With this relief, companies can significantly reduce the costs associated with marketing activities, which encourages their growth and expansion into new markets.
What does the expansion relief cover?
The expansion tax credit allows for the deduction from income tax of qualified expenses related to:
Benefits of the expansion allowance
With the expansion tax credit, companies can effectively increase their market reach, expand their business and strengthen their competitive position by investing in activities that promote their products and services.
In order to take advantage of the expansion tax credit, entrepreneurs must properly document the expenses incurred for marketing, advertising and product promotion. These expenses must be directly related to the company's business activities and aimed at increasing its sales revenue.