Industrial and Regional Development Regulations (SOR/83-599)
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Regulations are current to 2013-05-26
13. Subject to section 14, the Minister may make a contribution to an applicant in respect of the costs of engaging the services of a qualified consultant
(a) to perform a study concerning the feasibility of a proposed project or activity that is likely to be eligible for assistance under section 9, 10, 11 or 12; or
(b) to perform
(i) market research,
(ii) a study concerning technology transfer to the applicant, or
(iii) a venture capital search
in connection with a proposed project or activity that is likely to be eligible for assistance under section 9, 10, 11 or 12.
14. (1) The Minister’s contribution under this Part shall not exceed
(a) 33.3 per cent of the costs or eligible costs, as the case may be, of
(i) projects and consulting services for projects carried out in districts located in Tier Group I, and
(ii) activities and consulting services for activities to be carried out by eligible persons located in Tier Group I;
(b) 40 per cent of the costs or eligible costs, as the case may be, of
(i) projects and consulting services for projects carried out in districts located in Tier Group II, and
(ii) activities and consulting services for activities to be carried out by eligible persons located in Tier Group II; or
(c) 50 per cent of the costs or eligible costs, as the case may be, of
(i) projects and consulting services for projects carried out in districts located in Tier Group III or Tier Group IV, and
(ii) activities and consulting services for activities to be carried out by eligible persons located in Tier Group III or Tier Group IV.
(2) The Minister shall not make a contribution to an applicant under section 9, 10, 11 or 12 if
(a) the application therefor is received after February 18, 1987; and
(b) the total eligible costs of the project of activity are less than $100,000.
- SOR/84-902, s. 4;
- SOR/87-67, s. 1.
PART VI
ESTABLISHING A NEW FACILITY
15. In this Part, “establishing a new facility” includes a purchase of the assets of an existing facility if
(a) at the time of the application, commercial production in the facility has ceased or is about to cease;
(b) the cessation or imminent cessation of commercial production in the facility is dictated by circumstances beyond the control of the vendor of the assets;
(c) the purchase of the assets is a bona fide arm’s length transaction and has not been contrived for the purpose of an application under the Act or these Regulations; and
(d) the purchase price of the assets for the purposes of assistance under this Part is not in excess of the fair market value of the assets.
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