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Date Published: July/ August 2019
Title:
Women in
trade investments program |
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Export
Development Canada (EDC) has announced a new $50 million Women in Trade
Investments Program to provide equity capital specifically designed to help
Canadian women entrepreneurs specifically interested in developing or expanding
their export reach. |
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Date Published: June 2019
Title:
Dos and
don'ts for obtaining government funding for your business |
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Recently my firm
reached out to multiple senior government officials and asked them to provide us
with their observations on how best to obtain government funding. If you think
you are eligible for government funding support, this is an important read. |
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Date Published: May 2019
Title:
Budget
2019: What's in it for the Graphics Industry |
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Election year
budgets are always a chance for the government in power to shower both taxpayers
and businesses with presents. This year, it's a renewed commitment to encourage
innovation in the small to medium sized (SME) business community. Let’s see
what’s in the budget for your business.. Read
on. |
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Date Published: April 2019
Title:
Accessing
wage subsidies for your student workers |
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Are you in the
process of upgrading your technology to stay competitive? If so, it's that time
of year again when skilled postsecondary students become available to join the
workforce. There's a wage-subsidy initiative that can help you hire them. Read
on. |
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Date Published: March 2019
Title:
Women Entrepreneur
Fund |
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The federal
government is making funding available through the Women Entrepreneurship Fund,
with the objective of providing support to women to grow their businesses and
facilitate their pursuit of opportunities in markets abroad. |
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Date Published: December 2018 /January 2019
Title:
Futurpreneur - is it for you? |
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Futurpreneur
Canada is the only national, non-profit organization that provides financing,
mentoring and support tools to aspiring business owners aged 18-39. If you
qualify, you could be eligible for as much as $45,000. |
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Date Published: October, 2018
Title:
Provincial
funds available for businesses in Ontario |
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Ontario provides
funds to support projects that create jobs, encourage innovation, collaboration
and cluster development, and attract private sector investment. Could this
change your too costly project into an attractive ROI, and take your business to
the next level? Learn more. |
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Date Published: September, 2018
Title:
Looking for
export opportunities at SGIA? |
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Are you looking
for opportunities to begin an export business or to enhance your existing export
presence? There are risks to venturing into an unfamiliar market or one
that does not necessarily respect Canadian ways of doing business. That is why it's important to
know about Export Development Canada (EDC). |
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Date Published: July/August, 2018
Title:
Provincial
funding can help with implementing inkjet technology |
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Just in time to
help you upgrade your shop and employee skill levels, many provinces have upped
their support for research and development, venture capital funding, and
training support. This article looks at new or improved funding support from the
provinces. |
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Date Published: June, 2018
Title:
Get grants
that support smart packaging developments |
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The latest
federal budget has introduced many new incentives
for research and development. These programs support small to medium sized
enterprises, with the objective of increasing their capabilities to
develop and commercialize their innovations. |
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Date Published: May, 2018
Title:
Are you
getting all the grants and tax credits you're entitled to |
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Just recently,
Innovation, Science and Economic Development Canada announced that it will
provide $950 million to five innovation superclusters spaced evenly across the
country. Is your business getting its share of available funding? |
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Date Published: April, 2018
Title:
Tap into
help from the Ontario Network of Entrepreneurs |
|
Are you just
starting a business in the or are you ready to take your business to the next
level? If so, you need to know about the Ontario Network of Entrepreneurs (ONE).
