Financement de crédits d'impôt remboursables ### 📋 Eligible Entities - Corporations and businesses eligible for refundable tax credits - Sole proprietors and self-employed individuals with qualifying tax credit eligibility - Small and medium-sized enterprises (SMEs) - Businesses with approved tax credit applications (federal or provincial) - Organizations actively engaged in eligible activities generating refundable tax credits ### 💰 Funding Details - Loan Amount: Up to 100% of anticipated refundable tax credit value - Minimum Financing: $50,000 - Structure: Non-dilutive financing (loan-based, not equity) - Repayment Terms: Repayable upon receipt of tax credit refund from government - Interest & Fees: Subject to lender terms (typically competitive rates for credit-backed financing) - Timing: Provides immediate cash flow while awaiting government tax credit processing ### 🛠️ Approved Expenses - Research & Development (R&D) payroll - eligible scientist and technician wages - R&D operational costs - materials, equipment, and contracted services for R&D activities - Scientific research expenditures - directly tied to qualifying R&D projects - Eligible project investments - assets and resources supporting tax-credit-generating activities - Working capital - to sustain operations while implementing approved projects ### ⚠️ Conditions & Milestones - Tax Credit Approval: Business must have an approved or pending refundable tax credit application - Documentation: Require proof of tax credit eligibility and anticipated amount - Loan Security: Lender may require security or guarantee against the tax credit - Repayment Trigger: Loan repaid upon receipt of government tax credit refund - Project Execution: Business must proceed with project activities generating the tax credit - Compliance: Maintain eligibility requirements throughout project duration and credit claim period - Reporting: May require periodic progress reports on project implementation