Government Funding programs for Manufacturers
Since 2003, AKR Consulting Canada has specialized in assisting businesses with Government funding programs. Their knowledgeable team of Accountants, Engineers, Scientists and Funding Experts take care of the entire process including gathering the required information, completing and submitting the applications to the Government on your behalf and dealing with the Government for any requirements. Over the years they have developed solid relationships with various levels of Government, and are known for our integrity, accuracy and thoroughness.
Types of Government Funding Available:
– Government offers Grants, Subsidies, Tax Credits, Refunds and Rebates to Canadian Businesses on an ongoing basis
– Grants and Subsidies are limited pools of funding that must be applied for before your company makes any expenditures
– Tax Credits, Refunds and Rebates are applied for after expenditures occur
– Funding is available at the Federal, Provincial and Municipal Level
Programs Available for 2017
Energy Retrofit & Savings Programs: save up to 50% on hydro, gas and water consumption. Funding available for the purchase of new energy efficient equipment.
Equipment Purchases: receive up to $75,000 towards the purchase of new equipment. Program cover 35% of the costs of new technically advanced equipment in your industry. Export Programs: if your company has 5 or more employees and annual sales of $500,000 or more, you may qualify for a contribution covering up to 50% of eligible costs incurred to develop export sales.
Hiring Grants: receive up to $20,000 for new hires. Various hiring programs are available for long term and short term permanent positions.
Job Training Grants: receive up to $10,000 per employee per year for job training requirements through a college, trade school, university or third party training facility .Programs will cover up to 66% of the costs of training Property Vacancies: Receive rebates on your property tax bill of up to 35%. Program applied to building that are renovated or vacant for at least 3 months in a calendar year.
R&D Refunds: receive up to $100,000+ annually for any new technically challenging projects that have increased the knowledge level of your company. Companies must have at least 5 employees full time on payroll to be eligible.