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, […]
R&D Across Canada: 10 Quick Facts
1. The Scientific Research and Experimental Development (SR&ED) tax incentive program dates back to as early as 1944, when companies could deduct 100% of eligible expenditures and a third of capital expenditures incurred for scientific research from their taxable income. 2. The Canadian government provides over $20 billion in the form of direct and indirect […]
Update of Federal Economic and Fiscal Projections
On Friday November 20, 2015, Federal Finance Minister Bill Morneau released an Update of Economic and Fiscal Projections which placed an emphasis on providing a realistic, sustainable, prudent and transparent fiscal management approach. The 2015 update reassesses the forecasts presented earlier this year in Budget 2015, and effectively reduces the projected budgetary balance by about […]
Upcoming Canada Logistics Conference
From October 25-27, 2015, the Canada Logistics Conference will be taking place in Niagara Falls, Ontario at the Hilton Hotel & Suites Niagara Falls/Fallsview. Aimed at bringing together supply chain logistics professionals from across the country, this annual thought leadership conference promises to deliver practical ideas and actionable strategies for logistics professionals as we prepare […]
Summary of Provincial and Territorial R&D Tax Credits
The Canada Revenue Agency has recently released the most current summary of provincial and territorial R&D tax credits. Recent program developments by region include: Manitoba As of January 1, 2014, the definition of ‘eligible expenditures’ has been amended in line with the federal reduction in the prescribed proxy amount to 55%, and the reduction to […]
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 […]
New Brunswick Launches Growing Forward 2 Agricultural Programs
MP Mike Allen, on behalf of federal Agriculture Minister Gerry Ritz, and New Brunswick Minister of Agriculture, Aquaculture and Fisheries Michael Olscamp, announced program details for Growing Forward 2 to the agricultural and agri-food sector in New Brunswick. New Brunswick producers will have access to new and innovative agricultural funding programs with the support of […]
Foreign Markets to Feed on Prawns from St. John’s
The Canadian government recently announced that it will partner with the Canadian Association of Prawn Producers to market cold-water prawns to foreign markets such as Russia and China. The partnership is meant to boost Canada’s reputation as a producer of high-quality seafood. To accomplish this, the government will invest $165,000 via the AgriMarketing program to […]
Soft Patch in Canadian Economy
Canadian job creation stalled in October, while the national unemployment rate held at 7.4%. Closer analysis of the data reveals that the western provinces have had lower-than-average rates of unemployment, compared to higher-than-average rates of unemployment in Ontario and the eastern provinces. The western provinces had previously been driving economic growth with its resources (oil, […]
OECD Economic Survey: Research and Development Outlook in Canada
The Organisation for Economic Co-operation and Development (OECD) released the June 2012 results of the OECD Economic Surveys for Canada’s macro-economic state of affairs. The report indicates that the economy is picking up, with a positive outlook for continued moderate output growth and inflation. The OECD also cites innovation as a priority on the government’s […]