Our Blog

An ongoing series of informative entries

Financing in the Early Stages

One of the biggest challenges for small businesses is getting adequate financing. We can help Canadian businesses in the start-up phase who have been in operation for at least 12 months and have generated revenues. Navigating the financing process can be difficult and we can prepare and submit all documentation on your behalf so you can focus on your running business. Here are two sites that can help navigate you during the process:

https://www.investquebec.com/quebec/en/financial-products.html

https://www.bdc.ca/en/financing/starting-business-loan

Guidance: How the Canada emergency wage subsidy affects SR&ED claims

The Department of Finance Canada has stated that assistance received under the CEWS reduces the amount of remuneration expenses eligible for other federal tax credits calculated on the same remuneration. This statement is consistent with the definition of government assistance in subsection 127(9) of the Income Tax Act.

Please see the link below for more information and contact us if you need guidance.

https://www.canada.ca/en/revenue-agency/services/scientific-research-experimental-development-tax-incentive-program/policies-procedures-guidelines/guidance-cews-sred.html


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