Take Advantage of Tax Credits and Grantsto Finance Your Company’s Growth

1. Take Advantage of Tax Credits and Grants
to Finance Your Company’s Growth
Presented in collaboration with Apparel Québec

2. Tax Credits and Grants Team
Catalina Podaru
Technician, HR, Tax
Credits and Grants
Aline Chemali
Tax Credits and Grants
Consultant
Elysa Rodier,
CHRP
Principal Human
Resources/Tax Credits
and Grants Consultant
Denis Grondin,
Ec. D.
Business Development
Manager
Frédérick Blanchette,
CHRP
Partner

3. Our Firm
Founded in 2004
Associated with PSB Boisjoli
Team of 15 professionals
Offices in Montreal, Toronto and Quebec
400 clients - SMEs and large enterprises
Solertia, Partner in Growth
QUALITY COLLABORATION DIVERSITY

4. Our Services
Compliance
HR Programs and Performance
Tax Credits and Grants

5. Tax Credits and Grants
10 years of experience
50 files completed annually
Efficient and diligent
Solid business relationships
40+ industries

6. How to Rethink the Notion of Funding
Look at the big picture to optimize your ROI
6

7. How to Rethink the Notion of Funding
The goal of growing always sounds nice…
… but without the proper planning, the growth can have a negative effect.
Growth
Search
Higher ROI

8. Tax Credits Versus Grants
VS
After realizing the
activities
Managed by two
government entities
Certificate
Fixed deadlines
Tax Credit
Before beginning
activities
Managed by one
government entity
Agreement/Contract
Flexible deadlines
Grant
Refundable or Non-Refundable

9. Tax Credits: How Do They Work?
Analyze operations and activities
Complete application
Submit application and follow-up
Produce/amend tax return
Optimize tax credits

10. Grants: How to Increase Impact
Apply prior to carrying out activities
Maximize your return on investment
Optimize your available grants
IMPORTANT!

11. Grants: How Do They Work?
Analyze operations and plan activities
Complete application
Submit application and follow up
Review/confirm grant agreement
Request reimbursement

12. Sources of Funding
PROVINCIAL FEDERAL

13. Main Types of Projects
Export and Market Development
Innovation
Energy Efficiency
HR Tools and Structure
Hiring and Training

14. Innovation
Acquiring a New Building
Designing Products
Performing SR&ED Activities
Purchasing New Equipment
Implementing New Technologies

15. Export and Market Development
Export Development Canada (EDC)
CanExport
Quebec Export Program (MÉSI)
Canada Economic Development Quebec Regions

16. HR Tools and Structure
Total Compensation and Incentive Programs
Employee Manual
Job Descriptions
Performance Evaluations
Diagnostics (Can lead to training, hiring, new technology, etc.)
EQ wants to help companies invest in their employees and business

17. Hiring and Training
IT Training (Superuser training, Transfer of knowledge)
New Hires (Recent graduates, Youth Employment Program,
PRIIME)
On-the-job Training Period (Stage and Workplace
Apprenticeship Program)
Succession Plan Training
Cross-training

18. Energy Efficiency
Hydro Québec
Gaz Métro

19. Example – ABC Inc.
• New Hires
• $500,000 in renovations,
$300,000 in new equipment
• Potential Grant = $275,000
Energy Efficiency
Grant
DEC-CED
• $30,000 Salary - 40 hr/week
• Potential Grant = $8,652Salary Subsidies
• $80,000 in training
• Potential Grant = $36,000MFOR, SACE
• $200,000, software & training
• Potential Refund = $40,000
IT Tax Credit,
MFOR, SACE
• Training
• New Construction/Purchase of
Equipment
• Assessment and Implementation
of an ERP system
Planned activities for the 2016 fiscal year

20. Why Work with Solertia?
Over $25M
Obtained for our
clients over the past
10 years
Solid Business
Relationships
With governmental
entities and other relevant
parties
Collaboration
With our tax and
engineer teams
Knowledge
Of vast array of
programs
Approach
Personalized and
accompanying

21. Questions?
We welcome your feedback. Please complete the evaluation form.
Thank you!

22. Networking
What program is best suited for
your company?
Consult us to discuss your
options!

23. List of Programs

24. Design of Goods Made on an Industrial Basis
Fashion Design
Fashion
Designer
Graphic
Designer
Patternmaker
External
24% 30 +
clients
The program is offered to companies in:
textile, clothing, footwear, jewelry and accessories.

25. Integration of IT in Manufacturing and Primary
Sector SMBs
ERP
CRM
SCM
20% 80% of project
costs are covered
The program is offered to manufacturing and primary sector SMBs that want to
modernize their management systems.

26. On-the-Job Training Period
Supervisor
Trainee
12% to
25%
 Workplace
Apprenticeship
Program
 Stage
The program covers On-the-Job training for students, as well as individuals enrolled in
the Workplace Apprenticeship Program

27. CanExport Program
 Tradeshows
 Market studies
 Travel costs
 Design of
marketing material
50%
Up to $99,999
In a market that
you have not
exported to in the
past 24 months

28. Quebec Export Program
 Tradeshows (new)
 Market studies
 Travel costs
 Adaptation of
marketing material
30%
Up to $25,000
In a market
outside of
Quebec
Program will open in April 2016

29. SR&ED: How to Obtain Credits
 Labour
 Subcontractors
 Material
Consumed
 Overhead
(55% of salaries - proxy)
Up to
73%
Project Based
Uncertainty
Scientific or
Technological
Systematic
Approach
Advancement
Scientific or
Technological
Eligibility
Criteria
 Development of new
product or process
 Improvement of existing
product or process

30. Hydro Québec - Energy Efficiency
 Contractors
 Feasibility
Studies
 Materials
Up to
50%
For buildings
of at least
10,000 m²
Insulation
Windows, walls,
roof, etc.
Air Systems
Heating, ventilation, air
conditioning, and HVAC
Examples
Lighting
Changing your lights
to LED bulbs,
implementing timers
and sensors

31. Gaz Métro - Energy Efficiency
 Contractors
 Feasibility
Studies
Up to
50%
($100,000)
Financial
assistance is
based on the
energy savings
generated
Unit Heater
for the purchase and
installation of a new
natural gas unit
heater
Energy
Efficient
Renovations
Replacing
windows,
insulating, etc.
Energy
Efficiency
Measures
to optimize the use of
natural gas and reduce
energy consumption
Examples