{"id":26494,"date":"2023-08-08T13:56:57","date_gmt":"2023-08-08T13:56:57","guid":{"rendered":"https:\/\/torontoglobal.ca\/?page_id=26494"},"modified":"2024-08-22T20:02:02","modified_gmt":"2024-08-23T00:02:02","slug":"ontario-government-incentives","status":"publish","type":"page","link":"https:\/\/torontoglobal.ca\/why-toronto-region\/ontario-government-incentives\/","title":{"rendered":"Ontario Government Incentives"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"26494\" class=\"elementor elementor-26494\" data-elementor-settings=\"{&quot;element_pack_global_tooltip_width&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;element_pack_global_tooltip_width_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;element_pack_global_tooltip_width_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;element_pack_global_tooltip_padding&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_padding_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_padding_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_border_radius&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_border_radius_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true},&quot;element_pack_global_tooltip_border_radius_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;top&quot;:&quot;&quot;,&quot;right&quot;:&quot;&quot;,&quot;bottom&quot;:&quot;&quot;,&quot;left&quot;:&quot;&quot;,&quot;isLinked&quot;:true}}\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ed0615e elementor-section-full_width scheme_dark elementor-section-height-min-height elementor-section-stretched elementor-section-height-default elementor-section-items-middle sc_fly_static\" data-id=\"ed0615e\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;_ob_glider_is_slider&quot;:&quot;no&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-extended\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7dc21c3 sc_content_align_inherit sc_layouts_column_icons_position_left sc_fly_static\" data-id=\"7dc21c3\" data-element_type=\"column\" data-settings=\"{&quot;_ob_column_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_column_has_pseudo&quot;:&quot;no&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5006878 ob-harakiri-inherit sc_fly_static ob-has-background-overlay elementor-widget elementor-widget-heading\" data-id=\"5006878\" data-element_type=\"widget\" data-settings=\"{&quot;_ob_use_harakiri&quot;:&quot;yes&quot;,&quot;_ob_harakiri_writing_mode&quot;:&quot;inherit&quot;,&quot;_ob_harakiri_text_clip&quot;:&quot;none&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Ontario Government Incentives<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t<div class=\"e-con-with-custom-width elementor-element elementor-element-2b6eba5 e-flex e-con-boxed sc_layouts_column_icons_position_left e-con e-parent\" data-id=\"2b6eba5\" data-element_type=\"container\" data-settings=\"{&quot;_ob_use_container_extras&quot;:&quot;no&quot;,&quot;_ob_column_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_glider_is_slider&quot;:&quot;no&quot;,&quot;_ob_column_has_pseudo&quot;:&quot;no&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-d44aacd e-con-full e-flex sc_layouts_column_icons_position_left e-con e-child\" data-id=\"d44aacd\" data-element_type=\"container\" data-settings=\"{&quot;_ob_use_container_extras&quot;:&quot;no&quot;,&quot;_ob_column_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_glider_is_slider&quot;:&quot;no&quot;,&quot;_ob_column_has_pseudo&quot;:&quot;no&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0bdce99 ob-harakiri-inherit sc_fly_static ob-has-background-overlay elementor-widget elementor-widget-heading\" data-id=\"0bdce99\" data-element_type=\"widget\" data-settings=\"{&quot;_ob_use_harakiri&quot;:&quot;yes&quot;,&quot;_ob_harakiri_writing_mode&quot;:&quot;inherit&quot;,&quot;_ob_harakiri_text_clip&quot;:&quot;none&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Incentives And Tax Credit Programs<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6cd2f79 ob-harakiri-inherit sc_fly_static ob-has-background-overlay elementor-widget elementor-widget-text-editor\" data-id=\"6cd2f79\" data-element_type=\"widget\" data-settings=\"{&quot;_ob_use_harakiri&quot;:&quot;yes&quot;,&quot;_ob_harakiri_writing_mode&quot;:&quot;inherit&quot;,&quot;_ob_postman_use&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li><strong>Scientific Research and Experimental Development Program (SR&amp;ED)<\/strong>:<br \/>This program offers tax credits or refunds from 15 percent to over 45 percent to encourage <a href=\"https:\/\/www.investopedia.com\/terms\/b\/business.asp\" target=\"_blank\" rel=\"noopener\">businesses<\/a> to conduct research and development in Canada that will lead to new, improved, or technologically-advanced products or processes.<\/li><li><strong>Industrial Research Assistance Program (IRAP)<\/strong>:<br \/>IRAP contributes up to 80 percent to a maximum of $500,000 toward internal and external business R&amp;D costs. Eligible costs include employee salaries, materials and laboratory expenses, and consulting fees.<\/li><li><strong>FedDev Ontario <\/strong>\u2013 <strong>Business Scale-up and Productivity:<\/strong><p>Globally-oriented businesses incorporated in Canada and located in Southern Ontario undertaking a range of activities to accelerate growth. No-interest, repayable contributions from $500,000 up to $10 million per project for eligible costs.<\/p><\/li><li><p><strong>Toronto Atmospheric Fund:<\/strong><\/p><p>Incentive for businesses addressing carbon reduction, field tested and third-party vertified technologies, potential local benefits, and scalable business opportunities.