On April 21st, CTMA representatives met with the Honourable Navdeep Bains, Canada’s Minister of Innovation, Science & Economic Development, to discuss issues affecting the machine, tool, die and mould industry. With very tight time constraints, we sent an advance list of several industry issues, then focused our face-to-face meeting on three items we believe his department could assist with:

  1. Canada is falling far behind on government tax incentives for Industrial Capital Equipment Acquisition. Under the previous government, depreciation on new equipment was 25 percent in year one, 50 percent in year two, and 25 percent in year three. New machinery is now depreciated over eight to ten years. This is a far cry from what the Italian government allows with its super-depreciation of 40 percent on new machine tools and hyper-depreciation of 150 percent on expenses corresponding to Industry 4.0 criteria.
  2. Funding for the reinstatement of the CTMA’s Advanced Software Training Program on a national scale (it ran in Ontario from 2009 to 2012). This program was a tremendous success and helped companies harness the latest technologies and improve competitiveness. It also stimulated new and updated design and machining software purchases.
  3. Scientific Research and Experimental Development (SR&ED) changes have adversely affected smaller companies. The program expects the same level of sophistication from SMEs as that of large ones with full engineering departments and the academic experience to manage and report their projects. SMEs have projects that qualify under SR&ED, but without the sophisticated engineering and academic resources, they do not apply for, nor receive, the much needed benefits, placing them at a distinct disadvantage to larger companies.

Minister Bains appreciated the issues we discussed, and we look forward to future developments that will help solve them.

CTMA representatives also recently met with Bryan May, MP for Cambridge, ON, at Mazak Canada’s offices to discuss issues affecting the machine, tool, die and mould industry.

CTMA was pleased to host a very informative event that featured operational best-practices and funding to improve the profitability of automotive manufacturers. Mentor Works Ltd. discussed Canadian government funding opportunities for Canadian automotive suppliers, while the keynote, Harbour Results Inc., put a spotlight on emerging industry trends.

For more information on Harbour Results click here.

For more information on Mentor Works click here.

 

On behalf of our corporate sponsor Deloitte, we are pleased to provide you with their 2017-2018 Ontario Budget Highlights below.

Minister of Finance Charles Sousa presented the 2017-2018 Ontario budget earlier today. To read a summary of the tax highlights, download a copy below:

Download budget highlights

Please note that Deloitte is prepared to provide accessible formats and communication supports upon request.

This publication is produced by Deloitte LLP as an information service to clients and friends of the firm, and is not intended to substitute for competent professional advice. No action should be initiated without consulting your professional advisors. Your use of this document is at your own risk.

Read the latest car news and check out newest photos, articles, and more from the Car and Driver Blog.

The CTMA is pleased to announce we will be hosting the association’s 19th Annual Shot- gun Golf Tournament on Tuesday, June 6th, 2017 at the Pine Knot Golf & Country Club in Dorchester, Ontario.  This successful event has attracted a large number of people from the tool, die, mould and machining industries since it began and we expect this year’s event to be a sell-out once again!

We invite you to take advantage of this opportunity to promote your company and its prod- ucts/services to our members by sponsoring a hole (or part of a hole) during this exciting event.

The day will begin with a Putting Contest and Registration starting at 9:00 am, followed by the shotgun tournament at 10:30 am and a boxed-lunch. The 19th Hole Reception on the club- house terrace, a steak dinner and the awards presentation will complete the day.

GOLF SPONSORSHIP OPPORTUNITIES INCLUDE:

Evening Sponsors: As an Evening Sponsor your donation will support the 19th Hole Re- ception or the Dinner & Awards banquet and includes complimentary registration for a 4some (golf, cart, lunch, reception & dinner). Your company logo will appear on promotional materials & on signage prominently displayed during the event. Your company will also be acknowl- edged during the event and in subsequent publications.

Hole Sponsors: Platinum, Gold, Silver and Bronze packages are available and are detailed on the attached form. All hole sponsors will be recognized on signage at one of the tee-offs around the course as well as in other tournament materials.

Prize Table: Gifts for the prize table are also welcome (suggested minimum value of $50). If you would like to make a cash donation, we will purchase a prize in your name.

Your support would be greatly appreciated. If you can assist us, please complete and return this form, use the controls below or contact Julie at the CTMA office info@ctma.com or 519-653-7265.

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