During the 9th edition of the International Aerospace Innovation Forum,  François Legault, premier of Québec, François-Philippe Champagne, Minister of Innovation, Science and Industry of Canada, Pierre Fitzgibbon, Minister of Economy, innovation and energy of Québec, and Mélanie Lussier, president of Aéro Montreal, announced the designation of a fourth innovation zone, located in the territories of…

The Manufacturing Industry requires constant movement in the innovation scene: it deals a lot with the need to integrate new ideas and technologies, seeking to improve and develop production processes and products. The industry is a highly competitive and complex environment, which has been growing increasingly over the years. One of Canada’s largest business sectors,…

In 2023, the Government of Canada proposed a way to offset the effect of a (then) recent court ruling on the treatment of non-interest bearing or below-market interest rate loans from public authorities, known as “concessional loans”, which established the principal amount of such loans as assistance for purposesof the Income Tax Act (ITA). In…

In recent years, the digitalization of processes and the adoption of increasingly moder sales models have brought significant changes to commercial relationships, and e-business, as we know the process of incorporating the internet and other forms of network technologies into its main businesses, began to benefit not only large companies, but also small and medium-sized…

Recently, Canada has established an agreement with the United Kingdom to boost scientific collaboration between the two countries, through the signing of two memorandums of understanding by the Minister of Innovation, Science and Industry, the Honourable François-Philippe Champagne, and the United Kingdom’s Right Secretary of State for Science, Innovation and Technology, the Honourable Michelle Donelan.…

Boosting R&D and productivity and investing in AI and in a net-zero economy The new federal budget, Fairness for Every Generation, was published by the Ministry of Finance on April 16, 2024, following the speech by Finance Minister Chrystia Freeland. In the context of lowering inflation rates and small GDP growth, with its budget, the…

The Ministry of Finance unveiled the new Ontario Economic Plan on March 26, 2024, subsequent to the address delivered by the Finance Minister, Peter Bethlenfalvy. The new budget outlines the Ontario government’s key objectives, which include managing the inflation of living costs, enhancing government services, and promoting economic growth in Ontario through significant investments. Additionally,…

Revising fiscal measures, prioritizing health, education, and state services The new Budget Plan for Quebec was published by the Ministry of Finance on March 12, 2024, following the speech by the Minister of Finance, Eric Girard. The government of Quebec aims to prioritize health and education, with significant investments to provide Quebecers with quality public…

Sometimes knowing how to complete all the requirements for the tax schedule can be challenging – so some companies decide to enlist the help a consultancy to better organize and make sure they provide all the necessary documents and procedures, especially in the case of benefits such as the SR&ED. SR&ED Created by the Government…

Nowadays, investing in innovation is essential for a country’s economy and development. Therefore, the Government of Canada has many programs related to Research and Development (R&D), offered to help companies, with the two most popular being the Scientific Research and Experimental Development (SR&ED) and the Industrial Research Assistance Program (IRAP). Although both are programs created…