<\/p><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-65aceed e-con-full e-flex sc_layouts_column_icons_position_left e-con e-child\" data-id=\"65aceed\" data-element_type=\"container\" data-settings=\"{&quot;_ob_use_container_extras&quot;:&quot;no&quot;,&quot;_ob_column_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_glider_is_slider&quot;:&quot;no&quot;,&quot;_ob_column_has_pseudo&quot;:&quot;no&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e83bd43 ob-harakiri-inherit sc_fly_static ob-has-background-overlay elementor-widget elementor-widget-text-editor\" data-id=\"e83bd43\" data-element_type=\"widget\" data-settings=\"{&quot;_ob_use_harakiri&quot;:&quot;yes&quot;,&quot;_ob_harakiri_writing_mode&quot;:&quot;inherit&quot;,&quot;_ob_postman_use&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>In the <a href=\"https:\/\/torontoglobal.ca\/why-toronto-region\/toronto-region-quick-facts\/\">Toronto Region<\/a>, the biggest incentives for businesses are our diverse and highly educated labour force, competitive business costs, ideal location, and stable business environment.<\/p><p>In addition, the Canadian, Ontario and city governments in the region recognize the need to remain competitive against other global cities in order attract businesses. Your business can benefit from a number of incentives and tax credit programs offered in the region to lower your costs even further. Our team can help you find the right incentive for your business.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ac88f6b elementor-blockquote--skin-boxed sc_fly_static ob-has-background-overlay elementor-widget elementor-widget-blockquote\" data-id=\"ac88f6b\" data-element_type=\"widget\" data-settings=\"{&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;}\" data-widget_type=\"blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\t\u201cThe Toronto Global team was a pleasure to work with. They were a great help in connecting Nanoleaf with both public and private sector partners that have allowed us to establish our office in the Toronto Region. Furthermore, we\u2019ve been lucky enough to receive their ongoing support as we continue to grow our business here. Moving back to Toronto was a natural move for Nanoleaf. Our three founders are all University of Toronto engineering grads and they always knew they would come back to the Toronto Region to open up an office here. We have access to support systems and resources that are not available anywhere else in the world. From the benefits of the location itself and the amazing government support and incentives, to the impressive employment pool, being here is a no-brainer. This region is a natural fit for the company and we are proud to call Toronto home.\u201d\t\t\t<\/p>\n\t\t\t\t\t\t\t<div class=\"e-q-footer\">\n\t\t\t\t\t\t\t\t\t\t\t<cite class=\"elementor-blockquote__author\">\u2013 Gimmy Chu, Founder and CEO of Nanoleaf \u2013 Irteza Omar, Director of Business Development, Nanoleaf<\/cite>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section-with-custom-width elementor-section elementor-top-section elementor-element elementor-element-90e7f0b elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default sc_fly_static\" data-id=\"90e7f0b\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;_ob_glider_is_slider&quot;:&quot;no&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-extended\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-82453a4 sc_content_align_inherit sc_layouts_column_icons_position_left sc_fly_static\" data-id=\"82453a4\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ob_column_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_column_has_pseudo&quot;:&quot;no&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2203186 sc_fly_static ob-has-background-overlay elementor-widget elementor-widget-bdt-call-out\" data-id=\"2203186\" data-element_type=\"widget\" data-settings=\"{&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;}\" data-widget_type=\"bdt-call-out.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"bdt-ep-callout bdt-ep-callout-button-align-right bdt-grid bdt-grid-large bdt-flex-middle\">\n\t\t\t<div class=\"bdt-width-expand bdt-first-column\">\n\t\t\t\t\t\t\t\t\t<h3\t\t\t\t\t\tclass=\"bdt-ep-callout-title\">\n\t\t\t\t\t\tInterested in learning more?\t\t\t\t\t<\/h3>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"bdt-ep-callout-description\">\n\t\t\t\t\t\tReady to see what the Toronto Global team can do to support your business expansion in the Toronto Region?\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t<div class=\"bdt-ep-callout-button-wrap bdt-width-auto@m\">\n\t\t\t\t<a href=\"\/contact-us\" class=\"bdt-ep-callout-button\">\n\n\t\t\t\t\t<span >\n\n\t\t\t\t\t\tLet&#039;s chat\n\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\n\t\t\t\t<\/a>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Ontario Government Incentives Incentives And Tax Credit Programs Scientific Research and Experimental Development Program (SR&amp;ED):This program offers tax credits or refunds from 15 percent to over 45 percent to encourage&hellip;<\/p>\n","protected":false},"author":53,"featured_media":26495,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_searchwp_excluded":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"class_list":["post-26494","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/torontoglobal.ca\/wp-json\/wp\/v2\/pages\/26494","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/torontoglobal.ca\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/torontoglobal.ca\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/torontoglobal.ca\/wp-json\/wp\/v2\/users\/53"}],"replies":[{"embeddable":true,"href":"https:\/\/torontoglobal.ca\/wp-json\/wp\/v2\/comments?post=26494"}],"version-history":[{"count":19,"href":"https:\/\/torontoglobal.ca\/wp-json\/wp\/v2\/pages\/26494\/revisions"}],"predecessor-version":[{"id":39039,"href":"https:\/\/torontoglobal.ca\/wp-json\/wp\/v2\/pages\/26494\/revisions\/39039"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/torontoglobal.ca\/wp-json\/wp\/v2\/media\/26495"}],"wp:attachment":[{"href":"https:\/\/torontoglobal.ca\/wp-json\/wp\/v2\/media?parent=26494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}