Incentives

There are a variety of programs available to existing and new businesses locating in the Brantford·Brant area. The following list provides a brief summary of available incentive programs by local, provincial and federal organizations. For more information, and to receive specific contacts for these programs, please contact one of our development officers and they will be glad to assist you.

Local

Enhanced Job Placement
Financial assistance for training subsidies for new hires negotiated on a per case basis (max $4,000).
http://www.brantjobs.on.ca/

Youth Opportunities Ontario (Job Connect)
Ontario employers looking to hire and provide on-the-job training may receive a training subsidy. http://jobconnect.mohawkc.on.ca/

Enterprise Brant
Administers a loan portfolio to assist new or existing small business with start-up, expansion or stabilization plans. Repayable, flexible financing of up to $125,000 is available.
http://www.enterprisebrant.com/

Grand River Employment & Training
Targeted training assistance for Six Nations Band Members: Wage subsidy of up to a maximum $8.00 per hour per person subject to employer's business plan.
http://www.greatsn.com/

Provincial

On-Site
Provides employers with qualified assistance to hire educated professionals for up to six months.
http://www.epi.ca/

Co-operative Education Tax Credit
Up to $1,000 per co-op placement for recognized post-secondary Ontario school program.
http://www.trd.fin.gov.on.ca/userfiles/HTML/cma_3_2299_1.html

My Company
Provides entrepreneurship training and business start-up loan guarantees for young people, aged 18-29 who want to start their own business.
http://www.ontariocanada.com/ontcan/en/youth/youth/ye_strategy.jsp

Rural Economic Development (RED) Program
Grants to business projects which develop local economies through the creation of long term jobs, alliances, skill training, new technology and innovation. Pending business case, grants up to $500,000 have been awarded. The money must at least be matched by the applicant(s).
http://www.omafra.gov.on.ca/english/rural/red/red_creating.htm

Advanced Manufacturing Investment Strategy (AMIS)
Encourage Ontario manufacturers to increase the adoption of advanced manufacturing technologies and innovative practices which will grow and retain highly skilled employment in a range of sectors. Eligibility includes minimum $50 million investment or the creation/retention of at least 150 high value jobs.
http://www.ontariocanada.com/ontcan/en/progserv_amis_en.jsp

Apprenticeship Training Tax Credit
Business reimbursed 25% eligible expenditures to qualified apprentices during first 36 months of training program paid or payable after May 2004 and before January 1, 2011. Maximum credit $5,000 per apprentice.
http://www.trd.fin.gov.on.ca/userfiles/html/cma_3_42484_1.html

Ontario Innovation Tax Credit (OITC)
10% refundable tax credit for public or private corporations with permanent establishment in Ontario. Tax credit for scientific research and experimental development expenditures carried on in Ontario by the corporation. 10% tax credit for qualifying expenditures to a maximum of $2 million annually.
http://www.trd.fin.gov.on.ca/userfiles/HTML/cma_3_6209_1.html

Federal

Targeted Wage Subsidy Program
Financial assistance in the area of $3,000 per hire subject to employer's business plan.
http://www.hrsdc.gc.ca/en/epb/sid/cia/grants/tws/desc_tws.shtml

Youth Internship Program
Financial assistance for youth under age 30. Subsidy dependent upon position and person hired.
http://www.youth.gc.ca/yoaux.jsp?&lang=en&flash=1&ta=5&auxpageid=667

Internship Program with Innovative Small and Medium Enterprises
Financial assistance for S.M.E. with 500 employees or less who want to hire science/technology/business/liberal arts graduate. For an internship term of six months, IRAP will provide a maximum support of $12,000 to help cover a part of the intern's salary.
http://irap-pari.nrc-cnrc.gc.ca/youthinitiatives_e.html

Industrial Research Assistance Program
Financial assistance ranging from $5,000 to $350,000 for a period of up to 36 months to assist S.M.E. in bringing new products, processes and services to market.
http://irap-pari.nrc-cnrc.gc.ca/howirapcanhelpyou_e.html

Scientific Research and Experimental Development (SR&ED) Program
Canadian controlled private corporations with less than $200,000 of taxable income can receive a refundable investment tax credit of up to 35% (enriched rate) for qualifying SR&ED expenses. An enriched refundable claim has a limit of $2 million. Other Canadian corporations, proprietorships, trusts can receive an investment tax credit of up to 20% for qualifying SR&ED expenditures.
http://www.cra-arc.gc.ca/taxcredit/sred/aboutus-e.html

Transformative Technologies Program (TTP)
Loan to assist Canadian industry in costs of innovation and technology adoption.
http://www.ic.gc.ca/cmb/welcomeic.nsf/icpages/programs

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