Discover government tax credit programs that can benefit your business.
Receiving substantial cash refunds or tax credits from the government can provide the stimulus you need to take your company to the next level. Even so, many organizations that are eligible for thousands of dollars in tax credits are not applying – because they simply are not aware if they qualify.
Let SBLR help you. We’ve listed information below on a few major tax credits that many small and mid-size businesses should know about:
Scientific Research & Experimental Development (SR&ED) Tax Credits
This is the largest yet most underutilized tax incentive plan. If you have invested in innovation by designing new or improved products, processes, custom equipment, or software you may be eligible to benefit from this tax credit. Other eligible expenses under the SR&ED tax credit program include wages, materials, sub-contractors, and overhead costs.
Ontario Interactive Digital Media Tax Credits (OIDMTC)
OIDMTC is a refundable tax credit available to eligible Ontario companies across all industries that have created an interactive digital media product whose primary purpose is to educate or entertain.
Learn how we can help you save cash.
