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How Alberta Investors Can Get 30% Tax Credit For Funding Startups

Jan 16 2017
By: boastcapital
Categories: Business Resources, Innovation Funding, News
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On December 15, 2016, the Government of Alberta (“Government”) released guidelines providing details of the Alberta Investor Tax Credit (“AITC”) program created under the Investing in a Diversified Alberta Economy Act (the “Act”). The Act came into force January 1, 2017 and provides tax credits for certain investments in qualified small businesses.

The Government has allocated $90 million to the program over its initial three-year term ending in 2019. The Government expects the program to support up to 4,400 new jobs over three years and contribute $500 million to Alberta’s GDP.

Alberta Investor Tax Credit

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[Infographic] Everything You Need to Know About US Research & Experimentation Tax Credits

Dec 05 2016
By: boastcapital
Categories: Innovation Funding, News
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US R&E BannerThe US Research & Experimentation Tax Credit or R&D Tax Credit is a general business tax credit under Internal Revenue Code section 41 for companies that incur research and development (R&D) costs in the United States. The US R&D tax credit has been around since 1981.

However, it has never been permanent – it would periodically expire and be renewed by Congress. Companies wishing to include this in their long-term budgeting plans couldn’t count on the credit being around for certain. Additionally, many companies couldn’t benefit from the credit since they didn’t owe federal income tax or were subject to the alternative minimum tax (AMT).

In 2015, the Congress made the R&D tax credit permanent and also made key changes so that more companies can benefit from the credit.

We know that this program can seem complicated for first-time claimers so we attempted to simplify it into an easy-to-read infographic.

If you have any questions, get in touch with us. We are more than happy to explain the program in more detail for your unique needs.

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[Infographic] Your Ultimate Guide to Claiming SR&ED in 2017

Jun 09 2016
By: boastcapital
Categories: News, R&D Tax
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Boast Capital SR&ED logoThe Scientific Research & Experimental Development (SR&ED) tax credit is Canada’s most popular R&D funding program. Last year, this program provided $4B to 27,000 companies. We know that this program can seem complicated for first-time claimers so we attempted to simplify it into an easy-to-read infographic.

If you have any questions, get in touch with us! We are more than happy to explain the program in more detail for your unique needs.

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How US R&D Tax Credits Can Increase Your Bottom Line

May 15 2016
By: boastcapital
Categories: News, R&D Tax
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rp_Coding-shots-300x200.jpg

The US Research & Experimentation Tax Credit or R&D Tax Credit is a general business tax credit under Internal Revenue Code section 41 for companies that incur research and development (R&D) costs in the United States. The US R&D tax credit has been around since 1981.

However, it has never been permanent – it would periodically expire and be renewed by Congress. Companies wishing to include this in their long-term budgeting plans couldn’t count on the credit being around for certain. Additionally, many companies couldn’t benefit from the credit since they didn’t owe federal income tax or were subject to the alternative minimum tax (AMT).

In 2015, the Congress made the R&D tax credit permanent and also made key changes so that more companies can benefit from the credit. Here is a summary of those changes:

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  • About Us
    Boast Capital is a team of engineers and finance professionals with over 20 years experience helping companies in Canada and the U.S. successfully claim and maximize R&D tax credits.
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