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 […]
Upcoming Funding Seminar for the Agri-Food Sector
On Tuesday, June 16, 2015, from 1:00 p.m. to 2:30 p.m., NorthBridge Consultants and Excellence in Manufacturing Consortium (EMC) is hosting a free seminar in Mississauga, Ontario, to help companies in the agri-food sector better understand government funding programs and Scientific Research and Experimental Development (SR&ED) tax credits, and especially how multiple government funding programs […]
Digifest 2015- Canada’s Digital Festival
Digifest, Canada’s premier digital festival, will take place from May 7th to May 9th 2015 at the Corus Quay building in Toronto, Ontario. This event showcases digital media, art, and technology content, with everyone from architects to app developers to entrepreneurs coming together to share their works and experiences within the digital media industry. Digifest […]
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 […]
Linking SR&ED to OIDMTC Tax Credits
The Scientific Research and Experimental Development (SR&ED) tax credit provides support for digital media companies that are investing in innovative technologies and experimental development projects. Eligible companies can receive support for labour, materials, overhead, and subcontract costs related to scientific research or experimentation development. The SR&ED tax credit works seamlessly with other programs including the […]
CRA Service Standards for SR&ED Claims
The Scientific Research and Experimental Development (SR&ED) tax credit was developed to encourage companies to undertake research and development in Canada. But once you have submitted a claim for the tax credit, how long does it take to see the benefits of the program? The CRA has outlined their service standards for processing SR&ED claim […]
OECD Economic Survey: Research and Development Outlook in Canada
The Organisation for Economic Co-operation and Development (OECD) released the June 2012 results of the OECD Economic Surveys for Canada’s macro-economic state of affairs. The report indicates that the economy is picking up, with a positive outlook for continued moderate output growth and inflation. The OECD also cites innovation as a priority on the government’s […]
SR&ED for Foreign-Owned Companies
There is no denying that Canada has one of the best programs as far as funding for companies that perform R&D goes. And while it is promoted frequently for Canadian Controlled Private Corporations, there are many other companies that can take advantage of this program. Take, for instance, an American-owned company that has a branch […]
Upcoming Changes to the SR&ED Program
A press release has been issued about some upcoming changes to the SR&ED program. A few points mentioned by Minister Blackburn today, while addressing the 13th Annual Tax Practitioner Information Session, relate to upcoming changes to the SR&ED program: starting on April 1st, 2010, reviewers will be spending more time explaining the program (requirements, application […]