Small Business Tax Credits You Might Be Missing
ਛੋਟੇ ਕਾਰੋਬਾਰ ਟੈਕਸ ਕ੍ਰੈਡਿਟ ਜੋ ਤੁਸੀਂ ਗੁਆ ਸਕਦੇ ਹੋ
Discover lesser-known tax credits and deductions available to Canadian small businesses.
- Many tax credits go unclaimed by small businesses
- SR&ED credit can refund up to 35% of R&D expenses
- Apprenticeship credits reward hiring and training
- Digital adoption and accessibility credits are newer options
SR&ED Tax Credit
The Scientific Research and Experimental Development credit is one of the most valuable but underused credits. CCPCs can get up to 35% refundable credit on eligible R&D expenses.
Apprenticeship Credits
Hire an apprentice in a Red Seal trade and claim $2,000 per year for first two years (Investment Tax Credit for Apprentices).
Disability-Related Credits
- Disability supports deduction for employees
- Home accessibility expenses for employees
- Workplace accessibility improvements
Green Energy Credits
Clean technology investments, electric vehicle purchases, and energy efficiency improvements may qualify for various credits and accelerated depreciation.
Film/video production credits, digital media credits, and regional development credits vary by province—check what's available in your area.
Keep detailed records to support credit claims. SR&ED in particular requires extensive documentation of activities and expenses.
Maximize Your Credits
Tax Punjabi can help identify all tax credits your business qualifies for.