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Financial Incentives

A choice of financial support programs

The following government programs and financial incentives can help offset hiring, job training, business development and research costs.


Program

Program Type

Automotive Supplier Innovation Program (ASIP)
$100 Million from 2015 to 2020 to help R&D projects to become commercially viable by supporting product development and technology demonstration on a cost-shared basis with participating firms.
Automotive, Start-up & Commercialization, Research & Development
Automotive Innovation Fund (AIF)
$750 million from 2013 to 2018 for automotive firms in support of strategic, large-scale research and development projects to build innovative, greener and more fuel efficient vehicles.
Automotive, Start-up & Commercialization, Research & Development
Automotive Supplier Competitiveness Program (ASCP)
A $5-million, two-year program to help smaller auto parts companies adopt the latest technologies and close technological gaps. This will help companies increase their productivity, adapt quickly to market changes and take advantage of new opportunities with larger manufacturers.
Automotive, Start-up & Commercialization, Research & Development
Canadian Urban Transit Research and Innovation Consortium
Centre to support R&D and commercialization of technologies -- such as lightweighting and autonomous software -- in partnership with the federal and Quebec governments.
Automotive, Start-up & Commercialization, Research & Development

Conservation Fund 
Funding for projects to develop or pilot innovative conservation programs, practices and technologies

Energy

Feed-in Tariff Program (FIT) 
Competitively awarded contracts for guaranteed pricing of energy generated from renewable sources, including: biomass, biogas, landfill gas, on-shore wind, solar photovoltaic (PV), and waterpower.

Energy

SaveonEnergy
Funding to support retrofits, energy audits, and energy management by offsetting up to 70% of costs.

Energy

Canada Small Business Financing Program 
Improves access to up to $1M in loan capital for small businesses by sharing the risk with lenders. Over $9B in loans made over the past 10 years.

Export & International

Canada's Foreign Trade Zone (FTZ)
Allows Canadian exporters to import goods to Canada duty and tax free anywhere in Canada through multiple programs: 
 Export & International

CanExport
Up to $50 million in direct financial support to small and medium sized enterprises (SMEs) seeking to develop new export opportunities and markets, particularly in high growth priority markets and sectors.

Export & International

Export Development Canada (EDC)
EDC works with Canadian companies and their banks to help reduce the financial risks associated with selling goods or services outside of Canada. Programs include:
Working Capital Financing
Buyer Financing
Direct Lending
Structured and Project Finance

Export & International

Global Growth Fund: Early Stage Exporters
Created to assist Ontario small to medium-sized enterprises (SMEs) to develop and grow their export markets, obtain new sources of capitalization/funding, and increase export sales of Ontario goods and services.
Export & International

Global Growth Fund: Export Market Access
Funds up to 50% of eligible costs incurred to develop export sales, including market research, marketing tools, direct contacts and foreign bidding projects.

Export & International

Investing in Business Growth and Productivity (IBGP)
Up to 25% of eligible costs for SMEs and 100% for not-for-profit organizations to expand their markets and facilities, adopt new technologies and processes to improve productivity, and increase business capacity to participate in global markets and integrate into global value chains.

Export & International

Investment Accelerator Fund
Invests up to $500,000 in early-stage companies that have the potential to be global leaders in their field and provide sustainable economic benefits to Ontario. Focus on IT, Health, and Cleantech.

Export & International

CME Smart Program 
Up to $100,000 for Ontario manufacturers to adopting new technologies that have the potential to improve productivity and increase competitiveness in the global economy.

Export & International, Research & Development

Ontario-China Research and Innovation Fund 
Up to $250,000 for Ontario tech companies, universities, and research organizations for a research project in China.

Export & International, Research & Development

Apprenticeship Completion Grant (ACG)
Grant of up to $2,000 for registered apprentices who have obtained their journeyperson certification in a designated Red Seal trade.

Hiring & Training

Apprenticeship Employer Signing Bonus (AESB)
A $2,000 bonus available to employers who hire, register, and train an apprentice as part of their participation in the Employment Service program.

Hiring & Training

Apprenticeship Incentive Grant (AIG)
Grant of up to $2,000 per person for registered apprentices who have finished their first or second year/level of a program in one of the Red Seal trades.

