The SR&ED Program
The Scientific Research and Experimental Development Program (SR&ED) is a tax incentive program offered by the Canadian government to companies who innovate. The goal of the program is to build a climate of innovation through experimentation and technological advancement for the benefit of all Canadians.
Although SR&ED is managed by the CRA most Canadian provinces also have tax incentives for R&D. Depending on your province of residence the provincial credits can also be quite significant.