Canadian Regional Sector Strengths · 2018-10-09 · with an international institution, in order to...
Transcript of Canadian Regional Sector Strengths · 2018-10-09 · with an international institution, in order to...
R&D Tax Credits and Incentives by Provinces
Available Credit
15%
15%
15%
15%
8%
20%
3.5%
15%
10%<$1M
10% up to 400k
10% < 300k
20%
Available Credit<5M
25% up to 1.5M
reduce provincialcorporate rate to 6%
28%
14%
10% - 25%
varies
28%
24% of salaries <$83k per employee
Federal Scientific Research and Experimental Development Tax Incentive Program
Newfoundland and Labrador
Nova Scotia
New Brunswick
Ontario Innovation Tax Credit (OITC)
Ontario Business-Research Institute
Ontario Research and Development
Manitoba Research and Development
Saskatchewan Research and Development
Alberta Scientific Research and Experimental Development
British Columbia Scientific Research and Experimental Development
Yukon Research and Development
Alberta Capital Investment Tax Credit (CITC)
Nova Scotia Innovation Rebate Program
Saskatchewan Commercial Innovation Incentive (Patent Box)
Québec tax credit for private partnership pre-competitive research
Québec tax credit for development of e-business
Québec tax credit for academic research or research conducted by a public research centre orresearch consortium
Québec tax credit for contributions to a research consortium
Québec R&D salaries
Prince Edward Island
Federal and Provincial/Territorial Corporate Tax Rates 2018
Provinces Provincial Only With Federal Provincial Only With Federal Provincial Only With FederalSmall Business Income up to $500,000 Active Business Income Over $500, 000 Investment Income
BC
AB
SK
MBONQC
NB
NSPE
NLTerritories
YT
NT
2%2%
2%
0*3.5%8%
2.5%3%4.5%3%
2%4%4%
12%12%
2%
10%13.5%18%
12.5%13%14.5%13%
12%14%14%
12%12%
2%
12%11.5%11.7%
14%16%16%15%
12%11.5%1%
27%27%
17%
27%26.5%26.7%
29%31%31%30%
27%26.5%27%
12%12%
12%
12%11.5%11.7%
14%16%16%15%
12%11.5%12%
50.7%50.7%50.7%50.7%50.2%50.4%
52.7%54.7%54.7%53.7%
50.7%50.2%50.7%NU
*Manitoba’s threshold is $450,000
Questions? The Trade Commissioner Service (TCS) Can Help!The TCS’s mandate consists in helping facilitate Canadian exports and encouraging foreign direct investment. If you are engaged in R&D and are looking to take advantage of Canada’s funding programs, the Trade Commissioner Service can help you by:
Consult our website to locate the trade commissioner near you: http://tradecommissioner.gc.ca/network-reseau.aspx?lang=eng
Facilitating your entry into the Canadian marketConnecting you with the appropriate funding opportunitiesProviding you with market intelligence and adviceIntroducing you to a wide network of companies and research institutions
Canadian Regional Sector Strengths
Ontario
Health/Bio-sciences
Advanced Manufacturing ConstructionDefence and Aerospace
Digital Industries
Cleantech
New Brunswick
Advanced ManufacturingConstructionDefence and Aerospace
Digital Industries
Oil and Gas
Aquaculture
Cleantech
Manitoba
Oil and GasEnergyMinerals
Agri-Food
Defence and Aerospace
TerritoriesMining
Saskatchewan
Oil and GasEnergyMinerals
Agri-Food
Advanced Manufacturing
Prince Edward Island
Digital Industries
Aquaculture
Ocean Sciences
Energy
Advanced Manufacturing
Cleantech
Agri-Food
Digital Industries
Oil and Gas
Alberta
Health/Bio-sciences
Digital Industries
Cleantech
Advanced ManufacturingConstructionDefence and AerospaceMetals
Québec
Health/Bio-sciences
Digital Industries
Oil and GasMiningLumber/ Forestry
Ocean Sciences
Newfoundland and Labrador
Oil and Gas
Aquaculture
Ocean Sciences
Nova Scotia
Aquaculture
Defence and Aerospace
Ocean Sciences
Partner Programs
Northern Canada
Central Canada
Atlantic Canada
Western Canada
Services
PeopleMoney
Information Labs and Facilities
SectorsLEGEND
All Sectors Agri-Food
Health/Bio-sciences
Advanced Manufacturing
Clean Resources
Digital Industries Clean Technology
Major Federal Partners
International companies with a Canadian subsidiary can benefit from a multitude of government sponsored programs. These federal, provincial/territorial and regional programs are dedicated to improving Canada’s economic prosperity and R&D ecosystem by providing resources to companies.
