SR&ED tax credits are an amazing tool for funding your R&D projects, but there can be a significant delay between the time of your expenditures and receiving the tax credit. If your company is eligible for SR&ED and would benefit by receiving the funding sooner, there are financing programs available to bridge this time gap.
Maintain your company’s cash flow
These programs, called Tax Credit Financing, are designed to bridge the time gap between applying for Federal or Provincial tax credits and receiving the funds.
The amount you borrow is based on your R&D or other tax credit‑related expenses in a given fiscal year, up to $250,000.
Flexible repayment options
Depending on the financing program, several options can be available for repayment. When you receive your refund, you can choose to reduce your debt or it can be converted into a 36-month term loan and use your money for other business needs, such as funding growth projects, buying equipment or stepping up your marketing efforts.
Typical benefits and features of financing SR&ED claim:
- No capital payments while you wait for your refund
- No penalty for paying off your loan in part or in full at any time
Not sure if you have eligible research and development tax credits?
Enhanced Capital Recovery is here to help you determine if your company is eligible for tax credits or any other R&D funding sources available. We will provide a free consultation to do this – in fact you never pay for our consulting service unless we provide results.
Our goal is to assist companies such as yours to truly understand what SR&ED is, what areas in your organization may be eligible under the program, and then assist you through the entire process.
We’re experts in the field of R&D funding in Canada – let us take care of the details while you focus on your business.
Contact us today for a no-cost consultation