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 […]
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 […]
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 […]
Success of EMC’s Food, Beverage, and Bio Sector Event in Mississauga
NorthBridge Consultants presented at Excellence in Manufacturing Consortium’s Food, Beverage, and Bio Sector event at Mississauga Civic Centre on Tuesday, June the 16th. The event was well attended by Agri-Food manufacturers and all the attendees left with new knowledge to bring back to their companies. Jen Mahon, our VP of Operations, and Gerry Fung, our […]
NorthBridge Success Story: Ontario Manufacturer Leverages SR&ED Tax Credit to Invest in Product Development
NorthBridge engaged a manufacturer in Brant County that was looking to develop new products and processes for their manufacturing facility. In order to enter new markets and become more competitive, the company was looking to invest in research and development. They had looked into government funding programs but were unaware that they qualified and could […]
Ontario Food Processor Qualifies for Employee Training on ERP System
NorthBridge engaged an Ontario food processor that was looking to invest in new ERP software for their manufacturing facility. The project included the purchase of the new software, the purchase of related technology and equipment, and employee training on the new software system. The purpose of the new ERP implementation was to increase efficiency, develop […]
NorthBridge Success Story: National Food Processor Secures SR&ED Tax Credits
With consumer food wants and demands shifting constantly in our evolving health-conscious society, providing new and innovative products is crucial to companies competing in the agri-food market. One of NorthBridge’s clients, a national food processing company, had been investigating and developing new products that did not exist in the public marketplace. The company was looking […]
BCIDMTC and SR&ED Tax Credits
The Scientific Research and Experimental Development (SR&ED) tax credit offers assistance to digital media companies who are engaging in experimental development and, through this work, overcoming technological obstacles. By contrast, the Interactive Digital Media Tax Credit (IDMTC) provides funding for the production and development of interactive digital media which will be released on the public […]
Winter 2015 Newsletter- Government Funding Year in Review
Northbridge Consultant’s Winter 2015 newsletter is out! Topics covered include: The 2014 Government Funding Year in Review CME SMART Advanced Technologies for Global Growth SR&ED Opportunities in the Plastics Industry Relish Interactive: We’re the New Ketchup Early Stage Exporters Funding Get to Know the NorthBridge Team: VP Operations Jen Mahon Yves Landry Open Once More! […]