Yesterday, the Government of Canada released Budget 2024: Fairness for Every Generation, which proposed investments in clean technology, AI, modernization of SR&ED, intellectual property, and workforce development. NorthBridge has compiled a summary of key points outlined as part of the Budget. A Review of the Scientific Research and Experimental Development Tax Incentive Consultations for the modernization of the SR&ED closed on April 15, with a second phase of consultations to be launched soon, which will focus on technical reforms and expanding access to the enhanced rates of 35% fo ..read more

At NorthBridge, we keep up to date on all the most recent government funding updates, intake announcements and upcoming grant deadlines in Canada so you don’t have to. Each month, we will be providing a summary of the most important news in government funding. Get in touch today to learn more about each program and assess your eligibility. For: Ontario-based automotive SMEs looking to introduce new processes, tools, and technologies Through the Ontario Automotive Modernization Program (OAMP), the Government of Ontario provides support to small and medium sized enterprises in the automotive sec ..read more

As the agriculture and agri-food sector continues to grow, technology has become increasingly important to harvesting, processing, and manufacturing agriculture and agri-food products. Challenges ranging from climate change to supply chain shortages have presented a need for improved process and product development. To address these issues, several programs have offered funding and resources over the years to support the advancement of agricultural technology. Keep reading to learn more about organizations that have made significant contributions to the agricultural technology ecosystem. Agric ..read more

At NorthBridge, we keep up to date on all the most recent government funding updates, intake announcements and upcoming grant deadlines in Canada so you don’t have to. Each month, we will be providing a summary of the most important news in government funding. Get in touch today to learn more about each program and assess your eligibility. For: Companies looking to solve issues in Saskatchewan’s agriculture industry Saskatchewan’s Agriculture Development Fund (ADF) supports the growth of the agriculture industry in Saskatchewan through research and development of solutions to problems within p ..read more

Last week, NorthBridge held a webinar to cover key topics and important insights on the Scientific Research & Experimental Development (SR&ED) program. SR&ED, administered by the CRA, offers investment tax credits (ITCs) to support innovation, R&D, and capacity building in Canadian businesses. Keep reading to learn more about the program and how it can benefit your business.  What is indirect support? Throughout the session, we discussed how indirect support, which includes tax credits like SR&ED, differs from direct support (grants and loans). With direct funding, com ..read more

As a major part of the global film, television, and digital media industries, Canada’s low production costs, experienced talent, and robust tax incentive programs provide many opportunities for international media and content companies to operate through establishments in Canada. Several tax incentives and funding programs are available to foreign companies which have a presence in Canada, and meet requirements regarding Canadian content, Canadian labour, and Canadian services. For companies seeking to do industry-related R&D, SR&ED tax credits may be available depending on ownership a ..read more

Government funding offers numerous opportunities for businesses to receive compensation for different purposes, including salaries, capital equipment, research and training, innovation and development, and commercialization. Following the previous installments, which introduced government funding basics and how to access funding as a startup, this post will focus on obtaining funding as a well-established, late-stage business. There are challenges to accessing funding regardless of size or stage, but for more established companies, the application process can be more complex, with longer appli ..read more

Government funding offers numerous opportunities for businesses to receive compensation for different purposes, including salaries, capital equipment, research and training, innovation and development, and commercialization. Part one of the Government Funding Basics series focused on types of funding available and how to apply. The next two posts will address how to find, qualify for, and apply to funding geared towards specific types of companies, beginning with startups.    What is a startup? Startups are early-stage businesses which have identified a specific problem and have deve ..read more

In this first post of a three-part series, we’ll focus on types of funding opportunities that exist in Canada, how to qualify and apply, and where to find resources. Throughout the series, we will discuss how you can use funding programs to your advantage depending on the unique situation of your company. Government funding offers numerous opportunities for businesses to receive compensation for different purposes, including salaries, capital equipment, research and training, innovation and development, and commercialization. Government funding programs can be challenging to navigate, due to t ..read more

As part of the Fall Economic Statement Implementation Act, 2023 (Bill C-59), the Canadian federal government provided further details on a number of tax measures intended to promote clean energy. The Implementation Act provided information on the status of the Carbon Capture, Utilization, and Storage; Clean Technology; Clean Hydrogen; Clean Electricity; and Clean Technology Manufacturing investment tax credits (ITCs). Since the clean energy ITCs were announced, consultations have been underway to specify eligibility, labour requirements, and stacking restrictions. This blog will discuss the fi ..read more