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Apprenticeship Training Tax Credit Ontario (ATTCO) |
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What is funded? |
Companies that train apprentices in certain skilled trades including millwrights and process operators. |
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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. |
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Who is eligible? |
Available to Ontario's corporations and unincorporated businesses. |
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Eligible projects |
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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 |
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Deadline |
Coordinated with the tax filling schedule |
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Contact |
Canada Revenue Agency 1-800-959-5525 |
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Apprenticeship Job Creation Tax Credit (AJCTC) |
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What is funded? |
Employers costs for hiring and training employees who have entered into an apprenticeship contract. |
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Amount |
10% of eligible salary and wages paid to apprentices. Maximum credit is $2,000 per year for an eligible apprentice. |
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Who is eligible? |
Any business hiring people working in a prescribed trade and who is in the first 2 years of the apprenticeship contract. |
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Eligible projects |
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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 |
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Deadline |
Coordinated with the tax filling schedule |
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Contact |
Canada Revenue Agency 1-800-959-5525 |
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Career Bridge |
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What is funded? |
Employers seeking qualified workers and recent immigrants seeking professional level positions in their field of expertise. |
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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. |
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Who is eligible? |
Any company willing to become a host organization. |
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Eligible projects |
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How to apply |
Complete and submit the Host organization application form. Details are here |
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Deadline |
Not identified. |
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Contact |
The Career Bridge website. |
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First Job Initiative - Ontario Centres of Excellence |
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What is funded? |
Companies hiring highly skilled talent from recent graduates of Ontario's colleges and universities. |
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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. |
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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. |
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Eligible projects |
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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 |
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Deadline |
Monthly |
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Contact |
Roxy Hamilton |
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Ontario Co-Operative Education Tax Credit (OCETC) |
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What is funded? |
Employers who hire students enrolled in a recognized Ontario's university or college cooperative education program. |
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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. |
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Who is eligible? |
Ontario companies, paying taxes, incurring costs with hiring a co-operative education student. |
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Eligible projects |
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How to apply |
Complete and submit schedule T2SCH550 (incorporated businesses) or Form ON479 (Unincorporated businesses) See details here |
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Deadline |
Coordinated with the tax filling schedule. |
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Contact |
1 866 ONT-TAXS (1 866 668-8297) |
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Sector Initiatives Fund (SIF) |
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What is funded? |
Sector groups and organizations' attempting to enhance their competitiveness, support skill sourcing, and assist organizations from a particular economic sector. |
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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. |
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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). |
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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. |
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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 |
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Deadline |
Look first for the annual proposal call. Not posted yet. |
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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
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Funding for Youth Internships |
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What is funded? |
Innovative small and medium size enterprises (SMEs) that hire post secondary graduates to work on innovation projects. |
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Amount |
6-12 months hiring funding up to $30,000 to help them hire post secondary graduates. |
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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). |
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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. |
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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. |
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Deadline |
Not specified. |
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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 |
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The Ontario Business Research Institute Tax Credit (OBRITC) |
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What is funded? |
Corporations that are performing scientific research and experimental development (SR&ED) in Ontario in contract with an eligible research institution (ERI). |
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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. |
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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). |
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Eligible projects |
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How to apply |
Complete and submit T2SCH568, and T2SCH569 and submit them with the T2 Corporation Tax Income Return. |
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Deadline |
Not specified, it has to be aligned with the Tax Return filling submission. |
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Contact |
Canada Revenue Agency http://www.cra-arc.gc.ca/tx/bsnss/tpcs/crprtns/prv/on/bsnssrsrch-eng.html |
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Scientific Research and Experimental Development Tax Credits |
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What is funded? |
Organizations engaged in research and development activities. |
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Amount |
35% of eligible costs up to the first $3 million of qualified expenditures and 20% percent of any excess amount. |
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Who is eligible? |
Organizations of all forms and sizes: Canadian-controlled private corporations (CCPC); and Other corporations, sole proprietorships, partnerships and trusts. |
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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. |
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How to apply |
Invite a Canada Agency Revenue advisor to discuss your intent to apply for this credit and what it involves. |
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Deadline |
Income tax return filling schedule. |
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Contact |
Mississauga/Toronto West |
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The Business Development Bank of Canada (BDC) Funding |
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What is funded? |
Canadian businesses. |
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Amount |
Varies by solution program: Long-term financing; Hybrid debt and equity financing; Venture capital financing. |
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Who is eligible? |
Canadian organizations of all forms and sizes, most likely small and medium size enterprises (SMEs). |
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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. |
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How to apply |
See details here: |
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Deadline |
Ongoing throughout the year |
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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 |
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