Apprenticeship Training Tax Credit Ontario (ATTCO)

What  is funded?

Companies that train apprentices in certain skilled trades including millwrights and process operators.

Amount

Up to $10,000 per year for the eligible expenses occurred with apprenticeship training.

The actual amounts are proportional with the total salaries and wages paid by the company in the previous year.

Who is eligible?

Available to Ontario's corporations  and unincorporated businesses.

Eligible projects

 

How to apply

Complete  and submit Schedule 5, Tax Calculation Supplementary - Corporations, and Schedule 552, Ontario Apprenticeship Training Tax Credit.

 

Details available here

http://www.omafra.gov.on.ca/english/food/industry/appr-tax-credit-ont.htm

http://services.findhelp.ca/eo/tcu/appoff

Deadline

Coordinated with the tax filling schedule

Contact

Canada Revenue Agency

1-800-959-5525

 

Apprenticeship Job Creation Tax Credit (AJCTC)

What  is funded?

Employers costs for hiring and training  employees who have entered  into an apprenticeship contract.

Amount

10% of eligible salary and wages paid to apprentices.

 Maximum credit is $2,000 per year for an eligible apprentice.

Who is eligible?

Any business hiring people working in a prescribed trade and who is in the first 2 years of the apprenticeship contract.

Eligible projects

 

How to apply

Complete and submit Form T2038 (Ind) - Investment Tax Credit (Individuals) or T2SCH31- Investment Tax Credit (Corporations).

See details provided here:

http://www.omafra.gov.on.ca/english/food/industry/job-creation-tax-cred.htm

Deadline

Coordinated with the tax filling schedule

Contact

Canada Revenue Agency

1-800-959-5525

 

Career Bridge

What  is funded?

Employers seeking qualified workers and recent immigrants seeking professional level positions in their field of expertise.

Amount

Paid internships of 4, 6, 9 or 12 months for recent immigrants fluent in English, at least at Bachelor's level of education, and minimum three years of international work experience.

Who is eligible?

Any company willing to become a host organization.

Eligible projects

 

How to apply

Complete and submit the Host organization application form. Details are here

http://www.careerbridge.ca/

Deadline

Not identified.

Contact

The Career Bridge website.
Tel: (416) 977-EDGE (3343)
Toll-free: 1-888-507-EDGE (3343)
Fax: (416) 977-4090
E-mail: info@careerbridge.ca

 

First Job Initiative - Ontario Centres of Excellence

What  is funded?

Companies hiring highly skilled talent from recent graduates of Ontario's colleges and universities.

Amount

50% of current recruit salary up to a maximum of $25,000. For start-ups the eligible support is up to 80% of the recruit salary up to a maximum of $50,000. host companies are obligated to provide the rest of the salary.

Who is eligible?

All companies are eligible but first consideration will be given to the ones classified as innovative, technology based  small and medium size enterprises, including start-ups.

The expectation is that the recruit will become permanent employee. Contract positions do not qualify for this funding.

Eligible projects

 

How to apply

Complete and submit the Expression of Interest form. See the details here

http://www.omafra.gov.on.ca/english/food/industry/first-job.htm

Deadline

Monthly

Contact

Roxy Hamilton
Program Development Manager
Funders and Programs
Ontario Centre of Excellence
Tel: (613) 726-3420 x4223 or (866) 759-6014 x4223
roxy.hamilton@oce-ontario.org

 

Ontario Co-Operative Education Tax Credit (OCETC)

What  is funded?

Employers  who hire students enrolled in a recognized Ontario's university or college cooperative  education program.

Amount

25% of eligible hiring costs. Smaller businesses are eligible 30% of the eligible hiring costs. The maximum for each qualifying work  placement is $3,000. Most work placement are of minimum 10 weeks and up to four months.

Who is eligible?

Ontario companies, paying taxes, incurring costs with hiring a co-operative education student.

Eligible projects

 

How to apply

Complete and submit schedule T2SCH550 (incorporated businesses) or Form ON479 (Unincorporated businesses)

See details here

http://www.fin.gov.on.ca/

Deadline

Coordinated with the tax filling schedule.

Contact

1 866 ONT-TAXS (1 866 668-8297)

 

Sector Initiatives Fund (SIF)

What  is funded?

Sector groups and organizations' attempting to enhance their competitiveness, support skill sourcing, and assist organizations from a particular economic sector.

Amount

Could receive 50% of eligible total costs of the project, up to a maximum of $250,000. The sector or the organization will cover the remaining amount. This part of the contribution cannot be funded from other government sources.

Who is eligible?

Organization that represent a sector of economy qualify to sponsor a project:

Trade and professional associations;

Management and labour associations;

Industrial sector groups / councils; and

Other organizations (need to demonstrate that they represent a sector).

