Archive for the ‘Manufacturing’ Category

The Fate of Canadian Manufacturing

The Canadian Manufacturing Coalition (CMC) recently sent a letter to Canada’s Federal Minister of Finance, the Honourable William Morneau, on behalf of thousands of members of undersigned manufacturing associations. The letter emphasized the importance of manufacturing to the Canadian economy and urges the government to make several tax reforms for the upcoming 2018 Federal Budget in order to boost investment and growth including:

  1. Reducing federal and provincial general corporate taxes to a combined 20%.
  2. Expanding and improving the Accelerated Capital Cost Allowance (ACCA) depreciation rules to mirror the new US rules.
  3. Introducing an Investment Tax Credit on purchases of new equipment and software of between 10-15% to help companies, especially SMEs, improve cash flow and offset the impact of the low Canadian dollar on the cost of buying foreign machinery and equipment.
  4. Introducing a “patent box” innovation support that would reduce taxes on profits from new products and product mandates.
  5. Lowering the top marginal personal income tax rate from 33% to 31%.
  6. Reforming the Scientific Research and Experimental Development (SR&ED) program to lower the administrative burden and support a broader range of corporate innovation needs, especially product commercialization.

CMC believes that currently the SR&ED program is “focused on a limited range of primary research and discovery” through an “overly aggressive audit function” rather than provide support particularly with commercialization and scale-up innovation needs.

According to CMC, “Canadian manufacturing is at a critical juncture. While output and exports are near an all-time high, capital investment and foreign direct investment have fallen, resulting in weakening productivity and global competitiveness, and fewer new innovations.”

Although CMC applauds various government initiatives (such as funding of Super Clusters, the creation of the Strategic Innovation Fund, the establishment of Innovation Canada, the expansion of training programs, and a long term national infrastructure plan), the letter stresses that “the ongoing challenges facing our economy require that more must be done to support investment and growth in our sector and across the business community more generally.”

Contact us today to find out how recent policy changes can impact your company and to learn about emerging opportunities that may help to grow your business.

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EMC Strategic Interest Group Networking Events in Southern Ontario

Please join us for the upcoming Excellence in Manufacturing Consortium (EMC) Strategic Interest Group (SIG) networking events in Southern Ontario on March 21st and 22nd, 2017 , which will address Financial Challenges related to Navigating SR&ED and Managing Currency Exposure. 

Attending these SIG event is a great opportunity to interact, share and discuss your best practices with your peers from other companies and learn more about:

Managing Currency Exposure
Dan Wright from Western Union Business Solutions will join us to discuss:
– Risks of foreign exchange exposure to your business.
– Solutions for foreign exchange, global payment and currency risk management challenges.

SR&ED 2017 Update and Best Practices
Jeff Mitobe, Engineering Manager from NorthBridge Consultants and Ross Cooper from EMC will be on hand to discuss and take questions around this topic:
– Understanding SR&ED and any pertinent recent changes.
– Applicable projects and how best practices around the application process.
– Round table Question and Answer portion where you may ask the experts specific questions relevant to your potential investments.

Agenda Items:

  • Welcome, Introductions & EMC Update
  • Discussion as per SIG below
  • Roundtable Networking, Plant Tour & Host Feedback (Please bring Safety Shoes)

Event Details:

DURHAM / BELLEVILLE / QUINTE & COBURG
Date: March 21st, 2017
Time: 1:00pm – 3:00pm (arrive 15min before)
Location:
Continental Conveyor is our host. Event will be held at the Strathcona Paper Center -16 McPherson Drive, Napanee (MAP LINK) Tour to follow at Continental Conveyor! http://www.continentalconveyor.ca/index.html

OTTAWA / OTTAWA VALLEY & SURROUNDING AREAS
Date: March 22nd, 2017
Time: 1:30pm – 3:30pm (arrive 15min before)
Location:
M Con Products Inc. – 2150 Richardson Side Road, Carp, ON (MAP LINK) http://www.mconproducts.com/

BROCKVILLE / CORNWALL / HAWKESBURY / MORRISBURG / SMITH FALLS / PERTH
Date: March 22nd, 2017
Time: 9:00am – 11:00am (arrive 15min before)
Location: 
Eaton Electrical – 9 Industrial Road, Perth, ON (MAP LINK) http://www.eatoncanada.ca/EatonCA/index.htm

** To register please contact Jeff Mitobe **

Strategic Interest Group Events in Northern Ontario

Please join us for the upcoming Excellence in Manufacturing Consortium (EMC) Strategic Interest Group (SIG) networking events in Sudbury (March 1st, 2017) and North Bay (March 2nd, 2017).

Attending these SIG event is a great opportunity to interact, share and discuss your best practices with your peers from other companies and learn more about:

  • Currency exchange uncertainties that are impacting manufacturers doing business with supply chain and/or customers in international markets. Managing this is an integral part of 2017’s day-to-day business!
  • Best practices to successfully navigate the SR&ED program, tips to maximize claim size, pitfalls to watch out for including Audit review tips for CRA Financial and/or Technical reviews.

