Eric Martin, Professional Services Director at Emergex, will present this brief introduction to raise awareness among universities, research centers, incubators, associations and companies working in the field of quantum information on how to finance university research contracts within the framework of SR&ED tax credit claims.
LThe Scientific Research and Experimental Development (SR&ED) program is an innovation funding assistance program funded by the federal government and most of the provinces. In 2021, roughly $ 5 billion was distributed to 18,000 companies. In Quebec, it refunds up to 74% of the salaries of eligible technology employees. Under university research contracts, 43.6% of the sums invested are refunded.
Magnificient offices in a historic building located in Old Montreal. From 156 to 965 square feet (out of 3400) available to subrent for one or more subtenants. Ideal as a coworking space!
• Half of the main floor for up to 8 people (27′ x 16′) • 1 semi-open space for 2 to 5 people (19′ x 11′) • 1 medium-size closed office for 2 to 3 people (14′ x 12′) • 1 small closed office for 1 person (13′ x 12′) • Stone walls, exposed beams, 24′-high ceilings, 2 skylights and 6 windows giving plenty of light • Shower for active commuters • Security: alarm system and key-locked elevator • 500 m from Place-d’Armes subway station (5′ walking distance), 300 m from paid parkings and many Bixi stations nearby • Close to many good restaurants and 500 m from downtown • Common spaces: meeting room and fully-equipped kitchen (fridge and dishwasher) • Shared utilities: electricity, heating and A/C • We can also share our high-speed Internet and phone system (additional fees) • Ideal for a quiet IT or Web developer team!
Available as soon as the lockdown is lifted! Reserve now! Renting price: to be discussed according to your needs Lease: flexible, short or long term, with or without end notice period
Contact Benjamin at 514-765-3333 #322 or firstname.lastname@example.org for more information
On November 14, 2018, Pierre Savignac, CEO of Emergex SR&ED Consultants gave a webinar entitled “How to prevent, or else survive, an audit of your SR&ED tax credits by the CRA ?” in partnership with Inno-centre. The recording of this webinar is available below:
Our Client Manager based in our Toronto office , Mike C. Evans, was asked for an interview by Tech & Design. This article, published on June 10th, provides an introduction to the government program of tax credits for SR&ED, as well as its challenges, especially for startups. Emergex is mentioned several times, especially for its ability to assist startups and other companies of all sizes in the claims process, but also for its work of information with startups, which by definition would be the first beneficiaries of these grants, but often do not know the program.
Is increasing your sales one of your resolutions for 2016? Well, you’re not alone! Now is the time to start exporting outside Canada. Good news: the federal government can help.
After the Quebec government’s assistance program (Export Program), whose budget was exhausted before all applications could be met, it’s the federal government’s turn to institute a grants program to help Canadian businesses export their products. We’re talking about the new CanExport program, which officially launched on January 5, 2016, and will help small or medium-sized businesses to exploit export opportunities. This grant can refund 50% of expenses, up to $99,999.
Eligible activities covered under the program include:
business travel abroad
participation in trade fairs and trade shows
adaptation of marketing tools to new markets
legal fees related to distribution or agency agreements
have between 1 and 250 employees
have no less than $200,000 in annual revenue declared in Canada
CanExport is being co-delivered by the Government of Canada through an administrative arrangement between Global Affairs Canada’s Trade Commissioner Service (TCS) and the National Research Council of Canada’s Industrial Research Assistance Program. CanExport is a five-year, $50-million program. This generous program will very likely be a huge hit, so you’d better hurry before the funds run out!
The Business Development Bank of Canada (BDC) has recently announced that it has terminated its SR&ED consulting service. The BDC has directed its ex-customers to rely either on their external accounting firm or independent SR&ED consultants who perform these duties. In fact, many of these clients were unaware that it is not employees of BDC who are preparing tax credits for SR&ED, but external freelance consultants in their database who were contracted on behalf of the BDC.
If you have used the BDC’s SR&ED consulting services, you now have the opportunity to re-evaluate which SR&ED firm you would like to work with in the future. There is no obligation to continue working with the consultant initially referred to you by the BDC. Do what many BDC “orphans” have done already and contact Emergex today!
Pierre Savignac, Founder & CEO of Emergex SR&ED Consultants
This article by journalist Emmanuelle Gril was originally published in French on Jobboom.com.
