Manchester specialist tax consultancy Catax is opening an office in Canada as part of its first overseas expansion.
The firm is setting up in Vancouver to help businesses take advantage of Canada’s Scientific Research and Experimental Development (SR&ED) tax relief, which is very similar to the UK’s R&D tax credits. Canada was the first country in the world to introduce an incentive scheme for R&D in 1944 and now provides over $3bn in tax incentives for over 20,000 claimants each year.
This is the first time Catax has opened an office outside the UK since it was founded in 2008.
Catax, which currently works with businesses across the UK to claim R&D tax credits, Capital Allowances and Patent Box tax relief on intellectual property, will initially focus on building a client base around Vancouver in British Columbia, with plans to quickly expand throughout Canada.
The Canadian team will be led by Richard Hoy, president of Catax Canada, who joins the company from Ledcor, where he was senior vice president of operations.
Richard brings 28 years’ business experience having held senior leadership positions at Xerox, Lucent, Cable and Wireless, TELUS and Ledcor.
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