Ontario introducing new investment tax credit for manufacturing sector
To attract additional investment in the province’s economy, the Ontario government has announced plans for a new Ontario Made Manufacturing Investment Tax Credit to help local manufacturers grow, innovate, become more competitive and create jobs. Submitted photo To attract additional investment in the province’s economy, the Ontario government has announced plans for a new Ontario Made Manufacturing Investment Tax Credit to help local manufacturers grow, innovate, become more competitive and create jobs. As part of the upcoming 2023 Budget, the government will propose legislation that would, if passed, create a new 10 per cent refundable corporate income tax
CTMA, OCTE begin deliveries of new advanced machinery to 40 high schools
The Canadian Tooling & Machining Association (CTMA) and Ontario Council for Technology Education (OCTE), in partnership with 22 district school boards, will purchase and deliver new, high-tech machine equipment for 40 high schools throughout Ontario. “Our goal is to expose high school students to technology at an earlier age to engage their interest for a career within our industry,” said Robert Cattle, CTMA executive director. “Not only does this expose students to newer technology at an earlier age, but also gives teachers up-to-date equipment to implement in their classrooms.” The equipment deliveries began in November 2022, and