Boost Your Business Growth with Tax Credits
The Canadian government allocates billions of dollars annually in tax credits to support Research & Development (R&D) across 65+ industries. Whether you’re new to tax credits or already claiming, SRA can help you maximize your benefits.
What Are Tax Credits?
Tax credits are a powerful tool to fund innovative projects, reward creativity, and strengthen your financial position. With tailored incentives designed to accelerate innovation and R&D, tax credits empower your business to grow without limits.
How Can Tax Credits Impact Your Business?
Increased Cash Flow
Free up capital to fuel innovation.
Capital for Growth
Reinvest in technology, infrastructure, and expansion.
Higher Business Valuation
Strengthen your financial standing.
Immediate Tax Savings
Reduce income and payroll taxes.
Types of Tax Credits
Tax Credits Available
SR&ED
Receive generous tax incentives for conducting innovative research and development in Canada.
E-Business Tax Credit
Boosts IT sector growth by providing financial support for technology-driven businesses.
Clean Economy Investment Tax Credits
Rewards businesses investing in clean technology, renewable energy, and sustainability initiatives.
Multimedia Tax Credit
Encourages the creation of interactive digital media products with province-specific incentives.
Why You Shouldn’t Ignore Tax Credits
The SR&ED Tax Credit is one of the most underutilized funding opportunities—but it shouldn’t be! Over 65 industries qualify.
Unlock Your Full Funding Potential
Sales Tax Recovery
Fast & efficient methodology for reclaiming sales tax and ensuring compliance.
Government Grants
Funding programs for small to mid-sized businesses focused on innovation.
Property Tax & Valuation
Proper analysis of real estate assets to improve cash flow & financial strategy.
They Trust Us
Working with SRA was a game-changer for our business. Their team not only identified tax credit opportunities we had overlooked but also guided us through the entire process with precision and expertise. Thanks to their support, we maximized our SR&ED claim, improved our cash flow, and reinvested in innovation. SRA's knowledge and dedication made the process seamless, and we highly recommend them to any business looking to unlock funding opportunities.
Losha
Founder
Insights
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What are tax credits for businesses in Canada?
Tax credits are financial incentives provided by the government to reduce a company’s tax liability. They support innovation, job creation, and economic growth by helping businesses offset costs related to research, development, payroll, and investments.
What is the difference between tax credits and deductions?
A tax credit directly reduces the amount of tax owed, while a tax deduction lowers the taxable income. Tax credits provide a dollar-for-dollar reduction in taxes, making them more valuable than deductions.
What expenses qualify for business tax credits?
Eligible expenses vary by tax credit program but often include wages, contractor fees, materials, equipment, software, and overhead costs related to R&D, innovation, clean technology, and digital media projects.
What are innovation tax incentives?
Innovation tax incentives, such as the SR&ED tax credit, support businesses investing in research, development, and new technologies by offering refundable or non-refundable tax credits to offset costs.
How can businesses leverage tax credit financing?
Businesses can use tax credit financing to access funds before receiving their tax credit refund. This provides immediate working capital to reinvest in R&D, operations, or expansion.
What is the 20% ITC rule?
The 20% Investment Tax Credit (ITC) rule allows businesses to claim a tax credit on eligible capital expenditures related to R&D and innovation, helping offset investment costs in key sectors.
How can I maximize my tax return in Canada?
To maximize your tax return, ensure all eligible expenses are claimed, keep detailed records, work with tax credit experts, and explore additional incentives such as grants and deductions.
How can SRA help with tax credit claims?
SRA’s tax credit specialists identify eligible programs, optimize claims, and ensure compliance with government regulations to help businesses secure the maximum funding available.
