CRA Revises SR&ED Capital Expenditures Policy

The CRA's June 29, 2026 revision says SR&ED capital expenditures made after December 15, 2024 may qualify for SR&ED tax incentives. The policy clarifies that qualifying depreciable property must have been acquired after that date and sets out the intent, use, and documentation considerations that apply. It also distinguishes property that may not be claimed, including non-depreciable property and most buildings. Next action: inventory relevant acquisitions by date, retain records of the intended SR&ED use, and compare each item with the CRA policy before including it in a claim.