The recent 2012 BC provincial budget has expanded the scope of the BC Interactive Digital Media Tax Credit (IDMTC) to include cutscene productions. IDMTC is a 17.5% refundable digital media tax credit on salary and wages. The program is offered… 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.
SR&ED Addressed by the Provincial Budgets of Western Provinces
The three western provinces have each addressed SR&ED in their respective 2012 provincial budgets. Alberta has enhanced their SR&ED program by $25 million, Saskatchewan has reduced their SR&ED program, and British Columbia did not make any changes to their SR&ED… Read more »
Reactions to The U.S. Bioeconomy Blueprint: Innovation and concerns loom on the horizon.
The 2012 U.S. National Bioeconomy Blueprint was announced on April 26th with the purpose of assessing strategic objectives to maximise on the U.S. bioeconomy potential and to highlight ongoing efforts to meet those objectives. However, many are concerned that the blueprint predominantly… Read more »
Canada Media Fund releases Digital Media Performance Measurement Framework
The Canada Media Fund (CMF) announced the launch of a Digital Media Performance Measurement Framework on Monday, May 14. The framework was developed through consultation with industry stakeholders during workshop sessions in Toronto, and is designed to effectively measure the… Read more »
Canadian Businesses Most Likely to Pursue M&A Growth
Research from the latest Grant Thornton International Business Report (IBR) shows that 42% of Canadian businesses surveyed plan to grow through acquisition. These numbers are consistent with historically high figures over the past 5 years in Canada. The survey also… Read more »
NorthBridge Featured in Canadian Tooling & Machining Association Magazine
NorthBridge Consultants was featured in Canadian Tooling and Machining Association’s spring 2012 edition. The article, entitled “Strengthening your SR&ED Claims with Documentation,” emphasized the importance of contemporaneous project documentation and financial documentation requirements in order to adequately support a SR&ED claim. A well-supported,… Read more »
CMC Urges Federal Government to Reconsider Changes to SR&ED Program
In a letter to Finance Minister Jim Flaherty, the Canadian Manufacturing Coalition (CMC) addressed concerns about recent changes to the SR&ED program. 1. Reducing the SR&ED Investment Tax Credit (ITC) rate from 20% to 15% will directly and negatively affect… Read more »
CME-SMART Prosperity Now Program
The CME-SMART Prosperity Now program provides funding to manufacturers in South Ontario who commercialize technologies, enter new markets, invest in renewable energy, improve efficiency, and invest in manufacturing efficiencies. In January, FedDev Ontario announced that it would contribute $18.9 million… Read more »
Potential Turnaround Looms in Canadian Economy
An index of Canadian business confidence has risen higher for the second straight quarter. The Conference Board of Canada’s business confidence index sits at 101.8 for the first quarter of 2012, up 2.5 points over the fourth quarter of 2011. … Read more »