The first step when you find out that your SR&ED tax credit claim has been reviewed by the CRA (Canada Revenue Agency) is to read and understand the CRA concerns pointed out in the SR&ED Review letter. Usually there are three types of documents being requested by the CRA: 1-General information about the business such as organization chart or business registration. 2-Technical documents … [Read more...] about How to Prepare For Your CRA SR&ED Review?
IRAP Business Funding Program
What is IRAP? IRAP stands for Industrial Research Assistance Program, which is one of the vital components of the Canada's innovation systems. This program is part of the 2013 Federal Budget for National Research Council (NRC). The IRAP is regarded as one of the best business funding programs in Canada because the funding is non-repayable. Therefore you do not need to pay them back as long as you … [Read more...] about IRAP Business Funding Program
Hurry Up! Seed Financing for New Start-Up Businesses is ending soon
Starting Nov 2013, Ontario Centres of Excellence (OCE) and Extreme Startups partnered to further accelerate the growth of the next generation of technology companies businesses in the area of digital media and Information and Communications Technology (ICT). This collaboration was established to jointly deliver business advisory services, education and seed financing to qualified SmartStart … [Read more...] about Hurry Up! Seed Financing for New Start-Up Businesses is ending soon
Grants available to expand your business and take it to the next level
There are various grants available for small to medium size businesses in Canada to help starting or expanding your business. The business grants would be either from government or private sectors and will be delivered in the form of cash or tax credit. The available grants cover the following areas: Hiring and Training Initiatives Export Market Business Expansion Research and … [Read more...] about Grants available to expand your business and take it to the next level