YOUR COMPANY IS LOOKING FOR SR&ED FUNDING SOLUTIONS!
You've arrived at the right address! Welcome to 7 Park Avenue Financial
Financing & Cash flow are the biggest issues facing business today
ARE YOU UNAWARE OR DISSATISFIED WITH YOUR CURRENT BUSINESS FINANCING OPTIONS?
CALL NOW - DIRECT LINE - 416 319 5769 - Let's talk or arrange a meeting to discuss your needs
EMAIL - sprokop@7parkavenuefinancial.com
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Financing SR ED tax credit claims in Canada is an effective way to remove the ' curse ' of Canada's most popular program in r&d capital recovery. Curse? Simply speaking, we're referring to the amount of time Canadian firms have to wait for their refund. SRED finance maximizes the program's true benefit - the cash flow you recover on your research investment. We're examining the upside of SR&ED - cash! Let's dig in
Preparing your claim is no time for 'on-the-job training. ' That's why pretty well everyone filing claims these days uses ' SR ED consultants' who specifically work only this area -maximizing your recovery. They are the ones that filter down all those CRA rules and calculations around the amount you can recover as well as ' writing up ' the claim in the manner prescribed by the program rules.
The amount of funding you get back in via the refundable tax credit often plays a key role in developing many companies - from start-up t those that are already in full revenue and growth mode. In fact, the program is the largest program providing direct funding support - doling out billion every year to your competitors... and hopefully your firm!
The SR&ED program should not be confused with a grant or loan - it's neither, but simply a refund of a major portion of the work performed in an r&d environment for products and processes your company is working on.
Some additional ' good news on your refund is that when you finance a claim, you can include the current year's refund, of course, but, if applicable last years refund if it hasn’t been received or filed, as well as... the work your firm already has started on next years claim!
The amount of refund that companies receive tends to be in the 30-35% range of the total amount you spend on the program work. The other key amount to reflect on is that SRED Finance allows you receive a loan for 70% of the total amount of your combined fed/prov claim. Financing SR ED Tax credit claims comes with one other benefit - the receipt and use of the cash for your refund and no monthly payments until the govt processes your final refund, which of course can be months away - sometimes significantly longer.
Suppose you want to eliminate the ' downside' in the SR&ED program, specifically waiting for your funds! Seek out and speak to 7 Park Avenue Financial, a trusted, credible, and experienced Canadian business financing advisor with SR ED finance experience.
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Stan Prokop
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