In late 2025, we shared our excitement about the proposed “Supercharging Growth” measures in the federal budget. Today, we have the ultimate update: Bill C-15 has received Royal Assent.
For our clients and partners, this means the wait is over. The most significant upgrades to Canada’s innovation and investment tax landscape in over a decade are officially the law of the land. At North Group, we’ve been preparing for this moment, and we’re ready to help you claim every dollar you’re entitled to.
Here is a summary of all the the high-value incentives that are now live and ready to impact your bottom line.
1. The SR&ED “Mega-Upgrade”
The Scientific Research and Experimental Development (SR&ED) program just became significantly more lucrative for Canadian innovators.
- The $6 Million Threshold: The expenditure limit for the 35% refundable tax credit has officially increased to $6 million (up from the previous $4.5 million). This allows mid-sized CCPCs to capture a much larger pool of refundable cash.
- Capital Expenses are BACK: In a massive win for manufacturing and lab-heavy industries, the government has restored eligibility for capital expenditures. You can once again claim SR&ED credits on the machinery and equipment essential to your R&D.
- Wider Eligibility for Public Companies: The enhanced 35% refundable rate has been extended to eligible Canadian Public Corporations (ECPCs), opening the door for larger innovative firms to access deeper pools of capital.
- Pre-Claim Certainty: As of April 1, 2026, a new elective pre-claim approval process is active. This allows you to get technical certainty on your projects before you file, significantly reducing audit risk and administrative headaches. For claims submitted through this elective process that require an expenditure review, processing time will be cut in half to 90 days from 180 days.
2. The “Super-Deduction” & Immediate Expensing
If you are building or buying in Canada, the tax math has changed in your favor. The “Super-Deduction” initiative is designed to put cash back into your business immediately.
- 100% First-Year Write-Offs: You can now claim a 100% deduction in the first year for eligible manufacturing and processing machinery, equipment, and—most importantly—buildings.
- Additions & Alterations: This immediate expensing also applies to additions or alterations made to existing M&P buildings, provided they were acquired on or after Budget Day.
- Productivity Assets: Accelerated investment incentives now apply to patents, data network infrastructure, and computers, ensuring your tech stack is as cost-effective as it is powerful.
How to Claim Your Share
These changes represent the most pro-growth tax environment we’ve seen in years, but they also come with new complexities. Navigating the expanded $6M limit while co-claiming capital expenditures requires a precise, documentation-first approach.
The money is on the table—North Group is here to help you collect it.
Whether you’re curious about how the new building deductions apply to your facility or you want to maximize your R&D return under the $6M threshold, our team is ready to audit your strategy. Contact us today for a Budget 2025 strategy session.
