Upcoming Seminar- Leveraging SR&ED to Reduce Patent Application Costs
Exploiting synergies between SR&ED/IRAP and patent applications can save time and resources Many people don’t realize that significant parallels exist between what is required for a SRED/IRAP filing and for a patent filing. Join experts from Northbridge Consultants, a professional engineering firm and subject matter expert on government funding, and PCK, a leading boutique intellectual property […]
Update to SR&ED Program Service Standards
The Canada Revenue Agency (CRA) has recently released an update of service standards for processing SR&ED claims. Based on average processing times and success rates in 2015, the following are CRA’s service standards for processing SR&ED claims as of December 31, 2015 (following the receipt of a complete claim): Refundable claims – 120 calendar days […]
R&D Across Canada: 10 Quick Facts
1. The Scientific Research and Experimental Development (SR&ED) tax incentive program dates back to as early as 1944, when companies could deduct 100% of eligible expenditures and a third of capital expenditures incurred for scientific research from their taxable income. 2. The Canadian government provides over $20 billion in the form of direct and indirect […]
Funding Webinar: Optimizing Returns from Multiple Government Funding Sources
We invite you to join us for our upcoming information session! Domestic and international competition is forcing Canadian businesses to develop new or improved products, increase productivity and expand sales in global markets. Financing for innovation or growth has always been a challenge for many companies in Canada. Both the federal and provincial governments provide […]
SR&ED Projects From Star Trek
If the inventors of the technological innovations depicted in the Star Trek franchise conducted their research and development (R&D) in Canada and had been Canadian-Controlled Private Corporations, they could have been eligible for funding using the Scientific Research and Experimental Development (SR&ED) program. In SR&ED, there are several industries and sub-sectors that are eligible for […]
Successful Abbotsford Seminar on Government Funding
On Thursday September 30th, NorthBridge partnered with the Abbotsford Chamber of Commerce and the National Research Council of Canada (NRC) Concierge Service to deliver a breakfast seminar on numerous government funding opportunities. Company representatives from various industry sectors were able to learn about the most recent advancements in direct and indirect government funding programs, as well as gain a […]
Upcoming Breakfast Seminar on Government Grants in Abbotsford, BC
Join us at the Abbotsford Chamber of Commerce on Wednesday, September 30th for a free breakfast and Seminar on Government Funding presented by our Regional Manager for Western Canada, Jaap Siekman, as well as the Innovation Advisor for the National Research Council of Canada Concierge Service, Erik Kaas. Time: Wednesday, September 30, 2015 7.30 am- […]
Summary of Provincial and Territorial R&D Tax Credits
The Canada Revenue Agency has recently released the most current summary of provincial and territorial R&D tax credits. Recent program developments by region include: Manitoba As of January 1, 2014, the definition of ‘eligible expenditures’ has been amended in line with the federal reduction in the prescribed proxy amount to 55%, and the reduction to […]
Linking Government Grants to SR&ED: Capital Equipment
The Canadian government allocates a portion of the Gross Domestic Product (GDP) to direct and indirect funding for businesses. Direct funding is made available in the form of repayable and non-repayable grants, while indirect funding is available in the form of tax credits. The most widely known indirect funding program is the Scientific Research and […]
Linking Government Grants to SR&ED: Business Expansion
In order to sustain a thriving economy, the government of Canada continually invests in business growth and expansion through various direct and indirect sources of funding. Over the past five years approximately 35% of Canadian gross domestic expenditure on R&D was financed by both direct and indirect government funding initiatives. Although the majority of financing […]