Hiring & Training

Apprenticeship Job Creation Tax Credit (AJCTC) 
A tax credit equal to 10% of wages (max. $2,000) paid to eligible apprentices.

Hiring & Training

Apprenticeship Training Tax Credit
Tax credit for 25% to 30% of eligible expenditures during the first 36 months of an employer's apprenticeship program.

Hiring & Training

Canada-Ontario Job Grant
Funding for up to two-thirds of training expenses (up to $10,000) for employers to purchase training for their employees.

Hiring & Training

Cooperative Education Tax Credit (CETC)
A refundable tax credit for 25% to 30% of eligible expenses (max. $3,000) available to employers who hire students enrolled in a co-operative education program at an Ontario university or college.

Hiring & Training

Summer Company
Helps young people between 15 and 29 years old start and run their own summer business by providing funding (up to $3,000), advice and services.

Hiring & Training

Ontario Computer Animation & Special Effects Tax Credit (OCASE)
A refundable tax credit for 20% of Ontario labour expenses available to corporations that perform computer animation and special effects activities.

Hiring & Training, Digital Media

Ontario Film & Television Tax Credit 
A refundable tax credit for 35%-40% of the eligible Ontario labour expenditures incurred by a qualifying production company with respect to an eligible Ontario production.

Hiring & Training, Digital Media

Ontario Interactive Digital Media Tax Credit 
A refundable tax credit for 35% to 40% of eligible Ontario labour expenditures for the creation of interactive digital media products.

Hiring & Training, Digital Media

Ontario Production Services Tax Credit 
A refundable tax credit for 21.5% of production expenditures in Ontario for an eligible film or television production. 

Hiring & Training, Digital Media

New Exporters to Border States Program (NEBS)
Training to give Ontario manufacturers, distributors, agents and other business professionals the tools they need to expand their business across the Canada - U.S. border.

Hiring & Training, Export & International

Global Growth Fund: Ontario Exporters Fund
Covers 50% of eligible costs (up to $80,000) associated with hiring an experienced Export Manager to assist SMEs to gain/increase access to international export markets.

Hiring & Training, Export & International

Xpansion Loan
Up to $250,000 long-term loan for a wide range of projects, including business expansion, hiring, marketing, and research and development.

Hiring & Training, Export & International, Research & Development

Experience Awards
The research internships minimize the cost for companies to hire undergraduate and allow them to consider the student for potential longer term employment after graduation.

Hiring & Training, Research & Development

Youth Employment Program (YEP)

Up to $30,000 towards the salary of a post-secondary graduate for 6 to 12 months, to help research, develop and commercialize new technologies.

Hiring & Training, Research & Development

Youth Employment Program - Green (Youth-Green)

Shared investment in the salary of a intern for 3 to 6 months for green economy sectors or industries, to produce an environmental benefit.

Hiring & Training, Research & Development

Agri-Innovations Program-Industry-led Research and Development Stream
Investments targeted at research and development activities that bring innovation to the agri-food sector (max. $5M, 50% of costs), and industry adoption/ commercialization of the research (max. $2M).

Research & Development

AIME (Achieving Innovation and Manufacturing Excellence) Global initiative
Up to $50,000 to offset the costs of training expenses related to supporting innovation and achieving a competitive advantage.

Research & Development

Canada Foundation for Innovation (CFI)
Several funds available to institutions to support innovative research on local, regional, and national scales.

Research & Development

College and Community Innovation Program
Enables Canadian colleges to increase their capacity to work with local companies, particularly small and medium-sized enterprises (SMEs). It supports applied research and collaborations that facilitate commercialization, as well as technology transfer, adaptation and adoption of new technologies. Several funds include:
Engage Grants
Applied Research and Development Grants
Innovation Enhancement Grants
Applied Research Tools and Instruments Grants

Research & Development

MITACS Accelerate
Solve your research challenges with university expertise, matching funds ($7,500), and one-to-one support from Mitacs. Internships start at four months and can scale up as much as you need.

Research & Development

Ontario Business Research Institute Tax Credit
A 20% refundable tax credit for qualified expenditures on scientific research and experimental development work performed in Ontario with eligible research institutes.

Research & Development

Ontario Innovation Tax Credit (OITC) - is a refundable tax credit that is available to all Ontario corporations that perform scientific research and experimental development (SR&ED). The OITC is calculated as 8% of qualifying SR&ED expenses. Qualifying expenses are 100% of current expenses and 40% of capital expenses, with a maximum annual credit of $240,000.

