Posts Tagged ‘sred’

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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Victoria, BC Lunch & Learn- Government Funding for R&D, Innovation and International Growth

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)
  • SIF (Strategic Innovation Fund)
  • SDTC (Sustainable Development Technology Canada)
  • Growing Forward / Agri-Innovation
  • BCIP (Build in Canada Innovation Program)
  • Engage, CRD, Mitacs (grants for working with universities)
  • CanExport
  • Hiring & Training Grants

About the presenter:

Jaap Siekman MSc, PEng, PMP
LinkedIn Profile
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, Ontario and Quebec.

 

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Abbotsford Lunch & Learn- Government Funding for R&D, Innovation and Growth

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 and how they fit in the difference phases of your corporate development.

The presentation is geared towards industrial type businesses that design or make any type of proprietary product such as equipment, parts, food, materials, including software.

Some of the funding programs covered include:

  • SR&ED (Scientific Research & Experimental Development)
  • IRAP (Industrial Research Assistance Program)
  • SIF (Strategic Innovation Fund)
  • SDTC (Sustainable Development Technology Canada)
  • Growing Forward / Agri-Innovation
  • BCIP (Build in Canada Innovation Program)
  • Engage, CRD, Mitacs (grants for working with universities)
  • CanExport
  • Hiring & Training Grants for technical personnel

Fees/Admission:

Members: $10
Non Members: $15
Prices are subject to GST

Includes Lunch!

Location:

Sevenoaks Boardroom
2nd Floor, Sevenoaks Shopping Centre
32900 South Fraser Way
Abbotsford, BC

Date/Time Information:
Wednesday, January 24, 2018
11:45 AM – Registration & Lunch
12:15 PM – Presentation
1:00 PM – Adjourn

About the presenter:

Jaap Siekman MSc, PEng, PMP
Jaap is the Regional Manager for NorthBridge Consultants. He educated 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.

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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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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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