Productivity and Innovation Credit

For the Productivity and Innovation Credit, there are 6 activities that are covered and Pericom Imaging is “Acquisition and leasing of PIC IT and automatic equipment”. This grant allows businesses to enjoy 400% tax deduction up to $400,000 or 60% cash pay out up to $100,000.

Eligibility

All businesses, including sole proprietorships, partnerships, companies, registered branches and subsidiaries of a foreign parent or holding company, are eligible for PIC.

Claim Details

  • 40% cash payout
  • 4 to 8 weeks waiting time to get reimbursed

PIC Application Process

Productivity and Innovation Credit process tree