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 […]
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: 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 […]
AgriInnovation Program – Commercialization and Adoption Stream
The AgriInnovation Program (AIP) is a five-year program administered by Agriculture and Agri-Food Canada. The purpose of this program is to develop research and development projects to increase economic growth in Canada’s agri-food sector. The AIP is divided into two streams: Industry-Led Research and Development and Enabling Commercialization and Adoption. The Enabling Commercialization and Adoption […]
AgriInnovation: Research and Development Stream
The AgriInnovation Program (AIP) was introduced by Agriculture and Agri-Food Canada in 2013 as part of the five-year Growing Forward 2 Initiative. The program received $468 million to support companies in the agriculture industry that are participating in research and development activities. The AIP is divided into two application streams: industry-led Research and Development, and […]
SR&ED Audit Review Tips
Claimants for Scientific Research and Experimental Development (SR&ED) tax credits must always keep in mind that their claim may be subject to an audit or review by the Canada Revenue Agency (CRA). Having everything prepared for a SR&ED audit or review, before it happens, is key to ensure your audit goes successfully and to secure […]
Northbridge in the Media
Check out our special report on changes to the SR&ED program in 2014 (published in Canadian Manufacturing) here.
R&D Spending On Upward Trend
StatCan recently released a report indicating the direction research and development (R&D) spending by businesses in the industrial sector has been going over the past several years. With anticipated spending of $15.5 billion in industrial R&D in 2012 (an increase of 0.9% from 2011), there is a positive outlook for R&D spending for the new […]
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 […]
Summer SR&ED activities
In a recent article, Ross Cooper of Excellence in Manufacturing Consortium (EMC) discussed how the slow days of summer are ripe for SR&ED activities as companies are slowing or shutting down production and attending to pesky ongoing production, machinery and process issues as well as integrating improvements to increase efficiency for the rest of the […]