The Ontario Production Services Tax Credit (OPSTC) is a refundable tax credit for small businesses across the Canadian province of Ontario. OPSTC applies to eligible expenses of domestic or foreign film and television production corporations. Please note that corporations cannot claim this tax credit if the Ontario Film and Television Tax Credit was claimed for the same…
FedNor is a Canadian Government funding organization that offers financing and government grant funding for small businesses in Northern Ontario through programs such as their Northern Ontario Development Program (NODP). FedNor sets high priority for business growth and competitiveness strategies by providing wage subsidies and government funding for small business capital investments and hiring activities….
The Federal Economic Development Agency for Southern Ontario (FedDev) will no longer be accepting new applications for the Applied Research and Commercialization Initiative as all of its funding has been fully committed for this fiscal year. Applied Research and Commercialization Initiative For those who were unaware of the program, the Applied Research and Commercialization initiative…
Canadian businesses that own commercial or industrial property, partially or entirely vacant, may be eligible for a rebate of Provincial Land Tax for the period of the vacancy. The Provincial Land Tax is a property tax imposed on land located in the unincorporated territories of Ontario, which do not have municipal representation. These taxes are…
View recent Ontario Government Disability Support Programs Employment Supports has launched the Disability Support Program in order to help people with disabilities prepare for work and find a job or start their own business. Some employment supports examples are the following: Job coaching Help keeping a job Help finding a job Help preparing for a…
UPDATE: For the most up to date information on this program, please visit the Ontario Scientific Research and Experimental Development (SR&ED) Tax Credit Programs page. The majority of research and development projects some degree of risk and moderate expense for the organizations conducting them. Nevertheless, R&D activities have become increasingly necessary, as global market competition…
Expenses related to one of the most relied on natural resources may be subsidized for your business through Canadian government funding. Small businesses in Canada are eligible for a tax credit for any gasoline purchased and used in any unlicensed business equipment. If your business buys gasoline for unlicensed equipment that may include farming, construction…
If you are planning to grow your business, the likelihood is that you will incur some expenses related to research and development. Businesses that currently operate in Ontario have access to a number of Federal and Provincial Tax Credits that will help support expenditures related to research and development activities. Research and Development Tax Credits…
This article is part of a two-part series discussing the Sectoral Career Focus Programs for Hiring Skilled Individuals . The Sectoral Youth Career Focus is supported by Human Resources and Skills Development Canada (HRSDC) and offers Canadian Government Grants for business internship opportunities involving recent post-secondary graduates. General Program Details for Canadian Government Grants The Sectoral…
Since its original release date back in 2010, the Career Focus Program has provided significant amounts of Canadian Government funding for small business through wage subsidized internship opportunities. In one of our previous blogs, we announced the exhaustion of funds for the ICTC Career Focus; however, there are still nine remaining Career Focus streams with…