Finding government funding for video game development is not as tough as you may think. Canada is home to successful game studios thanks to grants and loans.
The two most common research funding initiatives are IRAP and SR&ED, but how do they differ and which can best support your business?
Government funding for research and development (R&D) activities is widely popular. There are many different funding programs and mechanisms available to help businesses offset the costs (and risks) of engaging in R&D. This helps Canadian businesses to reduce the time it takes to develop a new product or service.
When Canada’s federal budget was released on March 19, it gave Canadians another look at the Liberal party’s spending strategies. Like previous years, the federal government is staying committed to investment aimed at boosting the economy, especially as it relates to middle-class families. However, Budget 2019 also provided many great
When performing research projects that involve technical risk or uncertainty, Canadian innovators should use government funding programs. These offset project costs and reduce risk, making exploratory innovations more achievable for SMEs. To innovate as efficiently as possible, companies should be aware of how incentives such as the Industrial Research Assistance
The Canadian manufacturing industry has reasons to be cautious, yet optimistic in the short-term future. In February 2016, the industry’s contribution to Canada’s gross domestic product (GDP) rose by 1.5%, yet as a whole, industry sales dropped by 1.6%. As the Canadian business landscape changes, manufacturing executives must understand how
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
There are several options for companies engaged in developing interactive digital media products in Canada, including: Ontario government grants, Canadian small business loans, and both national & provincial tax credits. It is important to understand the difference between these funding instruments in order to maximize a digital media firm’s funding
Innovation has been identified by the Canadian government as an area of investment to fuel economic growth and prosperity. Thus, several research and development grants, loans, and tax credit are offered through the government to help promote innovation from Canadian-based corporations.
It is important that Canadian SMEs understand the best application
Earlier this month the Canada Revenue Agency (CRA) launched two tools for innovative businesses that are interested in learning about SR&ED tax credits. The tools are called the “Self-Assessment Learning Tool (SALT)” and the “First Time Claimant Advisory Service” (FTCAS), as a part of its Red Tape Reduction Commission Consultations