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… Read more »
NorthBridge Consultants’ Canadian Business Blog is dedicated to bringing businesses news and information to help companies identify and access the most appropriate government funding programs.
We offer opinions and insider information that can provide a pulse on government initiatives, the health of the Canadian economy, and firsthand thoughts from Canadian business owners.
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… Read more »
OMDC Measuring OIDMTC Impact
The Ontario Media Development Corporation (OMDC) has engaged Ottawa-based economic consulting firm to spearhead a campaign to assess the impact of the Ontario Interactive Digital Media Tax Credit (OIDMTC) on Ontario’s economy and growing digital media industry. Nordicity is administering… Read more »
Canadian Businesses Encouraged to Invest in Economy
Canada’s corporate tax rate, reduced from 19% to 15% in 2012, currently creates a tax burden that is the second-lowest among developed countries, according to a recent KPMG survey. The central bank has held the main interest rate at only… Read more »
Canada Media Fund initiates automated reporting with comScore
The Canada Media Fund (CMF) has announced the development of an automated digital media measurement tool to measure performance and efficacy of CMF-funded digital media projects, collaborating with digital analytics company comScore. The CMF first announced plans to establish a… Read more »
Innovation Key to Canada’s Competitiveness Says GE Canada’s CEO
General Electric Canada’s President and CEO, Elyse Allan, spoke recently at the Economic Club of Canada about how process improvements and technology can help businesses mitigate the risk of doing business abroad. Allan stressed the need to expand in a… Read more »
SR&ED versus IRAP
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 »