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 […]
Top 10 Innovations in August
August 10, 2015 – The crew aboard the International Space Station sampled, for the first time, Outredgeous lettuce that was grown in microgravity using Veggie hardware. August 22, 2011 – At the University of Leeds’ School of Chemistry, researchers developed a peptide-based liquid that can reverse early-stage tooth decay without the use of a drill. […]
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 […]
NorthBridge Success Story: Ontario Software Developer Qualifies for SR&ED Tax Credit
NorthBridge engaged a software developer located in the Region of Waterloo that was developing new software and technology in the mobile application space. The company was looking to develop new innovative software and invest in cutting edge research. The company had looked into several government incentive programs but were unaware of how these programs could […]
Northbridge in the Media
Check out our special report on changes to the SR&ED program in 2014 (published in Canadian Manufacturing) here.
Canada’s Performance in Innovation
Ottawa based think tank, The Conference Board, released a series of reports called “How Canada Performs: A Report Card on Canada,” which assesses Canada’s quality of life in comparison to other countries. Canada receives grades of “B” in the majority of the sections, and received a grade of “A” in the Education and Skills section. […]
Internship Funding Assists With Canadian Business Innovation
There exists a vast resource of bright young Canadian graduate students and researchers that companies have difficulties tapping into. Internship programs, such as Mitacs – Accelerate, provide a bridge for companies to gain access to these valuable resources to assist in the R&D needs of the company. On top of acquiring a highly educated graduate student […]
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 […]
R&D incentive programs across the globe
In light of proposed changes to the SR&ED program announced in March’s federal budget, Canada retains a position as offering one of the most attractive R&D incentive programs globally. Let’s look at a few R&D tax credit programs across the globe to see how SR&ED stacks up. Currently, Canada’s SR&ED program offers a 35-percent refundable […]
Harper Government Strengthening Canada’s Science and Technology Advantage
During a speech today at the Creative Economy Summit, the Minister of State for Science and Technology, Gary Goodyear, announced that Canada will continue to make key investments in science and technology. “Through our government’s science and technology strategy, we are keeping our economy strong, creating high-quality jobs and ensuring Canada is a premier destination […]