CMC Urges Federal Government to Reconsider Changes to SR&ED Program
In a letter to Finance Minister Jim Flaherty, the Canadian Manufacturing Coalition (CMC) addressed concerns about recent changes to the SR&ED program. 1. Reducing the SR&ED Investment Tax Credit (ITC) rate from 20% to 15% will directly and negatively affect Canada’s top R&D performers. 2. Eliminating capital expenditures from eligible expenses will significantly and negatively […]
Seminar (Milton, ON)- How to Prepare for a SR&ED Review
In collaboration with Excellence in Manufacturing Consortium (EMC), NorthBridge Consultants will be holding a SR&ED seminar in Milton, Ontario on April the 26th, 2012. Date: April 26, 2012 Time: Registration & Breakfast (7:30am – 8:00am); Presentation and Discussion (8:00am – 10:00am) Location: 605 Santa Maria Blvd, Milton ON L9T 6J5 Title of Seminar: How to Prepare […]
Seminar (Hawkesbury, ON)- How to Prepare for a SR&ED Review
In collaboration with Excellence in Manufacturing Consortium (EMC), NorthBridge Consultants will be holding a SR&ED seminar in Hawkesbury, Ontario on April the 20th, 2012. Date: April 20, 2012 Time: Registration & Breakfast (8:30am – 9:00am); Presentation and Discussion (9:00am – 11:00am) Location: 519 Main Street East, Hawkesbury, ON Title of Seminar: How to Prepare for a […]
Changes to the SR&ED Program
The Scientific Research and Experimental Development (SR&ED) tax incentive program provided $3.6 billion in tax assistance for research and development in 2011. In the past year, the SR&ED program was reviewed by an Expert Panel which presented a series of recommendations to the federal government. As a response to the recommendations of the Expert Panel, the […]
Is Entrepreneurship Waning in Canada?
The Globe and Mail recently addressed the fact that in recent years, the relative impact of self-employment across Canada has been waning. Self-employment has always been an important feature of the Canadian economy; the OECD lists Canada as one of the highest concentrations of entrepreneurs within a working population. However in recent years, the ratio of […]
SR&ED Program Encourages Li-ion Motors Corporation to Collaborate with Canadian Company
Li-ion Motors Corporation has announced that they will make plans for additional collaboration with Canadian firm Lithium Electric Vehicle Corporation (LEVC) to take advantage of Canada’s Scientific Research and Experimental Development (SR&ED) program. Li-ion’s fully electric vehicles (the Inizio and the Wave), along with their battery-management and electric propulsion technologies, are technological advancements over the traditional fuel-powered vehicles. The […]
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 […]
Ontario Insists on Local Content for Renewable Energy
In an interview with Reuters, Energy Minister Chris Bently refused to alter controversial rules that require local content for all projects. The FIT review will be complete by the end of March, and it is expected that cuts will be made in the generous government subsidies that have previously jumpstarted renewable energy businesses in Ontario. […]
Venture Capital Fundraising Concerns in Canada
According to 2011 year-end figures from the Canadian Venture Capital and Private Equity Association, a four-year high of $1.5 billion from VC was disbursed to Canadian startups last year. Although this was the highest level since 2008, this was far short of the $2.1 billion invested in 2007. New funds for VC hit $1 billion […]
Taxpayer’s Ombudsman: Issues of service and fairness within the SR&ED program
The Office of the Taxpayer’s Ombudsman released word on their investigation into the Canadian SR&ED program this week. The OTO committed to looking into the program’s service and administrative fairness after hearing of “dissatisfaction” with the SR&ED program from claimants and representatives. The OTO set out with a firm objective: “Through research and analysis, we […]