The Ontario Interactive Digital Media Tax Credit (OIDMTC)
Government Funding

The Ontario Interactive Digital Media Tax Credit (OIDMTC)

The Ontario Interactive Digital Media Tax Credit (OIDMTC) is a refundable tax credit administered by the Ontario Media Development Corporation (OMDC) and The Canada Revenue Agency (CRA). The tax credit is based on eligible Ontario labour, marketing, and distribution expenses and can be claimed by a qualifying interactive digital media company. OMDC also offers a…

Free Canadian Government Funding & Tax Workshop:  April 17th & 30th
Business Strategy

Free Canadian Government Funding & Tax Workshop: April 17th & 30th

Small and medium-sized businesses in Burlington, Ontario and the surrounding area are invited to visit a Free Canadian Government Funding & Tax Minimization Strategy Workshop co-hosted by Mentor Works Ltd; the Canadian government funding experts, and Richter LLP, professional tax, audit, and risk management consultants. Canadian Government Funding Workshop for Small and Medium-sized Businesses Funding…

Government Funding

Ontario Apprenticeship Training Tax Credit for IT Roles

The Apprenticeship Training Tax Credit (ATTC) is a refundable tax credit for Canadian businesses employing apprentices in certain skilled trades. Many businesses are surprised to hear the potential applications of these tax credits for Information Technology (IT) positions within their organizations. This article looks to provide some additional information on the IT related positions which…

Government Funding

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…

Government Funding

Ontario Production Services Tax Credit

The Ontario Production Services Tax Credit (OPSTC) is a refundable tax credit for small businesses across the Canadian province of Ontario. OPSTC applies to eligible expenses of domestic or foreign film and television production corporations. Please note that corporations cannot claim this tax credit if the Ontario Film and Television Tax Credit was claimed for the same…

Government Funding

Ontario Research and Development Tax Credit (ORDTC) for SR&ED Activities

The majority of research and development projects some degree of risk and moderate expense for the organizations conducting them. Nevertheless, R&D activities have become increasingly necessary, as global market competition increases and businesses are encouraged to innovate and improve their operations. The Ontario Research and Development Tax Credit (ORDTC) is a 4.5% non-refundable tax credit…

Government Funding

Canadian Small Businesses Tax Credit for Gasoline Usage

Expenses related to one of the most relied on natural resources may be subsidized for your business through Canadian government funding. Small businesses in Canada are eligible for a tax credit for any gasoline purchased and used in any unlicensed business equipment. If your business buys gasoline for unlicensed equipment that may include farming, construction…

Government Funding

Canadian Government Tax Credits and for Research and Development

If you are planning to grow your business, the likelihood is that you will incur some expenses related to research and development. Businesses that currently operate in Ontario have access to a number of Federal and Provincial Tax Credits that will help support expenditures related to research and development activities. Research and Development Tax Credits…

Canadian Tax Credits and Business Funding Grants for Hiring Apprentices
Government Funding

Canadian Tax Credits and Business Funding Grants for Hiring Apprentices

Apprenticeship Funding Update: Read about currently available grants and tax credits to support the hiring and training of apprentices. As mentioned by one of our previous articles regarding the recent allocation of Canadian Government Funding to Skills Canada, the Federal and Provincial Governments provide significant amounts of funding to encourage young Canadians to pursue successful…