Bill C-15 Updates SR&ED Enhanced Credit Limits
Summary
Bill C-15 increased SR&ED enhanced-credit expenditure limits and broadened access for tax years beginning after December 15, 2024.
After Bill C-15 received Royal Assent on March 26, 2026, the CRA reported that the maximum annual expenditure limit for the enhanced 35% SR&ED investment tax credit increased from $3 million to $6 million. The taxable-capital phase-out range increased from $15 million to $75 million, and eligible Canadian public corporations gained access to the enhanced credit. The changes apply to tax years that begin after December 15, 2024; eligibility and claim outcomes remain subject to the SR&ED rules. Next action: confirm the start date of the relevant tax year, review the CRA's updated forms and guidance, and obtain professional advice where the revised limits or corporate status could affect a claim.