Ontario's Advanced Manufacturing Industry
Shaping the Future
Ontario is a Hub for Advanced Manufacturing
- We've been building machinery and systems for more than 150 years.
- The province is home to thousands of flourishing advanced technology manufacturers and includes makers of components, assemblies and systems.
- Our industry encompasses innovative applications of leading-edge computer numeric control (CNC), computer-integrated manufacturing (CIM), robotics, automation and visioning systems, as well as advanced methodologies like lean manufacturing.
Smart, Skilled - and Ready to Work
- There are 73,000 highly skilled people working in our advanced manufacturing and machinery industry.
- Ontario's 44 universities and colleges produce a steady supply of industry-ready workers thanks to courses developed with input from the private sector and an extensive and focused apprenticeship and co-op network.
- Our advanced manufacturing workers are dependable - on average they stay with a company for nine years.
An Innovative Environment
- We have thousands of researchers conducting research in virtually every area of advanced manufacturing and 30 specialized research centres where industry innovations are tested and refined.
- Materials and Manufacturing Ontario (MMO) - a division of Ontario Centres of Excellence Inc. - works with industry, and university and college research centres to move new products and technologies from the lab to the marketplace.
- Our R&D tax credits are among the most generous in the world.
- the after-tax cost of a $100 R&D expenditure is less than $41 at eligible research institutes
- R&D deductions can be carried forward indefinitely
More Costs qualify for Tax Credits in Ontario
| | Ontario | United States |
| Wages and salaries | X | X |
| Capital equipment | X | |
| Materials | X | X |
| Overhead | X | |
| Contract expenses | X | 65% to 75% |
A Positive Investment Climate
- Ontario is cost competitive when it comes to business expenses, including wages and benefits, payroll tax rates, corporate tax rates, utility costs and real estate. We also have low inflation and interest rates - and a favourable exchange rate.
- Ontario's combined provincial and federal income tax rate is four percentage points below the average of the U.S. Great Lakes states - and we're phasing out capital tax.
- Employee health care benefits cost Ontario manufacturers about half as much as their U.S. counterparts - 6.8% versus 13.2% of wages.
- All the necessary infrastructure is in place and Ontario has less red tape than any G7 country, including the U.S.
- Ontario's new Apprenticeship Training Tax Credit refunds 25% of wages or salaries of eligible apprentices for the first 36 months of the training program to a maximum value of Cdn $15,000.
- International firms establishing or expanding operations in Ontario can transfer key overseas personnel - and spouses can apply for their own work permits, something that can't be done in many other jurisdictions.
A Strategic Location
- We're part of a huge (420 million people), affluent ($12.3 trillion GDP) North America Free Trade region where products move freely across borders.
- Our advanced manufacturers have easy access to the U.S. market.
- Our highway network is linked to U.S. routes at 10 border crossings, and railway lines meet the U.S. at five crossings.
- Ontario has three international airports - the largest is Toronto's Pearson International where more than 65 airlines provide daily service to
43 cities in the U.S. and 42 cities abroad.
- The Great Lakes St. Lawrence Seaway, accessed via 40 provincial and interstate highways and nearly 30 railway companies, provides passage for large ocean-going vessels.
Bottom Line?
Ontario is uniquely equipped to meet the needs of the fast-paced advanced manufacturing industry.
We have the people. The technology. The vision. The location.
Let us help you
Call:
1-800-819-8701
(North America)
00-800-46-68-27-46
(U.K. and Europe)
Email:
info@2ontario.com
Or visit us at:
www.2ontario.com
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