Workshop- Grow Your Business with Government Funding
Are you a manufacturing, technology, or food processing company with operations in Canada? Sourcing funding from SR&ED tax credits, government loans, and direct government incentive programs can help accelerate your company’s expansion. Attend this workshop to learn from government funding experts about your eligibility for various funding programs and to learn how to secure funding […]
OIDMTC Supports Development of Digital Media in Ontario
The Ontario Interactive Digital Media Tax Credit (OIDMTC) is a refundable tax credit that supports the development of interactive digital media in Ontario. Eligible projects must be interactive digital media that includes content designed to educate, inform, or entertain that incorporates at least two of the following: text, images, or sound. The tax credit funds […]
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 […]
R&D incentive programs across the globe
In light of proposed changes to the SR&ED program announced in March’s federal budget, Canada retains a position as offering one of the most attractive R&D incentive programs globally. Let’s look at a few R&D tax credit programs across the globe to see how SR&ED stacks up. Currently, Canada’s SR&ED program offers a 35-percent refundable […]
Direct Government Funding – Benefits and Detriments
SR&ED and NRC IRAP are both substantial business support programs offered by the Canadian federal government. However, one of the major differences between the 2 programs is that NRC IRAP endorses direct up-front funding, whereas SR&ED is a tax credit for expenses that have already been incurred. In light of the recent Jenkins report, there has been […]