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Sector Funding Guide · Updated June 2026

If you run a SaaS company or software startup operating in Ontario, here's every grant you qualify for

Recover up to 64% of local software developer payroll using the Ontario SR&ED tax credit stack. Compare verified federal and provincial programs, verify matching criteria, and model your funding stacking.

Reviewed by Ashwani
Research review: AshwaniVerified
FSI Digital Funding Research • Reviewed June 9, 2026

Funding Range

$50,000 – $400,000

Matched Programs

6 programs

Top Program

Ontario OITC / SR&ED Integration

Avg. Timeline

3–9 months

Step 1 of 5

Funding Eligibility Estimator

Calculate potential matching grants and tax credits for your business profile.

Ontario SaaS & Software Startups Funding Stack

Maximize non-dilutive capital by stacking provincial/state hiring vouchers with federal tax credits.

1

Hire computer science co-op students from Waterloo or UofT using Ontario wage subsidies.

2

Consult an NRC-IRAP ITA in Toronto or Ottawa to outline product roadmap milestones.

3

Claim integrated OITC and federal SR&ED on corporate tax filings.

4

Ensure all consultant quotes are obtained at arm's-length and project budgets are compiled before filing.

Not ready to complete the estimator?

Book a paid 30-minute Funding Audit. Our advisors identify your top 3 programs and build your application roadmap.

Check Eligibility Talk To A Funding Strategist

Recommended Programs (5)

Latest Update: June 2026
Tax CreditModerate Match

Scientific Research and Experimental Development (SR&ED)

Agency: Canada Revenue Agency (CRA)

Up to 64% of R&D salaries refundedRolling Intake

Canada's largest tax incentive for businesses conducting scientific research or experimental development. Provides a fully refundable investment tax credit (ITC) for eligible R&D expenditures.

Deadline: Rolling Intake
View Guide
GrantCompetitive Match

Industrial Research Assistance Program (IRAP)

Agency: National Research Council (NRC)

$50,000 to $500,000+ (covers 50-80% of wages)Rolling Intake

Provides non-repayable grants and advisory support to help Canadian small and medium-sized enterprises (SMEs) develop and commercialize innovative technologies.

Deadline: Rolling Intake
View Guide
GrantModerate Match

CanExport SMEs Program

Agency: Trade Commissioner Service (TCS)

Up to $50,000 (covers 50% of export costs)Multiple Windows

Offers cost-shared funding to help Canadian businesses expand into new international markets by covering travel, marketing, trade show, and translation costs.

Deadline: Multiple Windows
View Guide
HybridLow Match

Canada Digital Adoption Program (CDAP)

Agency: Innovation, Science and Economic Development Canada (ISED)

$15,000 advisory grant + $100,000 interest-free loanRolling Intake

Helps small and medium-sized businesses digitize operations, adopt advanced CRM/ERP tools, upgrade cybersecurity, and scale ecommerce pipelines.

Deadline: Rolling Intake
View Guide
GrantModerate Match

Ontario Skills Development Fund (SDF)

Agency: Ontario Ministry of Labour, Training and Skills Development

Up to $150,000+ (reimburses up to 100% of training costs)Multiple Windows

Helps employers retrain existing employees or onboard new hires to operate advanced machinery, software, or digital systems in Ontario.

Deadline: Multiple Windows
View Guide

Frequently Asked Questions

QWhat is the Ontario Innovation Tax Credit (OITC)?

A provincial tax credit that integrates with federal SR&ED, providing an additional 8% refundable credit for qualifying R&D expenditures in Ontario.

QWhat is the typical funding success rate for Ontario SaaS & Software Startups?

Approval rates vary from 25% for highly competitive research grants to over 70% for tax credit programs. Structuring a clear business and technical case with complete documentation maximizes your approval potential.

QWhat is the typical funding success rate for Ontario SaaS & Software Startups?

Approval rates vary from 25% for highly competitive research grants to over 70% for tax credit programs. Structuring a clear business and technical case with complete documentation maximizes your approval potential.

QWhat is the typical funding success rate for Ontario SaaS & Software Startups?

Approval rates vary from 25% for highly competitive research grants to over 70% for tax credit programs. Structuring a clear business and technical case with complete documentation maximizes your approval potential.

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Funding Comparison Guides

IRAP vs. SR&ED: Comparing Canada’s Top R&D Funding Options

Compare the NRC-IRAP wage subsidy grant against the CRA’s Scientific Research & Experimental Development (SR&ED) tax refund program. Learn how to qualify, calculate yields, and stack them.

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CanExport SMEs vs. Global NY STEP: Export Marketing Grants Compared

Compare Canada’s CanExport SMEs program against the United States STEP trade expansion program. Choose the right export cost-sharing program for trade shows and marketing.

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Ontario SDF vs. CDAP: Workforce Training vs. Digital Transformation Funding

Compare the Ontario Skills Development Fund (SDF) training wage subsidies against the federal Canada Digital Adoption Program (CDAP) digital adoption planning incentives.

Compare Programs

Government Grant vs. Business Loan: Which Non-Dilutive Funding is Right for You?

Compare non-repayable government grants against government-backed business loans (like CSBFP and SBA 7(a)). Understand when to pursue grants vs. debt financing for your business stage.

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Related Programs

Direct application guides for the core funding programs available to ontario saas & software startups:

SR&ED Tax CreditGuide IRAP GrantGuide CanExport SMEGuide CDAP Advisor GrantGuide Ontario Skills Development FundGuide
Step 1 of 5

Funding Eligibility Estimator

Calculate potential matching grants and tax credits for your business profile.

Non-Dilutive Funding Advisory

FSI Digital provides pre-qualification reviews to help ontario saas & software startups match the right programs. We do not charge upfront application fees.

Want expert guidance?

Book a 30-minute paid Funding Audit. An FSI advisor reviews your eligibility, identifies your top 3 programs, and builds your action plan.

Talk To A Funding Strategist
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Last reviewed: June 2026

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