Event Details:

SUDBURY
Date: March 1st, 2017
Location: NORCAT center, upstairs Boardroom. 1545 Maley Dr. Sudbury, ON P3A
4R7. (MAP)

NORTH BAY
Date: March 2nd, 2017
Location: Metso Minerals Canada Inc. 28 Commerce Crescent, North Bay, Ontario,
P1B 8K4. (MAP)

** To register please contact Jeff Mitobe **

Agenda Items:

  • Arrive/coffee (7.45-8am)
  • SIG (8-10am)
    • Welcome, Introductions & EMC Update
    • Presentation and discussion as per SIG below
  • Round table Networking

SIG Presentation and Discussion:

  • Foreign Exchange Best Practices
    Dan Wright from Western Union will join us to discuss:
    – successful solutions for foreign exchange, global payment, and currency risk management challenges
    – identifying foreign exchange exposure and risks to your business
  • SR&ED 2015 Update and Best Practices
    Jeff Mitobe from NorthBridge will join us to discuss:
    – update on SR&ED program changes impacting manufacturers claims
    – SR&ED claim best practices for industry, pitfalls to watch out for, and audit review tips
  • Round table
    An opportunity to ask your peers questions on any topic.
    As always, you’ll have ample opportunity to interact and discuss with your peers from other companies.

EMC Strategic Interest Group Networking Event

OWEN SOUND & AREA

BRUCE | GREY | HURON

Event Details:

Date: Wednesday, January 25, 2017

Location: Hobart Food Equipment Grp; 2875 East Bay Shore Rd, Owen Sound (MAP)

To register for this event please contact Jeff Mitobe

Agenda Items:

  • Welcome, Introductions & EMC Update
  • Discussion as per SIGs below
  • Plant Tour
  • Roundtable Networking

Financing Opportunities and SR&ED (8:00 – 9:45)

  • Please join us for an interactive presentation by NorthBridge Consultants on the many Government Funding Opportunities available to manufacturers and the Scientific Research & Experimental Development (SR&ED) Tax Credit Program
  • Learn how Hobart has utilized the Lighting Retrofit Rebate and their expected year over year savings
  • Making SR&ED a part of your workday
Plant Tour/Best Practice Walk (9:45 – 10:30)

  • Safety Shoes, Safety Glasses, Hearing protection
Integrating Multiple Demographic Groups (10:30 – 12:30)Are you struggling to integrate different demographic groups in your workplace?How do you build a bridge between the 20-somethings and the 40-somethings?–Is it even necessary?Have you come to realize that a person’s challenges outside work are NOT left at the door?–How do you propose to accommodate them?

  • Mike will share examples of the struggles Hobart is facing in hiring & integrating demographic groups.
  • Please arrive prepared to share and discuss any policies and procedures which you feel are starting to show fruition or have utterly failed.
Reminder to Members: Please visit your home consortium page on EMC’s website for more information on upcoming events, online SIG registrations and more!If you are a member, come out to our next local event to meet your neighbors again. If you are not yet involved, get in touch…the manufacturers down the street want to meet you, and so do we.

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New $25M SMART Green Funding Program for Ontario SMEs

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Ontario Manufacturers & Exporters can receive a non-repayable grant of up to $200,000 for projects that will reduce Greenhouse gas emissions through the new Canadian Manufacturers and Exporters (CME) Green Smart program, scheduled to open November 2016.

The $25M CME Green SMART program is part of Ontario’s new $325-million Green Investment Fund.  If your company is implementing capital investment projects that will generate greenhouse emission reductions, leverage energy-efficient technologies, and follow best practices through process and/or product improvements, you may be eligible for a non-repayable grant up to 50% of eligible projects costs (up to $200,000) through the CME Green Smart program.

Eligible Companies:

  • Minimum of 10 full time employees.
  • Fewer than 25,000 tonnes per year of annual greenhouse gas (GHG) emissions.
  • Not participating in Ontario’s Cap & Trade program.
  • Companies with more than one facility may apply for funding for one project per facility for a maximum of 5 facilities up to $500,000.

Requirements:

  • The project must:
    • Support reduction in GHG intensity and/or avoidance through upgrades to process/production equipment, or
    • Involve implementation productivity improvements, which in turn lead to lower GHG emissions on a gross or per-production unit basis.
  • The project must be associated to the manufacturing process and cannot be a “comfort” upgrade (i.e. lighting, heating and cooling) that is not related to production.
  • A technical project assessment form will be required that includes a report of current (pre-project) GHG emissions, followed by a 12 month post-implementation verification that demonstrates GHG reduction.

The CME Green SMART application intake is expected to open on November 1, 2016 through the online system . This program will support approximately 110 projects in Ontario.

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