The Scientific Research and Experimental Development (SR&ED) Program is the largest single source of government support for innovation funding in Canada. Administered by Canada Revenue Agency (CRA), the program's mandate is to stimulate R&D by quickly and consistently delivering these incentives to companies that carry out eligible work. SR&ED tax credit claims provide companies with refunds or tax credits based on their eligible SR&ED expenditures, making a positive impact on the bottom line. Tax credits may be able to reduce your tax liability in the current, prior, or future years.