Changes to the Canada Emergency Wage Subsidy
Canadian Prime Minister Justin Trudeau announced changes to the Canada Emergency Wage Subsidy (CEWS) yesterday. Trudeau said firms will now have to show their year-on-year revenues had dropped by 15% in March, half the previous level of 30%, to claim a 75% wage subsidy for employees. In related news, Air Canada has announced that it […]
Federal COVID Assistance for Businesses
During these unprecedented times, the federal government has announced a variety of incentives to assist Canadian businesses. This bulletin summarizes pertinent federally-announced COVID incentives for businesses. We expect additional announcements will be made to further address support for Canadian businesses in the coming days. 75% Canada Emergency Wage Subsidy (CEWS)- The CEWS will provide a […]
USMCA Trade Deal Reached After Year of Intense Negotiations
Details about the newly renegotiated United States-Mexico-Canada Agreement (USMCA) have been released. This proposal, if ratified, will address disputes in the Canadian automotive and agricultural sectors, the cost of generic drugs in Canada, and online eCommerce. It does not currently address national security tariffs, but preserves the dispute resolution process from the North American Free Trade Agreement (NAFTA). […]
NorthSpring Capital Partners Invests over $1.5 million in Five Companies in the Toronto-Waterloo Technology Corridor
NorthSpring Capital Partners announced recent investments in five high growth companies located in the Toronto-Waterloo technology corridor: SSIMWave Inc. Intellijoint Surgical Inc. Sprout Wellness Solutions HTBase Inc. Envoy Energy Inc. and ComTech CNG
New Deadlines Imposed for Ontario Interactive Digital Media Tax Credit Applications
In the recent November 2016 Fall Economic Statement, the Province proposed an application deadline for OIDMTC which passed into law on December 8, 2016. To be eligible for the OIDMTC companies must apply by the day that is 18 months after the end of the company’s taxation year during which development of the eligible product(s) was […]
Breakfast Seminar in Vancouver- Financing Solutions for Technology Companies
Join us for an insightful presentation with Canada’s top financial houses servicing the technology sector. Hosted by MNP, learn about a range of alternate funding options available. Date: Tuesday, January 17, 2017 Time: 7:30 a.m. to 9:00 a.m. Location: MNP Tower Suite 2200 MNP Tower 1021 West Hastings Street Vancouver, B.C. Panelists include Jonathan Schubert […]
Toronto Region Board of Trade – July 11 Workshop for Trade Accelerator Program
“A lower Canadian dollar, limited domestic growth and a strengthening U.S. economy have established the right conditions for Canadian firms to go global.” – Toronto Region Board of Trade On Monday July 11, 2016, the Toronto Region Board of Trade will host a workshop for its Trade Accelerator Program (TAP) members to discuss how to […]
Happy Halloween from NorthBridge Consultants
Happy Halloween from the team at NorthBridge Consultants!
NorthBridge 2015 Fall Newsletter – Review of Major Industry Trends and 2016 Projections
NorthBridge’s 2015 fall newsletter has just been released. Topics covered include: Connected and Interconnected: Information and Communications Technology Trends Where Taste Leads the Way: Opportunities in the Food Industry Printing Our Way to a Flexible Future: Trends in the Plastics Industry NorthBridge Chemical/Plastics Expert: Jeff Mitobe Manufacturing Momentum: How Manufacturing will Change in 2016
Ontario Drive and Gear to Receive $1.5 Million in Funding From Province
A New Hamburg automotive parts manufacturer, Ontario Drive and Gear, is to receive $1.5 million in non-repayable funding from the Ontario government through the South Western Ontario Development Fund. The money will be used to purchase new equipment, in turn adding 35 jobs to Ontario Drive & Gear’s current headcount of 117.