Financing of Refundable Tax Credits

If your business is eligible for a refundable tax credit, you could benefit from tax credit financing that lasts up to 18 months, such as: A minimum of $50,000 for tax credits for scientific research and experimental development and of $20,000 for other tax credits; Up to 100% of your project costs; or A loan guarantee of up to 80% of your net loss.

• You could receive a loan or loan guarantee if your business is eligible for certain refundable tax credits pursuant to tax legislation.
• The minimum amount for the loan guarantee is $50,000 for tax credits linked to scientific research and experimental development and $20,000 for other tax credits. The loan guarantee can cover up to 80% of the net loss. The minimum loan is $62,000 for scientific research and experimental development tax credits and $25,000 for other tax credits.
• You must submit a cash budget demonstrating the need for additional working capital, have a sound financial structure and qualified staff.

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