Whether you're a startup or an established company, these incentives can help reduce costs and drive technological advancement. Get ahead by working with GURUS Solutions to get your project started.
Scientific Research and Experimental Development (SR&ED) Tax Incentives
The SR&ED Tax Credit is administered by the CRA and allows Canadian businesses to claim up their Research and Development (R&D) expenditures as a tax rebate, significantly boosting Return On Investment (ROI) on innovation investments. It is designed to support R&D, software development, and technological advancements, this program benefits businesses across industries.
Key Benefits
- Refundable or non-refundable tax credits on eligible salaries, contractor fees, and overhead expenses.
- Applicable to a wide range of R&D projects, including software and digital solutions.
- Helps businesses offset costs related to product innovation and process improvement.
The National Research Council of Canada’s Industrial Research Assistance Program (NRC IRAP)
The IRAP is a Canadian government funding program that provides financial assistance and advisory services to small and medium-sized enterprises (SMEs). The National Research Council of Canada’s Industrial Research Assistance Program provides assistance to SMEs engaged in technology innovation and product development.
Key Benefits
- Offers non-repayable grants covering 80% of salaries and 50% of contractor costs.
- Grants to support digital transformation and new product development.
- Expert advisory services to assist with R&D strategies.
- Assistance in adopting and implementing digital solutions for business growth.
CDAP
The Canada Digital Adoption Program provides substantial government funding to SMEs for creating and implementing digital adoption plans, enabling them to leverage technology solutions for growth.
01
Grow Your Business Online Grant
Up to $2,400 in funding to encourage e-commerce and grow online sales.
02
Boost Your Business technology Grant
Grant of up to $15,000 in funding to take advantage of technology advices and create a digital transformation plan.
Ontario Interactive Digital Media Tax Credit (OIDMTC)
The OIDMTC is a provincial tax credit designed for companies developing interactive digital media products, such as video games, apps, and software.
Key Benefits
- Covers up to 40% of eligible development costs.
- Supports businesses creating innovative digital experiences.
- Similar to the CDAE (Crédit d’Impôt pour le Développement des Affaires Électroniques) in Quebec.
Alberta Innovates & BC Innovates
Both Alberta Innovates and BC Innovates provide financial and advisory support to businesses focused on technology-driven innovation and business development.
Key Benefits
- Grants and funding for tech and digital projects.
- Business advisory services to help companies scale.
- Provincial tax incentives for research and innovation.
How to Apply for 2025 Canadian Tax Credits and Funding Programs
Each funding program has its own eligibility criteria and application process. To maximize your benefits:
01
Assess which tax credit or grant aligns with your business activities
02
Prepare the necessary documentation, including project details and financial reports.
03
Work with experts to streamline the application process and ensure compliance.
Are You a Quebec-Based Company?
If your business operates in Quebec, there are additional tax credits and funding opportunities available.
Check out our dedicated page on Quebec-specific grants and incentives to see how you can benefit!
Explore how tax credits and grants can fuel your business growth in 2025