Research & Development

Ontario Research and Development Tax Credit
Qualifying corporations can claim a 4.5 per cent non-refundable tax credit on eligible scientific research and experimental development expenditures

Research & Development

Scientific Research & Experimental Development Tax Incentive Program (SR&ED)
An investment tax credit (ITC) of 20% to 35% of qualified expenditures for SR&ED carried out in Canada that will lead to new, improved, or technologically advanced products or processes.

Research & Development

Space Technology Development Program (STDP)
Financial and technical support for Canadian organizations (Industry, Academia, and Not-For-Profit) to perform R&D related to Mission Enabling and Generic Space Technologies.

Research & Development

Strategic Aerospace and Defence Initiative (SADI)
SADI provides repayable contributions to support research and development (R&D) projects in the aerospace, space, defence and security (A&D) sectors 

Research & Development

Sustainable Development Technology Canada (SDTC)
Different funds to support innovative, Canadian cleantech projects through development and demonstration:
SD Tech Fund ($915M)
SD Natural Gas Fund
SDTC/CCEMC Fund
SDTC/AI-EES
NextGen Biofuels Fund

Research & Development

Technology Demonstration Program (TDP)
Funding in support of large-scale technology demonstration projects in the aerospace, defense, space and security sectors

Research & Development

Agri-Innovations Program-Enabling Commercialization and Adoption Stream
Facilitate the pre-commercial demonstration, commercialization and adoption of innovative agri-based products & technologies

Start-up & Commercialization

Digital Accelerator For Innovation And Research (DAIR)
Provides Canadian entrepreneurs and small businesses with free cloud-based compute and storage resources that help speed time to market by enabling rapid and scalable product design, prototyping, validation and demonstration.

Start-up & Commercialization

Equipment Line
Financing the cost of new or used equipment so you can expand and modernize.

Start-up & Commercialization

Ontario Network of Entrepreneurs (ONE)
Funding and networking services for Ontario entrepreneurs

Start-up & Commercialization

Small Business Loan
Up to $50,000 to buy new equipment, software, hardware, or attend a tradeshow.

Start-up & Commercialization

Start-Up Loan
Loans for new businesses to invest in capital, assets, marketing, or consulting.

Start-up & Commercialization

Investing in Business Innovation (IBI)
Provides mentorship, entrepreneurial support and financing to help new businesses grow and succeed.

Start-up & Commercialization, Energy, Export & International

Canadian International Innovation Program (CIIP)
Fosters and supports collaborative industrial research and development projects with high potential for commercialization between Canada and partner countries.

Start-up & Commercialization, Export & International, Research & Development

Health Technology Exchange (HTX) 
Supports emerging and established Ontario-based companies to develop, produce and commercialize innovative market-leading advanced health technologies.

Start-up & Commercialization, Export & International, Research & Development

Financing and Mentoring
Up to $45,000 in financing, an expert business mentor for up to two years, and resources to help you plan, manage and grow your business.

Start-up & Commercialization, Hiring & Training

Build in Canada Innovation Program (BCIP)
Helps companies bridge the pre-commercialization gap by procuring and testing late stage innovative goods and services within the federal government before taking them to market.

Start-up & Commercialization, Research & Development

Industrial Research Assistance Program (IRAP)
Assists firms to develop, adopt and adapt technologies and incorporate them into competitive products and services to be commercialized in the global marketplace

Start-up & Commercialization, Research & Development

Ontario Centres of Excellence (OCE)
Industry-Academic R&D Collaboration, Commercialization, and Entrepreneurship. Funds Include:
Health Technologies Fund (HTF): Prototyping, Pre-Market, and Early Adoption
SmartStart Seed Fund: Supports entrepreneurs transition their start-ups from product development to market entry and company building
TalentEdge: provides internships and fellowships for students or recent graduates to industry or academia
GlobalStart Voucher Program: Provides Start-ups with an opportunity to be placed with a host incubator/accelerator in a emerging market outside of the United States and Canada for three to six months. 
- TargetGHG: $74 million emissions reduction program
And more...

Start-up & Commercialization, Research & Development

Other Sources for Funding Information:

Information Last Updated: December 2016