The Canadian Manufacturing sector has compounding struggles in the past 15 years, be it the recession a decade ago or the cross-border tariffs. Regardless, the companies who have diversified and stayed innovative have survived and progressed. While the entire manufacturing sector has pressure to stay competitive, the Canadian Government has taken several steps to fund & incentivize this innovation to position Canada as a Global leader in research & innovation.

One of the major incentives from the Canadian Government is SR&ED Tax Credits. Companies that have taken advantage of the SR&ED program in addition to numerous Grants & Funding  opportunities available for this sector have managed to thrive.

Who Qualifies for SR&ED?

If you are a company operating in the Manufacturing sector and UNDERTAKING PROJECTS THAT EXPERIMENT & INVESTIGATE NEW MANUFACTURING PROCESSES & INNOVATIVE PRODUCT DEVELOPMENT AND ARE PRIME CANDIDATES FOR R&D TAX CREDITS IN CANADA.

Our typical clients in the manufacturing sector are from the following sub-sectors:

  • Advanced Machining, Automation, Robotics, 3D Printing
  • Automotive, Aerospace, Defense, Space
  • Electronics, Electrical, and Medical Equipment Manufacturing
  • Engineering  & Environmental Consulting
  • Material Science & Materials Engineering
  • Packaging, Paper Manufacturing & Processing Industries
  • Construction & Civil Engineering
  • Utilities, Waste Processing
  • Chemical Products, Agri-Biotech, Agro Chemicals & Greenhouse
  • Plastics, Moulds Manufacturing, and Rubber products
  • Forestry, Logging, and Woodworking

At EVAMAX, we specialize in assisting our clients (in all the above-mentioned businesses) access these opportunities for Tax Incentives, Grants & Funds. For e.g., SR&ED Incentives (Scientific Research & Experimental Development) program offers up to 68% tax credits on eligible R&D costs.

Following is a generic list of the types of activities and /or technological challenges that may qualify for the SR&ED incentives:

  • Custom design/ redesign, prototyping
  • Improvement of strength, tolerance, dimensional stability
  • Automation of a manual process or improvement of existing process
  • Challenges with new materials, products or processes meeting or improving performance requirements? For e.g. Issues with Reliability, Consistency, Scalability, integration?
  • Miniaturization of components or systems, high-speed processing of large data
  • Thermal and heat dissipation challenges
  • Issues developing automation and logic control systems?
  • Schematic design and iteration issues?
  • Simulation of system performance?
  • Developing remote monitoring software?
  • Strength and accuracy of image/signal?
  • Developing User Interface (Wireless & RF)
  • Challenges with material stability with temperature or pressure, extending the life and increasing the function of existing material?
  • Studying microstructure and function with different additives?
  • Synthesizing materials (such as polymers, ceramics, thin films, etc.)

Please note that above is not an exhaustive list. Contact our experts to understand if your R&D activities may be eligible for SR&ED incentives.

In addition to the SR&ED incentive programs, a manufacturing business that are at least 2 years in operation may qualify for several grant programs for capacity expansion, innovation, exports, hiring & training.

To schedule a no obligation consultation

Why Hire EVAMAX?

While, you are engaged in the quest for innovation in technology, our highly motivated team is positioned to maximize benefits for our clients through R&D Tax credits or Grants & Funding options.

Our approach – Our competitive edge:

  • Our Technical & Financial experts connect with the clients on a regular basis throughout the year proactively gathering relevant information to plan ahead for submissions.
  • Our advisory services extend beyond the submissions. For e.g. Customizing efficient tracking systems for seamless compliance for SR&ED program or Grants.
  • Keeping you posted with the CRA legislation and new grant & funding opportunities.
  • Our reputation with the CRA and the grant agencies is remarkable and an excellent validation of our successes.
  • Our work culture is dynamic & we believe in continuous learning at all levels of our organizations. Our well rounded and well-experienced professionals go an extra mile to ensure you are leaving no cash on the table.

For assistance in preparing your submission and to position your application for approval contact EVAMAX Group to help you with the process. You may also email us at info@evamax.com or call 1-877-711-7733.