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…
The Canada Revenue Agency (CRA) has developed an innovative tool for small businesses that are looking to calculate their estimated automobile benefits for employees or shareholders. Automobile Benefits Online Calculator allows businesses to enter and calculate their recommended automobile benefits to prorate to their employee’s pay periods. These amounts can then be added to an…
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…
Research and Development is a costly process that will not always yield the intended returns. However, it is a necessary process to promote growth and innovation within Canadian Industries. This is why the Canada Revenue Agency (CRA) is offering the Ontario Business Research Institute Tax Credit (OBRITC). Businesses who are considered eligible will receive a…
The Ontario Computer Animation and Special Effects tax credit (OCASE) is a refundable tax credit for corporations that perform eligible activities related to computer animation and special effects. On behalf of Ontario through the federal income tax system, the Canada Revenue Agency (CRA) runs this program and monitors it. For eligible activities, the credit is…
The Canadian critical minerals sector is seeing exciting developments from increased demand for EVs, to more countries diversifying their imports.
FedDev Ontario is investing $12.7 million to five agri-food businesses that will create new opportunities for growth and over 180 jobs.
This article will cover tips for businesses seeking to start exporting to foreign markets, as well as resources for utilizing domestic and international trade shows.
Bioenterprise Canada will receive nearly $2M for food processing companies to benefit from FoodShift’s green, net-zero initiative.
The Saskatchewan provincial government has introduced new programs in their 2022 budget that can help grow your business.