Provinces and territories are working with the Canadian government to develop a low-carbon economy. The federal government’s current strategy is to let provinces develop a plan for how they will achieve individualized carbon-reduction goals. This regional approach, as opposed to a ‘one size fits all’ model helps provinces develop a tailored plan that respects industries…
There are a vast selection of government grants, loans, and tax incentives that manufacturers can use to reduce project expenses. Whether Ontario manufacturers invest in hiring and training projects, research and development, business/market expansion, or are improving their productivity through technology adoption, Ontario government grants are available to reduce the cost (and risk) of project…
The Globe and Mail recently reported on a shifting trend in Canadian government funding: changing rules to the popular Scientific Research and Experimental Development (SR&ED) tax incentive program have resulted in declining claims. According to the Globe and Mail, SR&ED payouts have reduced by over $1 billion since 2008. At the same time we’re seeing…
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…
Since 2012, the Canada Revenue Agency (CRA) has been working closely with several stakeholder associations in an effort to improve service to Canadians and cut red tape for small business owners across the nation. Stakeholders involved in the process include the Canadian Federation of Independent Business (CFIB), the Canadian Chamber of Commerce, the Chartered Professional…
As the summer approaches, many businesses are currently in search of seasonal student labour to help manage their increases in market demand. The Canadian Government has offered several wage subsidies and tax incentives to encourage employers to hire students that would be planning to return to school in the fall. Provincial Wage Subsidy Ontario…
Small Businesses in Canada operate with a wide variety of options to choose from regarding government incentives for Scientific Research and Experimental Development Programs (SR&ED). The government realizes the potential benefits of R&D projects along with the risks and costs associated with it. Therefore, the Canadian Government has released various tax credits which can be…