ONE is a complex web of 130-plus independent organization members aimed at
supporting the growth of Ontario businesses at different stages of development. |
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Date Published: March, 2018
Title:
Use grants
to take you to the next level |
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“If you don’t know where you are going, you might wind up someplace else,” —
Yogi Berra, philosopher
Often in business we think we should be heading in one direction only to have
our customers tell us, that they want us to head somewhere else. While it may be
for the good, it may not be ideal for maximizing government grants. |
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Date Published: February, 2018
Title:
Will the
research and development tax incentive be scrapped |
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Are you planning on beginning a new innovation project in order to develop
a new product, enhance an existing product, or improve your production processes
in a way which would make them better, faster or cheaper? Then this column is a
must read, and the sooner the better. |
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Date Published: December/January, 2017-2018
Title:
TFSA or RRSP? |
|
As the tax filing season is here once again, it is time to think about how best
to maximize your financial wealth. This article provides tips for taxpayers of
all ages, all income brackets, married or single, and of course, with different
savings objectives. |
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Date Published: November, 2017
Title:
Career Focus Program Funding for skills upgrading |
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Do you want to expand your workforce but recognize that you will incur
substantial skills training costs? This spring, the Government of Canada
introduced the Career Focus Program to provide funding for employers to design
and deliver a range of activities that enable youth to develop career required
skills. |
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Date Published: October, 2017
Title:
Tap into Quebec's on-the-job training programs |
|
Would you benefit from a skills upgrade program in your shop? Are you carrying
out business in Quebec and do you intend to pay wages to trainees, apprentices
and supervisors
of those trainees? If so, then you may be eligible to recover the cost of
qualified expenditures incurred to carry on your training program. |
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Date Published: July/August, 2017
Title:
Ontario business and product development grants for small companies |
|
Do you need funds to elevate your company from a less than 50 person
organization to a bigger shop? Do you have a business development strategy that
could change who you
are? Do you have a product that is ready for commercialization? If so, then the Federal Economic Development Agency for Southern Ontario (FedDev
Ontario) is ready to help. |
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Date Published: April, 2017
Title:
Get new capital to grow your business |
|
Canada’s biggest banks and insurance companies have recently launched the
Canadian Business Growth Fund, a private-sector fund of up to $1 billion to
provide long-term financing to burgeoning high-growth businesses. The Fund aims
to fill a gap between the small-scale financing options generally available to
entrepreneurs and smaller firms, and the range of sources available to larger,
more established companies. |
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Date Published: March, 2017
Title:
Innovating? YEP funding can help |
|
YEP, the Youth Employment Program, for new
hires aged 15 to 30 years, is a federal program offered by the National Research
Council Canada (NRC) with funding for recently graduated intern’s salaries. The
YEP Program can support a new, technology-related position in small and
medium-sized enterprises supporting a portion of the salary costs of up to two
post-secondary graduates. |
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Date Published: February, 2017
Title:
Crowdfunding - an alternative business financing source |
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We’ve all heard the word, crowdfunding, but
does it really apply to our business? The first ever Canadian report on
crowdfunding was released at the end of 2016 by the National Crowdfunding
Association of Canada, and it predicts that once all of the numbers are
finalized, crowdfunding will have reach $190 million in 2016. If raising funds
for your business could give you the fuel to propel you to new funding, this
article is for you. |
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Date Published: December, 2016 / January, 2017
Title:
Equity
Investment Opportunities |
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Are you searching for a long-term financial
solution for your business? There are many options with respect to equity
investors to bank on your potential, provided either by government funded or
sponsored solutions. These funds each have specific criteria that determine
eligibility. The Government of Canada has a detailed listing of every program
which can be found in this article. |
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Date Published: November, 2016
Title:
Want a
government grant? Document your work |
|
One of the largest disconnects between small
entrepreneurial businesses and all levels of government is over the issue of
project documentation as the work progresses. As a consequence, many small
businesses feel that the effort to comply with governmental rules and
regulations isn't worth the amount of funding that they could receive.
This is illogical, unproductive and potentially extremely costly thinking. |
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Date Published: October, 2016
Title:
Thinking
big at Graph Expo and getting government funding assistance |
|
This year at GRAPH EXPO you are being asked to
“Think Big”. Along those lines, Graphic Expo 16 “welcomes Wide Format Inkjet
Printers”. If you are thinking of expanding your business to develop a wide
format capability, funding support might be available. This article discusses
the two federal programs in particular that might provide you with funding
assistance, IRAP and SR&ED. |
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Date Published: September, 2016
Title:
Funding for
3D printing projects |
|
Many innovation projects begin with proof of
concept prototypes. With the introduction of 3D printing, prototypes can now be
built quicker and at a lower cost. That means that ideas that were once too
costly to be proofed and perfected by smaller enterprises are now within the
realm of possibility, especially with the cost of experimentation being further
reduced by government assistance. . |
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Date Published: July/ August, 2016
Title:
Innovation
with funding support from Mitacs |
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Are you looking for funding to help advance your
business? Perhaps now is the time to look to Mitacs for innovation
funding support.
Mitacs is a national, not-for-profit organization that has designed and
delivered research and training programs in Canada for 15 years. Working with 60
universities, thousands of companies, and both federal and provincial
governments, Mitacs builds partnerships that support industrial innovation in
Canada.. |
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Date Published: June, 2016
Title:
Quebec
government provides funding support for innovation |
|
Créativité Québec is designed for companies
with innovative projects that need funding to acquire new technology or to
develop or improve products and processes. If you have an innovative idea that
you are ready to launch, this could be an excellent opportunity for you.
