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 […]
Our Manufacturing Roots Run Deep
Before building a SR&ED and government funding consultation business, Sol Algranti, President and CEO of Northbridge Consultants, worked in the manufacturing industry for many years. After finishing education in a high school for skilled trades, Sol began working in a large plastics manufacturing company where he gained practical knowledge of various plastic processes including injection moulding, blow […]
Free Seminar: Learn How to Manage IP & SR&ED to Boost Corporate Value
When it comes to intellectual property (IP) and Scientific Research and Experimental Development (SR&ED) tax credits, CFOs must constantly assess the value of the services that they receive in exchange for engagement fees. Making this assessment can be challenging to the point of frustrating. CFOs must keep the bigger picture of overall financial health of […]
EMC Strategic Interest Group Networking Event
OWEN SOUND & AREA BRUCE | GREY | HURON Event Details: Date: Wednesday, January 25, 2017 Location: Hobart Food Equipment Grp; 2875 East Bay Shore Rd, Owen Sound (MAP) To register for this event please contact Jeff Mitobe Agenda Items: Welcome, Introductions & EMC Update Discussion as per SIGs below Plant Tour Roundtable Networking Financing […]
Resolving claimants’ SR&ED concerns: Changes to CRA Guidelines
On May 30, 2016, the Canada Revenue Agency (CRA) made the following changes to the guidelines for resolving claimants’ SR&ED concerns in order to make the administrative review process faster and more consistent: Form RC532: Request for Administrative Review has been introduced to ensure that claimants provide the necessary information to the CRA to evaluate […]