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 »
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 »
NorthBridge SR&ED Video
Check out NorthBridge’s latest informative video about the Scientific Research and Experimental Development (SR&ED) program!
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 »
Seminar (Milton, ON)- How to Prepare for a SR&ED Review
In collaboration with Excellence in Manufacturing Consortium (EMC), NorthBridge Consultants will be holding a SR&ED seminar in Milton, Ontario on April the 26th, 2012. Date: April 26, 2012 Time: Registration & Breakfast (7:30am – 8:00am); Presentation and Discussion (8:00am – 10:00am)… Read more »
Seminar (Hawkesbury, ON)- How to Prepare for a SR&ED Review
In collaboration with Excellence in Manufacturing Consortium (EMC), NorthBridge Consultants will be holding a SR&ED seminar in Hawkesbury, Ontario on April the 20th, 2012. Date: April 20, 2012 Time: Registration & Breakfast (8:30am – 9:00am); Presentation and Discussion (9:00am – 11:00am)… Read more »
Changes to the SR&ED Program
The Scientific Research and Experimental Development (SR&ED) tax incentive program provided $3.6 billion in tax assistance for research and development in 2011. In the past year, the SR&ED program was reviewed by an Expert Panel which presented a series of recommendations… Read more »
Is Entrepreneurship Waning in Canada?
The Globe and Mail recently addressed the fact that in recent years, the relative impact of self-employment across Canada has been waning. Self-employment has always been an important feature of the Canadian economy; the OECD lists Canada as one of the… Read more »