2025 marked one of the most consequential years for SR&ED in over a decade, particularly for Alberta-based innovators. Against a backdrop of economic resilience, major federal program changes, and rapid adoption of AI and clean technologies, Alberta companies faced both new opportunities and new complexities in how they plan, document, and defend SR&ED claims.
The proposed return of Capital, Lease, and Rental expense as eligible expenditures to the SR&ED program will have a tangible positive impact on Alberta innovators, particularly those doing field trials & pilot projects.
As companies tackle more ambitious projects, innovation in downhole tooling is essential to overcome extreme conditions and achieve operational success. This blog explores the complexities of developing downhole tools and how groundbreaking R&D can drive progress in the industry—potentially unlocking valuable funding opportunities like Scientific Research and Experimental Development (SR&ED) tax incentives.
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