Elevate TechFest 2018

For the second year in a row, Elevate TechFest, Canada’s largest technology and innovation festival, took over downtown Toronto in September as over 10,000 members of the tech community, including investors, government, media, start-ups, talent and next generation innovators all gathered to “disrupt together, celebrate diversity and inclusiveness, and proudly showcase the best of Canadian innovation.”

As a community driven festival, Elevate provides a shared stage for Canada’s booming high tech startup ecosystem to showcase their work, and to learn and network through numerous events, educational presentations, award ceremonies, and social gatherings. The result was an exceptionally inclusive and collaborative entrepreneurial platform which highlights Canada’s greatest competitive advantage to attract talent and investment for the next generation of innovation.

This was particularly relevant in the fields of AI and health/medical technology, with Canada being uniquely poised to drive AI innovation in the healthcare field as a global leader in AI technology with its universal healthcare system. Canada’s strength in AI and medical technology was emphasized throughout the various Elevate events and tracks by the prevalence of growing companies developing machine learning and digital health solutions with the goal of democratizing AI powered medicine.

Industry leaders such as Al Gore, Eric Schmidt, Tobias Lutke, Minister Navdeep Bains, Whitney Wolfe Herd and Wyclef Jean, shared the main stage on September 25 to discuss the role of technology and collaboration in shaping the future.

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SR&ED 2017 Update and Best Practices

The Excellence in Manufacturing Consortium (EMC) will be hosting 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. 

Jeff Mitobe, Engineering Manager from NorthBridge Consultants and Ross Cooper from EMC will be on hand to discuss and take questions about SR&ED:
– 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.

DURHAM / BELLEVILLE / QUINTE & COBURG
Date: March 21st, 2017
Time: 1:00pm – 3:00pm (arrive 15min before)
Location:
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! http://www.continentalconveyor.ca/index.html

OTTAWA / OTTAWA VALLEY & SURROUNDING AREAS
Date: March 22nd, 2017
Time: 1:30pm – 3:30pm (arrive 15min before)
Location:
M Con Products Inc. – 2150 Richardson Side Road, Carp, ON (MAP LINK) http://www.mconproducts.com/

BROCKVILLE / CORNWALL / HAWKESBURY / MORRISBURG / SMITH FALLS / PERTH
Date: March 22nd, 2017
Time: 9:00am – 11:00am (arrive 15min before)
Location: 
Eaton Electrical – 9 Industrial Road, Perth, ON (MAP LINK) http://www.eatoncanada.ca/EatonCA/index.htm

** To register please contact Jeff Mitobe **

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New SR&ED Program Service Standards

The Canada Revenue Agency (CRA) has recently released an update of service standards for processing SR&ED claims.  The following are CRA’s updated service standards for processing SR&ED claims as of December 31, 2015 (following the receipt of a complete claim):

  • Refundable claims – 120 calendar days
  • Non-refundable claims – 365 calendar days
  • Claimant-requested adjustments to refundable claims – 240 calendar days
  • Claimant-requested adjustments to non-refundable claims – 365 calendar days
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Breakfast Seminar on Government Grants in Abbotsford, BC

Time: Wednesday, September 30, 2015
7.30 am- Breakfast and Networking
8.00 am- Presentation and Q&A

Location: Sevenoaks Shopping Centre, 2nd Floor Boardroom.
32900 South Fraser Way, Abbotsford (Enter by Chatters and Walk left)

[Online registration]

Synopsis:

This seminar will cover a variety of options for leveraging government grants and loans in addition to a special presentation on SR&ED tax credits for Research and Development.  There exists an expanse of Canadian business funding programs targeting business growth, innovation, and workforce development, for companies in various industries, from manufacturing to digital mediaplastics and chemicals, food processing, and biotechnology. Sourcing funding from various programs can give companies the edge they need to secure a competitive advantage and take their business to the next level; however, navigating through the government funding system and staying up to date with new program developments can be challenging while also trying to contend with everyday business operations.

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New CRA Financial Claim Review Manual

As of June 25, 2015, the Canada Revenue Agency (CRA) has released a revised version of their  Financial Claim Review Manual (CRM) – Review Procedures for Financial Reviewers for the SR&ED Program.  The CRM currently address the following topics:

  • Introduction
  • Overview and general information
  • Guidelines for coordinated review
  • Planning the review
  • Conducting the detailed review
  • Finalizing the review
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