Port of Hamilton Industry Profile - Hamilton Economic Development
Port of Hamilton Industry Profile - Hamilton Economic Development
Port of Hamilton Industry Profile - Hamilton Economic Development
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PORT OF HAMILTON<br />
Industrial Building Incentive Program (IBIP)<br />
Incentives up to $80,000 for applicants who demonstrate that a proposed design is expected to<br />
consume at least 15% less energy than a standard or reference building based on the Model<br />
National Energy Code for Buildings (MNECB) and at least 10% less energy due to specific<br />
process improvements. Overall, the building should be at least 25% more efficient than other<br />
similar facilities.<br />
Contact: Office <strong>of</strong> Energy Efficiency, Natural Resources Canada<br />
Toll Free Telephone: 800-387-2000<br />
Ontario Innovation Tax Credit (OITC)<br />
A 10% refundable tax credit for corporations that make expenditures on scientific research and<br />
experimental development (SR&ED) carried on in Ontario. The Maximum claim is $200,000 per<br />
taxation year.<br />
Contact: Corporations Tax Branch, Ministry <strong>of</strong> Finance, Specialty Assessments Unit<br />
Telephone: 905-433-5450<br />
Web: www.trd.fin.gov.on.ca<br />
Scientific Research and Experimental <strong>Development</strong> (SR&ED)<br />
Tax Incentive Program<br />
A federal tax incentive program to encourage Canadian businesses <strong>of</strong> all sizes and in all sectors<br />
to conduct research and development that will lead to new, improved, or technologically<br />
advanced products or processes. Claimants can apply for SR&ED investment tax credits for<br />
expenditures such as wages, materials, machinery, equipment, some overhead and SR&ED<br />
contracts.<br />
Contact: Canadian Revenue Agency Contact: <strong>Hamilton</strong> Tax Services Office<br />
Toll Free Telephone: 800-959-5525 Telephone: 905-572-2650<br />
Web: www.cra-arc.gc.ca<br />
Targeted Wage Subsidy<br />
Enables employers to hire individuals who face barriers to employment by <strong>of</strong>fering temporary<br />
wage subsidies.<br />
Contact: <strong>Hamilton</strong> Human Resource Centre <strong>of</strong> Canada<br />
Telephone: 905-572-2211<br />
Technology Partnerships Canada<br />
Provides funding support for strategic research and development and demonstration projects<br />
that produce economic, social and environmental benefits to Canadians.<br />
Contact: Canadian Ontario Business Service Centre<br />
Toll Free Telephone: 800-567-2345<br />
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