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With over $1.8M secured, 170+ clients supported, and a 98% success rate, Govmoney brings 20+ years of combined expertise to help innovators unlock non-dilutive funding with confidence.
With over 25 years of expertise and hundreds of successful claims, Govmoney simplifies government funding for innovative businesses. Our process is built to fuel growth, strengthen client relationships, and deliver funding strategies that actually work.
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Collaborate with your R&D team to capture project details for accurate descriptions.
Calculate R&D effort per employee using payroll data from your accounting team.
Organize and package all information for seamless integration with your T2 filing.
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We’ve answered the most common questions to help you understand how Govmoney makes funding simple, transparent, and stress-free.
The Scientific Research & Experimental Development (SR&ED) program is a federal tax incentive that rewards Canadian businesses for conducting R&D in Canada. It provides refundable and non-refundable tax credits for eligible salaries, subcontractors, and materials used to develop or improve products, processes, or technologies.
Any Canadian company—from startups to large corporations—can qualify if they are solving a technological uncertainty through systematic experimentation or analysis. This includes work in software, engineering, AI, manufacturing, healthcare, or clean tech, even if the project was not commercially successful.
Eligible work includes applied research, experimental development, and supporting work such as engineering, design, data analysis, and testing. Routine testing, market research, or cosmetic updates (e.g., UI redesigns) are generally not eligible.
Canadian-controlled private corporations (CCPCs) can claim up to 35% federal refundable tax credits on eligible expenditures.When combined with provincial programs (like Ontario’s OITC and ORDTC), the total benefit can reach 40–50% of your R&D costs.
Yes — but you must coordinate them properly. If a grant funds part of your R&D costs, those expenses can’t also be claimed under SR&ED. However, a well-structured plan ensures you avoid double dipping and still maximize total funding. GovMoney’s platform automatically flags overlaps to keep claims compliant.
SR&ED refunds are usually issued within 90–120 days after filing your corporate tax return. Grant timelines vary — some are approved within 4–6 weeks, while others tied to multi-year projects may take longer. GovMoney helps track every stage of your application from submission to payment.
GovMoney simplifies the process through automation and expert review.Our platform helps you identify funding programs, prepare compliant applications, and track submissions in real time — with transparent pricing and dedicated support from experienced SR&ED and grants specialists.
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