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;
• Fees for consultants to complete any portion of the SMART application process;
• 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, postage or courier costs
• Communication costs
• Promotional materials i.e. golf shirts, golf balls, pens, hats, etc.
• Salaries and Commissions
• All recoverable taxes

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