R&D Fianancial Assistance

Research and Development Financial Assistance/Tax Credits Applicable to Software Industry

Industrial Research Assistance Program (IRAP)
Assistance is provided to Canadian small and medium-sized enterprises (SMEs) to help them meet the technological challenges they face in delivering new products, processes or services. The program is delivered by a network of Industrial Technology Advisors who provide both knowledge-based innovation assistance to SMEs and a cost-sharing program to aid in funding for client innovation activities (up to 50% of certain project research and development costs to a maximum of $500,000, depending on the project).
http://irap-pari.nrc-cnrc.gc.ca/


Ontario Innovation Tax Credit
A 10% refundable tax credit is available to corporations that make expenditures on scientific research and experimental development. The maximum claim is $200,000 per taxation year.
http://www.rev.gov.on.ca/english/credit/oitc/


Scientific Research & Experimental Development (SR&ED) Tax Incentive Program
This federal tax incentive program encourages businesses of all sizes and in all sectors to conduct research and development in Canada. Canadian-controlled businesses can receive an investment tax credit of 20% (or 35% for corporations with less than $200,000 of taxable income) for qualifying expenditures (wages, materials, machinery, equipment, some overhead) related to SR&ED projects.
www.cra-arc.gc.ca/taxcredit/sred/menu-e.html

Programs offered by Ministry of Research and Innovation

http://www.mri.gov.on.ca/english/programs/MRI.asp

The Health Technology Exchange – HTX.ca
Helps Ontario's scientists, engineers, and entrepreneurs commercialize their ideas into innovative medical and assistive technology products.
Innovation Demonstration Fund
Financial support of up to 50% of eligible costs to help Ontario companies with the commercialization and initial demonstration of their innovative technologies.
International Strategic Opportunities Program (ISOP)
Funding of up to $150,000 over three years, for new strategic international collaborations.