Improving Canada’s Fuel Economy Standards with the Automotive Innovation Fund
Environmentally-friendly vehicles have come a long way in terms of technological advancement and efficiency, but as with anything, there’s always room for improvement. The Automotive Innovation Fund (AIF) is a new program that aims to do just that by providing funding for vehicle and powertrain assembly operations associated with significant automotive innovation to support large-scale […]
Spin Master Innovation Fund Assists Young Entrepreneurs
Toronto-based Spin Master, a children’s entertainment giant, partnered with the Business Development Bank of Canada and the Canadian Youth Business Foundation (CYBF) to launch the Spin Master Innovation Fund. This fund provides up to 10 Canadian entrepreneurs, between the ages of 18 and 39, with $50,000 in financing to fund their growth, plus a paid […]
NorthBridge’s Autumn 2012 Newsletter – Government Funding Opportunities
NorthBridge Consultants has released its Autumn 2012 Newsletter. Topics covered include: Editor’s Welcome – Government Funding: Stay Ahead of the Curve Government Funding Programs Maximizing Government Funding For Growth Bill C-45: What You Need to Know
Bank of Canada Expected to Announce No Change to Interest Rates
The Bank of Canada (BoC) is expected to announce no change to the current ultra-low interest rates. The BoC may be under pressure to increase interest rates due the the sky-rocketing Canadian housing market, and the increasing debt load of Canadian families. However, the GDP report released on Friday showed that the Canadian economy has […]
NorthBridge Pleased to Accept Nomination for Ninjamatics’ 2012 Canadian Weblog Awards
NorthBridge Consultants is pleased to accept the nomination for Ninjamatics’ 2012 Canadian Weblog Awards in the “Business & Career and Science, Technology & the Internet” category. The Ninjamatics’ 2012 Canadian Weblog Awards are a juried competition — no voting! — with nominations that are open in 35 categories between February 1st and November 31st, 2012. The nominees shortlist will be announced on […]
NorthBridge Launches New Website
NorthBridge is pleased to announce the launch of our new website, to reflect our expertise beyond SR&ED in helping companies navigate the government funding system. Our goal is to be your in-house government funding resource across four main business objectives: business growth, innovation, workforce development and digital media. Government funding is essential to securing a […]
Soft Patch in Canadian Economy
Canadian job creation stalled in October, while the national unemployment rate held at 7.4%. Closer analysis of the data reveals that the western provinces have had lower-than-average rates of unemployment, compared to higher-than-average rates of unemployment in Ontario and the eastern provinces. The western provinces had previously been driving economic growth with its resources (oil, […]
CME Smart Prosperity Now Still Accepting Applications for Equipment Purchases and the Attendance of Trade Shows
If your manufacturing company is situated in Southern Ontario and is planning on purchasing or upgrading equipment, or planning on attending an upcoming trade show, then you could be receiving a grant for 1/3 of your costs (up to $75,000) from Canadian Manufacturers and Exporters (CME). CME is Canada’s largest trade and industry association for […]
Manufacturers Will Divest of R&D if Capital Expenditures Exempted from SR&ED
A recent study released by Canadian Manufacturers and Exporters (CME) found that 69% of manufacturers would reduce research and activity activities, and 18% would shift their R&D to other jurisdictions if the federal government exempts capital expenditures from the SR&ED program. While the majority of Canadian businesses engaged in R&D spend on labour costs, large […]
Minister Flaherty Tables Corporate Income Tax Changes
The Minister of Finance, Jim Flaherty, has tabled a detailed Notice of Ways and Means Motion to implement income tax reforms. The majority of the measures were related to corporate tax, and include an overhaul of the Scientific Research and Experimental Development (SR&ED) program. The corporate tax reforms that were tabled are outlined below: Expansion […]