You are eligible to take part in this program if your company is a ‘for‐profit’
entity, and you are manufacturing in Quebec.. |
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Date Published: May, 2016
Title:
How do you know if you
need a new computer system-and is funding support available? |
|
Finding and implementing a new Management
Information System (MIS) is a long-term investment in your business, and often,
a costly undertaking. While most businesses are frustrated with their existing
systems, there could be many causes, and the solution is not necessarily the
implementation of a new system. This article explores various alternatives and
discusses funding help that is available. |
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Date Published: April, 2016
Title:
A tale of
three budgets |
|
February and March saw new budgets introduced
in Québec, Ontario and Ottawa. These budgets, all brought down by Liberal
governments, showed a deep contrast in how these provinces and the federal
government intend to incentivize manufacturing going forward. To summarize,
Ontario cut incentives to domestic manufacturers, Québec created new incentives,
and Ottawa said details will come soon. |
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Date Published: March, 2016
Title:
Grow your
business internationally with CanExport |
|
Here’s some good news for companies
contemplating expanding to new markets internationally. The Government of
Canada’s newly announced CanExport Program will provide up to $50 million over
five years in direct financial support to small and medium-sized enterprises in
Canada seeking to develop new export opportunities and markets. |
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Date Published: February, 2016
Title:
Government
assistance to grow
your business and increase your capacity |
|
The new Canadian government is about to enter
into its new fiscal year, April 1, with a very clear direction from Prime
Minister Trudeau that his government will focus on “things like growing the
economy, creating jobs, strengthening the middle class, and helping those
working hard to join it.” This article and spreadsheet help you determine your
ROI. See spreedsheet at
Graphic_Arts_Spreadsheet. |
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Date Published: December/ January, 2016
Title:
Federal funds to support your innovation |
|
Canada’s 23rd prime minister, Justin Trudeau
is just beginning his four year mandate in which he promises “real change”.
While we heard a significant number of promises, one of the easier promises to
keep is the commitment to “work with the provinces and territories in order to
make Canada the world’s most competitive tax jurisdiction for investment in
research, development and manufacturing of clean technology.” (Liberal Platform,
2015) |
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Date Published: November, 2015
Title:
What to expect from the new Liberal government |
|
This is the third part in our three part
series about the October federal election. The people of Canada have spoken. The
Liberals, after a brilliantly run campaign, have been awarded a majority
government, just four years after being relegated to the third place party. So,
what changes, with respect to existing government programs, that support
business growth, are we likely to see, and what new programming directions are
possible?. |
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Date Published: October, 2015
Title:
Getting ready for a new federal government |
|
This is the second in our three part series
about the October federal election. In this column, we focus on what funding
help we can expect to be available based on each party's published platform.
Suggestions about what opportunities might become available with respect to
innovation, skills training, new hire support and investments in green
technologies are discussed. |
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Date Published: September, 2015
Title:
The federal parties' funding platforms: Why who wins the Oct. 19
election is important |
|
Federal elections and the possible changes
they can elicit, are important to your business, as future corporate taxes,
government spending direction, and government philosophy have both a real and a
perceived effect on the business climate in which you operate. This article will
exam each parties' policy / platform documents. The October issue will focus
on what funding help might be available based on these platforms and the likely
outcome of the election. |
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Date Published: July - August, 2015
Title:
Improving your products and processes? There is funding help
available |
|
Canada Revenue Agency (CRA) has revised its
Eligibility of Work for SR&ED Investment Tax Credits Policy with significant new
“clarifications”. For the first time since the program was introduced in 1992,
the term scientific method no longer applies to the SR&ED program. In what this
author considers a confirming acknowledgement of the shop-floor practices of the
domestic manufacturing sector, CRA now refers to the proper method of attempting
product or process improvement as systematic investigation, not scientific
method. |
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Date Published: June, 2015
Title:
Disagree with GST and other tax owing issues? You can informally
appeal! |
|
As part of the controversial Omnibus Bill
introduced by the Harper government in the fall, 2013, was an increase in
the “amount in dispute” up to $50,000 for GST/HST appeals, and up to $25,000 for
many other tax disagreements. That is significant, and probably a large enough
amount to enable most small to medium size companies (SME’s) to fight what they
are confident represents an incorrect or unfair ruling by Canada Revenue Agency
(CRA). |
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Date Published: May, 2015
Title:
Canada-provincial training grants |
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Most provinces now offer training grants to
encourage employers to improve the skill levels of their employees. A cynic
might say it’s being ramped up because this is an election year. Nevertheless,
from a business perspective, when was being granted up to $12,500 per employee
to make your employees even more valuable to your company ever a bad thing?, read on! |
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Date Published: April, 2015
Title:
Funding
help to bring your new product to market |
|
Elliot Schiller recently attended a Public
Works and Governmental Services Canada seminar discussing the federal Built in
Canada Innovation Program (BCIP). BCIP's stated objective is to help Canadian
businesses bridge the pre-commercialization gap that many of them face in moving
innovation from the laboratory to the marketplace. If you have recently
developed a new product or enhanced an existing product, read on! |
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Date Published: March, 2015
Title:
Obtaining
OIDMTC funding for your digital media projects |
|
At the conclusion of 2014, Ontario announced
that it intended to review the Ontario Digital Media Tax Credit. Makes sense, a
program that was originally intended to boost and grow the interactive digital
media sector in Ontario has now turned into a $100 Million funding giveaway, for
an industry estimated at less than $200 Million in sales. If you have a website
with interactive capability, this is a must read article. Hurry, before it's too
late! |
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Date Published: February, 2015
Title:
Innovation
funding now available from BDC |
|
Maintaining a manufacturing presence in
Canada requires constant innovation to remain competitive. Canada considers
itself one of the most generous countries in the world with respect to funding
R&D. However, those funds are provided many months to a year, after
the R&D costs have been incurred. Now, BDC, the Business Development Bank of
Canada is giving advances on those funds, without any affect on your existing
credit thresholds. Good news! |
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Date Published: December, 2014
Title:
Should you
invest in RRSP? |
|
It's that time of year again – RRSP season. So
we thought we’d switch direction this month and concentrate our column on
personal finances instead of business funding help. Below are the pros and cons
of RRSP investing as we see them, to let you decide exactly what’s right for
you. |
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Date Published: November, 2014
Title:
Wage
subsidies can help reduce your labour costs |
|
The Temporary Foreign Worker Program has
certainly been in the news of late. However, there are many other
non-controversial wage subsidy programs available to Canadian companies.
