Tag : Tax Credits

IRAP and SR&ED: Innovation Requirements for Research Funding

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

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Government Funding Terminology for Programs, Applicants, and Projects

Canadian government funding programs often use terminology that is difficult for applicants to understand. These terms may be uncommon, but they are significant and important to comprehend when it comes to developing competitive government funding applications. Applicants should have a basis to understand government funding programs, including the terminology used

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Do You Qualify for the Ontario Interactive Digital Media Tax Credit?

The Ontario Interactive Digital Media Tax Credit (OIDMTC) is a government funding program that provides financial support to software and digital application developers within the province. It entitles eligible interactive digital media developers to recover a portion of labour and marketing/distribution expenses attributable to both specified and non-specified products.
These Ontario

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Ontario Interactive Digital Media Tax Credit

Ontario-based interactive digital media companies have many options when it comes to accessing government funding for software production projects. In addition to federal grants and incentives, the Ontario Creates (formerly OMDC) also offers provincial funding programs to extend support for innovative software development and commercialization projects. These include digital media

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