R&D is essential for the rapidly growing cannabis industry in Canada, with companies investing heavily in developing new products and improving efficiency. Many are utilizing tax incentives provided by the SR&ED program to fund their efforts. Additionally, academic institutions and research organizations are working closely with the industry to advance research on the medicinal properties of cannabis. Overall, R&D is driving innovation and growth in the Canadian cannabis industry.
Since the legalization of recreational cannabis in 2018, the Canadian cannabis industry has grown significantly. It includes companies involved in cultivation, processing, distribution, and sales, and has created thousands of jobs. The industry generated $2.6 billion in revenue in 2020 and is expected to continue growing, with the Canadian cannabis market projected to reach up to $9 billion by 2025.
The industry is subject to strict regulations, including quality standards and government-controlled sales and distribution in each province and territory. Leyton helps companies in the Cannabis industry claim incentives from SR&ED tax credit to C3i tax credit.
The communication, the regular follow-up, as well as the technical and financial reports, were perfect, we are very satisfied to work with the Leyton teams.
It was our first SR&ED claim and everything was great! Their team simplified the process for us by explaining everything from the beginning. They have been efficient during all of the procedures and respected our deadline.
Our experience went very well. Everyone is very friendly and responsive. I believe that the people who came to meet us are very knowledgeable and will be able to help us with their experiences. We believe that Leyton is an honest firm that will be able to save us money.
Leyton’s team of highly experienced engineers and tax experts, create strong partnerships with each client to ensure maximum financial returns.
Senior Innovation Funding Manager
Innovation Funding Manager
Innovation funding Consultant
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Uses tax incentives to encourage Canadian businesses of all sizes and in all sectors to invest more intheir innovation projects through the purchase of specified assets and costs associated with R&D activities.
Makes it easy to identify the funding for your project by following these steps: Identify your needs, filter, search, choose the right grants for your business and contact our team to help you with the process.
Funding program for small to medium-sized businesses seeking innovation opportunities.
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