During tough economic times, companies need to take advantage of internal sources of financing in order to survive. One source of financing, which few companies are aware of, are the tax credits you can receive from the federal government for… 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.
Salary or Wages Performed Outside Canada Now Qualify for SR&ED
The Scientific Research and Experimental Development (SR&ED) tax incentive program awards up to a 35% tax credit on eligible research and development expenses. In the past, only labour performed within the geographical boundaries of Canada qualified for the SR&ED program. … Read more »
Inflation or Deflation- What Will be the Ultimate Outcome?
Economists really do not have a consensus as to what will happen in the next little while. At the moment, they cannot agree whether inflation or deflation is the bigger threat. Deflationists believe that the cooling economy will lead to… Read more »
Housing Prices Tumble in Metropolitan Canada
It was bound to happen. Housing prices are beginning to fall in metropolitan Canada. In the Greater Toronto Area, housing prices have tumbled the first time in over a decade, down by 3% from last year’s levels. Average existing home… Read more »
Increasing Government Spending Will Stimulate the Economy
Keynesian Economics, or “The New Economics,” holds that governments should vary taxes and spending to offset both rising inflation and staggering output. Free-marketers argue that the cost of periodic crashes is worth it, in order to preserve the freedom of… Read more »
Manufacturers Can Breath Sigh of Relief With Lower Canadian Dollar
The loonie took a beating alongside stocks last week, falling 7.77 cents or 8.4 per cent this past week, and 2.59 cents alone on Friday. The loonie has now dipped below 90 cents against the U.S. greenback. The silver lining is… Read more »
Federal Government Provides $25B Injection to Lending Industry
Finance Minister Jim Flaherty announced Friday that the federal government will buy $25 billion worth of mortgage debt from Canadian banks in a bid to stabilize the lending industry and encourage lower interest rates. Due to the subprime mortgage crisis,… Read more »
How Will The Federal Election Impact the SR&ED Program?
[ Image courtesy of the Toronto Star ] During the Leaders’ english debate on October the 3rd, one issue that was broached was the federal SRED (Scientific Research and Experimental Development) business incentive program. Under the existing federal SR&ED program, non-profitable corporations with… Read more »
Businesses Need To ‘Go Green’ To Stay Competitive In New Economy
Due to the economic downturn, many traditional industries are in peril because resources are no longer in demand, consumers are scrimping instead of spending, and the financial institutions are in disarray. To survive as a business, it’s paramount that now,… Read more »