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Ontario Government Incentives

Incentives And Tax Credit Programs

  • Scientific Research and Experimental Development Program (SR&ED):
    This program offers tax credits or refunds from 15 percent to over 45 percent to encourage businesses to conduct research and development in Canada that will lead to new, improved, or technologically-advanced products or processes.
  • Industrial Research Assistance Program (IRAP):
    IRAP contributes up to 80 percent to a maximum of $500,000 toward internal and external business R&D costs. Eligible costs include employee salaries, materials and laboratory expenses, and consulting fees.
  • FedDev Ontario Business Scale-up and Productivity:

    Globally-oriented businesses incorporated in Canada and located in Southern Ontario undertaking a range of activities to accelerate growth. No-interest, repayable contributions from $500,000 up to $10 million per project for eligible costs.

  • Toronto Atmospheric Fund:

    Incentive for businesses addressing carbon reduction, field tested and third-party vertified technologies, potential local benefits, and scalable business opportunities.
In the Toronto Region, the biggest incentives for businesses are our diverse and highly educated labour force, competitive business costs, ideal location, and stable business environment. In addition, the Canadian, Ontario and city governments in the region recognize the need to remain competitive against other global cities in order attract businesses. Your business can benefit from a number of incentives and tax credit programs offered in the region to lower your costs even further. Our team can help you find the right incentive for your business.

“The Toronto Global team was a pleasure to work with. They were a great help in connecting Nanoleaf with both public and private sector partners that have allowed us to establish our office in the Toronto Region. Furthermore, we’ve been lucky enough to receive their ongoing support as we continue to grow our business here. Moving back to Toronto was a natural move for Nanoleaf. Our three founders are all University of Toronto engineering grads and they always knew they would come back to the Toronto Region to open up an office here. We have access to support systems and resources that are not available anywhere else in the world. From the benefits of the location itself and the amazing government support and incentives, to the impressive employment pool, being here is a no-brainer. This region is a natural fit for the company and we are proud to call Toronto home.”

Interested in learning more?

Ready to see what the Toronto Global team can do to support your business expansion in the Toronto Region?
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