New Southern Ontario Prosperity Initiatives From FedDev Ontario
FedDev Ontario has announced their Southern Ontario Prosperity Initiatives, which will have funding available effective April 1, 2014. The 4 main programs under the Southern Ontario Prosperity Initiatives are: Investing in Business Growth and Productivity (IBGP) – Assists existing southern Ontario businesses to adopt new technologies that have the potential to improve productivity and expand […]
Changes to SR&ED T661 Form Effective January 1, 2014
The Canada Revenue Agency (CRA) has revised the SR&ED T661(13) form to accommodate the legislative changes coming into effect on January 1, 2014, and to ensure consistency with the consolidated SR&ED policy documents released in December 2012. The previous T661(12) version of the form can be submitted until December 31, 2013, but starting on January 01, 2014, […]
Eastern Ontario Development Program Renewed
The Minister of State, Gary Goodyear, announced that the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) will invest an additional $48 million to renew the Eastern Ontario Development Program (EODP). EODP was originally launched in 2004, and will re-launch in April 2014 for 5 years, and be delivered through 15 Community Futures Development […]
Canada and European Union Sign Free Trade Deal
Canada and the European Union have signed a tentative free trade deal under the Comprehensive Economic Trade Agreement (CETA). The highlights of CETA include: Canadian automakers will be able to export 100,000 cars a year, 12 times their current limit. Full access to EU markets for Canadian fresh and frozen fruit and vegetables, and for […]
Federal Throne Speech Promises Job Creation
The recent throne speech has reiterated the federal government’s focus on job creation. Although a deal has yet to be struck with the provinces, the government is intent on implementing the Canada Job Grant. When Ottawa’s labour market agreements with provinces expire next year, instead of allocating provinces $500 million a year to deliver training, […]
Kickstarter Crowdfunding Launches in Canada
New York-based Kickstarter, the world’s largesst crowdfunding platform, officially launched in Canada. Kickstarter’s crowdfunding model allows investors to pledge cash towards a project in exchange for products and perks, but the pledges are conditional upon the entire funding goal being met. The Canadian crowdfunding scene is currently dominated by Indiegogo. Prior to Monday’s official launch, […]
Federal Government Highlights Continued Support for SMEs via AJCTC, HCSB, and SR&ED
The Honourable Kerry-Lynne D. Findlay, Minister of National Revenue, and Peter Braid, Member of Parliament for Kitchener, recently participated in a round-table discussion with high-tech business owners at the Communitech Hub to outline their continued support for SMEs. The Apprenticeship Job Creation Tax Credit (AJCTC) provides businesses with a maximum credit of $2,000 per year for the first […]
New Brunswick Launches Growing Forward 2 Agricultural Programs
MP Mike Allen, on behalf of federal Agriculture Minister Gerry Ritz, and New Brunswick Minister of Agriculture, Aquaculture and Fisheries Michael Olscamp, announced program details for Growing Forward 2 to the agricultural and agri-food sector in New Brunswick. New Brunswick producers will have access to new and innovative agricultural funding programs with the support of […]
Shedding Light on the SR&ED Program
The Scientific Research and Experimental Development (SR&ED) program is one of the most lucrative incentive programs for companies working on technological development and product/process improvements. SR&ED can generate tax credits up to 68% on eligible labour costs. An analysis by the Canada Revenue Agency (CRA) showed that only 50% of eligible Ontario manufacturers have filed […]
Cornwall Business Expands with Assistance From the Southern Ontario Fund for Investment in Innovation (SOFII)
Chalk up another victory for Canadian government funding as MPIQC expands its facilities with assistance from the Southern Ontario Fund for Investment in Innovation (SOFII) program. MPIQC is an electronics manufacturer that provides products and services for a vast assortment of clientele including space and satellite, military and defense contractors, communication firms, government, automotive speciality […]