How to receive $3K in Tax Credits for Hiring a Co-op Student

How to receive $3K in Tax Credits for Hiring a Co-op Student

Co-operative education options at Canadian colleges and universities are on the rise; this is good news for both students and employers. Many Canadian post-secondary institutions have a wide range of co-op programs that support a variety of industries. In fact, the University of Waterloo offers the world’s largest co-op program, growing over 58% in the…

Are you eligible for the AgriInnovation Program’s Industry-Led R&D Stream?

Are you eligible for the AgriInnovation Program’s Industry-Led R&D Stream?

The importance of the agricultural sector is clearly seen in both the impact it has on the Canadian economy and, consequently, the amount of government support provided. The AgriInnovation Program (AIP) is one of these Canadian government funding programs. AIP supports the development of innovative technologies that impact agri-food and agri-based practices, processes, and products….

Government Funding Approval Times

How Long are Grant and Loan Application Approval Times?

A wide range of government funding programs are periodically available to support businesses’ various strategic initiatives. However, applicants should be aware of the turnaround time on submitted applications before committing to a specific Canadian government funding program. Unlike tax credits, which focus on retroactive reimbursement, small business funding grants and loans require applicants to pre-plan…

BDC Market Xpansion Loan for Extending a Business’ Reach

BDC Market Xpansion Loan for Extending a Business’ Reach

In 2012, $1.13 trillion Canadian goods and services were traded. It is clear that exporting is a key component to our economic foundation. Whether companies are exporting or expanding into new markets domestically, the Business Development Bank of Canada (BDC) can provide funding to help businesses with their market expansion activities. The program is called…

BDC Technology Financing Options for ICT Purchases

BDC Technology Financing Options for ICT Purchases

The Business Development Bank of Canada (BDC) is dedicated to supporting business’ strategic advancement in the marketplace through financing options. One such option is focused on providing competitive financing options for ICT purchases, including hardware, software, and IT consulting services. BDC Information and Communication Technology Financing Details This program offers up to $500,000 as a…

BDC Working Capital Financing Options

BDC Working Capital Financing Options

In order to stay competitive in the modern business economy, companies must invest in R&D activities and adopt new technologies. Most companies incorporated in Canada have the opportunity to receive financing for these activities via the Business Development Bank of Canada (BDC)’s Working Capital Loan. This long-term financing option complements businesses’ existing line of credit…

SR&ED vs IRAP: An R&D Funding Comparison & Analysis

SR&ED vs IRAP: An R&D Funding Comparison & Analysis

Innovation has been identified by the Canadian government as an area of investment to fuel economic growth and prosperity. Thus, several research and development grants, loans, and tax credit are offered through the government to help promote innovation from Canadian-based corporations. It is important that Canadian SMEs understand the best application of various R&D funding…

Ajax-Pickering Board of Trade: Cash Flow Planning Event ft. Mentor Works

Ajax-Pickering Board of Trade: Cash Flow Planning Event ft. Mentor Works

On April 17, 2014, the Ajax-Pickering Board of Trade will be hosting an event at the Deer Creek Golf & Banquet Facility. Branded as “Show Me The Money!”, this event will focus on cash flow planning options to innovate and accelerate growth within Canadian businesses. With expert speakers, Q&A sessions, and networking opportunities, Show Me…

Guelph Food Technology Centre (GFTC) Legacy Fund for Co-op Students

Guelph Food Technology Centre (GFTC) Legacy Fund for Co-op Students

The University of Guelph has supported thousands of co-op students through relevant work employment around the world. While employers have historically had access to the Ontario Co-operative Education Tax Credit as their primary source of funding support for hiring these co-op students on work terms, companies in the agricultural sector, such as food processors, now…

Canada Media Fund: Experimental Stream 2014 Deadlines

Canada Media Fund: Experimental Stream 2014 Deadlines

The Canada Media Fund, a low interest loan for digital media companies, has announced its deadlines for all three segments of the Experimental Stream for 2014. We have discussed the Canada Media Fund Experimental Stream in the past, so please refer to our Canada Media Fund Overview Blog for more general information on the program….