Kibooco is a Vancouver digital media start-up developing an interactive platform for children to design and create their own books. As a start-up, the team behind the Kibooco vision had to develop a strategy to finance their project, and looked… Read more »
CME Smart Prosperity Now Still Accepting Applications for Equipment Purchases and the Attendance of Trade Shows
If your manufacturing company is situated in Southern Ontario and is planning on purchasing or upgrading equipment, or planning on attending an upcoming trade show, then you could be receiving a grant for 1/3 of your costs (up to $75,000)… Read more »
Manufacturers Will Divest of R&D if Capital Expenditures Exempted from SR&ED
A recent study released by Canadian Manufacturers and Exporters (CME) found that 69% of manufacturers would reduce research and activity activities, and 18% would shift their R&D to other jurisdictions if the federal government exempts capital expenditures from the SR&ED… Read more »
Minister Flaherty Tables Corporate Income Tax Changes
The Minister of Finance, Jim Flaherty, has tabled a detailed Notice of Ways and Means Motion to implement income tax reforms. The majority of the measures were related to corporate tax, and include an overhaul of the Scientific Research and… Read more »
OMDC Measuring OIDMTC Impact
The Ontario Media Development Corporation (OMDC) has engaged Ottawa-based economic consulting firm to spearhead a campaign to assess the impact of the Ontario Interactive Digital Media Tax Credit (OIDMTC) on Ontario’s economy and growing digital media industry. Nordicity is administering… Read more »
Canadian Businesses Encouraged to Invest in Economy
Canada’s corporate tax rate, reduced from 19% to 15% in 2012, currently creates a tax burden that is the second-lowest among developed countries, according to a recent KPMG survey. The central bank has held the main interest rate at only… Read more »