RESAAS Welcomes SR&ED Policy Change That Delivers Refundable Credits to Public Technology Companies

Executive Summary

• The Canadian Federal Budget introduced refundable SR&ED tax credits for publicly traded technology companies, making RESAAS eligible for cash refunds on qualifying R&D.
• Refundable credits are retroactive to January 1 2025, providing a non‑dilutive, non‑debt source of capital that strengthens the company’s financial position.
• RESAAS expects a meaningful portion of its 2025 technology development spend to generate cash inflows, supporting continued innovation and growth of its real‑estate data platform.

Key Details

• Policy Change: Federal Budget 2025 adds refundable SR&ED credits for public tech issuers (previously only for private firms).
• Eligibility Date: Effective retroactively from January 1 2025.
• Financial Impact: Anticipated cash refunds will convert R&D expenditures into non‑dilutive, non‑debt capital; expected to improve liquidity and fund further platform development.
• Company Statement: CEO Tom Rossiter highlighted that prior SR&ED credits were only investment tax credits, creating a credit balance; the new refundable mechanism will provide direct cash refunds.
• Advocacy Role: RESAAS previously lobbied for this change alongside TMX Group and Canada’s Department of Finance.
• Future Outlook: The company projects that a “meaningful portion” of its 2025 technology development budget will be offset by refundable credits, supporting ongoing innovation and growth initiatives.

Notable Quotes

“The investment RESAAS has made to date in its technology platform has only qualified for SR&ED Investment Tax Credits… RESAAS will now receive refunds from the Federal Government for its investments made in technology advancement.” – Tom Rossiter, CEO, RESAAS Services Inc.