Ontario Government Funding

Shifting Trends in Canadian Government Funding

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 the same time weā€™re seeing…

Maximize Funding for Digital Media with Grants, Loans & Tax Credits

Maximize Funding for Digital Media with Grants, Loans & Tax Credits

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 firmā€™s funding potential while improving project scope,…

SR&ED vs IRAP: An R&D Funding Comparison & Analysis

SR&ED vs IRAP: An R&D Funding Comparison & Analysis

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 of various R&D funding…

CRA Offers New SR&ED Tools & Services to Support Business Innovation

CRA Offers New SR&ED Tools & Services to Support Business Innovation

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 ā€œSelf-Assessment Learning Tool (SALT)ā€ and the ā€œFirst Time Claimant Advisory Serviceā€ (FTCAS), as a part of its Red Tape Reduction Commission Consultations (RTRC). Businesses can Utilize SALT…

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 Credit (ITC). Canada Revenue Agency…

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 policies and documents will be…

MaRS Event Series – Best Practices for Small Business

The MaRS organization is one OntarioĀ’s largest and most well established not-for-profit groups to provide government funding for research and development. The organizationĀ’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 to adopt the industriesĀ’ best…

Hiring Services for New Talent – University of Waterloo

A valuable resource that not enough Canadian businesses tend to take advantage of is the never ending stream of graduates and co-op students from post-secondary institutions. The utilization of these talent pools can be mutually beneficial for both parties; and even more so for the hiring organizations through their use of various Canadian Business Funding…

Ontario Research and Development Tax Credits for Small Businesses

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…

SR&ED Software – Presicion SR&ED

Many of our clients participate in SR&ED as as source of funding, however it is notorious for its complicated, demanding application process. Meet Precision SR&ED, a dedicated SR&ED software suite that provides Canadian business owners with the extensive project management and data collection features that are essential when tracking your business activity for SR&ED. Key…