In the Fall 2023 budget update, the Quebec government announced an investment of $1.3B into the Investment and Innovation Tax Credit (C3i), extending its support for businesses for another five years until January 1, 2030. Initially introduced in the March 2020 budget to replace prior investment and innovation tax credits, the C3i tax credit aims […]
In an age dominated by digital innovation, Canadian businesses recognize the transformative potential of embracing cutting-edge technologies. As technology evolves rapidly, companies must not only keep up with trends but also innovate to gain a competitive edge. However, the financial investment required can often be a significant hurdle. To address this challenge, we’ve curated a […]
In the dynamic landscape of business and technology, intellectual property (IP) stands as a cornerstone for innovation and growth. For businesses in Quebec, a wealth of opportunities awaits through various funding programs tailored to support and foster the protection of intellectual property. In this blog post, we delve into the world of IP funding, shedding […]
The exponential growth of Artificial Intelligence (AI) has revolutionized industries worldwide, offering transformative potential and unprecedented opportunities for innovation. In Canada, the AI startup ecosystem is vibrant and dynamic, with pioneering companies continuously pushing the boundaries of what is possible in these fields. However, as is the case with most startups securing financing is a […]
On March 23, 2023, Deputy Prime Minister and Minister of Finance, Chrystia Freeland, unveiled the federal government of Canada’s budget for the 2023-2024 fiscal year. Titled “A Made-in-Canada Plan,” the budget is focused on ensuring Canadians have access to the resources they need to thrive, supporting businesses and workers to build a strong and inclusive […]
Canada is one of the most prominent players in the global aerospace industry and is home to many companies that are known on an international scale—Bombardier, CAE, Pratt & Whitney Canada, Héroux-Devtek and Thales are just a few among them. In fact, the aerospace industry accounted for over $24 billion in Gross Domestic Product (GDP) […]
For innovators in Canada, investments in research and development (R&D) are vital; however, funding innovation often proves challenging, especially for growing companies with limited resources. The Canadian and Provincial Governments have several programs to help propel investment in R&D in companies across the country. Among them are the Canada Revenue Agency’s Scientific Research and Experimental […]
Advanced manufacturing is at the core of the Canadian economy—without it, creating better products and services and improving productivity would be difficult, if not impossible. Robotics, additive manufacturing, and big data analytics are key to developing innovative and efficient manufacturing processes. Canada has been seriously investing in robots since the 1990s. According to Statistics Canada, […]
The Ministère de l’Économie et de l’Innovation (MEI) recently announced changes to the eligibility criteria for the Tax Holiday Program for Foreign Researchers (FR) and Foreign Experts (FE). This program is designed to facilitate the recruitment of foreign researchers or foreign experts capable of aiding in the commercialization of innovation activities or the advancement of […]
Introduction The Tax Credit for the Development of E-Business, commonly referred to as “CDAE” – its French-language abbreviation – is a provincial tax credit available in Quebec for businesses developing e-business software solutions in the province. To be eligible, a business must have a minimum of 6 eligible employees spending 75% or more of their […]