Ontario’s Advanced Manufacturing: Igniting Growth & Innovation
In the heart of Ontario, a transformative opportunity is unfolding for the advanced manufacturing sector. Recognizing the pivotal role of innovation in fostering economic growth, the Ontario government has launched the Regional Development Program with a specialized focus on Advanced Manufacturing and Innovation Competitiveness. This initiative aims not only to bolster the advanced manufacturing industry […]
Sustainable CAP (Canadian Agricultural Partnership) Funded Programs of Interest
The agriculture and agri-food sector provides one in eight jobs and account for more than six percent of Canada’s gross domestic product (GDP). This is extremely valuable to our economy, which is why the Sustainable Canadian Agricultural Partnership (CAP) has been strengthened. This new 5‐year, $3.5 billion investment by federal, provincial, and territorial governments will […]
Empowering Ontario’s Manufacturing with Innovation
In the dynamic landscape of Ontario’s economy, the manufacturing and innovation sectors stand as cornerstones of success and competitiveness. These sectors not only drive economic growth but also contribute significantly to employment opportunities. In fact, manufacturing alone accounts for approximately 18% of Ontario’s GDP and supports over 12% of its workforce. However, the COVID-19 pandemic […]
ThriveForward: Empowering Ontario Start-Ups
In the vibrant landscape of Southern Ontario, the heartbeat of innovation echoes through the bustling streets and entrepreneurial spirit of its residents. Start-up businesses are the lifeblood of our neighborhoods and the driving force behind economic prosperity. However, the path to success often encounters a common hurdle: securing the necessary funds to foster growth and […]
Understanding the Four-Part Test for SRED Program Eligibility
The landscape of scientific research and experimental development (SRED) in Canada has evolved since its inception in 1944. The Canada Revenue Agency, in collaboration with the Canadian Government, has refined the SR&ED credit program to foster innovation across industries. This initiative allows companies to engage in research activities while mitigating their tax liabilities. Let’s delve […]
Myths vs Facts About SRED
Navigating the landscape of research and development (R&D) can be financially daunting for companies striving to enhance their products and innovation, especially if they have not heard of SRED. The intricate process of continual improvement necessitates substantial financial investment. To alleviate this burden, the Canadian Government offers a remarkable Research and Development tax incentive program […]
Federal SRED Legislative Changes and Understanding Bill C-97 Impact
In fostering innovation and research, legislative changes is crucial. Bill C-97, for example has implications for the SRED program.
SRED CRA Review Preparation
This article sheds light on the SRED CRA review process, offering insights on how to prepare effectively, minimize stress, and maximize claim success.
SRED Opportunities in the Evolving Cannabis Sector
The legalization of cannabis usage and private sales on October 7, 2018, marked a transformative moment for the cannabis industry. Long overshadowed by controversy, cannabis is now gaining recognition from prominent companies like Microsoft, Coca-Cola, Walmart, and Amazon due to its potential health benefits. Amidst this shifting landscape, the role of Scientific Research and Experimental […]
Maximizing SRED Refunds Using the Traditional Method
The SRED refunds or Scientific Research and Experimental Development program offers a lucrative opportunity for businesses to claim substantial tax refunds.