In this blog, we delve into the diverse array of policies, programs, and financial commitments designed to bolster Canada’s economy, foster innovation, support sustainable growth, and enhance the well-being of Canadians from coast to coast. From significant investments in research and clean technology to targeted funding for workforce development and regional economic growth, Budget 2024 reflects a forward-thinking approach aimed at addressing key challenges while unlocking opportunities for prosperity and progress.  With many Canadians facing economic uncertainty, rising costs, and hous ..read more

Agriculture and Agri-Food Canada (AAFC) has recently announced a new funding program, the Supply Management Processing Investment Fund (SMPIF) to support investments in processing facilities that improve productivity and efficiency through the acquisition of new automated equipment and technology.  SMPIF assists processors of supply-managed commodities in adjusting to market shifts arising from the implementation of trade agreements such as the Canada-European Union Comprehensive Economic and Trade Agreement (CETA), the Comprehensive and Progressive Agreement for Trans-Pacific Partnershi ..read more

Did you know that Canada’s Scientific Research and Experimental Development (SR&ED) program is the country’s largest innovation initiative, supporting research and development (R&D) endeavors with over $3 billion in tax credits and refunds annually? We are thrilled to unveil our comprehensive Ryan SR&ED 101 Guide, designed to demystify this crucial program, and help businesses navigate the path to securing essential funding.  Administered by the Canada Revenue Agency (CRA) and governed by the Income Tax Act, SR&ED serves as a stable and accessible tax credit for Canadian ..read more

Did you know that job growth in the AI sector surged by nearly one third in Canada over the past year? This remarkable growth places AI among the highest-performing industries, and its impact reverberates across our nation’s economy. As the digital frontier expands, artificial intelligence (AI) emerges as the catalyst for unprecedented growth. From streamlining operations to revolutionizing healthcare, AI permeates every corner of our society. Today, we unveil a glimpse into Budget 2024 – a visionary investment that will shape Canada’s AI destiny. For more budget information, visit our Feder ..read more

Budget 2024 marks a pivotal step in fulfilling the government’s pledge to rejuvenate healthcare and ease financial burdens for families across Manitoba. With a focus on expanding healthcare provisions and reducing costs, the budget allocates record investments in healthcare infrastructure and workforce. Additionally, it introduces measures to enhance senior care, improve healthcare access in rural and northern communities, and modernize healthcare systems.   Furthermore, Budget 2024 prioritizes fiscal responsibility while promoting economic growth, with initiatives such as extending ..read more

In Ontario, economic growth has faced significant challenges over the last year with gross domestic product (GDP) expected to slow to 0.3 per cent in 2024, down from the estimate of last year’s budget.   Due to these economic challenges, Ontario’s government has devised a comprehensive plan to rejuvenate the province’s economy in the 2024 provincial budget. Central to this strategy is the development of the electric vehicle (EV) industry, with Ontario slated to host Canada’s first EV battery plants. The plan also prioritizes clean energy, emphasizing the role of nuclear power and cr ..read more

Saskatchewan’s Finance Minister Donna Harpauer unveiled the province’s fiscal plan for the year 2024-25, marking her final budget announcement before stepping down from office. Despite projecting a deficit of $273.2 million for the upcoming fiscal year, Harpauer expressed conviction in the budget’s direction, emphasizing its alignment with the priorities of her caucus colleagues and the premier. Under the theme “Classrooms, Care, and Communities,” the budget emphasizes substantial investments in key areas such as health, education, and infrastructure projects.   Harpauer highlighted ..read more

The Ontario government’s focus on the automotive industry has never been sharper. With innovation and environmental consciousness driving change, businesses in this sector are eager for transformation. As we approach the opening of the O-AMP intake period on March 27th, the urgency for automotive businesses to adapt and thrive is apparent.  Looking at the broader national perspective, it’s evident that governments across Canada are actively strategizing to promote a cleaner and more sustainable future within the automotive sector. Ontario, aspiring to become a leader in the electric vehi ..read more

Quebec, known for its vibrant economy and diverse industries, faces a fiscal landscape marked by an $11 billion deficit. This deficit includes a $1.5-billion contingency reserve and a $2.2 billion payment into a fund dedicated to reducing debt. Despite challenges, the two largest budget categories, health care and education, are on the rise.   This blog takes a focused approach to the budget from a business funding perspective.  Quebec’s economy is set for transformation with Budget 2024, which unveils strategic measures to fortify workforce development and bolster key indust ..read more

In a move towards a sustainable transportation future, Ontario Vehicle Innovation Network (OVIN) announces the launch of its groundbreaking Advanced Charging and Vehicle-to-Grid (V2G) Stream under the R&D Partnership Fund. This strategic investment by OVIN, backed by the Ontario Government, is poised to strengthen Ontario’s position as a global frontrunner in the EV revolution. Industry data reveals a surge in electric vehicle (EV) investments, with over $28 billion pouring into the sector in the last three years alone.  To learn how OVIN plans to bolster innovation and research wit ..read more