Ontario Made Manufacturing Investment Tax Credit
The provincial budget tabled a few weeks ago shed some light on a new Ontario Made Manufacturing Investment Tax Credit, a 10% grant on the cost of eligible manufacturing equipment and buildings (acquisition, construction or renovation of the buildings for manufacturing purposes).
The program is a...
2023 Federal Budget: New Grant Opportunities
New 2023 Federal budget is heavily focused on clean and green technology adoption by introducing three new tax credits:
Clean Technology Manufacturing Investment Tax Credit – 30% of the cost of new machinery and equipment used to manufacture or process key clean technologies, and extract,...
What’s in the 2023 Ontario budget for you?
The province of Ontario tabled the new 2023 budget, so we are happy to share that several new funding programs were announced, and the funding for some of the existing programs was renewed.
Ontario introduced an Ontario Made Manufacturing Investment Tax Credit, a 10% grant on the cost of...
New Tax Credit is Coming Soon
Next week both the provincial and Federal government will announce the budgets for the next fiscal year starting April 1, 2023. There are several new programs we expect and we will keep you posted. But the good news about some of those new programs just came out.
Ontario introduces an Ontario...
BC Manufacturing Jobs Fund
Amount: 20% of the equipment & related cost with the maximum amount of $10M.
...
IRAP Reform is Coming
Industrial Research Assistance Program (IRAP) is one of the oldest and most popular government funding programs for research & development. It is available for most of the established technology, manufacturing and agri-food firms that have specific upcoming R&D projects with a defined...
CME Technology Investment Program – Southern Ontario Grant for Equipment
Amount: 50% of the project cost up to $50,000.
...
Digital Competence Center Grant vs Canada Digital Adoption Program
As you may know, recently, the Ontario government launched a Digital Competence Center grant program that helps businesses determine the right technology for them and then implement the solution.
This launch created confusion between this new DCC grant and the Canada Digital Adoption Program...
The CanExport Program is Back
We are happy to share with you that CanExport will start accepting applications again beginning February 15, 2023, for projects starting on or after April 1, 2023.
The program expanded the list of eligible costs in the intellectual property protection category, but there are no other major...
Intake Started: AMIC grant for expanding manufacturers
The Advanced Manufacturing and Innovation Competitiveness (AMIC) Stream has launched a new round of intakes on February 1, 2023. The program aims to provide financial support to Ontario-based advanced manufacturing companies with a focus on small and medium-sized enterprises.
It will facilitate...
