Atlantic Canada SR&EDTax Credit Programs Receive Retroactive Research Tax Credits on R&D Projects. Most of the Atlantic Provinces in Canada offer provincial variants of the Canadian federal Scientific Research and Experimental Development (SR&ED) tax credit program. The Atlantic provinces that have SR&ED variants are New Brunswick (NB), Newfoundland and Labrador (NL), and Nova Scotia (NS). Currently, there…
SR&ED 101: A Holistic Approach to Government Funding How to Leverage Government Funding for Business Blending government funding programs together, such as the Industrial Research Assistance Program (IRAP) and Scientific Research and Experimental Development (SR&ED) program, can significantly improve your subsidies for business projects like research and development. This video helps businesses understand this process…
SR&ED 101: The “How” and “Why” of the SR&ED Tax Credit Scientific Research and Experimental Development (SR&ED) Tax Credit To be eligible for the Scientific Research and Experimental Development (SR&ED) program, a Canadian tax incentive program for research and development in Canada, applicants must have a clear “Why?” and “How?” in their claim. This Video…
Learn how to stack funding from Canadian Government grants, tax credits, and loans to maximize your funding amount to get closer to 100% of a projects cost covered.
Ontario Scientific Research and Experimental Development (SR&ED) Tax Credit Programs Receive Retroactive Research Tax Credits on R&D Projects. The Scientific Research and Experimental Development (SR&ED) tax credit program offers federal and provincial iterations, including three Ontario provincial variants that help to provide additional tax credits towards eligible innovative research and development projects. These programs are:…
Ontario businesses can leverage the Co-operative Education Tax Credit (CETC) to reduce the cost of hiring co-op students.
Ontario Interactive Digital Media Tax Credit (OIDMTC) Receive up to 40% in Government Tax Credits. Ontario Creates (formerly the Ontario Media Development Corporation) and the Canada Revenue Agency (CRA) administer the Ontario Interactive Digital Media Tax Credit (OIDMTC) to Ontario-based digital media businesses as a refundable tax credit towards eligible Ontario labour, marketing, and distribution expenses. Ontario…
Apprenticeship Job Creation Tax Credit Canadian Revenue Agency Receive a 10% Tax Credit to Cover Trade Training Wages. The Apprenticeship Job Creation Tax Credit offers a 10% tax credit to cover salaries and wages paid to training new apprentices in all trade professions in Canada. Apprenticeship Job Creation Tax Credit News
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…