Survey Shows: Federal Budget has Businesses on Edge
In June 2012, Deloitte conducted an online survey on the effects of the federal budget and how it impacts innovation investment in Canada. It was revealed that 80 percent of those surveyed believe that the budget will have a negative impact on the money available from SR&ED and offers little to no benefit for new […]
2012 Ontario Budget- Reductions to come from Public Sector Wages, Pensions, Suspension of Corporate Tax Cuts
The Ontario government tabled a new budget Tuesday which proposes a deficit elimination plan to reduce spending growth by $17.7 billion over the next 5 years. The proposed budget highlights savings through the freezing of public sector wages and reductions in pension contributions, which will result in $6 billion of savings. The suspension of planned corporate […]
Budget 2011
Yesterday saw one of the more important annual events in relating to the Canadian economy – the announcement of the budget for the upcoming year. While (at the time of writing this) it is still left to be seen whether the budget will be accepted, if done so, there are many items covered in it […]
Provincial Budget Changes
In March both Quebec and Manitoba announced their 2010 provincial budgets – and both provincial governments have made changes to their provincial SR&ED programs. Manitoba’s budget, announced on March 23rd, made changes to how the provincial refund would be given to companies. Starting in 2011, all SR&ED performed in Manitoba will be eligible for a […]
Federal Budget Highlights
The 2010 Federal Budget was announced last Thursday, March 4th, and it looks like the government is on track with the Economic Action Plan. Although it will still be some time before Canada sees a full recovery, we are headed in that direction. There are quite a few positives that are worth mentioning to provide […]
Leading up to the 2010 Federal Budget
The past year and a half has seen trying times for many businesses across all industries. Companies have been forced to drastically cut costs to stay alive, and many are dependent on the outcome of the upcoming Federal Budget to further ensure their survival. We have seen some positives in the economy that indicate a […]
AMIS – Ontario’s Advanced Manufacturing Investment Strategy
Lines of credit have almost completely dried up in this recession, and it’s harder than ever for businesses to fund their new development projects. Ontario’s Advanced Manufacturing Investment Strategy (AMIS) is a great venue for Ontario manufacturers to pursue. What’s more, AMIS is available to companies from all manufacturing sectors in Ontario. The $500 million […]
Save Money & Make Smart Decisions When Purchasing From Foreign Sources
Cambridge area manufacturer Purchasing Manager Walat Yasin offers the following advice to fellow companies: Buying foreign has become of great interest to our company recently, especially as we have the order quantities to justify the purchases and save significantly. We also do not have the local manufacturing resources for particular products. We, like any company, […]
Ontario Provincial 2009 Budget
The proposed 2009 Ontario provincial budget, released March 26th, 2009, puts forward new tax measures intended to build on the government’s “5 point” economic plan. Understandably there is much controversy about the spending plans, and many Ontarians are expressing concern over the Sales Tax Harmonization, and how it will affect the individual. On a positive […]