• Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Kelid™

  • R&D Funds
    • Filing SR&ED
    • SR&ED Eligibility
    • DIY SR&ED Business Fund
    • SR&ED FAQ
  • Business Funds
    • Research and Development Funds
    • Hiring Funds
    • Business Expansion Funds
    • Digital Media
  • Business Services
    • Business Training
    • Business Plans
    • Project Management and Planning
    • Business Advisory
    • Business Loans
  • About
    • Careers
    • Resource
      • ebooks
      • Download Kelid’s Flyer
      • Free Newsletter Subscription
  • Blog
  • Contact Us

May 28, 2014 by Kelid Leave a Comment

SR&ED Tax Credits, Clean Technologies, Renewable Energies

Green EnergyCanada is leading the whole globe in clean technologies and renewable energies with 100 clean energy technology companies currently working to make this world a better place to live. With focus on energy efficient solutions, clean technology initiatives work environmentally-conscious and low-carbon solutions. SR&ED are tax incentives which encourage clean technology and renewable energies companies to participate and invest in research and development. With increased demand of clean technologies, the need of R&D tax credits is obvious for every emerging company in the market.

Clean Technology is a broad term which includes recycling, renewable energy (solar power, wind power, hydropower, bio-fuels, and biomass), electric motors, information technology, green transportation, green chemistry, lighting, and many other appliances that are now more energy efficient.

Canada also is not behind in taking radical steps to inject Canadian R&D Tax Credits program to encourage companies invest in clean technologies. The Government has introduced Scientific Research and Experimental Development (SR&ED) program to financially support companies taking part in R&D in clean technologies. The program not only provides fund to the companies, but also increase companies’ return in investment. All Canadian Controlled Private Corporations (CCPC) are eligible to apply for Canadian R&D Rebates. You don’t have to be a big corporate company. You don’t have to conduct a lot of successful research. If you have attempted a scientific project which remained unsuccessful, you can still apply for R&D tax credits and take advantage of research and development funding.

 Eligible Companies:

  • Those companies that have made considerable efforts to make to reduce waste production, energy consumption and products’ environmental footprints.
  • The companies having introduced non-toxic materials or started using component.
  • The companies producing products which can work well with waste-to-energy initiatives.

Ontario also launched a similar program named as Feed-In-Tariff (FIT) back in 2009 to overcome the unemployment created by declination of manufacturing sector. FIT program is paying higher than the market rates for those producers who are working in renewable energy such as solar power, wind power, and biomass.

SR&ED application process does take time, but with the consultation of professionals, one can reduce the time and confusion while applying for R&D tax credits.

For further information for eligibility of your clean technology project and estimate your claim size check out SR&ED Assessment LookUP and SR&ED Fund Calculator. To take advantage of our 30min free no-obligation consulting service either contact  Kelid™ or fill out the request form.

Filed Under: Business Grants, SR&ED, Tax Credit Tagged With: Clean Technologies, FIT, Renewable Energies, Solar

About Kelid

Kelid™ assists small to medium size enterprises (SME) to file applications for wide ranges of provincial and federal funding programs.

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Request Info

We assist you to apply for Canadian Government Funds and Grants

Search Funds

Recent Articles

Grants to Reduce Green House Gases in Ontario

May 17, 2017 By Gargi Garach

Sell Your Innovation To the Government of Canada

April 19, 2017 By Gargi Garach

Grants for Collaboration with Academic Institutions

March 27, 2017 By Gargi Garach

Footer

About Kelid™

Business Funds Consulting Services

Kelid™ assists small to medium size enterprises (SME) to file applications for wide ranges of provincial and federal funding programs.

1-416-893-2921

Address 1: 18 Stoneybrook Crt
Thornhill, ON, L3T 1G6

Address 2: Suite 1901, 5000 Yonge Street, Toronto, ON, M2N 7E9

 

Main Menu

  • Home
  • About
  • Testimonials
  • Blog
  • Careers
  • 1-416-893-2921

Share us

Copyright © 2023 · Executive Pro on Genesis Framework · WordPress · Log in