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Food & Beverage Industry Profile - Hamilton Economic Development

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FOOD AND BEVERAGE<br />

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 of 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 of 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 of 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 offering temporary<br />

wage subsidies.<br />

Contact: <strong>Hamilton</strong> Human Resource Centre of 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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