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

Clean technology tax credits in Canada are financial incentives designed to support businesses that invest in the development and implementation of environmentally friendly technologies. These tax credits aim to encourage companies to engage in activities that have a lower impact on the environment, such as renewable energy projects, waste management, and pollution reduction technologies. Businesses can benefit from these credits by reducing the amount of tax they owe to the government, making it more financially viable to invest in green technologies. These incentives not only help companies save money but also promote sustainable development and contribute to Canada’s environmental goals, such as reducing greenhouse gas emissions and fostering innovation in the clean tech sector.

The SR&ED claim process in Canada involves several key steps. First, businesses identify projects and expenditures that qualify under SR&ED criteria, which include systematic investigation and technological advancement. Next, they document their research activities and related expenses. Companies then complete and submit Form T661 along with their tax return, providing technical reports that describe their projects and expenditures. Supporting documentation, such as payroll records, contracts, and project notes, should also be prepared in case of a review by the CRA (Canada Revenue Agency). After submission, the CRA reviews the claim, which can lead to queries for further clarification before final approval and issuance of tax credits or refunds.

To apply for clean technology tax credits, companies need to provide detailed project proposals, financial statements, proof of expenditures related to clean technology, and sometimes results of environmental impact assessments. Documentation proving the technology’s compliance with government-defined clean technology criteria is also necessary.

Common mistakes include incomplete applications, failing to follow application instructions, providing inaccurate information, and missing deadlines. Ensure thoroughness, accuracy, and timeliness in your application to improve your chances of success.

Canada offers a variety of grants for small and medium businesses (SMBs), including funding for innovation, technology development, export expansion, employee training, and environmental sustainability. Sector-specific grants are also available, targeting industries such as agriculture, manufacturing, and digital media.

The Canadian government defines ‘clean technology’ as any process, product, or service that reduces environmental impacts through activities such as energy efficiency improvements, sustainable use of resources, or pollution reduction. Specifically, for tax credit eligibility, technologies must demonstrate a potential for significantly reduced environmental footprint compared to existing alternatives.

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