Discrediting SR&ED Misconceptions
Many Canadian businesses do not take advantage of the SR&ED tax credit program because they believe their project and/or costs are not eligible, but this belief is often guided by common misconceptions.
Many Canadian businesses do not take advantage of the SR&ED tax credit program because they believe their project and/or costs are not eligible, but this belief is often guided by common misconceptions.
Through the Agri-Food and Bio-Industrial Innovation Program (ABIP), Alberta-based applicants can receive up to 75% to a maximum of $500,000 to reduce greenhouse gas-emissions by helping to develop new agri-food technology, systems, and/or processes.
Ontario is investing up to $5 million to help provide funding for Ontario businesses to develop and adopt cybersecurity innovation.
Via the International Technology Partnership Program (ITP), eligible applicants can receive up to $250,000 in grant funding towards commercializing a new product.
Via the Industry Commercialization Associate Program (ICAP), eligible applicants can receive up to 75% to a maximum of $120,000 in grant funding towards an associate employee’s salary per year for up to two years.
Through government funding support since 2021, Ryan, has helped Creyos Health access over $1.6 million in grants and loans for innovation and economic growth projects.
The Green Freight Program Stream 1 provides grants up to $250,000 per applicant towards third-party fleet energy assessments and truck/trailer equipment retrofits.
Government funding supports Canadian wineries by helping access equipment, hire and train new staff, adapt sustainably, hire third party support, and assist on critical projects.
The Pacific Economic Development Agency of Canada’s (PacifiCan) investment of over $4 million into two Indigenous-led organizations’ cleantech projects showcases the powerful impact that government and communities can have together.
