National grants, loans, income tax credits and help solutions for Ontario companies


We allow it to be simple to develop your business in Ontario, Canada. You can expect a myriad of federal federal federal government motivation programs and solutions that will decrease your taxes that are corporate assist your company save well on labour expenses, R&D, and expansion tasks.

General money and incentives for growing Ontario organizations

Funding, federal government funds and help for exporters

Foreign Buyer Financing from Export developing Canada (EDC) provides funding to worldwide clients, so the agency assumes on the possibility of non-payment. Your consumer receives payment that is extended and you also get re re re payment based on your agreement’s conditions and terms, which means that your company reaps the advantages of a money purchase.

Export Market Access (EMA) and CanExport offer combined funding as high as $130,000 to protect just as much as 50% of qualified costs, including tasks such as for instance company journey to target areas, involvement at trade fairs and trade missions, registration costs and booth costs.

Government funds to pay for the expense of employing and training

Government funds for employing and training abound for companies running in Ontario, with both federal and programs that are provincial just as much as $20,000 or maybe more to businesses that employ and/or train employees. Listed here are simply an opportunities that are few business can profit from whenever you employ in Ontario:

  • Access Mitacs funding programs to profit from research collaborations with skilled graduate and students that are post-graduate money starts at $15,000.
  • The Ontario Exporters Fund provides little and medium-sized companies with as much as $80,000 (up to 50percent of wage) by means of a non-repayable grant to hire a passionate Export Manager.
  • The Canada-Ontario Job Grant provides funding to people identified by companies in need of skill enhancement. The grant covers as much as two-thirds of qualified training costs, as much as at the most $10,000 per person.

Region-specific funding for companies in Ontario

Dependent on which region of Ontario you might be located in, your company could be entitled to a region-specific money to help company expansion.

Eastern Ontario Development Fund

This investment provides economic help to organizations, municipalities, and not-for-profit businesses for financial, development in eastern Ontario.
How it operates
Application deadlines and choices

Southwestern Ontario Developing Fund

This investment provides support that is financial organizations, municipalities and not-for-profit businesses for financial development in southwestern Ontario.
How it operates
Application due dates and choices

Funding for organizations in rural and Northern Ontario

Northern Ontario Heritage Fund business programs (NOHFC) provides the possibility to spend money on north organizations and municipalities through conditional efforts, forgivable performance loans, motivation term loans and loan guarantees.

The Rural Economic Development Fund (RED) system helps eliminate obstacles to financial development for communities in rural Ontario. Utilizing the help for the RED program, rural communities are better positioned to attract investment, create jobs and enhance growth that is economic.

Funds and incentives for innovation and R&D

Ontario-based organizations can gain from an amount of federal government grant and income tax incentive programs that drastically reduce steadily the cost of doing research and development tasks. Possibilities consist of:

  • Industrial Research Assistance Program (IRAP) offered through the nationwide analysis Council provides monetary help to qualified tiny and medium-sized enterprises (lower than 500 employees) in Canada to assist them to undertake technology innovation.
  • Scientific Research and Experimental Development (SR&ED) Program is a taxation motivation system that encourages Canadian organizations to conduct research and development in Canada. Coupled with various provincial R&D programs, this could lower your after-tax price of every $100 in R&D spending to between $37 and $61.
  • Additional income tax credits offered to revolutionary Ontario organizations are the Ontario Research and developing Tax Credit, the Ontario Innovation Tax Credit, the Ontario company analysis Institute Tax Credit as well as the Ontario Tax Exemption for Commercialization.
  • Ontario Centres of Excellence (OCE) Collaboration Voucher Program links Ontario organizations with all the province’s world-leading research organizations for increased efficiency and commercialization. The power of high performance computing power through its partners, OCE offers several funding streams for helping businesses improve productivity, adopt cutting-edge technology and harness.

Sector-specific funds, loans and help programs for Ontario companies

Funding for food processing businesses

The provincial and governments that are federal significantly more than $3 billion in financing and help to Canada’s agriculture and agri-food sector through a number of grant and loan programs offered through Growing Forward 2 (GF2). As well as workshops that are free resources, GF2 funds activities that encourage innovation, competition and market development.

Funding for Ontario’s life sciences sector

Along with an ecosystem comprised of industry-leading research centers and hospitals, Ontario’s life sciences sector advantages of many different lucrative support and funding programs:

  • Ontario organizations centered on big information and predictive analytics in medical may take advantageous asset of programs and solutions made available from IBM as well as the Southern Ontario Smart Computing Innovation Centre (SOSCIP) to get into computing that is advanced, technical expertise and funding for postdoctoral fellows and graduate pupils. Plus the Ontario analysis and Innovation Optical Network (ORION)’s contemporary, ultra high-speed system helps organizations transmit massive quantities of information to collaborate along with other innovators without experiencing bottlenecks.

National grants, loans and help for start-ups

Start-ups in Ontario can access financing and support solutions through the province while the government that is federal. A number of the possibilities consist of:

  • A wide variety of Ontario federal federal government funds and support programs for start-ups run by youth (under three decades of age), which offer young business owners with mentorship, training and resources, and funding up to $250,000.
  • As much as $500,000 in money and help through the MaRS Investment Accelerator Fund (AIF) for Ontario organizations when you look at the clean technology, ICT, and life sciences and medical sectors.