Canada is poised to lead the global transition to zero-emission vehicles (ZEVs). With a federal commitment to achieve 100% new light-duty ZEV sales by 2035 and the Canadian Federal Budget 2024 emphasizing the EV sector as a governmental priority, the momentum is undeniable.   This vision is further supported by significant investments, such as Honda Canada’s $15 billion initiative to establish Canada’s first comprehensive electric vehicle supply chain in Ontario, a milestone celebrated by Prime Minister Justin Trudeau and Ontario Premier Doug Ford.  Did you know that the Feder ..read more

Canada has a strong focus on exporting and plays a significant role in global trade. In 2021, Canada’s annual exports reached a record $637 billion, surpassing previous records by 7%. The primary export products include crude oil, cars, petroleum products, gold, and sawn wood. With such a robust export market, Canadian businesses, particularly in the cleantech sector, have a prime opportunity to expand their reach internationally.   While the opportunities are vast, expanding into new markets comes with its challenges. These include understanding international trade regulations, managing ..read more

Canadian enterprises are consistently integrating Lean Six Sigma initiatives with notable achievements. When executed strategically and with foresight, Lean Six Sigma activities typically result in reducing inefficiencies, eliminating waste, and enhancing profitability. This versatile methodology can be tailored to address various business obstacles, offering a systematic approach to organizational enhancement.  This blog outlines case studies exemplifying the use of Lean Six Sigma strategies to eliminate outdated business procedures that failed to meet contemporary market norms. These e ..read more

In the face of economic uncertainties and ongoing challenges, Canadian small business owners remain remarkably optimistic about the future. Despite the lingering effects of the COVID-19 pandemic and concerns over rising interest rates and inflation, a recent survey paints a picture of resilience and forward-looking optimism within the small business community.  Confidence Amidst Challenges  The survey findings reveal that a substantial majority (71%) of Canadian small business owners and self-employed professionals are confident that their businesses will thrive throughout the remai ..read more

Ontario’s energy landscape is poised for a transformative shift with the announcement that BWX Technologies, Inc. (BWXT) is investing $80 million to expand its nuclear manufacturing plant in Cambridge. This strategic investment signals a significant step forward in Ontario’s commitment to reliable, affordable, and clean energy, while also catalyzing economic growth and job creation across the region.  “Cutting-edge nuclear energy technology from leaders like BWXT will help Ontario to compete on the global economic stage. The 250 good-paying jobs and added production capacity this invest ..read more

According to the Canadian Federal Budget 2024, a net-zero economy is a high priority for the federal government. Even at the provincial level, all budgets stated a strong focus on sustainability and clean energy. Investing in Canada’s minerals sector industry is an important activity for Canadian businesses and governments alike, now more than ever. In a dynamic month filled with groundbreaking developments, Canada’s mineral exploration and mining sectors have reached new heights, bolstered by strategic government investments and collaborative partnerships. In this blog, we will delve into th ..read more

Canada’s cybercrime landscape has undergone a significant transformation. Once confined to the shadows of the black market, cybercrime has now grown into a sprawling network of sophisticated organizations. This evolution is propelled by the exponential growth of e-commerce and digital transactions, rendering cybercrime one of the most lucrative criminal enterprises globally.  In this dynamic digital environment, small businesses find themselves particularly vulnerable to emerging cyber threats. Now, more than ever, prioritizing investments in cybersecurity education is essential. The rap ..read more

The Scientific Research and Experimental Development (SR&ED) tax credit program is a retroactive business funding program offered by the Canadian federal government that helps cover a portion of eligible businesses R&D costs. This is Canada’s largest funding program and is utilized by thousands of businesses across each province of Canada. Professional corporations commonly apply for SR&ED funding. How Does SR&ED Define Medical Professional Corporations (MPCs)? Several professions have regulated professional corporations and are restricted to practice their professio ..read more

Exports extend beyond conventional cargo shipments, as intangible assets, notably services, contribute significantly to global trade. This article explores the potential for Canadian service companies to expand globally, leveraging the international export market to foster their growth.  In 2022, service exports comprised 12.1% of Canada’s GDP, reaching approximately $161.2 billion.   What It Means to Export Services   Any service provided by a person or a company from Canada to a person or company in another country can be considered a Canadian service export. Some ..read more

Establishing a supply of critical minerals is fundamental to achieving net-zero emissions by 2050 and highlights the increased need for sustainability in the mining industry. The International Energy Agency (IEA) projects that demand for sustainable minerals will increase , for use in renewable electricity, batteries, electronics, and electric vehicles. While the technologies using critical minerals are  contributing to the achievement of sustainable development goals, mineral extraction processes pose threats to the environment. As the mining of these essential elements grows exponentia ..read more