New CanExport Program to Support Export Market Development
CanExport is a new government funding program announced on January 5, 2016 that will provide $50 million over the next five years in direct funding to Canadian small and medium-sized enterprises (SMEs) to support new export market development. Through the CanExport program, companies can receive financial support of 50% up to $99,999 for export marketing […]
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: 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 […]
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 […]
Details From CME Smart Information Session
On April 1st, 2015, Canadian Manufacturers & Exporters (CME) held an information session outlining the details regarding the CME Smart program. The objective of this program is to support innovative projects that will integrate advanced technologies with products and processes to develop export opportunities. FedDev Ontario has injected about $18 million into this program, and […]
Alternative Financing Seminar: A Great Success
Our Alternative Financing Seminar took place September 18 in Cambridge, ON at the Four Points by Sheraton. The seminar was a great success with many in attendance eager to learn more about alternative financing for their small to medium sized business. Topics that were covered in the seminar included: Government funding and financing for business […]
Rise in Canadian Manufacturing Sales for May 2013
StatsCan released their monthly survey results for May which examined sales within the Canadian manufacturing industry. Overall, manufacturing sales increased by 0.7% to $48.6 billion in May 2013. The below chart illustrates the monthly change in Canadian manufacturing sales since 2008. Out of 21 industries within the manufacturing sector, 57% of industries noticed an increase […]
CICP Relaunched as Build in Canada Innovation Program (BCIP) to Bridge Technology Gap Through Government Acquisitions
The Honourable Rona Ambrose announced that the Canadian Innovation Commercialization Program (CICP) has received permanent commitment under the new name Build in Canada Innovation Program (BCIP), which aims to bridge the technology gap between the R&D stage of projects and the pre-commercialization phase through government acquisitions. The announcement was made at the WesDef, western Canada’s […]
Canadian Manufacturing Outlook 2012: Optimism
A recent study indicates a sense of optimism within Canada’s manufacturing sector. The survey, “Canadian Manufacturing Outlook 2012: Push and Pull – Reducing Costs and Investing in Innovation,” is based on input from senior Canadian manufacturing executives and indicates a positive outlook across the industry. According to StatsCan, manufacturing accounts for over 7 percent of […]