SR&ED, digital-media and clean-economy credits reward spend you’ve already made on R&D, product and equipment — claimed at filing and often stackable.
Federal and provincial credits often stack on the same project — coordinate them to maximize the total.
Up to 35% refundable on eligible R&D — Canada’s largest innovation incentive.
Provincial credits (ON, BC, QC) on labour for interactive digital media products.
Federal investment tax credits for clean tech, CCUS, hydrogen and clean electricity.
Ontario (8% OITC), BC (10%) and Québec credits that stack on federal SR&ED.
Federal and provincial credits, with rate and refundability up front.
Refundable ITC ceiling rises from $1.05M to $2.1M annually for scaling CCPCs.
Up to 40% credit on Ontario labour for eligible interactive digital products.
Up to 30% on eligible clean-tech equipment investments, refundable.
British Columbia adds 10% on eligible R&D for BC-based CCPCs.
Refundable credit on R&D salaries, stacking with federal SR&ED.
Investment tax credits for carbon capture and clean-hydrogen projects.
The major ones are SR&ED (federal R&D, up to 35% refundable), provincial R&D top-ups (Ontario 8%, BC 10%, Québec), digital-media credits (OIDMTC, BC IDMTC), and the clean-economy investment tax credits for clean tech, CCUS and hydrogen. CanaGrants matches the credits relevant to your activity; confirm details with the CRA or your accountant.
Some are. A refundable credit (like SR&ED for CCPCs) is paid out even if you owe no tax; a non-refundable credit only reduces tax owed. The treatment varies by program and corporate structure — we note refundability on each brief.
Often, yes — but with rules. For example, SR&ED stacks with provincial R&D top-ups, but a digital-media credit and SR&ED may cover different portions of the same project. Coordinating them correctly matters; we flag stacking notes and you confirm with your accountant.
Most business tax credits are claimed with your corporate (T2) return for the year the costs were incurred, with program-specific schedules (e.g. the T661 for SR&ED). Deadlines are typically 12–18 months after year-end — verify the current rules with the CRA.
See which credits match your spend — scored to your profile. Always verify with the CRA. Free to start.