IRAP and SR&ED: Innovation Requirements for Research Funding

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 Program (IRAP) and the Scientific…

Government Funding Terminology for Programs, Applicants, and Projects

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 to talk about types of…

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

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 Creates tax credits will…

Canadian Government Funding: Federal Apprenticeship Job Creation Tax Credit (AJCTC)

Canadian Government Funding: Federal Apprenticeship Job Creation Tax Credit (AJCTC)

Hiring and training apprentices is a fundamental strategy for employers of skilled tradespeople. Yet for many employers, time and cash become obstacles to expand their team. Fortunately, the Government of Canada offers employers funding to offset the early-stage hiring and training costs of new apprentices. The Apprenticeship Job Creation Tax Credit (AJCTC) is one of…

Ontario Interactive Digital Media Tax Credit

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 grants and tax credits designed…

Gain a Manufacturing Edge w/ Grants and Tax Incentives: June 22 in Gormley, Ontario

Gain a Manufacturing Edge w/ Grants and Tax Incentives: June 22 in Gormley, Ontario

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 to respond to new opportunities…