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 […]
Linking SR&ED to Government Grants: IRAP
The Provincial and Federal government work together to deliver funding programs to encourage companies to invest in innovation. The Scientific Research and Experimental Development (SR&ED) program funds R&D work conducted in Canada in the form of a tax credit. On the other hand, the Industrial Research Assistance Program (IRAP) provides grant funding for new technology-driven […]
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 2014 Autumn Newsletter
NorthBridge’s fall 2014 newsletter has been released. Topics covered include: Canada Jobs Grant Changes to Export Market Access trade show funding SR&ED Opportunities in the Food Industry Southwestern Ontario Development Fund (SWODF) Investing in Business Growth and Prosperity Fund (IBGP) Feature on Kidzpace Interactive Spooky SR&ED Projects Welcome to Jaap Siekman!
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 […]
Northbridge in the Media
Check out our special report on changes to the SR&ED program in 2014 (published in Canadian Manufacturing) here.
The Importance of The Hypothesis in SR&ED Documentation
If you’ve submitted a SR&ED claim before, you’re likely quite familiar with the following questions: “Was there technological uncertainty?” “Did the process result in a scientific or technological advancement?” These criteria have been part and parcel of the SR&ED documentation process since its inception. However, more recently, additions have been made to SR&ED guidelines that […]
NorthBridge Success Story: Ontario Manufacturer Qualifies for EMA Trade Show Funding
NorthBridge engaged a manufacturer located in the Region of Waterloo that was looking to exhibit at two international trade shows. The company was looking to increase their export sales in the United States and to identify sales leads in two new target markets. The company had applied for the SR&ED program but was unaware of […]
Federal Government Highlights Continued Support for SMEs via AJCTC, HCSB, and SR&ED
The Honourable Kerry-Lynne D. Findlay, Minister of National Revenue, and Peter Braid, Member of Parliament for Kitchener, recently participated in a round-table discussion with high-tech business owners at the Communitech Hub to outline their continued support for SMEs. The Apprenticeship Job Creation Tax Credit (AJCTC) provides businesses with a maximum credit of $2,000 per year for the first […]
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 […]