Scientific Research and Experimental Development (SR&ED) and the Industrial Research Assistance Program (IRAP) are two of the largest government incentive programs in Canada. The chart below details some of the major differences between the 2 programs. Criteria Scientific Research and… Read more »
How to Keep Canadian Startups in Canada
Canada has had a problem developing, incubating, and commercializing the type of products that create new economies and new jobs. According to Richard Remillard, executive director of the Canadian Venture Capital Association, while the Canadian population is 1/10 the size… Read more »
Legislative Proposals Contain Changes to SR&ED Proposed in 2012 Budget
The Canadian Department of Finance has drafted legislative proposals, released August 14, that include the following changes to the SR&ED program: 1. Removal of capital from the expenditure base (for capital expenditures incurred in 2014). Effective January 1, 2014, capital… Read more »
Ample Government Funding Opportunities for Companies in Life Sciences Sector
According to the Financial Post, the life science sector attracts millions of dollars of funding each year from the federal and provincial governments: – The Scientific Research and Experimental Development (SR&ED) program provides a tax rebate on eligible R&D expenses.… Read more »
CME Suggests Tax Reforms a Necessity for Manufacturing Growth
A pre-budget submission published last week by Canadian Manufacturers and Exporters (CME) makes recommendations to increase Canada’s tax competitiveness to spur global investment. Their recommendations can be summarized as follows: 1. PRODUCTIVITY – Make the Accelerated Capital Cost Allowance (ACCA),… Read more »
Survey Shows: Federal Budget has Businesses on Edge
In June 2012, Deloitte conducted an online survey on the effects of the federal budget and how it impacts innovation investment in Canada. It was revealed that 80 percent of those surveyed believe that the budget will have a negative… Read more »
NorthBridge Summer 2012 Newsletter
NorthBridge’s 2012 summer newsletter is out! In this issue: –Get In the Game: Canada’s Digital Media Industry –New Fiscal Year’s Resolutions –NorthBridge Holds EMC Manufacturing Seminars –Federal Budget SR&ED Changes: Dollars and Cents –NorthBridge SR&ED Video
Increase Productivity by Opening Export Markets
Jeremy Leonard opines in the Financial Post that although Canada leads the G7 in GDP and employment growth during the past decade, labour productivity growth is lagging. Labour productivity growth slowed to an average of just 0.7% per year int… Read more »
RONA Rejects $1.76 Billion Unsolicited Takeover Offer from US-Based Lowe’s
Rona Inc. received and rejected a $1.76-billion unsolicited takeover offer ($14.50/share) from US-based Lowe’s Companies, causing its share price to soar 20% to $14.19 in trading this Tuesday on the Toronto Stock Exchange. Rona disclosed this offer during a brief… Read more »