Stacking Tax Credits, Grants, and Loans
A strong approach to government funding leverages opportunities to stack government funding programs. By stacking programs, companies can maximize their efforts across a wide variety of business activities.
There are two programs synonymous with R&D funding: the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) and the SR&ED program. Both programs should be considered by any Canadian-incorporated business that carries out internal R&D activities. You can learn more about these programs and how they compare and contrast by downloading our free IRAP vs. SR&ED slide deck. As such, it is important for Canadian SMEs to know when and how to use each one of these programs based on their unique advantages and how to stack them if possible for your projects.
To learn more about how to successfully stack government funding programs like IRAP and SR&ED, check out our free How to Stack Government Funding slide deck.
Which Program Is the Right Fit for You?
The right program will be entirely based on your project and its eligibility for each program. In general, we recommend applying for the program you can receive the most money for if you need to choose between the two.
Visit the Government Funding Directory to browse a list of programs that might be right for your business to offset projects with grant, loan, and/or tax incentive support.