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Ontario's R&D Cost Advantage 

Both Canada and the United States provide special incentives for companies engaged in qualifying R&D activities. However, the Canadian R&D incentive system is generally considered to be more generous that the equivalent U.S. system.

Learn about the Ontario Innovation Tax Credit here.

Learn about the Ontario Business Research Institute Tax Credit here.

For a list of Business Assistance Programs  visit our web site's searchable data base of federal, provincial and other business assistance programs.

There are a number of other incentive programs that companies undertaking R&D in Sarnia-Lambton may be able to access. These programs are all highly discretionary, and assistance needs to be sought and negotiated on a project-by-project basis:
  • Industrial Research Assistance Program (IRAP): This program, administered by the National Research Council (NRC), provides financial assistance, business and technology advice, and a range of other innovation assistance to small and medium-sized Canadian enterprises. Learn more here.
     
  • Natural Sciences and Engineering Research Council of Canada (NSERC): This body can provide research grants for university-based collaborative research projects. Learn more here.

"R&D Cost Advantage" Source:  MEDTE/MRI analysis, prepared using CompetitiveAlternatives.com  Cost model, 2012 version, accessed on March 30, 2012

"After-Tax Cost of $100 R&D Expenditure, Small and Medium Sized Manufacturers, 2013" Sources: Ontario Ministry of Finance and Canada Revenue Agency  Note: data as of June 2013