defining government dollars for dairies windows (2)

DEFINING GOVERNMENT

DOLLARS FOR DAIRIESGovernment Grants and Tax Assistance

for Ontario Dairy Processors

Prepared for the Ontario Dairy Processors Councilby David Reynolds, President, INAC Services Limited

SERVICES LIMITEDGrants and Tax Rebate Specialists since 1987

DOLLARS FOR DAIRIES

TOP TEN FUNDING PROGRAMS

AS OF

JUNE 07 2010

RURAL ECONOMIC DEVELOPMENT PROGRAM: 50% up to $1 million for equipment and other

invoiced costs.

Phone: 1-888-588-4111. Website: http://www.omafra.gov.on.ca/english/rural/red/

AGRIPROCESSING INITIATIVE (API): 50% up to $2 million 8-year interest free

unsecured loans.

Phone: 1-888-588-4111. Website: http://www.omafra.gov.on.ca/english/rural/red/

SCIENTIFIC RESEARCH AND EXPERIMENTAL (SR&ED) TAX CREDITS: Minimum 20% to 45 percent tax credit/rebate

for previous research and development.

Phone: 1-800-959-5525 Web: http://www.cra-arc.gc.ca/txcrdt/sred-rsde /menu-eng.html

INDUSTRIAL RESEARCH ASSISTANCE PROGRAM (IRAP): Maximum 75% up to $500,000 towards labour

and consulting directly related to R&D project costs.

Phone: 1-877-994-4727 Web: http://www.nrc-cnrc.gc.ca/eng/services/irap/ financial-assistance.html

ACCELERATED REVIEW PROCESS (SMALL IRAP): Up to $50,000 towards supporting new or

improved innovative or technology driven products, services or process.

Phone: 1-877-994-4727 Web: http://www.nrc-cnrc.gc.ca/eng/services/irap/ financial-assistance.html

IRAP Y: 50% up to $12,000 to hire a recent graduate

for technical or, marketing related activities.

Phone: 1-877-994-4727 Web: http://www.nrc-cnrc.gc.ca/eng/services/irap/ financial-assistance.html

SMALL BUSINESS INTERNSHIP PROGRAM: 75% up to $10,000 to hire post secondary

school student to upgrade e-business or commerce information and communication technology (ICT).

Phone: 1-866-205-1188 Web: http://www.cfdcmiddlesex.on.ca/sbip.asp

TARGETED WAGE SUBSIDY: 50% of wages of a previously unemployed or

under employed person.

Phone: 1-800-387-5656 Web: http://www.edu.gov.on.ca/eng/tcu/ employers/wageSubsidy.html

MATCHING INVESTMENT FUND: 50% up to $250,000 towards the development

of new/innovative products that will increase demand for Canadian dairy ingredient(s).

Phone: 613-792-2019 Web: http://www.ingredientslaitiers.ca/dcp/article_e.asp? catid=1013&page=3128

ONTARIO MARKET INVESTMENT FUND: 50% up to $100,000 towards innovative market

research, communications and/or marketing projects that encourage Ontarians to buy locally-produced foods.

Phone: 1-800-959-5525 Web: http://www.omafra.gov.on.ca/english/food/ domestic/omif/omif.html

FUNDING IS ALWAYS CHANGING! Hiring

Eastern and Northern Ontario

Green Energy

Export Market Development

Academic Research

International Partnerships

Expansion outside of Ontario

Expansion outside of Canada

SERVICES LIMITEDGrants and Tax Rebate Specialists since 1987

DAVID REYNOLDSPhone: 519-766-1395

Web: www.inacservices.com

Mail: 232 Dublin Street North Guelph, Ontario, N1H 4P3

Email: dreynolds@inacservices.com

SERVICES LIMITEDGrants and Tax Rebate Specialists since 1987