Governments Grants & Rebates
The Scientific Research and Experimental Development (SRED) program provides Canadian businesses with retroactive tax credits and/or cash refunds of up to 35% for expenditures on eligible R&D work conducted in Canada. Investment tax credits range from 15-35% of eligible R&D costs.
The Federal Economic Development Agency for Southern Ontario (FedDev Ontario) was established in 2009 to support competitiveness, innovation, and diversification in southern Ontario. The program was renewed in 2013, with $920 million in available funding over five years.
The National Research Council-Industrial Research Assistance Program (NRC-IRAP) provides small and medium-sized enterprises (SMEs) with financial assistance, technical and business advice, and access to business information, contacts and networks to help them build and commercialize new technology. IRAP funding is non-repayable.
In addition to the above noted programs, GreenFlow can also assist in other programs such as : OCE, NSERC, Mitacs + many other programs which help secure R&D funding tax credits, new-hire & coop grants, government investment funding into early-stage & growing Ontario businesses.
We can assist companies in financing their existing SRED credits for the current and following year with competitive terms.
Residential HST Rebate
We can assist homeowners in obtaining an HST rebate of up to $30,000 if they have:
- Purchased a newly built home as a principle residence or as an investment property
- Majorly renovated a home
- Built a brand new home
** Please note that the above noted scenarios need to have been completed in the past 2 years.