NorthBridge Quoted in the National Post- the Impact of the Recent SR&ED Changes on the Clean Technology Industry
Mahrie Boyle was recently quoted in the National Post. In Mahrie’s article on Renewable Energy World, she noted that changes to the SR&ED program, in the recent 2012 federal budget, may have a negative impact on the clean technology industry. Read the full article here: Canadian Clean Cash- Renewable Energy Impact in the Wake of […]
Federal Government Tables Bill to Tighten up Mortgage Lending
The federal government has tabled a bill Thursday to provide the Office of the Superintendent of Financial Institutions (OSFI) oversight of the Canada Mortgage and Housing Corporation (CMHC). The amount of lending that CMHC insures has tripled from $200 billion in 2000, to $541 billion in September of 2011. OSFI’s oversight should have a dampening […]
Private Equity Firm Focuses on Management Buyouts
With the manufacturing economy still recovering from the last recession, corporate financing is difficult to come by. Many owners of small- to medium-sized manufacturers are looking for exit strategies, and may be hard-pressed to find one, because few financing options exist. NorthSpring Capital Partners is a private equity firm that provides an option for owners of SME manufacturing […]
A Third Industrial Revolution Will Take Manufacturing Digital
The Economist featured a special report on manufacturing and innovation. According to Paul Markillie, as manufacturing goes digital, smaller runs and massive customizations will be the key to customer satisfaction. The reshoring of manufacturing into North America may be driven by several factors, including: – The rising costs of transportation from oversea suppliers – The shortening of supply chain […]
Saskatchewan Film Employment Tax Credit Eliminated
Saskatchewan Finance Minister Ken Krawetz announced in the 2012 Saskatchewan budget that the Film Employment Tax Credit, which has been in place since 1998, will no longer be offered as of July 1, 2012. Most Canadian provinces, as well as the Canadian federal government, offer digital media tax credits and to encourage this industry. This announcement […]
Seminar (Milton, ON)- How to Prepare for a SR&ED Review
In collaboration with Excellence in Manufacturing Consortium (EMC), NorthBridge Consultants will be holding a SR&ED seminar in Milton, Ontario on April the 26th, 2012. Date: April 26, 2012 Time: Registration & Breakfast (7:30am – 8:00am); Presentation and Discussion (8:00am – 10:00am) Location: 605 Santa Maria Blvd, Milton ON L9T 6J5 Title of Seminar: How to Prepare […]
Seminar (Hawkesbury, ON)- How to Prepare for a SR&ED Review
In collaboration with Excellence in Manufacturing Consortium (EMC), NorthBridge Consultants will be holding a SR&ED seminar in Hawkesbury, Ontario on April the 20th, 2012. Date: April 20, 2012 Time: Registration & Breakfast (8:30am – 9:00am); Presentation and Discussion (9:00am – 11:00am) Location: 519 Main Street East, Hawkesbury, ON Title of Seminar: How to Prepare for a […]
Canadian Space and Aerospace Sectors Face Uncertain Times Ahead
The 2012 federal budget has reinforced the philosophy of a less centralized government, and more self-reliance in the space and aerospace sectors. Some of the key issues that will impact this industry are: – The Canadian Space Agency (CSA) budget being cut by 2.5% ($7.9 million) in 2012, and $24.7 in 2013. – Cutbacks to […]
Changes to the SR&ED Program
The Scientific Research and Experimental Development (SR&ED) tax incentive program provided $3.6 billion in tax assistance for research and development in 2011. In the past year, the SR&ED program was reviewed by an Expert Panel which presented a series of recommendations to the federal government. As a response to the recommendations of the Expert Panel, the […]
2012 Ontario Budget- Reductions to come from Public Sector Wages, Pensions, Suspension of Corporate Tax Cuts
The Ontario government tabled a new budget Tuesday which proposes a deficit elimination plan to reduce spending growth by $17.7 billion over the next 5 years. The proposed budget highlights savings through the freezing of public sector wages and reductions in pension contributions, which will result in $6 billion of savings. The suspension of planned corporate […]