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Support your business growth with tax credits

The Canadian government offers billions of dollars yearly in tax credits to encourage Research and Development in more than 65 industries.

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        You can potentially claim up to:

        £ 00,000.00*

        Please note that the estimates provided by this SR&ED calculator are based on the information you have provided and should not be solely relied upon for making a claim for Research and Development (R&D) Tax Credits. The calculator may not fully account for all factors that could affect your eligibility for these credits, and the information provided is of a general nature and should not be construed as legal, accounting, or tax advice. It is recommended that you seek advice from a qualified professional for specific guidance on your unique situation. Use of this calculator is at your own risk.

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        What are tax credits?

        Tax credits are the perfect solution to fund your innovative projects and be recognized for your creativity. Tax credits provide excellent resources that improve your financial situation. Specific incentives exist to accelerate innovation and R&D in your sector. With multiple business uses, tax credits enable your business to innovate without limitations.

        How can tax credits impact your business?

        1. Increased Cashflow to unleash your innovation potential
        2. Capital for growth
        3. Increased Business Valuation
        4. Immediate Reduction in your income/payroll taxes

        What types of tax credits are available?

        What our clients have said about us

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        From the start, the methodology and process were well explained by the Leyton teams, it was very clear and we felt confident. They were efficient, professional and quickly understood the technical aspects of our projects.

        Débora Santschi Innovation and Development Manager – Lactanet

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        We have an exemplary relationship with Leyton. Their consulting teams have been quick to recognize the complexity and technology of our projects. This allows us to maximize the credit claims we are entitled to.

        André Richard R&D Director – EXFO

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        Within a tight timeframe, Leyton’s teams were able to optimize our claim to the maximum. They also helped us set up a process to optimize our future SR&ED claims.

        Yannick Piché CEO – Multifix

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        We used to write our projects internally, but the Leyton teams were able to help us and be efficient in restructuring our projects to meet government expectations.

        Kevork Piloyan General Manager – Electroline

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        The Leyton teams were attentive to our expectations from the start. They quickly understood our projects and made themselves available whenever we needed them.

        Simon Bédard CEO – Clinia

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        Unlock your funding potential:
        Explore additional funding opportunities

        • Sales tax recovery

          An efficient methodology that allows a fast recovery and compliance issue identification contribute to improving cash flow.

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        • Government grants

          Funding program for small to medium-sized businesses seeking innovation opportunities.

          Find out more

        • Property tax and valuation

          Proper analysis and valuation of your real estate assets are vital to growing your business and improving cash flow.

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        FAQs

        All You Need To Know About Tax Credits

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        What are tax credits for businesses in Canada? keyboard_arrow_down keyboard_arrow_up

        Tax credits are government incentives that reduce the tax payable by businesses. They aim to support economic growth by reimbursing eligible expenses. Programs like the Canada Revenue Agency’s SR&ED tax credit are specifically tailored to assist companies with research and development costs.

        What is the difference between tax credits and deductions? keyboard_arrow_down keyboard_arrow_up

        ●Tax Credits: Reduce the amount of tax you owe (e.g., SR&ED).
        ●Tax Deductions: Reduce your taxable income, indirectly lowering the tax payable.

        What expenses qualify for business tax credits? keyboard_arrow_down keyboard_arrow_up

        Eligible expenses depend on the program. For example:
        ●R&D Tax Credits: Cover wages, subcontractor fees, materials, and overheads related to research activities. These include expenses for the SR&ED Tax Credit, which supports scientific research and experimental development
        ●Innovation Tax Credits: Support investments in renewable energy, clean technologies, and digital innovation. Examples include:
        ●Clean Economy Investment Tax Credits: Cover costs related to renewable energy equipment, battery storage systems, and low-carbon heat systems.
        ●C3i Tax Credit for Innovative Projects: Includes expenses for prototyping, testing, and intellectual property protection during the commercialization of innovations.
        ●Multimedia Tax Credits: Cover salaries and production costs for creating digital multimedia products like video games, interactive educational tools, and other creative content.
        ●E-Business Tax Credit: Refunds a percentage of salaries paid to employees working on eligible IT and digital innovation projects.

        What are innovation tax incentives? keyboard_arrow_down keyboard_arrow_up

        These are specialized credits aimed at encouraging technological advancements, sustainability, and innovative solutions. Examples include the Clean Technology Investment Tax Credit and the Clean Hydrogen Tax Credit.

        How can businesses leverage tax credit financing? keyboard_arrow_down keyboard_arrow_up

        Businesses can access financing options like tax credit loans or pre-finance services to receive immediate cash flow based on anticipated credits, such as SR&ED or Ontario Innovation Tax Credits.

        What is the 20% ITC rule? keyboard_arrow_down keyboard_arrow_up

        The 20% Investment Tax Credit (ITC) refers to cases where certain conditions, such as labor requirements, are not fully met for a higher credit. For instance, in clean technology investment programs, businesses may qualify for up to 30%, but if requirements are not satisfied, the rate reduces to 20%.

        How can I maximize my tax return in Canada? keyboard_arrow_down keyboard_arrow_up

        To get the most out of your tax return:
        ●Claim all eligible deductions and credits, such as the SR&ED tax credit for R&D.
        ●Keep accurate records of your expenses.
        ●Consider working with tax consultants like Leyton to identify missed opportunities for savings.

        How can Leyton Canada help with tax credit claims? keyboard_arrow_down keyboard_arrow_up

        Leyton Canada specializes in identifying and claiming R&D tax credits, innovation grants, and business tax credits. Their expertise ensures accurate filings and maximum returns.

        Talk to our Tax Credit Specialists

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