NorthBridge Consultants Blog

Toronto Region Board of Trade – July 11 Workshop for Trade Accelerator Program

“A lower Canadian dollar, limited domestic growth and a strengthening U.S. economy have established the right conditions for Canadian firms to go global.” – Toronto Region Board of Trade

On Monday July 11, 2016, the Toronto Region Board of Trade will host a workshop for its Trade Accelerator Program (TAP) members to discuss how to leverage global exports to increase corporate growth. Through its Lead & Supporting Partners, TAP GTA gives companies access to Canada’s top exporting advisors, resources and contacts. Northbridge Consultants’ Vice President of Business Services, Gerry Fung, will be joining the panel to discuss various government funding opportunities that can assist with global growth.

Resolving claimants’ SR&ED concerns: Changes to CRA Guidelines

On May 30, 2016, the Canada Revenue Agency (CRA) made the following changes to the guidelines for resolving claimants’ SR&ED concerns in order to make the administrative review process faster and more consistent:

  • Form RC532: Request for Administrative Review has been introduced to ensure that claimants provide the necessary information to the CRA to evaluate and address their requests.
  • A National SR&ED Administrative Review Intake Centre has been set up to help monitor the SR&ED Administrative Reviews by distributing requests and tracking progress as well as outcomes.
  • A Request for an Administrative Review can no longer be initiated prior to the claimant receiving the Proposal Package with the results of the SR&ED review. This will allow the claimant to fully understand the results of the SR&ED review and the CRA’s position so that they can best address the CRA with a full explanation of their issue or complaint.

When concerns arise during a technical and/or financial review of an SR&ED claim, the claimant is encouraged by the CRA to take the following steps to resolve their concerns, before the file is closed and processed:

  • Step 1 – Talk with the Reviewer: Since issues often arise due to lack of information or misunderstanding of the claim, many concerns can be resolved by  talking directly to the Research and Technology Advisor (RTA) and/or Financial Reviewer (FR) as soon as possible.
  • Step 2 – Contact the Review Manager: If claimant concerns are not resolved through discussion with the reviewer, the claimant may involve the Research and Technology Manager (RTM) and/or Financial Review Manager (FRM) who will review the case and will work with the claimant and the Reviewer to resolve any concerns.
  • Step 3 – Request an Administrative review: If concerns by the claimant have still not been fully addressed by the review manager, claimants should then complete the administrative review form and send it into the National SR&ED Administrative Review Intake Centre, which will be forwarded to the local SR&ED Assistant Director within three business days for processing.

The key to a successful review is being well prepared, including having all your documentation ready and on-hand. With years of experience working with claimants and reviewers, NorthBridge can help to ensure that any and all client and CRA concerns are successfully resolved.

Beyond Manufacturing Limits: Printing The Future

Additive manufacturing technology is exponentially growing in popularity in the consumer and small entrepreneur markets, and more recently, in the manufacturing industry, as new 3D printing approaches and 3D-printable polymers, with a wide range of physical properties, are developed to offer limitless possibilities in numerous commercial applications. 3D printers manufacture directly from a computer model, enabling the design and manufacturing of highly detailed, and precise novel shapes that surpass modern manufacturing ­limitations.

At the forefront of the additive manufacturing revolution, Objex Unlimited Inc. is a Canada-wide, full-service, 3D solutions provider and 3D product reseller based out of Toronto. They provide 3D printing, scanning, design and consultation services with their unparalleled expertise in 3D technologies, which includes 3D Inkjet Printing, 3D Printing, 3D Wax Printing, Fused Deposition Modelling (FDM) and Selective Laser Sintering (SLS) applications.

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As authorized resellers of 3D Systems, Artec, MarkForged, LMI, Afinia, and Geomagic technologies, Objex Unlimited provides affordable, professional 3D printing solutions. Combining cutting edge technology, art and engineering, Objex unlimited has the most diverse 3D printing bureau in Canada to bring ideas and designs to life by creating working parts, beautiful full-colour models, and rapid prototypes for a wide range of clientele in education, automotive, architecture, and manufacturing.

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Like other manufacturing sectors, research and experimental development in the field of additive manufacturing technology can be eligible for SR&ED tax credits provided that adequate contemporaneous documentation is generated as experimental development trials occur. As rapid prototyping becomes more widespread, it is recommended that all companies that utilize rapid prototyping look into recapturing their costs through government incentive programs, such as SR&ED tax credits.

Upcoming Seminar- Leveraging SR&ED to Reduce Patent Application Costs

Exploiting synergies between SR&ED/IRAP and patent applications can save time and resources

Many people don’t realize that significant parallels exist between what is required for a SRED/IRAP filing and for a patent filing. Join experts from Northbridge Consultants, a professional engineering firm and subject matter expert on government funding, and PCK, a leading boutique intellectual property firm, and find out how you can efficiently combine your SRED/IRAP and patent application processes.  The seminar will include a discussion about the requirements for the SRED and IRAP programs, about the fundamentals of intellectual property protection, and about how the application process for each filing can be combined into a single process, allowing you to coordinate actionable tasks within relevant time periods. [ Register now for this free seminar]

When: Thursday, June 23, 2016

Seminar location: 

Treehaus Collaborative Workspace
79 Joseph Street
Kitchener, Ontario

Time: 1pm – 3pm

Speakers:

andrewcurrier

Andrew Currier, BSEE, LL.B., P.Eng.
Co-Founder and CEO
PCK | Perry + Currier Inc. | Currier + Kao LLP
Ph: 519-883-0035 x109
Email: currier@pckip.com

Gerry_WP

Gerry Fung, CPA, CMA, P.Eng.
Group Manager, Business Services
NorthBridge Consulting Services Inc.
Ph: 519-623-2486 x242
Email: gerry@northbridgeconsultants.com

 

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Happy Earth Day from NorthBridge!

Earth Day: 5 Quick Facts

1. Each year, on April 22, Earth Day is celebrated by collecting garbage, raising awareness about recycling, volunteering for green projects, reducing the amount of energy people consume and taking collective action towards a better future for our planet.

2. The first Earth Day was celebrated on April 22, 1970 as 20 million people gathered in the streets of America to protest the industrial revolution after a devastating oil spill, and is considered to have started the modern environmental movement.

3. The Earth Day flag features a picture of the Earth taken from the Apollo 17 spacecraft on its way to the Moon.

4. April 22, 2016 marks the 46th anniversary of Earth Day and is one of the most important Earth Days in years as leaders from 160 countries officially sign the Paris Climate Agreement.

5. Each year, 6 million Canadians participate in Earth Day. April 22, 2015 marked the launch of ‘Earth Day Every Day‘, which provides an easy-to-use mobile-friendly tool that challenges and rewards people for reducing their environmental impact with the goal of achieving a 20% reduction in Canada’s carbon footprint by 2020.

The NorthBridge team rolled up their sleeves and conducted a garbage clean up in addition to dimming our lights in honour of Earth Day 2016; we collected over 15 bags of garbage!

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To find out how you can contribute please visit ‘Earth Day Every Day‘ or Earth Day Canada.

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