Is my project eligible for SR&ED credits if a competitor already offers a similar product?
The CRA's Information Circular IC 86-4R3 states:
"Commonly available sources of knowledge or experience are those that can reasonably be assumed to be readily available to those with basic training or experience in the field of concern. These resources enable them to be sufficiently qualified to participate in scientific research and experimental development. They also include knowledge that is available in the business context of the firm... an enterprise may not have practical access to information proprietary to a competitor, or known in specialist or academic circles."
A SR&ED project's technological uncertainty may come from being uncertain how to achieve a particular advance, rather than whether the advance is possible at all. In this case a claimant may know that a particular technological advance is possible (as their competition has already achieved it), while being uncertain as to how to achieve that advance (as it is unlikely their competition will provide that information), and their project could qualify for SR&ED credits.