Payroll is a consistent cost to all employers across Canada. Fortunately, business grants are available to minimize these costs. Did you know that you can hire a recent post-secondary graduate and receive up to 50% of their payroll in government grants? In fact, an additional grant may cover up to 2/3 of third-party training costs…
The Government of Canada is investing in agricultural technologies that increase farming productivity. As recently announced by the Canadian federal government, up to $425,000 in repayable government funding has been committed through the Western Innovation Initiative (WINN). This funding will assist a British Columbian technology developer to create a system that will help farmers reduce…
Every year, an average of 130,000 new Canadian small businesses are established. But despite this entrepreneurial drive, only 35% survive their first five years. While startups are critical to Canada’s innovation and overall business competitiveness, they face extreme pressure to maintain tight cash flow and survive streamlined operations. It can be tough, but entrepreneurs aren’t…
Ontario’s advanced manufacturing industry is a top driver of Canada’s economic performance. In 2015 alone, manufacturing sales in Ontario contributed nearly $290 million in GDP and sustained nearly 800,000 high-quality jobs. One of the reasons for this success is because Ontario government funding supports manufacturing investments that lead to productivity improvements, innovation, and international exports….
Canada’s leading advanced technology businesses continue to thrive because of constant investments into innovative R&D. In 2015 alone, the Canadian technology industry contributed more than $9.1 million towards innovative research and development initiatives. This is a calculated approach to growth, since research typically leads to innovation and to international competitiveness. As one of the world’s…
Technology firms are among the largest and fastest growing companies in Canada. In 2015 alone, Canada’s advanced technology industry consisted of over 71,000 firms who contributed over $117 billion in economic output. This is largely based on their willingness to take risks and invest in research and development activities. There are, however, some regions in…
Ontario’s economy is expected to achieve a 3% growth in GDP based on the province’s performance this year. Previous growth projections expected a 2.6% increase to the province’s GDP, however favourable conditions enabled businesses to increase their competitiveness and drive sales, both domestically and internationally. This is just one of the many trends identified in…
Developing international markets is an imperative strategy for any business who is seeking to drive revenues and become globally competitive. Although it can be expensive and risky to act on an expansion plan, doing so can lead to a range of benefits such as generating substantially higher revenues, developing a more reliable value chain, and…
In order for Canadian businesses to develop innovative products and processes, a generation of skilled researchers and labourers must be raised. But despite the clear connection between research, engineering, and success in globally-competitive industries, 35% of Canadian manufacturers and exporters are unable to find and retain skilled labour. This disconnect is limiting growth potential and…
Ontario is positioned to become a leader in advanced marine technologies. Not only do Ontario-based companies have access to skilled employees, but our proximity to the Great Lakes region supports better product testing and commercialization opportunities. The government realizes this opportunity and has begun investing in marine technology companies. On November 8, 2016, the Ontario…