How Government Funding Can Finance Your Development Projects and Growth Plans
Every year, a wide range of government business grants in Canada is offered to thousands of Canadian businesses. These grants inject much-needed cash to projects that have stalled due to insufficient funding.
However, these funding schemes have created confusion and challenges for many business executives who need guidance and clarity about which grants suit their business needs.
You should consider applying for government grants or tax credits to offset your costs. Our experienced grant consultants can review your plans and assist you with the application process. Over the last 30 years, we have been Canadian businesses obtain a whole range of government grants for their new initiatives. RDP can help you maximize your chances of success in obtaining government funding for innovation, marketing, export, hiring and/or training. Take advantage of our free assessment to improve your eligibility for funding.
The Canadian Agricultural Partnership (CAP)
CAP is a five-year, $3 billion investment contribution by the federal, provincial, and territorial governments across Canada. It provides a framework for agri-food industry funding and acts as a primary mechanism to disburse government grants and repayable funding contributions to SMEs, non-profits, and other industry players.
Activities and Projects that Qualify for CAP
- Developing new products or processes
- Developing a business plan, marketing plan, labour productivity plan
- Education, training, assessment, planning
- Equipment, systems or facility modifications to improve plant or animal health, food safety, and traceability
- Technology and equipment that improve labour productivity
- ERP systems
- Marketing products in Canada or Internationally
The following are two examples of a list of cost categories
that applicants may claim relevant to their project:
- Capital costs of purchasing equipment or technology
- One-time rental of facilities, machinery or equipment needed for a project
Funding percentage per project: 25-50% depending on the stream
Funding amount per project: $2,500 - $250,000 depending on the stream
When and How to apply? Contact one of our grant consultants to find out about various application periods and your eligibility for CAP:
How Can SR&ED Help Your Business?
The Canadian SR&ED program offers significant funding for Scientific Research & Experimental Development activities carried out in the course of your business. For small Canadian-controlled private corporations (CCPCs) that meet the eligibility criteria, the SR&ED Tax Credit Program acts like a government grant—offering cash reimbursements of up to $1,000,00 for eligible expenditures on an annual basis at rates ranging between 28% to 64%, depending on the province in which you file a claim. Large, foreign-controlled or public companies, as well as individuals and partnerships, that are not eligible for the federal refundable tax credit can qualify for a 15% non-refundable federal SR&ED tax credit.Read More About SR&ED
Why Explore Government Grant Programs?
The Canadian government offers substantial funding for an array of business development activities and industry-specific innovation projects. Companies like yours have access to potential funding of $10,000 to $1,000,000 per year in the form of cash reimbursements which can reduce the upfront costs of projects by up to 50% or more. When managed properly, these government grants can be an integral part of your funding.Read More About Government Grants
Why Partner with Our International Boutique Consulting Firm
RDP’s main business is helping companies obtain government funding and assistance. Our highly qualified and professional staff has many years of experience preparing the necessary information for a positive response. We follow a fee structure of “no-benefit-no-pay”, so you only pay when we deliver results. RDP is dedicated to helping companies make successful claims for SR&ED funding since 1988. Our strength is our people. We not only understand technology but use it effectively to maximize your benefits. Let us help your business obtain maximum funding for your research and development activities through the SR&ED program.
Contact Us to schedule an appointment for a Free Assessment.
Contact us to schedule an appointment for a Free Assessment. We can help determine your eligibility for tax credits and grants and share more information about innovation funding.Contact Us