Archive for the ‘Financial Matters’ Category

USMCA Trade Deal Reached After Year of Intense Negotiations

Details about the newly renegotiated United States-Mexico-Canada Agreement (USMCA) have been released.  This proposal, if ratified, will address disputes in the Canadian automotive and agricultural sectors, the cost of generic drugs in Canada, and online eCommerce.  It does not currently address national security tariffs, but preserves the dispute resolution process from the North American Free Trade Agreement (NAFTA).

News of the USMCA deal sent the Canadian dollar soaring on Monday.  The announcement of the USMCA deal may remove the uncertainty that was  preventing the Bank of Canada from hiking interest rates.  It is anticipated that the Bank of Canada will increase interest rates during the next policy announcement on October the 24th.  Details of the USMCA proposal will be summarized below.

Automotive sector- Trump has agreed that no hard limit will be placed on Canadian automotive exports to the United States.

Agricultural sector- American farmers will gain greater access (3.6 percent) of Canada’s current dairy market, and Canada will dismantle the “Class 7″ dairy ingredient (lower) pricing strategy for protein concentrates, skim milk, and whole milk powder, that  discourages foreign competition in the Canadian market.  The Americans will gain more than twice the market access to the Canadian chicken industry than what was previously negotiated in the Trans-Pacific Partnership, as well as increased access into the Canadian egg and poultry markets.  However, no major concessions will be made on the import and export of beef, pork, and grain.

eCommerce- The threshold of American goods Canadians can purchase online or via mail order without paying duties increases from $20 to $150.  American online and mail-order businesses expect to gain increased market share in Canada.

Prescription drugs- Canada has agreed to extend patent protection for biological pharmaceutical drugs from 8 to 10 years, which means that it will take longer for generic versions of new biological drugs to become available to the Canadian public.  Canada’s diminished control over the price of biologics may potentially pose a fresh challenge for the creation of a national pharmacare plan.

National security tariffs- During the summer, Trump announced that Canada would be subject to tariffs on steel and aluminum.  No agreement has been reached on the removal of these tariffs yet.

Dispute resolution- Trudeau was unequivocal about its inclusion of Chapter 19  in any new pact, which was ultimately agreed upon by the Americans despite protest from US negotiator Robert Lighthizer.  Chapter 19 from the NAFTA agreement spells out the process for companies to request arbitration if they feel that their products have been unfairly impacted by anti-dumping or countervailing duties.  

Vancouver Lunch & Learn at Fort Tectoria – Government Funding for R&D, Innovation and Growth

Lunch & Learn about maximizing government funding through the various stages of corporate development

Date: Thursday, September 27, 2018
Doors: 11:45 am
Presentation and Q&A: 12 –1:30 pm
Location: Fort Tectoria – 777 Fort St
Register

There are many Government Funding programs available to assist Canadian businesses with expenses related to R&D, new product development, manufacturing process improvements, tapping into international markets and workforce development.

Join this lunch & learn to learn about some of these programs, how they fit in the difference stages of your corporate development, and also about the limitations of government funding and the need for alternate sources of working capital.

Some of the funding programs covered include:

  • SR&ED (Scientific Research & Experimental Development)
  • IRAP (Industrial Research Assistance Program)
  • Innovative Solutions Canada
  • Innovation for Defence Excellence and Security (IDEaS)
  • BCIP (Build in Canada Innovation Program)
  • SDTC (Sustainable Development Technology Canada)
  • Canada Agriculture Partnership / Agri-Innovation
  • Engage, CRD, Mitacs (grants for working with universities)
  • CanExport
  • Eureka, GGI, CIIP (International research collaboration)
  • Hiring & Training Grants

 

A light lunch will be provided.

Please register by email to jaap@northbridgeconsultants.com.

 

About the presenter: Jaap Siekman MSc, PEng, PMP

Jaap is an independent business advisor and representative for NorthBridge Consultants. He educates start-ups and growing companies on Government Funding programs that support R&D and Innovation in Canada.

NorthBridge is a national consultancy firm, with offices in BC, ON and QC.

Jaap has ~28 years’ experience in Engineering, Manufacturing, Product Development and Management in a variety of industries.

Contact:
Ph: 604.562.5209
E: jaap@northbridgeconsultants.com

 

5 Essential Tips for Maximizing Government Funding

By leveraging the right sources of government funding at the right stage of growth, you can significantly maximize your returns from government funding programs, while minimizing your investment in time.

Read our latest article in Small Business BC to find our how you can leverage government funding for your company or contact us today to arrange for a free, no obligation consultation to determine your eligibility for government funding programs.

NorthBridge is involved with a broad array of emerging industries throughout Canada. The Principals of NorthBridge are angel investors themselves with extensive experience in raising both debt and equity. This, coupled with NorthBridge’s expertise in various government funding programs, provides an unparalleled combination to assist Canadian technology companies with their growth trajectories.

 

The Startup Revolution

At an age when the technology sector is growing twice as fast as the global economy, startup ecosystems provide a vital means for individuals and regions to not only take advantage of technological change, but to also steer it in a direction that will improve humanity.

Read more about Startup Financing in Canada including Canada’s Startup EcosystemFund RaisingWriting A Convincing Business Plan and Canada’s Brain Gain.  

 

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NorthBridge is involved with a broad array of emerging industries throughout Canada. The Principals of NorthBridge are angel investors themselves with extensive experience in raising both debt and equity. This, coupled with NorthBridge’s expertise in various government funding programs, provides an unparalleled combination for assisting Canadian technology companies to raise funding for growth.

Contact us today to arrange for a free, no obligation consultation to determine your eligibility of receiving government funding.

Vancouver Lunch & Learn at SFU Venture Labs- Government Funding for R&D, Innovation and Growth

When it comes to Government funding for start-ups, most entrepreneurs know about SR&ED and IRAP.

However, there are many other Government programs available to assist Canadian businesses with expenses related to R&D, new product development, manufacturing process improvements, tapping into international markets and workforce development.

Join this free info session to learn about some of these programs and how they fit into the difference phases of your corporate development.

Some of the funding programs covered include:

  • SIF (Strategic Innovation Fund)
  • SDTC (Sustainable Development Technology Canada)
  • ICE Fund
  • Growing Forward / Agri-Innovation
  • BCIP (Build in Canada Innovation Program)
  • Engage, CRD, Mitacs (grants for working with universities)
  • CanExport, Going Global Innovation, Soft Landing
  • Accelerated Growth Service (AGS)
  • Hiring & Training Grants

Date and Time:
Wed, 11 April 2018
12:00 PM – 1:00 PM PDT

Location:
SFU VentureLabs
#1200 – 555 West Hastings
Vancouver, BC V6B 4N6
(MAP)

 REGISTER TODAY 

About the presenter:
Jaap Siekman MSc, PEng, PMP 
Jaap is the Regional Manager for NorthBridge Consultants. He educates start-ups and growing companies on Government funding programs that support R&D and Innovation in Canada. Jaap has ~ 28 years’ experience in Engineering, Manufacturing, Product Development and Management in a variety of industries.

NorthBridge is a national consultancy firm, with offices in BC, ON and QC.

 

 

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