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Blockchain Development

Blockchain Development

Canadian Income Tax Incentives

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david regan

Partner-in-charge, Tax Incentives Practice

KPMG in Canada

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Blockchain innovation work could fit into Canada’s income tax incentive system for R&D activities. For every $100 of Ontario salary related to eligible R&D activities, your company could be entitled to up to $29 in tax credits or refunds. For small- and medium-sized Canadian controlled private companies, your company could be entitled to up to $69 in tax credits or refunds.

In some cases, Québec, British Columbia, Alberta, New Brunswick, Nova Scotia, Newfoundland, Saskatchewan and Manitoba offer additional benefits for R&D activity.

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