Incentives for Industry

The World Trade Magazine has ranked Canada in the Top 3 for Investment and Trade Opportunities, and with good reason.

Canada offers businesses low tax rates. Today, Canada has the lowest payroll taxes among the G7 countries and by 2010 Canadian–based firms are expected to average a corporate tax advantage of more than 4.5 percentage points over US based firms.

National Incentives

Canada’s proactive federal government wants your business and it pulls out all the stops to make it worth your while. To truly welcome foreign investment, it offers numerous incentives to ensure new businesses will be successful.

Scientific Research and Experimental Development Program
Business involved in research and development can apply for tax credits on expenditures such as wages, materials and equipment. Administered by the Canada Revenue Agency (CRA).

Industrial Research Assistance Program
Small- and medium-sized foreign subsidiaries incorporated in Canada can apply for on-site aid from IRAP's Technology Advisors. Administered by the National Research Council of Canada.

BDC Financing
The Business Development Bank of Canada funds companies with a basis in technology and a sustainable, market-oriented business plan.

Natural Sciences and Engineering Research Council of Canada
NSERC works with companies that have been provincially or federally incorporated in Canada to encourage research and development in collaboration with universities and students.

Precarn
Precarn funds projects involving the participation of at least two companies and one university, and works with funding programs in other companies to support research and development in the field of intelligence systems.

Film Industry Services
The Canada Revenue Agency administers two film tax credit programs to help the film industry in Canada.

To be eligible for most incentives, you must have a company established in Canada.