Northbridge Consultants is the industry leader in maximizing monetary gains for Canadian Businesses through the Federal SR&ED Program. We accomplish this by identifying more SRED-eligible projects, and by supporting our clients every step of the way (from the time we first tour their facilities, through the preparation of all necessary documentation, right up until the CRA Reviews are completed). This approach has lead to a one hundred percent acceptance rate for claims we have prepared during our twenty-five year history, and our clients typically receive ninety-five percent of the amount submitted on their behalf.
In addition to SR&ED Tax Credits Canadian Businesses can also obtain funds in advance of their projects. The National Research Council provides funding for activities that generate new employment in the technology or science fields through their IRAP Program. Generally, fifty percent of project labour costs are provided. In special circumstances costs for equipment, studies, lab fees, specialized materials and contractor fees are also funded.
Another federal program available to Canadian Industries is the ecoENERGY Retrofit Incentive. This program encourages businesses to modify buildings, equipment and systems through upgrades to reduce the facility’s energy use. The program provides up to twenty-five percent of project costs to a maximum $50,000 per application. Using energy more efficiently helps industries to be more competitive and reduces greenhouse gas emissions and air pollution leading to a cleaner environment for all Canadians.
Your Northbridge Account Manager will assist you in understanding NRC Programs, and how they can be utilized in conjunction with your SR&ED Tax Credit claim.