• The general SR&ED tax credit rate (intended to corporations whose profits exceed $800,000 and to public corporations) will go from 20% to 15% for the imposition years ending after 2013.
• From January 1st, 2014, the capital expenditures (such as machinery, computer equipment, etc.) will be eliminated of the SR&ED tax credit eligible expenditures.
• The rate used in the SR&ED labor expenditures replacement method will go from 65% to 60% in 2013, then it will be of 55% for the subsequent years.
• Only 80% of the SR&ED expenditures paid to a subcontractor without dependence connection will be eligible for the SR&ED tax credit after December 31st, 2012.

For more information, you can consult the webinar « RS&DE – Retour sur le budget fédéral 2012 ».