Venture Capital Fundraising Concerns in Canada
According to 2011 year-end figures from the Canadian Venture Capital and Private Equity Association, a four-year high of $1.5 billion from VC was disbursed to Canadian startups last year. Although this was the highest level since 2008, this was far short of the $2.1 billion invested in 2007. New funds for VC hit $1 billion […]
British Columbia Reverts Back to PST/GST
After a vote on August 5th, the voters of British Columbia have decided to revert back to the PST/GST system from the combined HST system they were using. Reverting back to the separate PST/GST systems will take approximately 18 months to put into place, but those in British Columbia can look forward to paying 7% […]
Additional Funding Sources
Northbridge Consultants is the industry leader in maximizing monetary gains for Canadian Businesses through the Federal SR&ED Program. We accomplish this by identifying more SRED-eligible projects, and by supporting our clients every step of the way (from the time we first tour their facilities, through the preparation of all necessary documentation, right up until the […]
The New HST Tax and How It Effects Your Business
Back in March, when the Provincial and budget was announced, it was revealed that the PST and GST would be combined to form the Harmonized Sales Tax (or HST) in Ontario. When it was first announced that Ontario will be switching over to this system, I will admit that I was a little perturbed about […]
3 Tools to manage FX risk and enterprise profits.
Many of our clients have exposure to foreign currencies within their yearly business cycle, but do not utilize the array of foreign exchange tools that are available to manage the risk of fluctuating currency values and the profits associated with those risks. Net Exporters hope for a weak Canadian Dollar in order to maximize revenues […]
What is the CME Smart Program and how can it help you?
Continuous improvement in manufacturing is vital to help our businesses continue to grow and stay competitive in the global market. Have you thought about implementing changes to make your manufacturing process more lean? Are you working towards improving the quality of the product you manufacture? What about reducing a negative impact you may have on […]
Ontario Provincial 2009 Budget
The proposed 2009 Ontario provincial budget, released March 26th, 2009, puts forward new tax measures intended to build on the government’s “5 point” economic plan. Understandably there is much controversy about the spending plans, and many Ontarians are expressing concern over the Sales Tax Harmonization, and how it will affect the individual. On a positive […]
EI and Bankruptcy Filings Dramatically Increasing
The number of Canadians filing for bankruptcy and unemployment benefits rose significantly in January, according to new numbers released Tuesday by The Office of the Superintendent of Bankruptcy Canada. More than 117,000 Canadians filed for bankruptcy over the period of twelve months ending January 2009. This denotes an increase of 15.8 % from the previous […]
Banks starting to turn down federal funding
I was pointed in the direction of an article in today’s edition of the Globe and Mail: Banks begin to decline federal aid in first sign of recovery. According to the article, at this point in time, banks aren’t struggling as much to raise funds for giving out loans, and have a more ready supply […]