CRA Small Business Grants, Tax Credits & More
This guide for business owners covers current Canada Revenue Agency (CRA) grants, tax credits, and other financial incentives for entrepreneurs.
This is our dedicated “hub” page for Canada Revenue Agency funding programs. We’ll continuously update this page to reflect changes in programs – so bookmark this page and check back often for updates!
Canada Revenue Agency Mandate
The Canada Revenue Agency (CRA) administers tax, benefits, and related programs, and ensures compliance on behalf of governments across Canada, thereby contributing to the ongoing economic and social well-being of Canadians.
CRA’s promise is contributing to the well-being of Canadians and the efficiency of government by delivering world-class tax and benefit administration that is responsive, effective, and trusted.
Canada Revenue Agency Priorities
You can learn about CRA’s priorities by reading its 2022-2023 Departmental Plan.
Types of Funding Canada Revenue Agency Offers
The Canada Revenue Agency offers tax credits, subsidies, prescribed or suspended Capital Cost Allowance (CCA) rates and more.
Canada Revenue Agency Funding Programs
The Canada Revenue Agency offers programs that fall under the following categories:
Below are links to the CRA’s specific programs under each category:
- Tourism and Hospitality Recovery Program (THRP) – Wage
- Hardest-Hit Business Recovery Program (HHBRP) – Wage
- Canada Recovery Hiring Program (CRHP)
- Accelerated investment incentive
- Full expensing for manufacturers and processors
- Full expensing for clean energy investments
- Alberta:
- Innovation Employment Grant (IEG) – administered by the province
- British Columbia
- Scientific research and experimental development (SR&ED) tax credit
- Manitoba:
- Research and development (R&D) tax credit
- New Brunswick:
- Research and development (R&D) tax credit
- Newfoundland and Labrador:
- Research and development (R&D) tax credit
- Nova Scotia:
- Research and development (R&D) tax credit
- Ontario:
- Saskatchewan:
- Research and development (R&D) tax credit
- Yukon:
- Research and development (R&D) tax credit