Upgraded | Canadian Government Funding

One of the largest tax incentive programs available to a wide range of Canadian businessesAccess up to 69% of labour and overhead costs, 36% of contractor costs, and 45% of material costs

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Funding Amount

1000000

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Eligible Applicants

Applicants must be operating either basic research, applied research, or experimental development in Canada and be developing new products, processes or making incremental improvements to them.

Eligible Activities

Eligible expenditures include labour, contractors, materials, and overhead costs that directly relate to and commensurate with the needs of the activity required to attempt to resolve the technological uncertainty, obstacle, or challenge.

Deadline to Apply

2024-03-31

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88%

Approval rating across all Canadian funding programs

93%

Average time savings to our clients, compared to
businesses that apply for funding in-house

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CanExport SMEs

Amount of Funding

Up to 50% funding to a maximum $50,000 grant per project;
Applicants may receive up to 50% of eligible costs for up to $10,000 to $50,000 in grant funding per project;
The applicant is responsible for the remaining 50% of costs;
The annual CanExport contribution maximum is $99,999 (in the event of multiple projects approved in the same government fiscal year);
A group of related companies cannot receive >$200,000 in funding in a single fiscal year. Projects budgets should be between $20,000-100,000; and
Applicants can apply for funding multiple times as long as their prior CanExport application has been completed all reporting is finished.

CanExport SMEs

Eligible Applicants

To be eligible for the CanExport program, Canadian businesses must:

Maintain 1 to <500 full-time employees;
Earn annual revenues ranging from $100,000 to $100,000,000;
Be federally incorporated federally or classified as a limited liability partnership (LLP);
Create eligible project expenses of $20,000 or more; and
Be financially stable and able to pay all project expenses not covered by the program.

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Canadian owned businesses subject to certain size tests may earn a refundable Investment Tax Credit (ITC) at the enhanced rate of 35% on qualified SR&ED expenditures of up to $3 million. Eligible expenditures beyond this threshold or for CCPC’s not meeting the size tests attract a non-refundable ITC at 15%.