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 […]
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 […]