How Boast Helped Companies Secure $900 Million in R&D Tax Credits Since 2018

Why It Matters

R&D tax credits provide non‑dilutive capital that can accelerate product development and improve cash flow, making them a strategic financing tool for growth‑stage tech companies across North America.

Key Takeaways

• Boast secured $900 M in R&D credits for North American firms.
• Canada contributed 45 % of total credit claims.
• Annual claim value grew 245 % since 2018.
• AI-driven platform cuts claim preparation time dramatically.
• Hard‑tech firms now eligible for capital‑expenditure credits.

Pulse Analysis

The research‑and‑development tax credit has become a cornerstone of non‑dilutive financing for North American tech firms. Boast’s 2026 Benchmark Report shows the company’s platform helped clients reclaim roughly $900 million USD in credits between 2018 and 2024, with Canadian claims representing 45 % of that pool. Claim volume surged from 52 firms in 2015 to more than 1,100 today, and the average annual credit value rose 245 % over the same period. By automating data collection and pairing tax specialists with finance teams, Boast turns a historically cumbersome process into a scalable growth lever.

Recent amendments to Canada’s Scientific Research and Experimental Development (SR&ED) program have broadened eligibility to include capital expenditures, a change that directly benefits hard‑tech, robotics and manufacturing companies previously sidelined by software‑centric rules. The report notes an audit rate of just five percent for software firms but a steep 16 % for manufacturing, underscoring the need for sophisticated claim preparation. Boast’s AI‑driven engine already accommodates the forthcoming form updates, positioning the firm to capture the newly available spend and reduce audit exposure for its clients.

Beyond cash flow, R&D credits are increasingly woven into corporate financial strategies. Growth‑stage startups cite credit recovery as proof of fiscal discipline, a metric that resonates with venture capitalists seeking disciplined capital allocation. Companies operating across Canada and the United States are now layering federal, provincial and state incentives to maximize recovery while avoiding double‑dipping, a complexity that Boast’s cross‑jurisdictional expertise addresses. As governments continue to refine incentive structures, platforms that combine tax knowledge with automation will likely become essential partners for firms aiming to sustain innovation without diluting equity.