Industries regularly face challenges in gaining access to capital, minimizing time-to-market, and finding and keeping talent. In lieu of these challenges, the Provincial and Federal governments have introduced funding opportunities for innovative and expanding companies to be able to adapt and grow.
Programs of interest
Scientific Research & Experimental Development (SR&ED): A tax credit that provides funding for activities focused around innovation, new products or processes, and helping increase capital.
Ontario Interactive Digital Media Tax Credit (OIDMTC): A refundable tax credit for interactive digital media products based on eligible labour, marketing, and distribution expenses claimed by a qualified company.
Canada Small Business Financing Program (CSBFP): A loan program that partners with your financial institution to make their financing available to your small business.
Canadian Manufacturers & Exporters Association SMART Prosperity Now: To help companies determine the current state of operations and understand and overcome the barriers they face in the global competitive market.
Apprenticeship Training Tax Credit (ATTC): Available to employers who hire and train apprentices in certain skilled trades. The maximum credit for each apprenticeship is $10,000 per year per employee to a maximum of $40,000.
The Co-operative Education Tax Credit (CETC): Available to employers who hire students enrolled in a co-operative education program at a University or College in Ontario. A maximum credit of $3,000 per student per each work placement.
Ontario Power Authority SaveOnEnergy Programs (OPA): Reduce energy consumption and save money on facility energy bills.
NRC Industrial Research Assistance Programs (IRAP): Provides funding to qualified firms and their innovative research and development related projects.