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The Canadian SR&ED tax incentive is the government's largest single support program for R&D. Canada has one of the more generous R&D programs among OECD countries. [2] [3] "Each year the SR&ED program provides over $4 billion in investment tax credits (ITCs) to over 18,000 claimants. Of these, about 75% are small businesses."
Grants – Grants or "non-repayable contributions" are the funding that does not need to be paid back.; Loans – Loans may be low- or no-interest contributions. Financing methods and repayment requirements vary from conventional loan arrangements to situations in which the business fronts the costs, submits the costs to the agency, receives reimbursement for all or a portion of the costs, and ...
Social programs in Canada (French: programmes sociaux) include all Canadian government programs designed to give assistance to citizens outside of what the market provides. The Canadian social safety net includes a broad spectrum of programs, many of which are run by the provinces and territories.
The Strategic Innovation Fund (SIF) is the program of Innovation, Science and Economic Development Canada designed to support the "Canadian innovation ecosystem," [1] which includes providing "funding to innovative sectors" such as "advanced manufacturing, agri-food, clean technology, clean resources, digital industries, and health and biosciences."
The Canada Job Grant is a skill and trade training program established by the Government of Canada subsequent to the passage of the 2013 federal budget.It will be funded by the Canada Job Fund, a fund transfer from the federal government to provincial and territorial governments, which will be responsible for implementing the program.
Canadian Seafood Stabilization Fund [65] Farm Credit Canada lending: The federal government enabled Farm Credit Canada to provide an additional $5 billion in lending to producers, agribusinesses, and food processors. [39] Gas Tax Fund: Infrastructure Canada, announced on 1 June 2020, allocates $2.2 billion to help Canadian communities. [39]
These changes would, starting in the 2019–20 school year, reduce the family income threshold for grants from $175,000 to $140,000, require that the loan-to-grant ratio for funding given to students be at least 50 percent loan, and remove the six-month interest-free grace period for the Ontario portion of loans following graduation. [4] [5] [6]
Students may also be eligible for government loans that are interest free while in school on top of this line of credit, as private loans do not count against government loans/grants. [ 4 ] The March 2011 federal budget announced a Canada Student Loan forgiveness programme for medical and nursing students to complement other health human ...
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