Tag : Federal Budget

What is SR&ED? The Canadian R&D Tax Credit

In today’s business culture, technological innovation and rapid global expansion are driving businesses to invest more in research and development activities to give their organizations a competitive edge. The Canadian Government has recognized the importance of scientific research and experimental development (SR&ED) and has since released the SR&ED Investment Tax

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Skills Canada Grant Funding for Business Receives $8M

Skills Canada supported approximately 500 youth as they competed in over 40 different trade and technology competitions.  The Federal Government of Canada has recently announced that Skills Canada will be receiving over $8 million in Canadian government funding throughout 2012-2015 to promote careers in the skilled trades and technology and

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2012 Federal Budget Changes to SR&ED Program

In March, the 2012 Canadian Federal budget was released, which included various changes to its Scientific Research and Experimental Development (SR&ED) tax incentive program. The SR&ED Canadian government funding program helps compensate corporate tax paying companies of any size for conducting research and development activities in Canada. The new SR&ED

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IRAP Youth Employment Program Doubles Government Funding Budget

The Industrial Research Assistance Program’s (IRAP) Youth Employment Program (YEP) is designed to provide financial assistance to innovative small and medium-sized enterprises in Canada that are interested in hiring a post-secondary science, engineering, technology and trade, business and liberal arts graduate. Graduates work on innovative projects within the enterprise and may participate

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MaRS Event Series – Best Practices for Small Business

The MaRS organization is one Ontario’s largest and most well established not-for-profit groups to provide government funding for research and development. The organization’s goal is to support innovation by fostering collaboration between the worlds of science, business, and government. MaRS also provides useful advice and support to small businesses looking

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Canadian Agricultural Funding for Small Business – New Changes

Until recently, Federal agricultural funding for small business has been distributed through several regional councils located across Canada.  These councils have had the responsibility for assessing projects and allocating funding for local agricultural improvement programs for over 16 years. The Canadian Government has recently decided to delegate these responsibilities to

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Small Business Funding Grants – IRAP Accelerated Review Process

The Canadian Government provides funding support for Canadian SMEs to develop and commercialize their innovative products and technologies. The ARP program supports technical problem solving by providing grant funding for business research and development. The program has undergone some minor adjustments as a result of increases to the 2012 Federal

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