Pierre Savignac, having graduated with a bachelor’s degree in computer science from the University of Montreal in 1986, is running his third company. For as long as he can remember, he always wanted to go into business. “In my first job, I was told: ‘You, you’ll start your own business for sure!’ It was a strong and fundamental desire, and even when I became an employee again, I knew it was only temporary,” he recalls.
At the age of 28, he started his first company, then another that he formed a few years later. In 1994, he finally launched Emergex. Between two start-ups, he worked for Alis Technologies, MédiaSoft Télécom, Virtual Prototypes and Vidéotron.
Today, Emergex has fifteen employees and consultants, most of whom are computer scientists, engineers, or software architects. Their mission? To help companies, mostly in the IT sector, claim their tax credits for research and development. “These programs can subsidize up to 80% of the wages paid by a company. In Quebec, where there are many software development firms, they are often the most important source of revenue,” explains Pierre Savignac.
He believes that hierarchy, as traditionally conceived, is an outdated concept.
“Today, the role of management consists of helping employees to do their jobs. I see my role more as that of a coach. I assist and support individuals in achieving their tasks,” he explains. And for this, he is particularly well-equipped, because he has assumed all of the roles while his company grew, from managing finances to writing technological reports and from negotiating with Revenue Canada to managing a team spread all over the country. “My door is always open and I can always be consulted. My management style oscillates between trust and control, depending on the employees. Some take on their responsibilities very well, while others need more guidance. You should know how to adapt,” he says.
Obviously, this is a role that he understands and implements perfectly, since in 2012, Emergex reached the rank of 24th in Quebec in the annual PROFIT 200 list, which honours the 200 Canadian companies which have experienced the most growth in revenue during the previous five years.
MONTREAL, June 7, 2012 – Emergex SR&ED Subsidies, a professional services firm specializing in Scientific Research and Experimental Development (SR&ED) tax credit claims, is pleased to announce that is has been recognized as one of Canada’s Fastest-Growing Companies in the 24th Annual PROFIT 200 Ranking. 24th Annual PROFIT 200 Ranking.
Ranking Canada’s Fastest-Growing Companies by five-year revenue growth, the PROFIT 200 profiles the country’s most successful growth companies. Published in the Summer issue of PROFIT and online at PROFITguide.com, the PROFIT 200 is Canada’s largest annual celebration of entrepreneurial achievement.
“Emergex has always taken pride in helping to build technology enterprises” says Pierre Savignac, CEO and founder of Emergex SR&ED. “Today, part of our clients’ success reflects on our team. Helping our clients to expand, and to finance their expansion, is how our own company got to grow. Actually, 45% of the companies featured by PROFIT 200 and some of our clients fare well in the ranking.”
Emergex SR&ED Subsidies has grown 290% in the past 5 years and now employs some 20 people. Emergex is one of the 33 Quebec companies to make the ranking in 2012 and it is the only one in its field among PROFIT 200 Ranking of Canada’s Fastest-Growing Companies.
“The PROFIT 200 companies are an inspiration to Canadian entrepreneurs and would-be entrepreneurs,” says Ian Portsmouth, Editor-in-Chief of PROFIT Magazine. “PROFIT is proud to celebrate the success of these businesspeople, who, despite a challenging economy, have achieved outstanding success in a wide variety of fields.”
About PROFIT Magazine
PROFIT: Your Guide to Business Success is Canada’s preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For 30 years, Canadian entrepreneurs and senior managers across a vast array of economic sectors have remained loyal to PROFIT because it’s a timely and reliable source of actionable information that helps them achieve business success and get the recognition they deserve for generating positive economic and social change. Visit PROFIT online at www.profitmagazine.ca.
About Emergex SR&ED Subsidies
Established in Montreal in 1994 by Pierre Savignac, Emergex SR&ED Subsidies helps technology enterprises benefit from government support programs, especially Scientific Research and Experimental Development (SR&ED) tax credits. Emergex is the #1 go-to SR&ED firm for software and IT enterprises in Quebec. Its multidisciplinary team also services any company in Canada that integrates innovation in its development strategy. Over the years, Emergex assisted its clients in obtaining hundreds of millions of dollars in financing and government support.