SR&ED, Cleantech and Digital Media Tax Credits

Speed ● Simplicity ● Savings
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SR&ED, Digital Media and Cleantech Tax Credit Consulting

Revolutionary SR&ED Consulting

Convenience

Why GrowWise?

Tax Credit Consulting Best Value

Best Value

Better and faster technical interviews

More convenient scheduling and faster claim preparation

Less expensive than EY, Deloitte, KPMG, PWC, MNP, RSM, GT or BDO

Larger claims with less effort for your team

Audit Defense with AI

Audit Defense

Supervised-AI platform combines the power of AI with our teams experience filling thousands of successful SR&ED claims to reduce the risk of audit.

If you had a poor result with other consultant, we have the successful track record and expertise to defend your claim.

Get your tax credits faster

Get Your Tax Credits Faster

Faster claim preparation results in a faster refund to improve cash flow

We have unlimited resources to accommodate your timeline

No need to complete forms, revise multiple times and do all the work

We remember every detail from one year to the next

Optimized SR&ED Claims

Optimized SR&ED Claims

A combination of human-AI power results in best in class claim preparation

Submit as many projects as needed to maximize SRE&D refunds

Efficient collection of supporting documentation to defend the work

Deep understanding of CRA policies and tax credit rules

SR&ED return preparation

Maximize your Tax Credits

We specialize not only in SR&ED Tax Credits, but also Cleantech, Digital Media, and others

Our advisors ensure you aren't leaving any money on the table

We are your strategic partners, dedicated to unlocking the full financial potential of your tax credits

Our Services

SR&ED

Our proprietary system ensures you receive the best service with the largest most accurate SR&ED claim.

Digital Media

Our team has the most experience filing interactive digital media tax credit claims. Combined with SR&ED you will maximize your government incentives.

Cleantech

Want to work with the experts to get your share of $80B in cleantech tax credits. We have the tools to simplify and maximize your cleantech tax credits.

Grants, Accounting and Advice

We advise and support companies applying for many grants. Our tools help you pair the best grants for your business to maximize government assistance. We've build and sold businesses, financed hundreds of companies and provided consulting services for thousands. Just ask!

Frequently Asked Questions

The SR&ED program is a Canadian government tax incentive designed to encourage businesses of all sizes and in all sectors to conduct research and development (R&D) in Canada. Eligibility for SR&ED is broad, encompassing companies performing work that advances scientific knowledge or achieves technological improvements. Eligible activities can include developing new products or processes, or improving existing ones through technological advancements. The key is that the work must involve systematic investigation or experimentation and aim to resolve scientific or technological uncertainties.

Applying for clean technology tax credits in Canada offers significant financial benefits to businesses, primarily through reduced tax liabilities. These credits are designed to incentivize investment in environmentally friendly technologies, thereby lowering the upfront costs of adopting such innovations. Businesses can receive direct deductions from their taxable income, leading to substantial savings. Additionally, these credits can improve cash flow, enabling further investment in sustainable practices. By leveraging these tax advantages, companies not only enhance their environmental impact but also position themselves as leaders in sustainability, potentially attracting more customers and investors interested in green technology. This alignment with environmental goals can also open up further funding opportunities.

The SR&ED program offers tax incentives at both the federal and provincial levels in Canada, but there are key differences. Federal SR&ED claims provide investment tax credits that can be applied to reduce federal taxes owed and are available across Canada. The rate and form of these credits can include refundable, non-refundable, and enhanced credits for certain entities like Canadian-Controlled Private Corporations (CCPCs).

Provincial SR&ED claims vary by province, with different rates, eligibility criteria, and forms of credits (refundable or non-refundable). Each province tailors its SR&ED incentives to local economic goals, which means that the benefits can significantly differ from one province to another.

Receiving other grants can affect your SR&ED claims, as it may reduce the amount of SR&ED expenditures eligible for investment tax credits. This occurs because the SR&ED program requires expenditures to be reduced by any government assistance, non-government assistance, or contract payments received. Essentially, if your project receives funding from another grant, the cost base for which you can claim SR&ED tax credits decreases by the amount of that grant. It’s important to carefully consider how other grants might intersect with your SR&ED claim, and to report all such assistance accurately to ensure compliance and maximize your potential benefits.

Projects that qualify for SR&ED tax credits in Canada involve systematic investigation or search carried out in a field of science or technology through experimentation or analysis. This includes basic or applied research aimed at advancing scientific knowledge, and experimental development intended to create new, or improve existing, materials, devices, products, or processes. Projects must aim to resolve technological uncertainties where the outcomes aren’t readily deducible by a professional in the field. Work related to engineering, design, operations research, mathematical analysis, computer programming, data collection, testing, and psychological research, if it supports the SR&ED projects, may also qualify.

If a project is denied clean technology tax credits, the applicant typically receives a detailed explanation of the reasons for denial. Applicants have the opportunity to appeal the decision or reapply after addressing the deficiencies highlighted in the denial.

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