Ontario incentive programs and services

We make it easy to do business in Ontario, Canada. One way your business can benefit is through access to an array of government incentive programs and services that can help you save money on corporate taxes, labour costs, R&D and more.

Below are only a sample of the incentive programs and services available to help you grow your business – contact us today to find out which programs and services can best serve your business needs.

New for 2015

The Jobs and Prosperity Fund is providing $2.5 billion over 10 years to enhance productivity, bolster innovation and grow Ontario’s exports. Businesses, business associations and entrepreneurs can get funding for projects to enhance productivity and help them compete in the global marketplace.

Innovation and R&D

The Scientific Research and Experimental Development (SR&ED) Program is a tax incentive program that encourages Canadian businesses of all sizes and in all sectors to conduct research and development in Canada. The SR&ED Program offers cash refunds and/or tax credits for expenditures on eligible R&D work done in Canada.

The Ontario Research and Development Tax Credit is a non-refundable tax credit. It is available to corporations that carry out scientific research and experimental development work in Ontario.

The Ontario Innovation Tax Credit is a refundable tax credit. It's available to all corporations that perform scientific research and experimental development in Ontario.

The Ontario Business Research Institute Tax Credit is available to qualifying corporations that performs scientific research and experimental development in Ontario under a contract with an eligible research institute.

Emerging Technologies Fund is a $250-million fund that matches investments in new technologies by venture capitalists and angel investors dollar-for-dollar.

The Ontario Venture Capital Fund is a $205-million fund that is a joint initiative between the Government of Ontario and leading institutional investors to invest primarily in Ontario-based and Ontario-focused venture capital and growth equity funds that support innovative, high-growth companies.

The Northleaf Venture Catalyst Fund is a joint initiative between the Government of Ontario, the Government of Canada, and institutional and corporate investors to invest in high-potential venture capital fund managers across Canada.

Ontario Tax Exemption for Commercialization is a 10-year tax exemption for new corporations that commercialize intellectual property developed by qualifying Canadian universities, colleges or research institutes

Regional Funding

The Eastern Ontario Development Fund and Southwestern Ontario Development Fund provide funding for economic development in eastern and southwestern Ontario, respectively. The funds support projects that create jobs, encourage innovation, collaboration and cluster development, and attract private sector investment.

The Southern Ontario Prosperity Initiatives are designed to invest in inspired and determined entrepreneurs, innovative and globally-oriented businesses and organizations, and strong and prosperous partnerships and communities, creating an advantage to compete both at home and abroad.

Northern Ontario Heritage Fund Corporation programs focus on the growth of existing and emerging sectors in Northern Ontario. The NOHFC offers five programs: the Strategic Economic Infrastructure Program, the Northern Community Capacity Building Program, the Northern Innovation Program, the Northern Business Opportunity Program and the Northern Ontario Internship Program.

Apprenticeship, training and education

Ontario's Apprenticeship Training Tax Credit gives companies a 35 - 45% refundable tax credit on salaries and wages for new apprentices.

Co-operative Education Tax Credit is a refundable tax credit available to employers who hire students enrolled in a co-operative education program at an Ontario university or college. The maximum credit for each work placement is $3,000.

Aerospace

The Strategic Aerospace and Defence Initiative (SADI) provides repayable contributions to support research and development projects in the aerospace, space, defence and security (A&D) sectors. SADI is available to firms of all sizes to support product, service or process innovation.

Automotive

Automotive Innovation Fund is a $250-million fund that supports strategic, large-scale R&D projects aimed at building more fuel-efficient vehicles.

Cleantech

The Smart Grid Fund is a $50-million fund that supports the growth of Ontario's smart grid by investing in projects that will enhance our electricity system and provide economic development opportunities. The fund provides targeted financial support to Ontario-based demonstration and capacity-building projects that test, develop and bring to market the next generation of smart grid solutions.

The Biogas Systems Financial Assistance Program helps accelerate the adoption of cleaner, greener alternative fuels and energy sources.

Food and Beverage Manufacturing

Growing Forward 2, a comprehensive federal-provincial-territorial initiative that encourages innovation, competitiveness and market development in Canada’s agri-food and agri-products sector.

IT/Digital Media

Emerging Technologies Fund is a $250-million fund that matches investments in new technologies by venture capitalists and angel investors dollar-for-dollar.

The Ontario Media Development Corporation offers a range of tax credits and funding programs applicable to businesses in book and magazine publishing, film and video, interactive media, and music.

Life Sciences

The Ontario Innovation Tax Credit is a refundable tax credit. It's available to all corporations that perform scientific research and experimental development (SR&ED) in Ontario.

Ontario Business Research Institute Tax Credit, available to a qualifying corporation that perform scientific research and experimental development in Ontario under a contract with an eligible research institute.

Emerging Technologies Fund is a $250-million fund that matches investments in new technologies by venture capitalists and angel investors dollar-for-dollar.

Manufacturing

The Advanced Manufacturing Fund is designed to promote the continued growth and productivity of Ontario’s advanced manufacturing sector by supporting large-scale transformative manufacturing activities, advancing adoption of cutting-edge technologies, establishing clusters or global supply chains and fostering collaboration between the private sector and higher education and research institutions.  

Mining

The Centre for Excellence in Mining and Innovation invests in research to assist mining companies in the areas of exploration, deep mining, integrated mine engineering, the environment and sustainability.

The federal Mineral Exploration Tax Credit awards investors in the flow through shares of mineral exploration companies working in Canada a 15% tax credit. Ontario provides an additional 5% credit for companies exploring in the province.

The Ontario Focused Flow-Through Share (OFFTS) Tax Credit is intended to stimulate mineral exploration in Ontario and to improve access to capital for small mining exploration companies.

 

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