Archive for the ‘Financial Matters’ Category

The Artificial Intelligence Revolution: New Challenges & Opportunities

Due to its ability to substantially improve productivity and boost economic output, Artificial Intelligence (AI) is considered to be the next big technological revolution with the potential to increase economic growth rates by a weighted average of 1.7% and profitability rates by 38% across a variety of industries by 2035.

Read our latest Newsletter to explore the Canadian and global financial AI landscape and to learn more about how AI can maximize labor and capital capacity in almost every industry.

Based on a comparison of baseline growth in 2035 with an AI steady state scenario where AI has been absorbed into the economy

 

New Grant for Hiring STEM and Business Students

If you plan to hire a student or recent graduate for a work term, the new Student Work-Integrated Learning (WIL) Program can can help support up to 50-70% of wages, for a maximum $5-7K depending on the candidate you hire.

The WIL program aims to support partnerships between employers  and post-secondary education (PSE) institutions to create more work-integrated learning placements in in science, technology, engineering, mathematics (STEM) and business occupations for Canadian students.

Under the Student Work-Integrated Learning Program, Canadian employers in eligible sectors that offer quality work-integrated learning placements to PSE students and recent graduates (within 12 months before starting the WIL contract period) will be eligible to receive wage subsidies:

  • Up to 50% of wages or up to $5,000, to provide a student or recent graduate with meaningful WIL opportunities that develop foundational and entrepreneurial/business skills;
  • Up to 70% of wages or up to $7,000, to provide a student or recent graduate with meaningful WIL opportunities that develop foundational and entrepreneurship/business skills for the following under-represented groups: a) women in science, technology, engineering and mathematics (STEM); b) Indigenous students; c) recent immigrants (arrived in Canada during the last 5 years); d) persons with disabilities; and e) first-year students.

Eligible emerging sectors include:

  • Advanced manufacturing;
  • Intelligent retail;
  • Fintech; or
  • Any identified high growth sector such as entertainment and gaming, connected transportation, biotehcnology, cyber security,  e-Health, clean tech, etc.

Interested small- and medium-sized enterprises, are encouraged to contact the program directly or fill out the application form to receive more information or to participate in the program, or partner with local eligible PSE institutions to provide work-integrated learning placements for students or recent graduates.

Elevate Toronto Tech Festival

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NorthBridge Consultants is excited to be attending the 3-day Elevate Toronto tech festival which will showcase the best in Canadian innovation.

Elevate Toronto is the city’s newest technology innovation festival and, this year, will focus on disruptive technologies that are expected to change the way we live and work.

With over 100 impressive keynote speakers and numerous opportunities for curated high-value networking, the festival will feature leaders in Artificial Intelligence, fintech & blockchain, and much more.

The festival is expected to draw over 5000 attendees including founders looking to scale up, investors searching for the next great start up, talent searching for the next big opportunity, and corporate innovators looking for professional development and networking.

Elevate Toronto is a non-profit organization, in partnership with the City of Toronto, and is led by TechToronto, MaRS, #movethedial, OneEleven, Cossette Communications and the Spotlight Awards.

The rapid speed of innovation and the development of disruptive technologies over the past few decades has radically transformed the way businesses, individuals, and machines operate and interact. Thus, disruptive technologies have deeply permeated global markets and industry applications. CEO and co-founder of Elevate Toronto, Razor Suleman, believes that “It’s our time” as “startups and corporate leaders are aligning with the government’s innovation agenda creating the perfect circumstances for accelerated growth.”

Festival Schedule:

September 12: Elevate Main Stage & Elevate Celebrate
September 13: Elevate Educate & King West Social
September 14: NewCo Toronto & Spotlight Awards; Timmy Awards

Get your Tickets today!

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Free Seminar: Learn How to Manage IP & SR&ED to Boost Corporate Value

When it comes to intellectual property (IP) and Scientific Research and Experimental Development (SR&ED) tax credits, CFOs must constantly assess the value of the services that they receive in exchange for engagement fees. Making this assessment can be challenging to the point of frustrating. CFOs must keep the bigger picture of overall financial health of their organization, while dealing with a complex management regime consisting of CTOs and CMOs. Further challenges arise due to complex and opaque billing practices by law firms and SR&ED consultation firms.

Agenda for SR&ED:

  • Basic overview
  • Tracking experimentation for CRA compliance
  • Labour tracking for CRA compliance
  • Integrating SR&ED intro tracking systems
  • Setting up a strategy

Agenda for Intellectual Property:

  • Basic overview of IP regimes
  • Identifying points of differences in your business
  • Selecting an appropriate IP regime that provides a barrier to entry for those points of difference
  • Setting an IP strategy for your company
  • Setting an IP management committee
  • Business case criteria for IP filings
  • Setting fee schedules and billing practices to maximize transparency and accountability

Event details:

Speakers:
Gerry Fung, CPA CMA, P.Eng.
VP of Business Services at NorthBridge Consultants

Andrew Currier, BSEE, LL.B., P.Eng.
CEO of Perry + Currier Inc.

Date & Time:
Friday, 22 September 2017 from
8:00 AM to 10:00 AM (EDT)

* Eligible for substantive hours

Location:
PCK Perry + Currier Inc.
500-1300 Yonge Street
Toronto, Ontario M4T 1X3
Canada (MAP LINK)

Register Online 

For more information please contact:

 NorthBridge Consultants
1-519-623-2486 x230
ela@northbridgeconsultants.com

or

PCK IP
1-416-920-8170 x136
low@pckip.com

Workshop- Grow Your Business with Government Funding

Are you a manufacturing, technology, or food processing company with operations in Canada?

Sourcing funding from SR&ED tax credits, government loans, and direct government incentive programs can help accelerate your company’s expansion.

Attend this workshop to learn from government funding experts about your eligibility for various funding programs and to learn how to secure funding from these opportunities.

Ideal for owners and executives who want to learn about:

  • Types of government funding opportunities;
  • Eligibility for financing, funding, and tax credits
  • How to apply for government funding
  • Optimizing your returns from multiple government funding programs

Event Details:

Speaker:
Gerry Fung, CPA CMA, P.Eng.
VP of Business Services at NorthBridge Consultants

Date & Time:
Thursday, September 21, 2017
2.00pm – 5.00pm

Location (pending venue confirmation):
Sheridan College – Hazel McCallion Campus.
4180 Duke of York Blvd, Mississauga, ON, L5B 0G5 (MAP LINK)

Tickets:
$99 (non refundable)

To register, please visit www.grantx.ca or call 416-524-7743/416-827-5189
Email info@grantx.ca or outreachforcecanada@gmail.com

 

Presented by Grantx Inc., NorthBridge Consultants, and Outreach for Canada.

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    We offer opinions and insider information that can provide a pulse on government initiatives, the health of the Canadian economy, and firsthand thoughts from Canadian business owners.

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