According to the latest Canadian census results by Statistics Canada, Canada has shown strong and steady growth in every part of Canada and has reached a total population of 33.5 million. An open approach to immigration is the major contributor… 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.
Feed-In Tariff Program News
The Ontario Power Authority (OPA) is “moving forward with its commitment to review the Feed-In Tariff (FIT) Program” (read here), concerning the FIT review (scheduled for every two years) announced October to investigate price reduction, long-term sustainability, clean energy job… Read more »
Direct Government Funding – Benefits and Detriments
SR&ED and NRC IRAP are both substantial business support programs offered by the Canadian federal government. However, one of the major differences between the 2 programs is that NRC IRAP endorses direct up-front funding, whereas SR&ED is a tax credit for expenses… Read more »
Software Development and SR&ED
Software development is a key industry when it comes to R&D in Canada – in 2008 there were over 55,000 computer systems design and related companies operating in Canada, and that number continues to grow. Between smartphone apps and cloud… Read more »
Harper signals Canada’s looming R&D revamp
Canadian Prime Minister Harper reiterated possible amendments to the Canadian SR&ED program at the World Economic Forum at Davos, Switzerland on Thursday. “We believe that Canada’s less than optimal results for those investments is a significant problem for our country,” Mr. Harper… Read more »
New Hiring Credit for Small Business (HCSB)
The HCSB is a one-time credit of up to $1,000 based on the increase in an employer’s employment insurance (EI) premiums paid for 2011 over those paid for 2010. This hiring credit will be available to employers whose total EI… Read more »
Email Fraud Alert from the CRA
The Canadian Revenue Agency (CRA) posted an Email Fraud Alert yesterday, cautioning taxpayers to be aware of a phishing scam posing as CRA communication. Phishing is an attempt to acquire secure, personal information from individuals or businesses, such as user… Read more »
A Summary of Digital Tax Credits in Canada
Many provinces are jumping on board with new digital media tax incentives! Claiming for digital tax credits in conjunction with federal SRED will allow you to maximize your tax credits. As often is the case, the provinces all allow for digital… Read more »
Ontario Interactive Digital Media Tax Credit
OIDMTC is a refundable digital media tax credit that can be filed in addition to SRED. Managed by the Ontario Media Development Corporation (OMDC), the OIDMTC allows up to 35% of eligible expenditures can be refunded to qualifying digital game… Read more »