Canadian Federal government offers two incentive programs to facilitate companies to enhance research and development; the Industrial Research Assistance Program (IRAP Funding) and the Scientific Research and Experimental Development (SR&ED). Both programs are designed to help businesses conduct research and development to increase economic growth. Although both programs share the same goals, … [Read more...] about IRAP Funding or SR&ED Program?
Business Grants
Tax Credits and Research Grants for Farming, Agriculture and Food Industries
Farming, Agriculture, and Food Industries need advancement in research and development with increased pressure of population. That is why government is encouraging the companies working in Farming , Agriculture and Food by providing R&D funding and research grants. Common eligible project examples for research grants in Agriculture and Farming industries are: Environment-friendly … [Read more...] about Tax Credits and Research Grants for Farming, Agriculture and Food Industries
SR&ED Tax Credits, Clean Technologies, Renewable Energies
Canada is leading the whole globe in clean technologies and renewable energies with 100 clean energy technology companies currently working to make this world a better place to live. With focus on energy efficient solutions, clean technology initiatives work environmentally-conscious and low-carbon solutions. SR&ED are tax incentives which encourage clean technology and renewable … [Read more...] about SR&ED Tax Credits, Clean Technologies, Renewable Energies
Tax Credit for Pulp and Paper Companies
If you are in the Pulp & Paper industry, then this article will provide you with the key guidance on claiming your SR&ED tax credit. Before we go into the details, we must make sure who is covered and who is not covered. Targeted Claimants for SR&ED Tax Credit If you are from the logging, forestry or wood products sectors, then this guidance article will not be relevant to you. Your … [Read more...] about Tax Credit for Pulp and Paper Companies
SR&ED Tax Credits for Canadian Provinces
The emphasis on scientific development and experimental development, or simply SR&ED, in Canada can be seen in two levels. Not only the federal government in Canada promotes SR&ED, the provincial as well as the territorial government are also encouraging it. The federal SR&ED program and the provincial tax credit programs together form a solid platform to initiate R&D. These two … [Read more...] about SR&ED Tax Credits for Canadian Provinces
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