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⛏️📢 Canadian mining companies should be aware of major SR&ED updates that unlock new funding for core innovation projects! The Department of Finance has introduced the most significant enhancements to the SR&ED program in over a decade. These changes expand eligibility and increase potential tax credits, directly benefiting the mining sector. 🔑 Key highlights include: • Capital expenditures reinstated: Pilot plants, advanced mineral processing equipment, and exploration technologies are now eligible. • Higher ITC limits for CCPCs: Up to $1.575M in refundable credits now available. • Expanded access for public companies: New framework to claim 35% refundable credits. • More flexibility: Options for CCPCs to choose a revenue-based phase-out. For mining companies investing in pilot processing plants, mineral separation techniques, or low-carbon extraction methods, these updates mean larger, more valuable claims. 📘 Our Ryan team has broken down the legislation and what it means for Canadian innovators. Read the full update here: https://lnkd.in/gbwcWhuk