Grant-X Blog

According to a 2024 industry report, Canadian enterprises left over $3 billion in unclaimed SR&ED tax credits on the table due to incomplete or improperly optimized claims.

Explore actionable strategies to help you navigate the SR&ED program and maximize your funding potential. Whether you’re just getting started or looking to scale, understanding how to tap into SR&ED resources effectively can be a game-changer for your startup’s journey.

For tech startups, the ability to innovate is essential, but securing the necessary funding to drive that innovation can often feel like an uphill battle.

For startups, innovation is not just a buzzword—it's the engine that drives success and keeps them ahead of the competition. However, the challenge of securing the necessary funds to fuel this innovation can often feel like an insurmountable barrier.

In 2024, over 60% of Canadian startups reported cash flow challenges as their biggest obstacle to growth.

Did you know that nearly 50% of eligible Canadian SMBs miss out on valuable tax credits every year due to a lack of awareness or proper documentation?

Over 70% of SR&ED claims are denied due to insufficient documentation, costing businesses millions in unclaimed credits.

However, handling the SR&ED Claim Process for SMBs can be challenging. This guide will walk you through each step, ensuring you maximize your SR&ED tax credits and secure the financial benefits your business deserves.

Did you know that nearly 30% of SR&ED claims submitted by SMBs are either reduced or denied due to common eligibility mistakes?