SR&ED, Cleantech and Digital Media Tax Credits

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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

Under Canada’s SR&ED (Scientific Research and Experimental Development) program, businesses can claim various expenses including salaries and wages, materials consumed or transformed in R&D, third-party payments to contractors for R&D work, and overhead costs directly related to R&D activities. Additionally, certain capital expenditures may also qualify. Capital equipment such as machinery and equipment used in SR&ED cannot be claimed. It’s important for businesses to maintain detailed records to substantiate these expenses as part of their SR&ED tax credit claims. This program aims to encourage businesses to undertake research and development that will lead to new, improved, or technologically advanced products or processes.

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.

Tax credits can improve your business’s financial statements by reducing your tax expense, thereby potentially increasing your net income. This can enhance your profitability ratios and make your business more attractive to investors and lenders.

To apply, you must submit an application through the designated provincial agency responsible for the tax credit. This often involves completing specific forms, providing detailed documentation about the project, and sometimes initial project assessments.

Help with grant applications can be obtained from business advisors, local business development centers, or professional grant writers. Many of these services offer workshops, templates, and one-on-one counseling to help you craft a winning application.

  1. Eligibility Check: Ensure that your project qualifies for clean technology tax credits. These credits cover eligible equipment used in clean technology and Carbon Capture, Utilization, and Storage (CCUS) projects.
  2. Acquire Eligible Property: Invest in clean technology properties, such as wind, water, and solar equipment, geothermal energy systems, air-source heat pumps, and non-road zero-emission vehicles. The Clean Technology Investment Tax Credit (ITC) applies to eligible properties acquired on or after March 28, 2023, and before 2035.
  3. File the Prescribed Form: When filing your income tax return for the relevant taxation year, submit a prescribed form. Include details like the property description, location, capital cost, credit rate, and the amount claimed. Also, make the necessary labour requirements election.

Remember that the Clean Tech ITC is subject to recapture if the property is converted to non-clean technology use, exported from Canada, or disposed of within 10 years of acquisition

Recent Insights

2025 SRED changes

A Practical Guide to the 2025 SR&ED Changes

The 2025 federal budget introduces major improvements to Canada’s SR&ED program, doubling refundable credits, expanding eligibility and restoring capital expenditure claims. These updates give founders, CFOs and technical leaders significantly

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