Introduction The Tax Credit for the Development of E-Business, commonly referred to as “CDAE” – its French-language abbreviation – is a provincial tax credit available in Quebec for businesses developing e-business software solutions in the province. To be eligible, a business must have a minimum of 6 eligible employees spending 75% or more of their […]
The National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP) and the CRA’s scientific research and experimental development tax credit (SR&ED) are two programs of major importance for Canadian innovators. In this article, we will examine the key similarities and differences between SR&ED and IRAP and how these programs can work together to […]
Deputy Prime Minister and Finance Minister Chrystia Freeland unveiled the 2022 Federal budget on April 7, 2022. Titled “A Plan to Grow Our Economy and Make Life More Affordable,” the budget announces a number of changes to existing programs and new initiatives to fund the development of green energy, the circular economy and Canadian innovation. […]
Finance minister Eric Girard tabled budget 2022-2023 on March 22nd, 2022. The budget includes several measures to address the rise of the cost of living for Quebec taxpayers, but also many interesting updates that innovative businesses headquartered in or with operations in the province of Quebec will want to be aware of. The largest spending […]
March 8th marks International Women’s Day, and we thought this would be a fantastic opportunity to take a closer look at a few funding opportunities from government entities, not-for-profit organizations and accelerators focused on supporting women business founders nationwide. This article provides a summary of some significant funders and support organizations in Canada that women-owned […]
To celebrate Black History month in Canada, we took a closer look at a few funding opportunities from government organization, public-private partnerships and non-profits specifically intended for black and other minority business owners across the country. This article offers an overview of some key funders and support organizations Black business founders in Canada should know […]
The Quebec provincial government first introduced the Tax Credit for Investment and Innovation – or C3i for short – in its March 2020 budget. It was initially intended as a replacement for prior investment and innovation tax credits, with more advantageous rates and broader eligibility. This article offers an overview of the tax credit’s criteria, […]
Two major changes to the University Research Tax Credit were announced in the latest Quebec budget in March 2021. These changes will make the credit more accessible and advantageous for startups and smaller research projects. In this article, we will go over the tax credit basics, changes recently announced, and the impact on your next […]
As one of the world’s leading vehicle manufacturing regions, Canada makes significant efforts to remain on the cutting edge of innovative automotive technologies. Canada leverages its innovation clusters and new ideas that emerge from startups, national, and international firms in Canada to revolutionize transportation and automotive technologies. The areas of focus include quantum technologies, AI, clean technologies, and advanced manufacturing. Several […]
Introduction The federal scientific research and experimental development (SR&ED) tax incentive program (ITC) is one of the most generous in the world. As the largest federal funding program in support of business R&D in Canada, it awards more than $3 billion annually to companies that conduct eligible R&D activities. Compared to other programs, SR&ED is […]