If You’re Gearing up to Submit your SR&ED Claim, Here’s What you Need to Know
For many Canadian companies, SR&ED remains one of the most valuable sources of non-dilutive funding they’ll access all year. It’s also the easiest program to get wrong. If a SR&ED claim submission is on your horizon, here are a few critical things to keep in mind this year. 1. CRA Has Quietly Removed a Major […]
The Hidden Risk of Relying on Previous SR&ED Approvals
As Canadian companies gear up to submit their SR&ED claims by the end of June, experienced teams often make a risky assumption: that past success guarantees future approvals. “We’ve been approved every year, so we must be eligible.” “This project is basically the same as last year.” “We’ve already been through a successful CRA audit; […]
SR&ED Documentation Do’s and Don’ts
As the calendar year comes to a close, it also marks fiscal year-end for many Canadian companies. This is the point when teams begin preparing their upcoming SR&ED claims, pulling together technical narratives and financial support for work completed over the year. Having strong documentation habits in place before this process begins can significantly reduce […]
Why Great Projects Miss Out on Funding: The Most Common Pitfalls We See
Government funding can be a powerful tool for driving innovation, growth, and capacity-building but navigating the landscape isn’t always straightforward. We often see organizations with strong ideas and high-impact projects miss out on funding for reasons that are completely avoidable. In our work supporting clients across industries, we’ve identified a few recurring pitfalls that stand […]
Webinar Recap: Do you know where your SR&ED is at?
Yesterday, NorthBridge held a webinar for existing clients and contacts to provide key information on the status of SR&ED, review best documentation practices, and discuss funding stacking policies. As a recap, we discussed: The status of the SR&ED review proposed by the federal government in Budget 2022. With consultations currently underway, the review team will […]
Extended SR&ED Reporting Deadlines
The CRA has received a ministerial order under the Time Limits and Other Periods Act (COVID-19) to allow for the extension of Scientific Research and Experimental Development (SR&ED) claim deadlines for no more than six months starting from March 13, 2020, and not past December 31, 2020. The extension provides more time for claimants who […]
SR&ED for Physicians and Medical Professional Corporations
Canada is recognized as a world leader in healthcare and medicine with many ground-breaking discoveries under its belt. Formidable efforts by various parties in the medical sector including physicians, medical professional corporations (MPCs) and health care entities (HCEs) to perform intensive research in a wide range of critical fields—from cancer research to population health—have led […]
What Every Canadian Startup Needs to Know About Non-Dilutive Financing
When it comes to starting a Canadian business, especially one with expensive R&D aspirations such as those in the high tech industry, it’s of crucial importance that a startup leverages government funding to extend the runway of its venture. A startup that doesn’t capitalize on the wide range of government funding opportunities is putting itself […]
Budget 2019: Highlights for Businesses
Federal Finance Minister Bill Morneau’s election year budget, tabled on March 19th, 2019, forecasted a deficit of $19.8B for fiscal 2019, with deficits projected to decline gradually to $9.8B by 2023. No additional measures were proposed to provide business tax reductions, or to address the 2018 Fall Economic Statement announcements regarding an Accelerated Investment Incentive or […]
Ontario Budget 2018 Highlights
The Ontario 2018 Budget, tabled on March 28, 2018, projects a growing deficit over the next three years and is predicted to resume a downward trend in 2022 with accumulated deficit expected to decline from 23.2% of gross domestic product (GDP) in 2017-18 to 22.1% by 2022. The Ontario Budget proposes several measures and investments […]