Eligible projects

Projects that emphasize on:

Sector-focused curriculum development;

Development of occupational standards;

Development of innovative training materials e.g. audio-visual, software, multimedia, etc.;

Development of certification, testing, accreditation programs/materials; and

Pilot testing of programs and materials.

How to apply

Complete the application and forms and submit according to the guidelines http://www.tcu.gov.on.ca/eng/eopg/publications/20110530_sif_guidelines.pdf

http://www.tcu.gov.on.ca/eng/eopg/

Deadline

Look first for the annual proposal call. Not posted yet.

Contact

Ministry of Training Colleges and Universities

Service Delivery Branch

33 Bloor St. east, 2nd Floor

Toronto, Ontario, M7A 2S3

ATTN: Sector Initiative Fund Coordinator

 

SIF@ontario.ca

 

Funding for Youth  Internships

What  is funded?

Innovative small and medium  size enterprises (SMEs)  that hire post secondary graduates to work on innovation projects.

Amount

6-12 months hiring funding up to $30,000 to help them hire post secondary graduates.

Who is eligible?

SMEs with less than 500 employees, incorporated and for-profit, wish to enhance its innovation capability  and its ties to NRC-IRAP (Industrial Research Assistance Program).

Eligible projects

Graduates that work on technical opportunities such as:

Research and development, engineering and multi-media;

Development of new products and processes;

Market analysis for a newly technology-based product;

Business development related to science and technology activities;

Improvement of customer service, etc.

 

Graduate has to have a post-secondary education, be a Canadian citizen or permanent resident to Canada,  between 15 and 30 years old, be first time participant in placement with the Career focus Program  of the Youth Employment Strategy, be legally entitled to work in the province.

How to apply

Work with an NRC-IRAP advisor to develop and submit the proposal.

The internship candidate will complete a survey submitted by NRC-IRAP.

Deadline

Not specified.

Contact

National Research Council -Industrial Research Assistance Program

25-55 St. Clair Ave E. Suite 903, Toronto, ON, M4T 1M2 Toll-free telephone: 1-877-994-4727

Telephone: (416) 973-4484 Fax: (416) 973-4303

 

The Ontario Business Research Institute Tax Credit (OBRITC)

What  is funded?

Corporations that are performing scientific research and experimental development (SR&ED) in Ontario in contract with an eligible research institution (ERI).

Amount

20% of eligible expenses with SR&ED activities, capped at $20 million per year. The maximum annual credit that an SME can claim is $4 million annually, and this is in addition to Ontario Innovation Tax Credit.

Who is eligible?

Organizations located in Ontario that incurred the qualifying SR&ED expenditures under an eligible contract with an ERI, and were not exempted from tax under Part III of the taxation Act 2007 (Ontario).

Eligible projects

 

How to apply

Complete and submit T2SCH568, and T2SCH569 and submit them with the T2 Corporation Tax Income Return.

Deadline

Not specified, it has to be aligned with the Tax Return filling submission.

Contact

Canada Revenue Agency

http://www.cra-arc.gc.ca/tx/bsnss/tpcs/crprtns/prv/on/bsnssrsrch-eng.html

 

Scientific Research and Experimental Development Tax Credits

What  is funded?

Organizations engaged in research and development activities.

Amount

35% of eligible costs up to the first $3 million  of qualified expenditures and  20% percent of any excess amount.

Who is eligible?

Organizations of all forms and sizes:

Canadian-controlled private corporations (CCPC); and

Other corporations, sole proprietorships, partnerships and trusts.

Eligible projects

Projects associated to basic and applied research and  experimental development that are targeting end results respecting the following criteria:

Generating scientific or technological advancement;

Solving scientific or technological uncertainty;

Developing  scientific and technological content.

How to apply

Invite a Canada Agency Revenue advisor to discuss your intent to apply for this credit and what it involves.

Deadline

Income tax return filling schedule.

Contact

Mississauga/Toronto West
Toronto West Tax Services Office
5800 Hurontario St.
Mississauga, ON L5R 4B4
General Enquiry Line: (905) 566-6010.

 

The Business Development Bank of Canada (BDC) Funding

What  is funded?

Canadian businesses.

Amount

Varies by solution program:

Long-term financing;

Hybrid debt and equity financing;

Venture capital financing.

Who is eligible?

Canadian organizations of all forms and sizes, most likely small and medium size enterprises (SMEs).

Eligible projects

Commercial real estate;

Equipment line;

Buying a business;

Technology financing;

Working capital for growth projects;

Start-up financing;

Business succession;

Market expansion;

Projects without tangible assets;

Aboriginal banking.

How to apply

See details here:

http://www.bdc.ca/EN/solutions/Pages/default.aspx

Deadline

Ongoing throughout the year

Contact

Check with the local Business Development Centre. the list for Ontario is here:

http://www.bdc.ca/EN/business-centres/ontario/Pages/default.aspx