Summary of Provincial and Territorial R&D Tax Credits
The Canada Revenue Agency has recently released the most current summary of provincial and territorial R&D tax credits. Recent program developments by region include: Manitoba As of January 1, 2014, the definition of ‘eligible expenditures’ has been amended in line with the federal reduction in the prescribed proxy amount to 55%, and the reduction to […]
2015-2016 OMDC Interactive Digital Media Fund Details Released
As part of the April 23, 2015 budget, the Ontario government has injected additional funding into the OMDC Interactive Digital Media fund program to enhance its mandate. The IDM fund, aimed at enabling the creation of high quality, interactive digital media content that positively affect Ontario economy, is administered by the Ontario Media Development Corporation […]
Linking Government Grants to SR&ED: Business Expansion
In order to sustain a thriving economy, the government of Canada continually invests in business growth and expansion through various direct and indirect sources of funding. Over the past five years approximately 35% of Canadian gross domestic expenditure on R&D was financed by both direct and indirect government funding initiatives. Although the majority of financing […]
Upcoming Pack-EX Toronto Trade Show
The Pack-EX Toronto trade show is taking place at the Toronto Congress Centre from June 16th to June 18th, 2015 in Etobicoke, Ontario. There will be information seminars conducted by industry experts on topics such as 3D printing, industrial automation, and integrated quality management. This trade show is an excellent opportunity for businesses to showcase […]
Upcoming Funding Seminar for the Agri-Food Sector
On Tuesday, June 16, 2015, from 1:00 p.m. to 2:30 p.m., NorthBridge Consultants and Excellence in Manufacturing Consortium (EMC) is hosting a free seminar in Mississauga, Ontario, to help companies in the agri-food sector better understand government funding programs and Scientific Research and Experimental Development (SR&ED) tax credits, and especially how multiple government funding programs […]
Details From CME Smart Information Session
On April 1st, 2015, Canadian Manufacturers & Exporters (CME) held an information session outlining the details regarding the CME Smart program. The objective of this program is to support innovative projects that will integrate advanced technologies with products and processes to develop export opportunities. FedDev Ontario has injected about $18 million into this program, and […]
FedDev Announces Creation of Canadian Centre for Product Validation
On March 6, 2015, it was announced that London-based Fanshawe College in southern Ontario will be receiving an $8.1 million federal contribution to build a 20,000 square foot facility to validate and test industrial, internationally developed products for market. The Canadian Centre for Production Validation (CCPV) will be the first facility in Canada to offer […]
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 […]
Early Stage Exporters Fund
The Ontario Chamber of Commerce has released a new funding program called Early Stage Exporters (ESE). The ESE program will assist early-stage post-revenue companies to attend international trade shows, participate in outgoing or incoming missions, develop marketing tools, invest in market research, and participate in foreign bidding projects. The program will fund up to 50% of […]
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 […]