Want to know how your business can receive tax credits for natural and organic R&D projects in the food and beverage industry? Read on about how SR&ED funding is commonly used in the agribusiness landscape.
Canadian government funding programs are used strategically to fund business activities via government grants, loans, tax incentives, and more
Discover how to identify and apply for the government funding programs ideal for your business’ unique growth plans and expenses.
There has been an increase to the Ontario Employer Health Tax exemption for 2020 from $490,000 to $1 million due to COVID-19.
Ontario small businesses can access corporate tax relief under the Ontario Job Creation Investment Incentive. Read more about its available offerings.
When performing research projects that involve technical risk or uncertainty, Canadian innovators should use government funding programs. These offset project costs and reduce risk, making exploratory innovations more achievable for SMEs. To innovate as efficiently as possible, companies should be aware of how incentives such as the Industrial Research Assistance Program (IRAP) and the Scientific…
Canadian government funding programs often use terminology that is difficult for applicants to understand. These terms may be uncommon, but they are significant and important to comprehend when it comes to developing competitive government funding applications. Applicants should have a basis to understand government funding programs, including the terminology used to talk about types of…
The Ontario Interactive Digital Media Tax Credit (OIDMTC) is a government funding program that provides financial support to software and digital application developers within the province. It entitles eligible interactive digital media developers to recover a portion of labour and marketing/distribution expenses attributable to both specified and non-specified products. These Ontario Creates tax credits will…
Hiring and training apprentices is a fundamental strategy for employers of skilled tradespeople. Yet for many employers, time and cash become obstacles to expand their team. Fortunately, the Government of Canada offers employers funding to offset the early-stage hiring and training costs of new apprentices. The Apprenticeship Job Creation Tax Credit (AJCTC) is one of…
Ontario-based interactive digital media companies have many options when it comes to accessing government funding for software production projects. In addition to federal grants and incentives, the Ontario Creates (formerly OMDC) also offers provincial funding programs to extend support for innovative software development and commercialization projects. These include digital media grants and tax credits designed…