The Scientific Research and Experimental Development (SR&ED) tax credit was developed to encourage companies to undertake research and development in Canada. But once you have submitted a claim for the tax credit, how long does it take to see the… Read more »
Eastern Ontario Development Program (EODP) Funding Promotes Economic Development in Eastern Ontario
The Eastern Ontario Development Program (EODP) is designed to promote economic development for companies in eastern Ontario by funding key business development projects. Delivered through regional organizations, the funding of up to $100,000 per year or a maximum of 50%… Read more »
Rise in Canadian Manufacturing Sales for May 2013
StatsCan released their monthly survey results for May which examined sales within the Canadian manufacturing industry. Overall, manufacturing sales increased by 0.7% to $48.6 billion in May 2013. The below chart illustrates the monthly change in Canadian manufacturing sales since… Read more »
Ontario Government Scraps Repeal of the Industrial Exception in Professional Engineers Act
We recently blogged about a press release by the Professional Engineers Ontario (PEO) indicating a repeal to the Professional Engineers Act to remove section 12(3)(a) – “Industrial Exception.” The removal of the “Industrial Exception” would mean that engineering work on… Read more »
Aerospace Technology Demonstration Program is Economic Action Plan’s Newest Funding Initiative
The Canadian aerospace industry is made up of over 700 companies and employs more than 170,000 Canadians according to the Aerospace Industries Association of Canada. In Canada, the aerospace industry generates over $42 billion in revenue and can be split into… Read more »
Digital Technology Adoption Pilot Program (DTAPP) and Small Business Funding to Assist With the Adoption of Digital Technologies
Congratulations- by reading this blog you fall into the 87% of Canadian enterprises that use the internet during the daily activities of your business. With such a high internet usage rate, why is it that in 2012 only 45% of… Read more »
The High Cost of Ontario Power Rates for Manufacturers Can Be Offset by Government Programs
Ontario’s high power rates could be a deterrent for companies to locate in the province. According to the Association of Major Power Consumers of Ontario, industrial customers within the province pay approximately $85 per megawatt hour, which is more than… Read more »
Extension of Accelerated Capital Cost Allowance (ACCA) Provides Tax Relief for Manufacturers
The recent federal budget of 2013 highlighted several initiatives aimed at strengthening the competitiveness of the manufacturing sector. New sources of Canadian business funding and renewal of previous initiatives provides extra incentives for manufacturers to advance their business to the… Read more »
Canada’s Performance in Innovation
Ottawa based think tank, The Conference Board, released a series of reports called “How Canada Performs: A Report Card on Canada,” which assesses Canada’s quality of life in comparison to other countries. Canada receives grades of “B” in the majority… Read more »