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 »
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.
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 »
What can we learn from the failure of Kodak, Sears, and Newspapers?
In his recent article, Ken Doctor analyzes the slow disappearance of familiar brands such as Kodak, Sears, and various newspaper companies. These examples all illustrate the fact that “brands decay” and that “disruption doesn’t happen just once.” His “lessons learned”… Read more »
Harper hints at R&D tax break overhaul
Prime Minister Stephen Harper is hinting that Ottawa will overhaul a $3.5-billion SR&ED program. The recent Jenkins Report recommended that the SR&ED tax credit be made simpler and smaller. Among suggested changes to the Scientific Research & Experimental Development program,… Read more »