Through an innovative use of Export Development Canada’s (EDC’s) Export Guarantee Program (EGP), exporters have an opportunity to receive an advance against their SR&ED tax credits. Traditionally, many chartered banks and other lending institutions advanced funds only after a company filed its SR&ED claim. However, accrual financing provides a disbursal of funds from lenders to companies in the process of performing SR&ED.
Read the Developments PDF to learn more.
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