Federally,programs help youth find employment, encourage hiring for innovation,
commercialization and expansion. Provincially, there are many programs that
target issues of concern in that region. See if you qualify for Funding Help
when you are ready to hire. |
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Date Published: October, 2014
Title:
Following
the rules counts when it comes to obtaining government funding |
|
Many in the business world think that the
rules are just guidelines with respect to how to apply for funding from a
government body. That couldn't be further from the truth. This article provides
an example of a major manufacturer who didn't follow the rules, almost wound up
in Tax Court, but for whom we were able to obtain a "second" chance from Canada
Revenue Agency and avert a court case. |
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Date Published: September, 2014
Title:
Exporting in your
future? You need to know about Export Development Canada |
|
Export Development Canada (EDC), based on its
most recent published figures provided assistance to over 7,400 Canadian
companies doing business in 187 countries. This article briefly touches on the
various ways that EDC could potentially help your business, including protection
against risk, freeing up of working capital, supporting business growth,
investing in foreign markets and obtaining financing If exporting is in your
future, this is a must read. |
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Date Published: July/ August 2014
Title:
Funding help begins
with a good business plan |
|
This article discusses the various topics and
the content within that need to be included in an effective business plan that
will improve your ability to obtain funding, be it from a federal or provincial
government, a financial institution or a private lender.
Each of the big five banks provide you with a free of charge template to create
a business plan. |
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Link to Business Plan
templates |
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Date
Published: June, 2014 Title:
Financial help for the manufacturing sector in Ontario |
|
As part of the Economic Action Plan, 2013 is a
$200 million fund targeting Southern Ontario to promote continued growth in the
advanced manufacturing sector by supporting efforts to develop cutting-edge
technologies and large-scale activities that will improve processes and increase
productivity in order to establish clusters or global supply chains in
collaboration with the private sector, and research and post-secondary
institutions.. |
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Date
Published: May, 2014 Title:
The New Business
Innovation Access Program |
|
The newly announced Business Innovation Access
Program (BIAP) is a $20 Million funded program from the federal government with
the objective of providing entrepreneurial small to medium sized companies (SMEs)
with resources, both intellectual and monetary, to help them move past barriers,
hurdles, and capital to bring a new product or service to market. See if you are
eligible and how to proceed if you are. |
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Date
Published: April, 2014 Title:
Funding Help for
business expansion |
|
The Canadian Small Business Financing Program
makes it easier for small businesses to obtain loans from financial institutions
because the government shares the risk. If you have an idea that can take your
business to the next level, but lack the funds, read on. This article lists what
to prepare before you meet your financial institution. Remember, you only get
one chance for a first impression, so, make sure you are ready when you approach
your banker. |
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Date
Published: March, 2014 Title:
Introduction to
IRAP |
|
IRAP, the Innovation Assistance Program,
offered by the National Research Council of Canada, and funded by Industry
Canada consists of various difference financial assistance programs for
qualifying companies. Currently there are funds available to support research
and development innovation, youth employment, and digital technology adaptation. |
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Date Published:
February, 2014 Title:
Getting government
funds for your R&D |
|
This is the first article in the new Funding
Help column written by Teeger Schiller Inc. Director, Elliot Schiller.
Appropriately, this article focuses on the SR&ED program, Canada's largest
support program for the manufacturing industry with $6 Billion per year being
awarded to qualifying companies. Enjoy! |
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