The 2015 Federal Economic Action Plan Supports Advanced Research Funding
In the 2015 Economic Action Plan, the Government of Canada prioritizes funding to foster advanced research within the nation, especially in the sector of advanced manufacturing. Over a six-year time frame, the Canadian Foundation for Innovation will receive $100 million to support digital research facilities as well as $1.33 billion to fund cutting-edge research facilities […]
The 2015 Ontario Provincial Budget: Digital Media Review
In the 2015 Ontario Budget, published by the Ministry of Finance, the Government of Ontario announced a review of the Ontario Interactive Digital Medial Tax Credit program (OIDMTC). As a result of this review, the government has re-stated and re-emphasized the program to focus on interactive entertainment products, and on educational products for children under the […]
Harper Announces Federal Support for Trade Shows, Trade Missions, and Market Research
On March 18, 2015, Prime Minister Harper announced that the a new export development program will be launched that will provide a total of $50 million in direct financial assistance, over the course of 5 years, to entrepreneurs seeking to export to emerging markets for the first time. Non-repayable contributions will be offered to fund […]
Revisiting the Jobs and Prosperity Fund
It is abundantly clear by now that Ontario is in the midst of a job crisis. Despite vastly different campaign platforms, each candidate in this year’s provincial election agreed that job creation was a top priority. Marred by controversy, the Liberal party’s proposed budget was shot down by the opposition earlier this year. But now, the […]
Job Creation A Priority for All Ontario Electoral Candidates
Wednesday marks the beginning of the 2014 Ontario election campaign as Lieutenant Governor David Onley signed the official election writs. Although all of the candidates began campaigning when NDP leader Andrea Horwath announced she would not support the proposed provincial budget, this signing was necessary to formally complete the process. The party leaders wasted no […]
2014 Federal Budget – Employment and Job Creation
On February 11, 2014, the Minister of Finance, James M. Flaherty, tabled the Conservative government’s tenth federal budget. Flaherty chose to stay the course towards a balanced budget in 2015 and will rely on employment and job creation to drive economic growth. The measures introduced to foster employment include: The Canada First Research Excellence Fund, […]
Extension of Accelerated Capital Cost Allowance (ACCA) Provides Tax Relief for Manufacturers
The recent federal budget of 2013 highlighted several initiatives aimed at strengthening the competitiveness of the manufacturing sector. New sources of Canadian business funding and renewal of previous initiatives provides extra incentives for manufacturers to advance their business to the next level. One initiative that is especially beneficial for manufacturers is the renewal of the […]
New Canada Jobs Grant Introduced Under Labour Market Agreements
As part of the 2013 federal budget, the government has announced plans to introduce a new federal training initiative called the Canada Jobs Grant. Back in 2007, Canada unveiled its $3 billion Labour Market Agreements (with the provinces and territories) which offered assistance over three years to low-skilled Canadians or those who were not eligible for […]
Expected Measures to be Delivered in 2013 Federal Budget Tomorrow
In regards to government funding programs, the following measures are expected to be announced tomorrow by Finance Minister Jim Flaherty, as part of the 2013 federal budget: Several hundred million dollars in annual funding for companies to train workers in skilled trades. Extension of a $1 billion tax break for manufacturers to encourage them to […]
CME Suggests Tax Reforms a Necessity for Manufacturing Growth
A pre-budget submission published last week by Canadian Manufacturers and Exporters (CME) makes recommendations to increase Canada’s tax competitiveness to spur global investment. Their recommendations can be summarized as follows: 1. PRODUCTIVITY – Make the Accelerated Capital Cost Allowance (ACCA), or the 2-year write-off for equipment and machinery, permanent. This will help drive business investment […]