Linking SR&ED to Training
There are many different government funding programs available to Canadian companies. The Scientific Research and Experimental Development (SR&ED) program is $3.5 billion tax credit initiative that encourages Canadian companies to invest in R&D. However, to optimize corporate returns from government funding programs, other grants can be leveraged in addition to SR&ED. One of the main […]
Summer 2015 Newsletter – Business Innovation
NorthBridge’s Summer 2015 newsletter is out! Topics covered include: Innovation and SR&ED IRAP funding for R&D IRAP’s New Business Innovation Access Program Spotlight: Sol Algranti Fed Dev’s Investing in Business Innovation Program AgriInnovation
Leveraging Hiring Grants and SR&ED Tax Credits
The Scientific Research & Experimental Development (SR&ED) tax credit program, administered by the Canada Revenue Agency, allows companies that engage in processes that result in new or improved product development to secure government funding to support their innovative work. The program provides tax credits on eligible labour, overhead, material, and subcontracting costs dependent on the […]
NorthBridge Success Story: Ontario Manufacturer Leverages SR&ED Program to Compete in Automotive Industry
The automotive industry is constantly changing and seeking new innovations in product development in order to satisfy the ever-growing demands of consumers. One of our manufacturing clients in Ontario continuously develops highly innovative products to remain competitive in this industry; NorthBridge engaged with them to help optimize their refundable tax credits from the Scientific Research & Experimental […]
Top 10 Innovations in July
July 22, 2014 – Stanford researchers invented a process to dissipate heat in solar cells, which are prone to overheating. Researcher Shanhui Fan concluded applying silica glass onto solar cells in a particular pattern facilitates cooling without using an additional energy source. July 8, 2014 – University of California researchers developed a lithium ion battery […]
Employee Spotlight: Welcome back Vy and Ela!
NorthBridge is happy to welcome back Vy Boulay and Ela Malkovsky, who have been on maternity leave for the last year. Vy is a SR&ED Team Specialist and she is situated in New Brunswick. She works closely with our clients in Eastern Canada to develop and file their SR&ED claims. Ela is a Technical Writer […]
Happy Canada Day from NorthBridge Consultants!
July 1, 1867, was a momentous day in Canadian history; it was the day the Dominion of Canada was born. With the official approval of the British North American Act and establishment of the Confederation, the nation was in its early stages of becoming united from sea to sea. Still in the nation’s infancy years […]
BC Manufacturer Receives SR&ED Tax Credits to Advance Product Development
In 2014, NorthBridge consulted with a manufacturer in British Columbia, in order to determine which new products and processes were eligible for financial reimbursement through the Scientific Research & Experimental Development (SR&ED) tax credit program. This manufacturer consistently invested in new development and had taken advantage of the SR&ED tax credit in previous years. Though […]
Funding to Improve Employee Skills in British Columbia
In British Columbia, the cost-sharing Canada-BC Job Grant is a program that provides funding to employers to invest in the training of new employees and to update the skills of current employees. Through this grant, an employer may receive reimbursement for up to two-thirds of eligible costs related to an employee’s training, including tuition, software, and textbooks. […]
Employee Spotlight: Denis Dinella
Denis Dinella has recently joined the NorthBridge team as a Lead Generation Specialist. He is enthusiastic and excited to be a part of the Sales and Marketing team. His role includes researching new companies, setting up meetings with potential clients, managing current clients, and researching government funding programs. His favourite part about the role is […]