Boast Capital Partners with Invest-Tech to Maximize Angel Investment Using SR&ED Tax Credits

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Boast Capital and Invest-Tech announce the renewal of their partnership to help companies maximize R&D tax credits through the Scientific Research and Experimental Development Tax Credit (SR&ED) program and make investments go further. 

“Bringing quality deals to our investment members and providing value to the companies that pitch is our focus,” says Henry Kutarna, executive director, Invest-Tech.  “Pre-screening our deals to ensure that companies have a process in place to capture SR&ED tax credit opportunities will provide our investors with confidence that invested capital is leverage to the maximum extent possible and Boast Capital provides a high level of SR&ED expertise to our team and membership.”

The SR&ED program can have a significant impact on the bottom line of early and growth stage companies. In 2013, the program provided $3.4B to 22,000 companies and helped Canadian-controlled SME’s recover up to 64% of eligible expenditures as a refundable tax credit. Investors want their investment to take companies further and increase their own return while doing so. Busy investors don’t have the time to scope funding resources so Boast Capital will take on this task and ensure companies have utilized and maximized innovation funding resources like SR&ED.

“We’ve found that many companies are under-claiming or not claiming at all simply because they are unaware of the SR&ED program’s broad R&D definition,” explains Jeff Christie, Partner, Boast Capital.  Before each Invest-Tech forum or event, Boast Capital will pre-screen companies to determine 1) if they qualify for SR&ED program and/or 2) whether they are maximizing their existing SR&ED claim.