Tax Credit programs like SR&ED can have long wait times for innovative businesses. Tax credits from the CRA can take 3 to 12 months to process, impacting cash flow. Bonsai Growth Solutions can advance up to 75% of that expected return within 5-10 business days. If companies have accrued SR&ED from the current fiscal, Bonsai Growth Solutions can advance up to 75% of that claim.
There are also several federal and provincial government grants (such as IRAP, SIF, Scale AI, SDTC) that Bonsai can advance, enabling founders to access the funds sooner.
Bonsai’s services act as a bridge for start-ups and scale-ups, helping them secure the necessary funds to reach the next stage and become investor-ready. When the timing is right, they can then raise capital with greater confidence.
Contact the team at Innovation Factory and CITM to access the perks and services offered to clients by Bonsai Growth Solutions.
