Did you know that businesses in Ontario are able to receive up to $3000 in tax credits to help with the hiring of a post-secondary co-op student? The Ontario Ministry of Revenue provides businesses with a tax credit for up to $2000 and small businesses with a tax credit of up to $3000. The size…
The technology sector is advancing at blazing speeds. It is becoming increasingly difficult to stay competitive with the increasing amount of innovations, especially for small businesses. Ontario businesses are being offered an opportunity to shave off some human resource expenses with the Ontario Centres of Excellence’s First Job program. Similar programs with funding available include…
The CME have released an update on available funding for 2011 – the Provincial Government of Ontario has decided not to recapitalize funding of the program in 2011 after the $4.2M that was awarded in February 2011. The dedicated funds will instead be utilized to eliminate deficit and bolster healthcare and education. It is not…
The Government of Ontario is providing funding to technology companies in the province to help grow economically sustainable companies and creating high-value jobs. Technology companies and entrepreneurs should consider this funding as a great opportunity to grow their business without increasing their debt. What is the IAF? Provided by MaRS, the IAF is a government…
The downturn of the economy has wreaked havoc on many small businesses’ cash budgets. Technology companies that invest in research and development of new innovations are finding it harder to bring their advancements to market due to these financial constraints. Fortunately, The Ontario Ministry of Research and Innovation has created the Innovation Demonstration Fund (IDF)…
How to Benefit from the Ontario Interactive Digital Media Tax Credit (OIDMTC) If you are an Ontario business that developed interactive digital media products, the OIDMTC can assist you with labour, marketing and distribution expenditures. Is My Company Eligible? Canadian companies that develop eligible products at a permanent Ontario establishment and file an Ontario tax…
Research and Development Support – Hiring Graduates Ontario Centres of Excellence offers support for Ontario Businesses to hire knowledgeable and highly skilled graduates from Ontario Colleges and Universities and the application process is open. The Provincially funded program provides employment opportunities to graduates with research and development expertise to bring results in developing new services,…
Announced in Waterloo on Sept. 25th, FedDev Ontario has launched the Graduate Enterprise Internship, an $80M initiative, a new hiring funding program for science, technical, engineering and math graduates and undergraduates to support mentorship and development with local SMEs in Southern Ontario. The program will support up to $15,000 of the costs of a six-month internship for someone who is…
Recently approved and good news for the areas of Kitchener-Waterloo, Guelph, Cambridge and Hamilton, University of Waterloo is now the delivery agency on behalf of Industry Canada for an internship program to promote the hiring of post-secondary graduates from local colleges and universities. U of Waterloo is now accepting applications for the 2010/2011 Small Business…
Another hiring program, and probably the most popular, is the Accelerate Ontario program. As Ontario’s Graduate Research Internship Program, the goal is to connect high-quality expertise from the province’s universities with Ontario businesses. The partner company contributes $7,500 and the funds are matched by Accelerate Ontario through Government Canada. The benefits to the company are…