled private corporation (CCPC)s up to 10% of the lesser of the qualified BC expenditures or the expenditure limit (maximum of $300,000). A non-refundable credit is available for CCPCs with qualified expenditures over the expenditure limit and qualifying corporations that are not CCPCs. This credit is at a rate of 10% of BC expenditures, less the refundable BC credit and any amount renounced for the year. More information is on the British Columbia website. | 10% | Maximum refundable credit of $300,000. No maximum non-refundable credit. | 18 months |
| Manitoba | MB Sch. 380 | Manitoba Research and Development Tax Credit | The Manitoba research and development tax credit is administered by the CRA. Businesses with permanent establishments in Manitoba can claim 15% of eligible expenditures for research and development carried out in Manitoba. The tax credit for research and development carried on in Manitoba under an eligible contract with a qualifying research institute is fully refundable. When eligible research and development is not undertaken under an eligible contract with an institute, 50% of the tax credit amount is refundable, the rest is non-refundable. More information about claiming SR&ED in Manitoba can be found on the Manitoba business website. | The amount of the credit is equal to 15% of eligible expenditures. When eligible research and development is not undertaken under an eligible contract with an institute, 7.5% of the tax credit amount is refundable, and 7.5% is non-refundable. | No maximum credit. | 12 months |
| Newfoundland and Labrador | NL Sch. 301 | Newfoundland and Labrador Research and Development Tax Credit | The Newfoundland and Labrador research and development tax credit is administered by the CRA and is fully refundable at the rate of 15% of eligible expenditures. More information about claiming SR&ED in Newfoundland and Labrador can be found on the Newfoundland and Labrador Finance website. | 15% | No maximum credit. | 12 months |
| New Brunswick | NB Sch. 360 | New Brunswick Research and Development Tax Credit | The New Brunswick research and development tax credit is administered by the CRA and is 15% refundable on eligible expenditures incurred within New Brunswick. More information about claiming SR&ED in New Brunswick can be found on the New Brunswick website. | 15% | No maximum credit. | N/A |
| Northwest Territories | None |
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| Nova Scotia | NS Sch. 340 | Nova Scotia Research and Development Tax Credit | The Nova Scotia research and development tax credit is administered by the CRA and is fully refundable at the rate of 15% of eligible expenditures. Some more information is on the Nova Scotia Finance website. | 15% | No maximum credit. | 18 months |
| Nunavut | None |
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| Ontario | ON Sch. 508 | Ontario Research and Development Tax Credit | The Ontario research and development tax credit (ORDTC) is administered by the CRA. Qualifying corporations can claim a non-refundable tax credit at 3.5% on eligible scientific research and experimental development expenditures performed in Ontario to reduce their Ontario corporate income tax payable. | 3.5% | No maximum credit. | N/A |
| Ontario | ON Sch. 566 | Ontario Innovation Tax Credit | The Ontario innovation tax credit (OITC) is administered by the CRA. Qualifying corporations can claim a refundable tax credit of 8%, applied to the lesser of the total qualified expenditures on scientific research and experimental development performed in Ontario or the annual expenditure limit. | 8% | Maximum credit of $240,000. | N/A |
| Ontario | ON Sch. 568 | Ontario Business-Research Institute Tax Credit | The Ontario Business Research Institute Tax Credit (OBRITC) is administered by the CRA. Qualifying corporations can claim a 20% refundable tax credit for qualified expenditures on scientific research and experimental development performed in Ontario while under contract with eligible research institutes. The qualified expenditures are capped at $20 million annually, with a maximum tax credit of $4 million. Find more information on Ontario Business Research Institute Tax Credit here. | 20% | Maximum credit of $4 million. | N/A |
| Ontario | ON Sch. 569 | Ontario Business-Research Institute Tax Credit Contract Information | You must complete a copy of Schedule 569, for each eligible contract entered into with an eligible research institute. Find more information on Ontario Business Research Institute Tax Credit here. |
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| Prince Edward Island | None |
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| Québec | RD-222 | Deduction respecting scientific research and experimental development expenditures | For information with respect to Quebec's research and development (R&D) tax credits, please visit the provincial Web site at: Scientific Research and Experimental Development – Quebec (French Only (Seulement en français.)) |
