Need Help Going Green?

November 09, 2016

Is your business looking to reduce your greenhouse gas emissions?

On November 1, 2016, Canadian Manufacturers & Exporters have been granted access to $25 million through the CME Green SMART fund. This program has been designed to help small to medium sized manufacturers in Ontario reduce greenhouse gas (GHG) emissions and improve energy efficiency. This program invests in projects and companies that focus on building a cleaner tomorrow.

Your business may be eligible to receive reimbursement for 50% of eligible costs (up to a maximum of $200,000 in non-re-payable grants), for the implementation of capital investment projects designed to: reduce emissions and create technologies & processes that are energy efficient. Through the use of process and/or production equipment, you can use SMART funding to help reduce GHG intensity and/or offer circumvention.

Multiple facilities?

If your company has multiple facilities then this fund allows you to apply for funding for up to 5 facilities. In addition, multi-facility businesses will be eligible for a maximum of $500,000 with the maximum funding allowed per facility being capped at $200,000 per project (including assessment audit).

Who is eligible?

Small to medium-sized businesses are eligible to apply for funding if they have 10 or more employees (preference is given to those operations with greenhouse gas emissions below 25,000 tonnes per year).

Sample projects:

  • Steam trap survey and repair
  • Steam system insulation
  • Boiler tune up
  • Exhaust gas heat recovery
  • Oven/kiln/dryer/furnace insulation
  • Advanced heating and process controls
  • Ventilation optimization
  • Ventilation heat recovery
  • Energy management
  • High-efficiency furnaces

BDO's Advisory Services Group can help prepare you for the CME Smart's Green Funding Program application process. BDO is available to assist with activity scoping to determine eligibility, technical and financial application preparation, audit and internal infrastructure support, and documentation controls. As well, we can provide a strategic approach in determining how government grants and incentives, including the CME Green SMART fund, fit into your company's future growth plans.

To learn more, contact your local BDO office or:

Dave Douglas
Advisory Services Practice
Mobile: 416 529 5357

Jaquelyn Schaefer
Advisory Services Practice
Mobile: 705 441 6346

About BDO

One of the nation's leading accounting firms, BDO Canada provides assurance, accounting, tax, and advisory services. As a member of the BDO international network, which spans more than 150 countries and 1,400 offices, BDO provides seamless and consistent cross-border services to clients with international needs.

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