Global clean technology activity is expected to exceed $2.5 trillion by 2022 as per government report.

As a strong innovator and producer of clean technology solutions, Canada is well positioned to seize the opportunities globally. Canadian clean technology developers have already proven their capacity for practical, real-world, results-driven innovation. These solutions are key to supporting Canada’s transition to a low-carbon economy and enabling other industries to become cleaner, with improved environmental outcomes and competitiveness.

The Canadian Government targets that by 2025, clean technology is one of Canada’s top five exporting industries, nearly tripling current value to $20 billion annually in exports. To support these targets with funds, the Government has introduced several Grants & Funds in addition to SR&ED Tax Credits.

Companies in this sector can claim SR&ED tax incentives for projects conduct systematic investigation and advance the technology gap.

Who Qualifies for SR&ED?

Typical research & development activities or technological challenges by industry sub-sector that might be eligible for SR&ED credits:

Alternative energy sector

  • Biofuels and biomass projects
  • Component technologies (such as inverters, generators and control systems)
  • Improving methods of harnessing geothermal, hydrogen, solar, water (low-head, tidal and wave) wind energies

Energy efficiency sector

  • Energy conserving control systems, Green buildings and materials
  • Grid integration systems and technologies
  • High-efficiency and low-energy products, Innovative energy storage
  • Heat exchangers and pumps
  • Low impact technologies (such as biodegradables, natural pesticides and cleansers as well as reduced human or environmental toxicity products)
  • Monitoring technologies
  • Waste reduction systems & Water conservation
  • Greenhouse gases reduction projects: Avoidance or Capture technologies

Traditional environmental consulting

  • Air pollution control: component technologies such as blowers and condensers as well as assessment technologies and software
  • Lab & field analysis
  • Eco-friendly design
  • Environmental health & safety activities: sampling
  • Innovative industrial or hazardous waste management Technology
  • Water and wastewater treatment technologies

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.

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.

Who qualifies for Government Grants?

Companies, at least 2 years in operation may qualify for several grant programs for innovation, capacity expansion, exports, hiring & training.

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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.