As we look back on 2024, we’ve put together a summary of the most salient highlights in the SR&ED tax credit program. AI permeates all businesses At the close of the government’s 2023-2024 fiscal year, software development accounted for the largest...
Catch Up on Our Recent Webinar with Innovance.ai We recently partnered with innovance.ai to host an insightful webinar covering the latest updates and strategies in business funding and innovation. We shared our extensive knowledge of SR&ED tax credits and...
With only two months left in 2024, companies should be strategizing to align their 2025 projects with various government incentives. As we get deeper into the government’s fiscal year the amount of funding diminishes, and grant programs begin to close down. Grant...
The most recent statistics published by CRA are for the April 1, 2023 to March 31, 2024 government year. These statistics provide some insights and opportunities. SR&ED stats Overall, just over 21,500 SR&ED claims were processed. It is important to keep...
SR&ED and IRAP are among the most popular and sought-after government funding programs in the Canadian innovation ecosystem. Both programs are federal and related to R&D activities with significant impact on the completion of new product development and...
The SR&ED tax credit program is a valuable financial incentive that helps Canadian businesses offset the costs of research and development (R&D). However, to successfully claim SR&ED tax credits, companies must provide technical narratives for each project...
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