The Canadian government allocates a portion of the Gross Domestic Product (GDP) to direct and indirect funding for businesses. Direct funding is made available in the form of repayable and non-repayable grants, while indirect funding is available in the form… Read more »
Linking Government Grants to SR&ED: Business Expansion
In order to sustain a thriving economy, the government of Canada continually invests in business growth and expansion through various direct and indirect sources of funding. Over the past five years approximately 35% of Canadian gross domestic expenditure on R&D… Read more »
Linking SR&ED to Training
There are many different government funding programs available to Canadian companies. The Scientific Research and Experimental Development (SR&ED) program is $3.5 billion tax credit initiative that encourages Canadian companies to invest in R&D. However, to optimize corporate returns from government… Read more »
Leveraging Hiring Grants and SR&ED Tax Credits
The Scientific Research & Experimental Development (SR&ED) tax credit program, administered by the Canada Revenue Agency, allows companies that engage in processes that result in new or improved product development to secure government funding to support their innovative work. The… Read more »
NorthBridge Success Story: Ontario Manufacturer Leverages SR&ED Program to Compete in Automotive Industry
The automotive industry is constantly changing and seeking new innovations in product development in order to satisfy the ever-growing demands of consumers. One of our manufacturing clients in Ontario continuously develops highly innovative products to remain competitive in this industry;… Read more »
BC Manufacturer Receives SR&ED Tax Credits to Advance Product Development
In 2014, NorthBridge consulted with a manufacturer in British Columbia, in order to determine which new products and processes were eligible for financial reimbursement through the Scientific Research & Experimental Development (SR&ED) tax credit program. This manufacturer consistently invested in… Read more »
Success of EMC’s Food, Beverage, and Bio Sector Event in Mississauga
NorthBridge Consultants presented at Excellence in Manufacturing Consortium’s Food, Beverage, and Bio Sector event at Mississauga Civic Centre on Tuesday, June the 16th. The event was well attended by Agri-Food manufacturers and all the attendees left with new knowledge to… Read more »
NorthBridge Success Story: Ontario Manufacturer Leverages SR&ED Tax Credit to Invest in Product Development
NorthBridge engaged a manufacturer in Brant County that was looking to develop new products and processes for their manufacturing facility. In order to enter new markets and become more competitive, the company was looking to invest in research and development.… Read more »
Ontario Food Processor Qualifies for Employee Training on ERP System
NorthBridge engaged an Ontario food processor that was looking to invest in new ERP software for their manufacturing facility. The project included the purchase of the new software, the purchase of related technology and equipment, and employee training on the… Read more »