Is increasing your sales one of your resolutions for 2016? Well, you’re not alone! Now is the time to start exporting outside Canada. Good news: the federal government can help.
After the Quebec government’s assistance program (Export Program), whose budget was exhausted before all applications could be met, it’s the federal government’s turn to institute a grants program to help Canadian businesses export their products. We’re talking about the new CanExport program, which officially launched on January 5, 2016, and will help small or medium-sized businesses to exploit export opportunities. This grant can refund 50% of expenses, up to $99,999.
Eligible activities covered under the program include:
- business travel abroad
- participation in trade fairs and trade shows
- market studies
- adaptation of marketing tools to new markets
- legal fees related to distribution or agency agreements
Eligibility criteria:
- have between 1 and 250 employees
- have no less than $200,000 in annual revenue declared in Canada
CanExport is being co-delivered by the Government of Canada through an administrative arrangement between Global Affairs Canada’s Trade Commissioner Service (TCS) and the National Research Council of Canada’s Industrial Research Assistance Program. CanExport is a five-year, $50-million program. This generous program will very likely be a huge hit, so you’d better hurry before the funds run out!
Emergex SR&ED Subsidies, the expert in SR&ED and E-Business programs (CDAE), can guide you to claim this grant and related services. Contact us for an introduction.
Pierre Savignac has been the CEO and Founder of Emergex SR&ED Consultants since its inception 30+ years ago. He earned a bachelor’s degree in computer science from University of Montreal in Quebec, Canada, followed by a certificate in four languages and thousands of hours of professional education. He has worked in the field of information technologies for 40 years and has helped over a thousand companies claim $500 million in SR&ED tax credits with a 98% success rate.
