Archive for the ‘Industry-Related News’ Category

The Fate of Canadian Manufacturing

The Canadian Manufacturing Coalition (CMC) recently sent a letter to Canada’s Federal Minister of Finance, the Honourable William Morneau, on behalf of thousands of members of undersigned manufacturing associations. The letter emphasized the importance of manufacturing to the Canadian economy and urges the government to make several tax reforms for the upcoming 2018 Federal Budget in order to boost investment and growth including:

  1. Reducing federal and provincial general corporate taxes to a combined 20%.
  2. Expanding and improving the Accelerated Capital Cost Allowance (ACCA) depreciation rules to mirror the new US rules.
  3. Introducing an Investment Tax Credit on purchases of new equipment and software of between 10-15% to help companies, especially SMEs, improve cash flow and offset the impact of the low Canadian dollar on the cost of buying foreign machinery and equipment.
  4. Introducing a “patent box” innovation support that would reduce taxes on profits from new products and product mandates.
  5. Lowering the top marginal personal income tax rate from 33% to 31%.
  6. Reforming the Scientific Research and Experimental Development (SR&ED) program to lower the administrative burden and support a broader range of corporate innovation needs, especially product commercialization.

CMC believes that currently the SR&ED program is “focused on a limited range of primary research and discovery” through an “overly aggressive audit function” rather than provide support particularly with commercialization and scale-up innovation needs.

According to CMC, “Canadian manufacturing is at a critical juncture. While output and exports are near an all-time high, capital investment and foreign direct investment have fallen, resulting in weakening productivity and global competitiveness, and fewer new innovations.”

Although CMC applauds various government initiatives (such as funding of Super Clusters, the creation of the Strategic Innovation Fund, the establishment of Innovation Canada, the expansion of training programs, and a long term national infrastructure plan), the letter stresses that “the ongoing challenges facing our economy require that more must be done to support investment and growth in our sector and across the business community more generally.”

Contact us today to find out how recent policy changes can impact your company and to learn about emerging opportunities that may help to grow your business.

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New $3B Canadian Agriculture Partnership Announced- Applications Now Open


On February 13th, 2018, federal Agriculture Minister Lawrence MacAulay announced six federal programs under the new Canadian Agricultural Partnership (CAP), which is set to launch on April 1, 2018.

CAP is a five-year, $3 billion, federal-provincial-territorial agreement that will replace Growing Forward 2 (GF2).

GF2 currently includes AgriInnovation, AgriCompetitiveness and AgriMarketing. The new CAP will continue supporting these programs with AgriInnovation renamed to AgriInnovate, and include three additional programs; AgriDiversity, AgriAssurance and AgriScience.

According to MacAulay, “These initiatives will focus on priorities such as growing trade and expanding markets, innovation and sustainable growth of the sector, and supporting diversity and a dynamic, evolving sector”

CAP will focus on three key areas:

  • Growing trade and expanding markets – $297 million.
    • Includes AgriMarketing ($121M) and AgriCompetitiveness ($20.5M).
  • Innovative and sustainable growth in the sector – $690 million.
    • Includes AgriScience ($338M) and AgriInnovate ($128M).
  • Supporting diversity and a dynamic, evolving sector – $166.5 million.
    • Includes AgriDiversity ($5M) and AgriAssurance ($74M).

Application forms and guides for federal programs under the Canadian Agricultural Partnership are now available. Applicants are encouraged to apply early!

NorthBridge Consultants has been assisting companies access government funding for over 25 years. As one of the largest independent government funding consulting firms in Canada, our objective is to maximize the government funding potential for your company. Contact us today to find out how much funding your company could receive.

NorthBridge Celebrates 25th Anniversary

On October 23rd 2017, NorthBridge Consultants will be celebrating 25 years of service to small- and medium-sized businesses located throughout Canada.

From our humble beginnings, NorthBridge has grown to a national consultation firm that has successfully filed approximately a quarter billion dollars in tax credits and grants for our clients.

Our ability to change and adapt has contributed towards the longevity of NorthBridge. The foresight to innovate ahead of the competition, and the ability to invest in our own employees to achieve business growth is what has allowed NorthBridge to succeed. The past, present and future of this company has always been about people, specifically relationships with employees, our clients, and our relationship partners.  Through leveraging our relationships, our investment in business innovation has allowed us to assist our clients with other business needs including but not limited to government funding, intellectual property, export assistance, technical and business writing, financing solutions, and process optimization.

