SR&ED Tax Credits
Whether it’s developing new products, processes, equipment, or software, the Scientific Research & Experimental Development (SR&ED) program incentivizes experimentation and exploration across diverse sectors to foster innovation, drive economic growth and increase Canada’s competitiveness.
As a significant source of funding for research and development activities across the country, SR&ED can be leveraged alongside other tax credits, grants, and loans but navigating its complex eligibility criteria and documentation requirements can sometimes pose obstacles for businesses.
Digital Media Tax Credits
Digital media companies operating in Canada have the opportunity to take advantage of a number of tax credits which support the development of cutting-edge products with applications in gaming, educational software, simulators, and more. Companies that are part of the growing digital media industry can receive significant support to offset the costs of salaries and wages.
Film Tax Credits
Canada’s film and television industry is a significant contributor to the economy, contributing over $12 billion annually to the GDP, and employing over 244,000 each year. To encourage the growth of the sector, numerous federal and provincial tax credits are available to film and television producers, available to both Canadian- and foreign-owned companies. Successfully leveraging these programs can enable your business to expand, take on larger productions, and contribute to the global industry.
Other Credits
Other tax credits are available to businesses, including for companies working to reduce emissions and improve air quality, in addition to credits in the journalism, logging, and farming sectors.