Editor's Welcome:
State of the Industry and the Winter Advantage
Written by:
Ela Malkovsky, Editor-In-Chief
Canadians are well known for their resilience during the cold winter months. This resilience
translates well to the business world, where Canadian manufacturers continue to push scientific
boundaries even as the snow and cold linger.
As the calendar turns over, many businesses look to get organized for the year ahead. Identifying
prospective R&D activities for inclusion in the Scientific Research & Experimental Development
(SR&ED) tax credit program is one way to ensure you maximize your business’ profitability
for the coming year. This period can also provide a great opportunity to develop strategies
for increasing company efficiency. If you lost valuable time during the last fiscal year in trying
to allocate labour or locate and identify relevant records of activities performed, it may be
worthwhile to revisit your existing activity tracking system, simplifying or strengthening it in
order to save valuable time and reduce frustration down the road.
The new year also brings with it an excellent opportunity for businesses to better familiarize
themselves with grant opportunities that may be relevant for ongoing and future projects.
Whether you are looking to expand your facilities, increase access to global markets, further
your workforce development, or integrate new technologies with your processes, obtaining
government funding is key to realizing the full potential of your initiatives. In this edition of our
newsletter, we have broken down select government funding opportunities by region in order
to provide an overview of what programs are available across Canada. By getting organized
and developing a plan for upcoming R&D activities, companies can gain the competitive edge
they need to fine-tune operational strategies and increase competitiveness in 2016.
