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  1. AccessOCI
  2. Project Finance
  3. Project Funding

Project Funding

  • Our company received grant through OCI, is the grant regarded as income? How should we treat this in our tax return?
  • Are cash contribution from OCI subject to HST?
  • Are cash contributions from OCE subject to tax?
  • Can OCI make project payments in United States Dollars (USD)?
  • If an industry partner remits funds to an institution for a project that has been withdrawn, can the institution use the funds for another project awaiting approval from OCE?
  • Once my application has been approved by OCE, how long will it be before funds are deposited in our account?
  • What does OCI consider in-kind contributions?
  • When will I receive project funds?
  • How are project funds dispersed?
  • What if I do not utilise the full budget/OCI funds?
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