Dealing with technology? You might be eligible for government funding

SR&ED (Scientific Research & Experimental Development) is an incentive program by the Canadian government that refunds companies involved in Research and Development (R&D). (See the information about the program on the CRA website.) Canadian companies that spend money on creating or modifying products or processes through experimenting are eligible for SR&ED. Any company that deals with technology (software and hardware development, machinery, printing etc.) may qualify. If you created an entirely new industrial process or improved an existing one, if you took a database driver and rewrote it so its performance doubled, if you came up with a fuzzy logic algorithm to facilitate scheduling - all of this may be eligible. Innovation, uncertainties you overcame, and technological advancement are the criteria for eligibility. Even failed experiments may qualify. Non-Canadian owned companies also qualify, if they pay salary in Canada.
The SR&ED program is available to companies involved in Research and Development (R&D). Eligible expenditures include your time, employee and subcontractors labour, materials and equipment. SR&ED money is given as a refund for work already done.
Read more about SRED

Government incentives for businesses - resource list

These resources are mostly for technology and/or design-related Canadian small businesses (some are applicable to other types of businesses as well).

SR&ED – government refund for companies doing research and development
http://www.cra-arc.gc.ca/txcrdt/sred-rsde/menu-eng.html

(Check here for more details on SR&ED or contact me at tania@sred4you.com for further information. I can help your company obtain SR&ED refunds.)

OITC (Ontario Innovation Tax Credit) – rider to federal SR&ED http://www.rev.gov.on.ca/english/forms/ct/pdf/0329f.pdf

A comprehensive searchable database of over 250 government programs and services that can help you implement your technology http://www.ic.gc.ca/eic/site/com-inv.nsf/eng/Home

Export Market Access (EMA) is a cost-sharing grant designed to help small to medium sized organizations take advantage of opportunities in foreign markets beyond the US. You can also get a grant for holding an event if it is export-related.

Federal Grants, Subsidies and Contributions Info-Guide with a special focus on entrepreneurs and start-ups http://www.canadabusiness.ca/servlet/ContentServer?pagename=CBSC_ON/display&c=GuideInfoGuide&cid=1184729523117&lang=en

http://www.trra.ca/en/reports/BusinessPrograms.asp - list of federal and provincial business programs

MINISTRY OF RESEARCH AND INNOVATION (Ontario) http://www.mri.gov.on.ca/english/programs/mri.asp

Ontario Business Program Guide http://www.ontario.ca/businessprograms

http://www.2ontario.com/software/government_programs.asp - list of programs with summary information, so you don't have to check each link separately

City of Toronto incentive programs (plus a limited summary of others)
http://www.toronto.ca/invest-in-toronto/incentives.htm

Ontario New Technology Tax incentive (ONTTI) http://www.rev.gov.on.ca/english/credit/ONTTI/

Ontario Business Research Institute Tax Credit (OBRITC) http://www.rev.gov.on.ca/english/notices/ct/6024.html

Apprenticeship training tax credit
http://www.rev.gov.on.ca/english/credit/attc/index.html

Other Ontario tax incentives
http://www.rev.gov.on.ca/english/credit/index.html

Canadian tax incentives for creative industries



Other Canadian resources for business






Province of OntarioFederal Government
GrantsChampions of Innovation http://www.oce-ontario.org/Pages/Rchamp.aspx

Other Ontario Centre of Excellence programs
http://www.oce-ontario.org/Pages/Home.aspx
NRC-IRAP technical advice grants
http://irap-pari.nrc-cnrc.gc.ca/main_e.html

Precarn – supports intelligent ICT commercialization
http://www.precarn.ca/about
Subsidized Loans
Canada Small Business Financing Program (CSBF) http://www.ic.gc.ca/epic/site/csbfp-pfpec.nsf/en/Home

Export Development Canada http://www.edc.ca/english/index.htm

Business Development Bank of Canada http://www.bdc.ca/en/home.htm

Canadian Commercial Corporation http://ccc.ca/eng/home.cfm
Idea IncubatorsMaRS Discovery District (MaRS) http://www.marsdd.com/

Communication Research Centre Canada (CRC) – advanced telecommunications focused http://crc.ca/en/html/crc/home/home
Venture CapitalOntario Innovation Demonstration Fond (IDF) – venture capitals and loans
http://www.mri.gov.on.ca/english/programs/idf/guidelines.asp

Investment Accelerator Fund (IAF)
http://www.oce-ontario.org/Pages/CInvest.aspx
Business Development Bank of Canada http://www.bdc.ca/en/home.htm

Canadian Youth Business Foundation
http://www.cybf.ca/



(This most helpful resource list is based on the one prepared by Michael Williams from TRRA and distributed during Toronto Tech Week 2008.)