2019 Economic Review & 2020 Forecast
Canadian stocks are soaring, while the economy is expected to reach slowest pace in a decade. The National Bank of Canada reports investor optimism for a pro-growth agenda on the horizon at the end of 2019, despite the effects of recent protectionist policies continuing to ripple across global supply chains. The fate of emerging markets, […]
Quebec Budget 2018 Highlights
The 2018 Quebec Budget, tabled on March 27, 2018, reports accelerated gross domestic product (GDP) growth from 1.4% in 2016 to 3% in 2017 and proposes several measures and investments that will impact businesses in Quebec including: Innovation Increasing the additional capital cost allowance rate from 35% to 60% for investments in computer equipment and […]
Ontario Budget 2018 Highlights
The Ontario 2018 Budget, tabled on March 28, 2018, projects a growing deficit over the next three years and is predicted to resume a downward trend in 2022 with accumulated deficit expected to decline from 23.2% of gross domestic product (GDP) in 2017-18 to 22.1% by 2022. The Ontario Budget proposes several measures and investments […]
SWODF Supports Expansion Projects in Southwestern Ontario
Southwestern Ontario companies that are looking to invest in an expansion project at their facility should consider the Southwestern Ontario Development Fund (SWODF). The focus of the program is to support job creation, innovation, and economic development in Southwestern Ontario. The SWODF will fund up to 15% of eligible project costs to a maximum of […]
Youth Employment Fund Helps Connect Employers with Skilled Young Workers
Through the provincial Youth Employment Fund (YEF), employers in Ontario can receive up to $6,800 to offset training and wage costs linked to a job placement for a young person. To be eligible for this hiring incentive funding, employers must be licensed to operate in Ontario and be compliant with health and safety and employment […]
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 Ontario Budget Tabled
The 2014-2015 Ontario fiscal budget was tabled on May 1, 2014. Among a hefty deficit for the 2013-2014 year and lower-than-expected revenues, Premier Wynne has announced plans for multi-billion dollar investments in public infrastructure and job growth. Included in these plans is a $2.5 billion Jobs and Prosperity fund. The new fund promises to award […]
NorthBridge Success Story: Ontario Manufacturer Qualifies for EMA Trade Show Funding
NorthBridge engaged a manufacturer located in the Region of Waterloo that was looking to exhibit at two international trade shows. The company was looking to increase their export sales in the United States and to identify sales leads in two new target markets. The company had applied for the SR&ED program but was unaware of […]
Investing In Business Growth and Productivity (IBGP)
FedDev recently announced a new funding program called Investing in Business Growth and Productivity (IBGP). Funding will target projects that assist businesses to grow through market diversification and expanding facilities; or projects that increase adoption of new technologies and processes to improve productivity. Through a repayable contribution, companies can receive up to 25% of eligible […]
NODP Funding to support Manufacturing in Northern Ontario
The goal of the Northern Ontario Development Program (NODP) is to assist manufacturers to realize operational efficiencies, to grow sales, and to boost productivity while fostering new job creation. The program will provide coverage up to 30% of capital costs and up to 50% of non-capital costs to businesses with fewer than 500 employees. Eligible costs […]