Each of the programs below provides access to funding, young talent, information, and facilities through partnerships with Canadian universities and colleges. These partnerships allow students to work under the guidance of dedicated professors to support your R&D initiatives, solving real challenges to help your business innovate.
Why should foreign firms choose to partner and innovate in Canada?
Lowest Business Tax Cost in the G7Ease of Establishing a BusinessLowest Business Cost in G7Legatum Prosperity Index
#1Business Environment
IMD Equal Opportunity World RankIn OECD for education levelWorld Economic Forum Human Capital Index1#
Dynamic and Diverse WorkforceCanada has preferential access to markets in more than 40 countries with more than 1.2 billion consumers and over US $41 trillion or more than half the global GDP.
Market Access
ARD Grants are project-specific funding for R&D collaborations with Canadian colleges. Sector availability depends on the college's research expertise.
NSERC Applied Research and Development Grants (College and Community Innovation Program)
CRD Grants are project-specific funding for R&D collaborations with Canadian universities. Sector availability depends on the university's research expertise.
NSERC Collaborative R&D Grants
Engage Grants offer up to $25,000 for first-time collaborations between a company and a university or a college.
NSERC Engage Grants
NSERC Industrial Research Chairs Grants
Research Chairs can be created through a partnership between a company and an academic institution. These chairs provide funding in any sector to support a professor and a team of student researchers to work on a specific research challenge area over a 5-year period.
Provides funding to support a university internship under the guidance of a professor to solve a specific research challenge.
Mitacs Accelerate
Supports a Canadian student to go abroad and work collaboratively with an international institution, in order to help solve a specific research challenge.
Mitacs Globalink
Provides funding to support a university postdoc fellowship under the guidance of a professor to solve a specific research challenge.
Mitacs Elevate
SIF's stream 4 supports a consortium including industry, academia, and research institutes, and provides funding for the development and demonstration of pre-commercial technologies.
Strategic Innovation Fund (SIF)
OCE Collaboration Voucher Program
Funding program for small-scale R&D projects in partnership with an Ontario academic institution.
OntarioProductivity and Innovation Voucher Program
Supports partnerships between a company and an academic institution in Nova Scotia to help develop new products, processes, or services.
Nova Scotia
Innovation Voucher
Covers the cost of R&D services accessed through an academic institution in New Brunswick.
New Brunswick
AlbertaAlberta Innovates
Supports projects from discovery research through to commercialization in four broad streams.
Supports consortia-led projects in the natural resources sector, with a requirement to commercialize a new innovation in a 3-year timeframe.
British ColumbiaBC Ignite
Project-driven support to hire a student intern or recent graduate to expand your R&D team, either in-house or under the guidance of a professor.
OCE Talent Edge
Atlantic Agriculture Research and Innovation Initiative
Promotes collaboration and public-private partnerships in the Atlantic provinces, focused on agriculture R&D.
CRIBIQ promotes innovation and provides funding for collaborative research projects between businesses and universities in the fields of industrial bioproducts, bioenergy, biobased chemistry, and materials.
The Quebec Consortium for Industrial Bioprocess Research and Innovation (CRIBIQ)
Provides funding to help access applied research and innovation services at an Ontario college.
OCE Colleges Applied Research & Development Fund
College Centres for the Transfer of Technologies (CCTT)
With 49 applied research centres and 1300 experts, CCTTs support companies in developing technology by providing information, training, and technical support all across Québec.
Québec
Yukon Research Centre
Available project support for arctic-related innovation and R&D.
Yukon
Preference in this program is given to partnerships between Ontario academic institutions and companies, and supports the development and commercialization of technologies that will benefit Northern Ontario.
Northern Innovation Program - Applied Research & Technology Development Projects
Provides up to 50% of the wages of a student to participate in a science, technology, engineering, or mathematics (STEM) related work integrated learning experience.
Student Work-Integrated Learning Program