Elliot Schiller is a Director at Toronto’s Teeger Schiller Inc., a firm specializing in government funding and systems selection/implementation. His clients receive over $5 M annually to support ongoing business innovation. E-mail eschiller@teegerschiller.com, visit www.FundingHelp.ca or phone 1-888-816-0222 Ext. 102

Improving your products and processes? There is funding help available

At the end of April, 2015, the Canada Revenue Agency (CRA) revised its Eligibility of Work for SR&ED Investment Tax Credits Policy with significant new “clarifications”. For the first time since the program was introduced in 1992, the term scientific method no longer applies to the SR&ED program. In what this author considers a confirming acknowledgement of … Read more →

Canada-Provincial Training Grants

Most provinces now offer training grants to encourage employers to improve the skill levels of their employees.  A cynic might say it’s being ramped up because this is an election year.  Nevertheless, from a business perspective, when was being granted up to $12,500 per employee to make your employees even more valuable to your company … Read more →

Funding Help to bring your new product to market

Recently, I attended a seminar presented by Public Works and Governmental Services Canada discussing the federal Built in Canada Innovation Program (BCIP). BCIP’s stated objective is to help Canadian businesses bridge the pre-commercialization gap that many of them face in moving their innovative goods and services from the laboratory to the marketplace. If you have a … Read more →

Don’t delay – it may be your last chance to obtain OIDMTC funding for your interactive digital media project

At the conclusion of 2014, Ontario announced as part of its 2014 Ontario Outlook and Fiscal Review, that it would be reviewing the Ontario Interactive Digital Media Tax Credit (OIDMTC). It refers to this overall endeavour as striving for “A Fair and Efficient Tax System.” While this review encompasses many taxation areas ranging from personal … Read more →

Should you invest in RRSP?

It’s that time of year again – RRSP season. So I thought I’d switch direction this month and concentrate my column on personal finances instead of business funding help. Below are the pros and cons of RRSP investing as I see them, to let you decide exactly what’s right for you. The ‘pros’ of investing … Read more →

Government Funded wage subsidy programs

The Temporary Foreign Worker Program has certainly been in the news of late. However, did you know that there are many other non-controversial wage subsidy programs available to Canadian companies? As we’ve discussed in this column in the past, subsidies are put in place because the government of the day wants to incentivize various sectors … Read more →

Obtaining Government Funding

Many in the business world think that the rules are just guidelines with respect to how to apply for funding from a government body. That couldn’t be further from the truth. In the movie My Cousin Vinny, the judge, played by the late Fred Gwynne, informs the lawyer, played by Joe Pesci, that in his … Read more →

Exporting in your future?

I recently had a very interesting discussion with an Export Development Canada (EDC) representative about the program. I didn’t think it was a topic for my funding help column as I thought everyone was familiar with EDC. So, I did a quick survey of a few senior-level business people and found out how wrong I … Read more →

Funding help begins with a good business plan

By now you’ve likely seen in my columns that many funding opportunities require a good business plan, whether you hope to be borrowing directly from the bank or getting a guaranteed loan through a government grant. In our April 2014 column, “Funding Help for Business Expansion”, we suggested that your business plan should address the … Read more →

Financial help for the manufacturing sector

It started April 1, 2014 as part of the Government of Canada’s 2013 Economic Action Plan introduced in December of that same year. The Advanced Manufacturing Fund (AMF) is a $200 million fund targeting the southern Ontario manufacturing sector and is being delivered by the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). Specifically, … Read more →