Non-eligible Costs

costs of land, building or vehicle purchase;
refinancing;
costs of intangible assets such as goodwill, whether capitalized or expensed;
depreciation or amortization expenses;
interest on invested capital, bonds, debentures, or mortgages;
bond discount;
losses on investments, bad debts and any other debts;
fines or penalties;
costs related to litigation;
non-incremental wages;
fees for administrators, including payments to any member or officer of the Board of Directors;
Travel, accommodations, meals and entertainment
Research and Development costs or prototype development and samples
Labour - internal
Materials
Construction
Media advertising
Media placement
Training
Shipping, transportation costs
Communication costs
Promotional materials i.e. golf shirts, golf balls, pens, hats, etc.
Commissions

** SMART reserves the right to amend the criteria as required.