What is the SR&ED?

The Scientific Research and Experimental Development (SR&ED) Program is a federal government program which aims to encourages research and development by providing tax-based incentives.

By using producer check-off contributions to finance research and development work that benefits Saskatchewan barley producers, SaskBarley is able to participate in this program and distribute these tax-based incentives to producers.

The program gives registered barley producers access to investment tax credits (by means of cash refunds and/or reduction to taxes payable) for their check-off contributions that are spent on qualifying research.

2018 rates

For the 2018 crop year (August 1, 2017 to July 31, 2018), producers are able to claim 7.97% of their check-off contributions as a qualifying SR&ED expenditure on their federal tax return. 

  • Investment tax credits may be claimed by filing form T2038 (IND) for farm individuals or T2SCH31 for farm corporations.

Farm corporations are able to claim 17.64% of their check-off contributions as a qualifying expenditure towards the Saskatchewan Research and Development Tax Credit program.

  • This credit may be claimed by filing form T2SCH403.

Please note: Producers that have requested a refund of their check-off are not eligible for either tax credit.

More information about the SR&ED

Federal Government SR&ED Tax Incentive Program

Provincial Government SR&ED Tax Incentive Program

For information on the SR&ED tax credit for other Saskatchewan crops, please visit the websites of the respective groups.