SEPERATING THE WHEAT FROM THE CHAFF IN

GOVERNMENT ASSISTANCEGovernment Grants and Tax Rebates

for Ontario Agricultural Based Businesses

Prepared for RMAby David Reynolds, President, INAC Services Limited

SERVICES LIMITEDGrants and Tax Rebate Specialists since 1987

AGRICULTURAL ASSISTANCE

TOP TEN FUNDING PROGRAMS

AS OF

SEPTEMBER 2010

SCIENTIFIC RESEARCH AND EXPERIMENTAL (SR&ED) TAX CREDITS: Minimum 20% to 45 percent tax credit/rebate

for previous research and development.

Phone: 1-800-959-5525 Web: http://www.cra-arc.gc.ca/txcrdt/sred-rsde /menu-eng.html

RURAL ECONOMIC DEVELOPMENT PROGRAM: 50% up to $1 million for equipment and other

invoiced costs.

Phone: 1-888-588-4111. Website: http://www.omafra.gov.on.ca/english/rural/red/

ONTARIO MARKET INVESTMENT FUND: 50% up to $100,000 towards innovative market

research, communications and/or marketing projects that encourage Ontarians to buy locally-produced foods.

Phone: 1-800-959-5525 Web: http://www.omafra.gov.on.ca/english/food/ domestic/omif/omif.html

SECTOR INITIATIVE FUND 50% up to $100,000 towards innovative first

time training.

Phone: 1-800-959-5525 Web: http://www.omafra.gov.on.ca/english/food/ domestic/omif/omif.html

AGRIPROCESSING INITIATIVE (API): 50% up to $2 million 8-year interest free

unsecured loans.

Phone: 1-888-588-4111. Website: http://www.omafra.gov.on.ca/english/rural/red/

INDUSTRIAL RESEARCH ASSISTANCE PROGRAM (IRAP): Maximum 75% up to $500,000 towards labour

and consulting directly related to R&D project costs.

Phone: 1-877-994-4727 Web: http://www.nrc-cnrc.gc.ca/eng/services/irap/ financial-assistance.html

ACCELERATED REVIEW PROCESS (SMALL IRAP): Up to $50,000 towards supporting new or

improved innovative or technology driven products, services or process.

Phone: 1-877-994-4727 Web: http://www.nrc-cnrc.gc.ca/eng/services/irap/ financial-assistance.html

HIRING GRADUATES IRAP Y: 50% up to $12,000 to hire a recent

graduate for technical or, marketing related activities.

Career Focus Program in Agriculture and Agri-Food: 50% up to $20,000 for a maximum of 12 months

NSERC: $4,500 to hire a student enrolled in a graduate program to undertake a research project for up to 16 weeks

Phone: 1-866-452-5558 (Career Focus …)Web: http://www.servicecanada.gc.ca/eng/audiences/youth/index.shtml

UNIVERSITY COLLABORATION 100% up to $20,000 for the first time working

with a professor

Up to 2/3rds of feasibility, research and commercialization costs covered with business contribution including in-kind support

Bricks and mortar

Phone: 1-613-563-1236 (list of universities and colleges)Web: http://www.aucc.ca

EMPLOYMENT ONTARIO:

50% up to $410 per week for a maximum of 24 weeks to hire and train unemployed youth or workers.

100% up to $410 per week for 2 weeks plus 50% up to $410 for 8 weeks to hire and train unemployed youth or workers.

$3,000 wage subsidy to hire and train workers over 50 years old.

Phone: 1-800-387-5656 Web: http://www.edu.gov.on.ca/eng/tcu/ employers/wageSubsidy.html

REGIONAL AND OUT OF PROVINCE Quebec: Regional Economic Development

Offices

Manitoba: 50% up to $50,000 for feasibility studies or commercialization

Eastern Ontario: 15% on investments over 100,000 that create 10 jobs

FUNDING IS ALWAYS CHANGING! Hiring

Equipment Purchases and Training

Green Energy

Export Market Development

Academic Research

International Partnerships

Expansion outside of Ontario

Expansion outside of Canada

SERVICES LIMITEDGrants and Tax Rebate Specialists since 1987

DAVID REYNOLDSPhone: 519-766-1395

Web: www.inacservices.com

Mail: 232 Dublin Street North Guelph, Ontario, N1H 4P3

Email: dreynolds@inacservices.com

SERVICES LIMITEDGrants and Tax Rebate Specialists since 1987