Funding Webinar: Optimizing Returns from Multiple Government Funding Sources
We invite you to join us for our upcoming information session! Domestic and international competition is forcing Canadian businesses to develop new or improved products, increase productivity and expand sales in global markets. Financing for innovation or growth has always been a challenge for many companies in Canada. Both the federal and provincial governments provide […]
How the New Federal Cabinet Might Impact R&D Funding in Canada
On November 4th, Prime Minister Justin Trudeau’s first, thirty-person cabinet was sworn into office. This group includes two ministers who will hold research and development-related portfolios in the new government. Kirsty Duncan, a medical geographer and former professor at the University of Windsor and the University of Toronto, was named Minister of Science, replacing outgoing […]
Linking Government Grants to SR&ED: Digital Media Sector
Over the last twenty years, indirect funding has become the most common source of funding for eligible research and development (R&D) work. The Scientific Research and Experimental Development (SR&ED) tax incentive program has been used as one of the main indirect funding sources by countless companies performing R&D. Although SR&ED continues to help companies remain […]
Learn From The Experts: Government Funding Seminar in Abbotsford, BC
Don’t miss an opportunity to learn from the experts about how different government funding programs can help you realize and accelerate your corporate goals. Register today to attend a free breakfast seminar on government funding and learn about funding opportunities to support growth, investment in innovation, and workforce development. Time: Wednesday, September 30, 2015 7:30 am […]
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: Capital Equipment
The Canadian government allocates a portion of the Gross Domestic Product (GDP) to direct and indirect funding for businesses. Direct funding is made available in the form of repayable and non-repayable grants, while indirect funding is available in the form of tax credits. The most widely known indirect funding program is the Scientific Research and […]
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 […]
Ontario Food Processor Qualifies for Facility Expansion Funding
NorthBridge engaged an Ontario food processor that was looking to invest in a multi-million dollar facility expansion. The project included the construction of new warehouse space, the purchase of new equipment, and the hiring of new employees. The purpose of the expansion project was to increase capacity in order to meet the growing demand of […]
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 […]