Suzanne M. Benoît, president of Aéro Montréal. Photo: Aero MontrealClick image to enlargeQuebec-based aerospace think tank Aéro Montréal is giving a passing grade to the Quebec provincial budget, thanks to an important tax credit.

The budget commits to support the productivity and competitiveness of Québec companies in an effort to create an environment conducive to investment, innovation and a stronger, green economy.

With 75 per cent of Québec companies deemed to have a low level of technological maturity, the government plans to introduce a tax credit for investment and innovation.

The tax measure earmarks $526 million over five years to support companies in the digital shift, promote the modernization of manufacturing equipment, and to increase the use of automated processes.

Aéro Montréal says about 10,000 companies stand to benefit from the initiative.

To encourage the commercialization of Québec innovations, enhance the competitiveness of companies and enable them to stand out on the international stage, the government announced the introduction of the incentive deduction for the commercialization of innovations (IDCI). Over the next five years, the financial impact of this measure would be $91.8 million.

The government also gave a nod to Québec SMEs by proposing a capital synergy tax credit aimed at encouraging established businesses to invest in the capital stock of local SMEs.

Another $1.3 billion will be allocated to promote the “decarbonization” of businesses while ensuring their competitiveness.

"In the face of the labour scarcity challenge currently affecting the aerospace industry, Aéro Montréal applauds the fiscal measures planned to improve the productivity of Québec businesses," said Suzanne M. Benoît, president of Aéro Montréal. "By placing the fight against climate change at the heart of its concerns, the government is also underscoring its desire to make Québec a leader in innovation and encouraging the aerospace industry to multiply its efforts to be a key player in this energy transition and contribute to a green economy."

Aéro Montréal is a strategic think tank that groups all major decision makers in Québec's aerospace sector, including companies, educational and research institutions, as well as associations and unions.

Tackling challenges

by Mary Scianna

Shop Metalworking Technology’s 2nd annual Job Shops Roundtable sheds light on the highs and lows of operating a manufacturing business in Canada

A new twist in robotics for the future: animals

When we envision the factory of the future, we typically think of human-like robots. But for some, that vision of the future includes robotic animals.

EDC predicts good 2019 for Canadian exports

Export Development Canada (EDC) has released its fall Global Export Forecast, and expectations for 2019 show solid export growth.

Stratasys, Creaform form partnership


3D printing and additive manufacturing supplier Stratasys Ltd., and Levis, QC-based Creaform, a supplier of portable 3D mesurement solutions, have formed a joint marketing partnership in North America.

Bystronic inks deal to offer nitrogen generation technology

Bystronic Inc. has entered into an agreement to sell MSS Nitrogen Inc. nitrogen generation and mixing products in the North American market.

Ottawa backs Toyota’s Ontario plant investment

Prime Minister Justin Trudeau has announced a $110 million investment to support Toyota Motor Manufacturing Canada's $1.4 B investment in its plants in Cambridge and Woodstock, ON.

Ontario invests in manufacturing businesses

Ontario is helping three companies, two of them in the metal product manufacturing industry, grow their businesses by providing financial support to help them create 46 new jobs and retain 176 existing jobs in Southwestern Ontario.

GM, Lockheed Martin to build new moon rover

Lockheed Martin and General Motors Co. have been contracted by NASA to build the next generation of lunar vehicles to transport astronauts on the surface of the Moon.

ABB DC charger supports EVs in Ontario

Community-owned energy company PowerStream unveiled ABB's Terra 53 multi-standard DC fast charger at the company's Vaughn, ON, head office. The ABB fast charger is part of PowerStream's vehicle-to-grid technology initiatives.

Coming together in crisis

Manufacturers are a focused bunch, with their attention firmly placed on producing high quality products at the best possible margins.

Federal Budget 2014: Is it Enough to Spur Manufacturing Growth?

The 2014 Federal Budget follows up on some of the initiatives outlined in the 2013 budget with more support for apprenticeship training and job creation, additional funding to strengthen the automotive sector and ongoing tax incentives to encourage business investments in the country.

Italian machine tools see modest increase

The Italian machine tool industry saw a modest rise in exports of machine tools, but domestic demand remained flat in the fourth quarter of 2013, according to the latest figures from the Italian machine tool association, UCIMU.

Ontario eyes manufacturing to lead the comeback

As the world licks its wounds and begins planning a return to work, the province of Ontario is looking at manufacturing to be its ace in the hole.

Honda helps develop face mask supply chain

Honda worked with two manufacturers seeking to quickly expand their ability to produce face shields.

Glynn Fletcher new head, EOS of North America

Glynn Fletcher has joined EOS of North America as president. 

Stay In Touch

twitter facebook linkedIn