Canadian Manufacturers & Exporters (CME) and the Ontario Government launched a $25 million SMART Green program in 2016 to assist Small and Mid-sized Enterprises (SME) reduce greenhouse gases and improve energy efficiency. The SMART Green Program offers non-repayable grants up to $200,000 for 50% of eligible costs. The objective of this program is to encourage technology and process innovations … [Read more...] about Grants to Reduce Green House Gases in Ontario
How to Recover 93% of Your R&D Expenses?
In Canada, government funds are awarded to small- and medium-sized enterprises (SMEs) to help them enhance their research and development capabilities. Two such programs include IRAP (Industrial Research Assistance Program) and SR&ED (Scientific Research and Experimental Development). Both provide funding to SMEs striving for excellence in business innovation and growth. IRAP -Industrial … [Read more...] about How to Recover 93% of Your R&D Expenses?
Grants for Trade Shows and Export Market
Global markets play a crucial role in the progress, expansion and success of a business. Grants for export expansion offers a great opportunity for Canadian companies however, it is usually accompanied by unpredictable and unforeseen challenges. These may include government regulations, target market, language barriers, lack of market intelligence, product certification, etc. In order to … [Read more...] about Grants for Trade Shows and Export Market
Ontario SR&ED Budget Update
The recently released Ontario 2016 Budget made some modifications to the SR&ED program which could impact CCPC (Canadian Controlled Private Corporation) and non-CCPC significantly. Two Ontario SR&ED tax credits, namely - The Ontario Innovation Tax Credit (OITC) and Ontario Research and Development Tax Credit (ORDTC) have undergone reductions. OITC decreased from 10% to 8% and ORDTC from … [Read more...] about Ontario SR&ED Budget Update
How to Prepare For Your CRA SR&ED Review?
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?
Research and Development Tax Credits for Chemical Industries
On the off chance that you are running an operating business in the field of Chemical industry and are energetically occupied with innovative work of your products and processes you may meet all requirements for R&D Tax credits. This is one of the Federal Government programs and is known as the Scientific Research and Experimental Development(SR&ED). The program is intended to energize all … [Read more...] about Research and Development Tax Credits for Chemical Industries