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| Québec | RD-1029.7 | Tax credit for salaries and wages (R&D) | For eligible R&D salaries incurred by the corporation and eligible expenditures incurred under a research contract entered into, the base rate of the tax credit is 14%. This rate may be increased to 30% if the corporation is a Canadian-controlled corporation whose total assets for the preceding taxation year, including that of associated corporations, are $50 million or less. When the company's total assets range from $50 million to $75 million, the 30% rate is reduced on a straight-line basis. The increased rate applies to expenditures limited to $3 million. For information with respect to Quebec's research and development (R&D) tax credits, please visit the provincial Web site at: Scientific Research and Experimental Development – Quebec (French Only (Seulement en français.)) | 14% - 30% | No maximum credit on the base rate,. Maximum credit of $900,000 at the increased rate. | |
| Québec | RD-1029.7.8 | Agreement between associated corporations regarding the expenditure limit (French Only (Seulement en français.)) | For information with respect to Quebec's research and development (R&D) tax credits, please visit the provincial Web site at: Scientific Research and Experimental Development – Quebec (French Only (Seulement en français.)) | |||
| Québec | RD-1029.8.6 | Tax credit for university research or research carried out by a public research centre or a research consortium | For eligible expenses incurred by the corporation in respect of a research contract, the base rate of the tax credit is 14%. This rate may be increased to 30% if the company is a Canadian-owned company with total assets for the previous tax year, including associated companies, is 50 million or less. When the company's total assets range from $50 million to $75 million, the 30% rate is reduced on a straight-line basis. The increased rate applies to expenses limited to $3 million, even if the corporation applies for the tax credit in respect of more than one research contract. For information with respect to Quebec's research and development (R&D) tax credits, please visit the provincial Web site at: Scientific Research and Experimental Development – Quebec (French Only (Seulement en français.)) | 14% - 30% | No maximum credit on the base rate. Maximum credit of $900,000 at the increased rate. | |
| Québec | RD-1029.8.9.03 | Tax credit for fees and dues paid to a research consortium | The corporation may claim a tax credit of 14%. This rate may be increased to 30% if the company is a Canadian-owned company with total assets for the previous tax year, including associated companies, is 50 million or less. When the company's total assets range from $50 million to $75 million, the 30% rate is reduced on a straight-line basis. The increased rate applies to expenditures limited to $ 3 million. For information with respect to Quebec's research and development (R&D) tax credits, please visit the provincial Web site at: Scientific Research and Experimental Development – Quebec (French Only (Seulement en français.)) | 14% - 30% | No maximum credit on the base rate. Maximum credit of $900,000 at the increased rate. | |
| Québec | RD-1029.8.16.1 | Tax credit for private partnership pre-competitive research | For eligible expenses incurred by the corporation in respect of a partnership agreement entered into after that day (or the renewal or extension of a partnership agreement entered into after that day), the basic tax credit is 14%. This rate may be increased to 30% if the company is a Canadian-owned company with total assets for the previous tax year, including associated companies, is 50 million or less. When the company's total assets range from $50 million to $75 million, the 30% rate is reduced on a straight-line basis. The increased rate applies to expenses limited to $ 3 million, even if the corporation applies for the tax credit in respect of more than one partnership agreement. For information with respect to Quebec's research and development (R&D) tax credits, please visit the provincial Web site at: Scientific Research and Experimental Development – Quebec (French Only (Seulement en français.)) | 14% - 30% | No maximum credit on the base rate. Maximum credit of $900,000 at the increased rate. | |
| Saskatchewan | SK Sch. 403 | Saskatchewan Research and Development Tax Credit | The Saskatchewan research and development tax credit is administered by the CRA. Eligible expenditures up to $1 million for Canadian-controlled private corporations , except for tax exempt corporations, qualify for a 10% refundable tax credit. Expenditures over the limit are at a non-refundable rate of 10%. For other corporations, the Saskatchewan tax credit remains a non-refundable tax credit at the rate of 10% on eligible expenditures incurred in Saskatchewan. More information about claiming SR&ED in Saskatchewan can be found on the Saskatchewan website. | 10% | CCPC's: Maximum refundable credit of $100,000, and no maximum non-refundable credit. Non-CCPCs: No maximum credit, but are only eligible for non-refundable credits. | N/A |
| Yukon | YT Sch. 442 | Yukon Research and Development Tax Credit | The Yukon research and development tax credit is administered by the CRA and is refundable at the rate of 15% of eligible expenditures. An additional 5% is available on amounts paid or payable to the Yukon University. | 15% | No maximum credit. | 12 months |
| The CRA has also created a summary of provincial and territorial research & development (R&D) tax credits. | ||||||
Information within this list is subject to change.