Qualified for SR&ED? Proper Accounting Maximizes Your Claim.
Qualifying for SR&ED is not enough. Learn how proper bookkeeping and accounting records protect your claim and help maximize eligible SR&ED tax credits in Canada.
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
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.
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
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
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 proprietary system ensures you receive the best service with the largest most accurate SR&ED claim.
Our team has the most experience filing interactive digital media tax credit claims. Combined with SR&ED you will maximize your government incentives.
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.
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!
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.
In some provinces, Digital Media Tax Credits are fully or partially refundable. This means that if the credit amount exceeds your company’s tax liability, the excess can be received as a cash refund, providing a direct financial benefit regardless of profitability.
Other tax credits available for small and medium businesses in Canada include the Investment Tax Credit, Employer Health Tax Credit, and various provincial tax credits tailored to specific industries like film and digital media, manufacturing, or green technology.
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.
The CRA assesses SR&ED claims based on documentation provided and criteria met. They review the technological advancements aimed for, the scientific or technological uncertainties involved, and the systematic investigation processes undertaken. Claims may be reviewed through a desk audit or a more detailed field review.
Yes, the deadline for applying for Digital Media Tax Credits varies by province but generally aligns with fiscal or tax reporting deadlines. It is important to apply within the deadlines set by the provincial authority managing the tax credit program, typically requiring applications to be submitted within 18 months of the fiscal year-end in which the eligible expenses were incurred.
Qualifying for SR&ED is not enough. Learn how proper bookkeeping and accounting records protect your claim and help maximize eligible SR&ED tax credits in Canada.
GrowWise is proud to continue the partnership with Communitech to support the ecosystem in simplifying SR&ED tax credits.
Is SR&ED worth it for your startup? Learn when Canadian startups benefit most from SR&ED and when the time and effort may outweigh the refund.