At the time of its incorporation, NorthBridge foresaw the global direction of manufacturing and its dependence on research and development. Today, we continue look forward to the rapid adoption of technology in manufacturing and the future of manufacturing in Canada, especially in regards to automation and advanced manufacturing.

Whether you are an employee, a service provider, a relationship partner, or a client of ours, we would like to express our appreciation and recognition of your contributions towards our success!

Northbridge 25 E

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EMC Strategic Interest Group Networking Events in Southern Ontario

Please join us for the upcoming Excellence in Manufacturing Consortium (EMC) Strategic Interest Group (SIG) networking events in Southern Ontario on March 21st and 22nd, 2017 , which will address Financial Challenges related to Navigating SR&ED and Managing Currency Exposure. 

Attending these SIG event is a great opportunity to interact, share and discuss your best practices with your peers from other companies and learn more about:

Managing Currency Exposure
Dan Wright from Western Union Business Solutions will join us to discuss:
– Risks of foreign exchange exposure to your business.
– Solutions for foreign exchange, global payment and currency risk management challenges.

SR&ED 2017 Update and Best Practices
Jeff Mitobe, Engineering Manager from NorthBridge Consultants and Ross Cooper from EMC will be on hand to discuss and take questions around this topic:
– Understanding SR&ED and any pertinent recent changes.
– Applicable projects and how best practices around the application process.
– Round table Question and Answer portion where you may ask the experts specific questions relevant to your potential investments.

Agenda Items:

  • Welcome, Introductions & EMC Update
  • Discussion as per SIG below
  • Roundtable Networking, Plant Tour & Host Feedback (Please bring Safety Shoes)

Event Details:

Date: March 21st, 2017
Time: 1:00pm – 3:00pm (arrive 15min before)
Continental Conveyor is our host. Event will be held at the Strathcona Paper Center -16 McPherson Drive, Napanee (MAP LINK) Tour to follow at Continental Conveyor!

Date: March 22nd, 2017
Time: 1:30pm – 3:30pm (arrive 15min before)
M Con Products Inc. – 2150 Richardson Side Road, Carp, ON (MAP LINK)

Date: March 22nd, 2017
Time: 9:00am – 11:00am (arrive 15min before)
Eaton Electrical – 9 Industrial Road, Perth, ON (MAP LINK)

** To register please contact Jeff Mitobe **

Strategic Interest Group Events in Northern Ontario

Please join us for the upcoming Excellence in Manufacturing Consortium (EMC) Strategic Interest Group (SIG) networking events in Sudbury (March 1st, 2017) and North Bay (March 2nd, 2017).

Attending these SIG event is a great opportunity to interact, share and discuss your best practices with your peers from other companies and learn more about:

  • Currency exchange uncertainties that are impacting manufacturers doing business with supply chain and/or customers in international markets. Managing this is an integral part of 2017’s day-to-day business!
  • Best practices to successfully navigate the SR&ED program, tips to maximize claim size, pitfalls to watch out for including Audit review tips for CRA Financial and/or Technical reviews.

Event Details:

Date: March 1st, 2017
Location: NORCAT center, upstairs Boardroom. 1545 Maley Dr. Sudbury, ON P3A
4R7. (MAP)

Date: March 2nd, 2017
Location: Metso Minerals Canada Inc. 28 Commerce Crescent, North Bay, Ontario,
P1B 8K4. (MAP)

** To register please contact Jeff Mitobe **

Agenda Items:

  • Arrive/coffee (7.45-8am)
  • SIG (8-10am)
    • Welcome, Introductions & EMC Update
    • Presentation and discussion as per SIG below
  • Round table Networking

SIG Presentation and Discussion:

  • Foreign Exchange Best Practices
    Dan Wright from Western Union will join us to discuss:
    – successful solutions for foreign exchange, global payment, and currency risk management challenges
    – identifying foreign exchange exposure and risks to your business
  • SR&ED 2015 Update and Best Practices
    Jeff Mitobe from NorthBridge will join us to discuss:
    – update on SR&ED program changes impacting manufacturers claims
    – SR&ED claim best practices for industry, pitfalls to watch out for, and audit review tips
  • Round table
    An opportunity to ask your peers questions on any topic.
    As always, you’ll have ample opportunity to interact and discuss with your peers from other companies.
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