Government Funding Programs for Retail & Franchises
Since 2003, AKR Consulting Canada has specialized in assisting businesses with Government funding programs. Our knowledgeable team of Accountants & 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 we have developed solid relationships with various levels of Government, and are known for our integrity, accuracy and thoroughness.
Types of Government Funding Available:
The 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.
Here are some of the Funding Programs Available:
Apprentice Salary Refunds — receive up to $12,000 per year per registered Apprentice for qualifying MTCU trades.
El & WSIB Exemptions — eligible family members may receive an exemption from paying for El and WSIB premiums.
Energy Efficiency Rebates — up to 50% of costs for the installation of high efficiency lights and light fixtures, heating and air conditioning.
Hiring Grants — receive up to $6,000 for all new hires. Job Training Grants — receive up to $10,000 per employee for job training requirements through a college, trade school, university or third party training facility.
Penalty & Interest Relief — if your company has paid penalties and interest within the last 3 years on HST, Payroll or Corporate Taxes you may be entitled to a refund on these fees.
Ontario Drug Benefit Program — is a Government paid prescription drug program open to everyone who does not have a drug plan.
Store Front Improvements — up to 50% of store front improvements costs to a maximum of $10,000 including new signage, façade, doors, windows, canopies, painting, lighting; redesign of storefront.