Government Incentives within Canada

June 07, 2017

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Canadian government funding has changed significantly over the past few years. 

Did you know? 

  • The government allocates billions of dollars each year to help companies like yours develop and commercialize new technology, enter new markets, and hire and train staff? 
  • There are well over 400 funding initiatives currently available across Canada?

Are you eligible? 

Government incentives are available to a broad range of industries. If your company is one of many that have yet to apply for government incentives, you could be missing out on significant amounts of tax refunds or credits. Qualifying activities can include:

  • Developing a new product, device, material, or process
  • Improving an existing product or process
  • Working to reduce the environmental impact of your manufacturing process
  • Working on advancing the capabilities of the next generation of your technology
  • Developing environmental and sustainable technologies 
  • Expanding your business/investing in new capital equipment 
  • Developing new markets internationally
  • Training / hiring 
  • Receiving investment from Canadian investors

Contact us to learn more about the application process for Government Incentives.

How is BDO different?

  • Mentoring: We mentor our clients to ensure that they are equipped with a well thought out and articulated plan to address the needs of the funding programs in a timely manner.  We incorporate a broad scope view of our clients needs in order to help them put in place the necessary business process so they can attract funding. We assist our clients in the creation of management tools (like business plan forecasting and strategic planning) that are the necessary building blocks and must be in place in order to attract funding and result in a better internal processes
  • Experience: We have experience preparing tax incentive filing, proposals, business plans, marketing plans, feasibility studies and technical reports that support successful funding applications.
  • Comprehensive Approach: We approach each client project with a comprehensive method in order to gain access to the wide body of government funding opportunities available in Canada, and globally.
  • Knowledgeable Team: Our team is comprised of industry experts – engineers, scientists, developers, programmers, tax and financial personnel - who can assist you with the technical and financial requirements of applying for government incentives, while ensuring you receive the benefits to which you are entitled.
  • Industry focus and specialization: We can help with the strategic management of your company as many of our Consultants have worked in Industry and bring industry expertise to BDO. They have worked for large Multi National Oil & Gas Company, Atomic Energy, IT start ups, etc.

How we can help

We can improve and enhance your processes and tools to ensure there is a robust system in place that allows your business to succeed. By working closely with owners and managers and looking at your business as a whole our team can help you: structure compensation packages while ensuring your company’s benefits are maximized, make strategic business decisions to better prepare you for future growth, and structure your business plan in order to take advantage of the incentives currently being offered. We have the experience and expertise to help you plan and execute growth and innovation strategies by matching applicable funding opportunities.

For more information, contact your local BDO office.