Linking SR&ED to OIDMTC Tax Credits
The Scientific Research and Experimental Development (SR&ED) tax credit provides support for digital media companies that are investing in innovative technologies and experimental development projects. Eligible companies can receive support for labour, materials, overhead, and subcontract costs related to scientific research or experimentation development. The SR&ED tax credit works seamlessly with other programs including the […]
Linking SR&ED to Government Grants: IRAP
The Provincial and Federal government work together to deliver funding programs to encourage companies to invest in innovation. The Scientific Research and Experimental Development (SR&ED) program funds R&D work conducted in Canada in the form of a tax credit. On the other hand, the Industrial Research Assistance Program (IRAP) provides grant funding for new technology-driven […]
Linking SR&ED to Hiring Grants
There are many different government funding programs available to Canadian companies. The Scientific Research and Experimental Development (SR&ED) program is $3 billion tax credit initiative that supports the R&D expenditures of Canadian companies. This program is very popular and well known, but there are several additional programs that are available to SR&ED recipients. One of […]
Linking Government Grants to SR&ED: Business Expansion
The Canadian government spends approximately 24% of GDP on direct and indirect funding programs for businesses. Of that 24%, about 21% is available for indirect funding and 3% is available for direct funding. The indirect funding category is comprised of tax credit programs, while the direct funding category is comprised of repayable and non-repayable grants. […]
Linking Government Grants to SR&ED: Capital Equipment
The Canadian government spends approximately 24% of GDP on direct and indirect funding programs for businesses. Of that 24%, about 21% is available for indirect funding and 3% is available for direct funding. The indirect funding category is comprised of tax credit programs, while the direct funding category is comprised of repayable and non-repayable grants. […]