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We make it easy to grow your business in Ontario, Canada. We offer an array of government incentive programs and services that can lower your corporate taxes and help your business save on labour costs, R&D, and expansion activities.
Below is a sample of the available incentive programs and services.
The Jobs and Prosperity Fund provides grant and loan funding for projects in advanced industries (e.g. information technology, life sciences, advanced manufacturing) and food industries (e.g. food, beverage, and bioproduct processing).
Foreign Buyer Financing from Export Development Canada (EDC) provides financing to international customers, so that the agency takes on the risk of non-payment. Your customer receives extended payment terms and you receive payment according to your contract’s terms and conditions, so your business reaps the benefits of a cash sale.
Export Market Access (EMA) and CanExport offer combined funding of up to $130,000 to cover as much as 50% of eligible expenses, including activities such as business travel to target markets, participation at trade fairs and trade missions, registration fees and booth expenses.
Government grants for hiring and training abound for businesses operating in Ontario, with both federal and provincial programs offering as much as $20,000 or more to companies that hire and/or train workers. Here are just a few opportunities your business can cash in on when you hire in Ontario:
Additional programs include, but are not limited to, the Career Focus wage subsidy program, Canada Summer Jobs and the Industrial Research Assistance Program (IRAP) Youth Employment Program.
Depending on which region of Ontario you are based in, your business may be eligible for a region-specific funding to support business expansion.
Southwestern Ontario Development Fund (SWODF) provides grant and loan funding for economic development in southwestern Ontario. The funds support projects that create jobs, encourage innovation, collaboration and cluster development, and attract private sector investment.
Eastern Ontario Development Fund (EODF) provides grant and loan funding for economic development in eastern Ontario. The funds support projects that create jobs, encourage innovation, collaboration and cluster development, and attract private sector investment.
Northern Ontario Heritage Fund Corporation programs (NOHFC) offers the opportunity to invest in northern businesses and municipalities through conditional contributions, forgivable performance loans, incentive term loans and loan guarantees.
The Rural Economic Development Fund (RED) program helps remove barriers to economic development for communities in rural Ontario. With the support of the RED program, rural communities are better positioned to attract investment, create jobs and enhance economic growth.
Ontario-based businesses can benefit from a number of government grant and tax incentive programs that drastically reduce the cost of performing research and development activities. Opportunities include:
Grants, loans and tax incentives also apply to businesses operating in particular, high priority sectors including automotive and auto-parts manufacturing, aerospace and defence, agri-food and food processing, clean technology and life sciences.
Federal and provincial government funding programs support Ontario's role as one of the world's most progressive locations to perform automotive R&D. Automotive and auto-parts manufacturers can benefit from programs that include:
In addition to being eligible for many of the general funding and support programs available for research and development and business expansion, those in the aerospace and defence sector are eligible for sector-specific programs, such as:
The provincial and federal governments provide more than $3 billion in funding and support to Canada's agriculture and agri-food sector through a variety of grant and loan programs offered through Growing Forward 2 (GF2). In addition to free workshops and resources, GF2 funds activities that encourage innovation, competitiveness and market development.
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.
Provincial and federal funding programs support the development of clean technology and the implementation of energy conservation initiatives. Programs include:
In addition to an ecosystem made up of industry-leading research centres and hospitals, Ontario's life sciences sector benefits from a variety of lucrative funding and support programs:
The Province of Ontario wants to see your tourism investment succeed. It has developed support programs designed to reinforce your decision to invest, plan and grow.
Start-ups in Ontario can access funding and support services from the province and the federal government. Some of the opportunities include:
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All figures are in Canadian dollars unless otherwise noted. Information is accurate at the time of publication.