The Canadian manufacturing industry has reasons to be cautious, yet optimistic in the short-term future. In February 2016, the industry’s contribution to Canada’s gross domestic product (GDP) rose by 1.5%, yet as a whole, industry sales dropped by 1.6%. As the Canadian business landscape changes, manufacturing executives must understand how to respond to new opportunities and threats facing their organization.
According to Manufacturers’ Outlook 2016, some of the greatest challenges facing manufacturers include increasing sales/orders (50%), controlling or reducing costs (47%), finding and training skilled workers (42%), improving productivity (37%), and investing in new capital equipment (36%). If manufacturers implement strategies to reduce or remove these obstacles to success, they could potentially become more competitive, both within and outside the Canadian border.
Luckily, manufacturers have significant opportunities available to them that can help them break through these barriers and achieve greater success. Canadian government grants, loans, and tax incentives are available to simulate business investment and overcome growth constraints. Yet for many businesses, the process of obtaining these government incentives is a confusing, difficult strategy to implement.
Taking the Mystery out of Government Grants & Tax Incentives for Business
On June 22, 2016, manufacturers can discover how to grow their business with Canadian government funding and tax incentives. With a unique behind-the-scenes look at the value these programs provide, your business will be capable of overcoming growth constraints and grow into the future.
Join Mentor Works, Grant Thornton LLP, and TUV SUD Canada for insight on how your business can implement projects that are eligible for government funding contributions. Located just north of Toronto, this event in Gormley, Ontario is a must-attend for manufacturers wishing to gain a competitive edge in their market.
- 9:00-9:30am: Registration & Networking
- 9:30-9:45am: Introduction w/ David Bell, TUV SUD
- 9:45-10:45am: Martha Oner, Grant Thornton
- 10:45-11:45am: Kerri Raposo, Mentor Works Ltd.
- 11:45am-12:30pm: Plant Tour
Event Takeaways: Speakers and Plant Tour Information
Kerri Raposo – Mentor Works
Kerri will focus on how government funding programs help small and mid-sized manufacturers tackle financing barriers in order to grow and achieve prosperity. Whether there is need to extend working capital, expand into new markets, invest in software or hardware, or purchase manufacturing equipment, there are new creative ways to approach financing to solve your innovation challenge.
Mentor Works understands trends in financing and has compiled the best resources for researching government funding options. Discover grants and loans for Canadian businesses at the federal and provincial levels to enhance your company’s ability to complete more projects and grow at an accelerated pace.
Martha Oner – Grant Thornton
Martha is a partner and the national leader of the R&D and government incentives practice. She assists clients across all industries on SR&ED, OIDMTC and other tax incentive matters. Drawing on more than 14 years’ experience as a tax specialist in government incentives, Martha helps clients across all industries to file maximized and substantiated tax credit claims.
Her clients are varied across the food & beverage, medical, manufacturing, information technology, green technology, construction and agriculture industries. She is an expert in all aspects of claim eligibility, preparation, and review. In her keynote, Martha will explain the details and nuances of some of the top government tax incentives available to businesses.
TUV SUD Canada
For over 150 years, TUV SUD Canada has provided international engineering services focusing on certification and testing. Their EMC / EMI (Electromagnetic Compatibility) testing services for global compliance covers requirements for US (FCC), Canada (ICES), Europe (EN) and other international (IEC) markets.
TUV SUD Canada engineers offer industry experience for the industrial, nuclear, household, wireless, scientific, lighting, medical, audio/ visual and Information technology Equipment (ITE) fields. Their services include EMC testing, electrical safety, laser safety, field evaluation, environmental testing as well as product review for all regulatory issues.
The company’s 25,000 sq. ft. state-of-the-art facility is located in Gormley, Ontario. Event participants will be able to tour their facility to discover new opportunities to test and validate their products.
Canadian Manufacturing Incentives: Event Registration
Date: Wednesday June 22, 2016
Time: 9:00am – 12:00pm
Location: 11 Gordon Collins Drive, Gormley, ON