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 […]
Youth Employment Fund Helps Connect Employers with Skilled Young Workers
Through the provincial Youth Employment Fund (YEF), employers in Ontario can receive up to $6,800 to offset training and wage costs linked to a job placement for a young person. To be eligible for this hiring incentive funding, employers must be licensed to operate in Ontario and be compliant with health and safety and employment […]
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. […]