Surviving Foreign Competition
Aggressive offshore competition isn’t new to us here. Let’s face it – it can be tough to survive when products similar to yours can be purchased for a fraction of the price from a company that doesn’t even operate in Canada. This can lead to a huge reduction in sales, can result in non-profit situations, […]
SR&ED & foreign-owned companies
Canadian companies definitely have an advantage when it comes to research and development tax credits. Canada is rated among the Top G20 countries when it comes to Research and Development. The government encourages Canadian companies to do their research in Canada with tax credits and cash back incentives to remain manufacturing in Canada. Foreign companies […]
What if you get other government grants and loans?
With the number of government grants, loans and other assistance available, we have frequently been asked whether companies can still file for the SR&ED program if they’re taking advantage of other assistance programs. There are so many different programs available: from IRAP, to small business grants, to funding that will help make things more energy […]
R&D Tracking
There seems to be an endless amount of paperwork required to keep a successful business operating efficiently and effectively these days. With all of the different regulatory, industry association requirements and internal documents to deal with, adding another heap of tediousness might seem counterproductive. Northbridge clients know that Research & Development document control is one […]
Reader Question: Can NPOs Claim SR&ED?
We have had some people contact us with a question about whether non profit organizations (NPOs) can claim for the SR&ED program. The short answer is, unfortunately no. However – corporate clients or partners can. Why is this? The CRA states that only business and corporate tax-payers (including Canadian-controlled private corporations, public and foreign-owned companies) […]
Using SR&ED to turn R&D into a profit centre
The SR&ED program offered by the provincial and federal governments is an under-used and even more under-utilized program. According to the CRA there are currently, in Canada, only about 50% of eligible companies taking part in the SR&ED program. In 2007 that figure equated to 18,000 companies and $6 Billion dollars being paid out. In […]
Why do you need an SR&ED Consultant?
Nortel is in the news again! A giant in the IT Industry and Canada’s one time largest employer have been force to sell off it’s assets due to bankruptcy. This time it is their wireless network infrastructure to Nokia Siemens Networks. IT is an industry ripe with innovation and Canada needs innovation in order to […]
Good Documentation in SR&ED Claims
Thorough documentation is a necessity when making an SR&ED claim. Good documentation proves to the CRA reviewers who are looking into your claim that you have done all the work to get through the technical obstacles that you claim to have done. The more documentation that you have, and the better quality it is, the […]
How can you calculate your SR&ED claim?
Have you ever wondered how much you would be eligible to claim for the SR&ED program? You may think that you wouldn’t get enough back to justify making the claim in the first place – after all, claiming on your own could take a lot of time just to put the claim together. But you […]
Aerospace Sector Soars Above Economic Turmoil
The aerospace and defense industry is one of the few sectors in manufacturing that is currently not only surviving but thriving amid the recession, despite the grim predictions for job losses and bankruptcies among other Canadian manufacturers, plummeting oil prices, and the ever fluctuating CDN dollar. Employment rates and revenue are even continually on the […]