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The Ontario Technology Corridor Advantage. 2 London Niagara Region London Niagara.

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Presentation on theme: "The Ontario Technology Corridor Advantage. 2 London Niagara Region London Niagara."— Presentation transcript:

1 The Ontario Technology Corridor Advantage

2 2 London Niagara Region London Niagara

3 3 GTA ~ London ~ Niagara ~ Ottawa ~ Waterloo Population:5.5 million Companies:3,300+ Workforce:148,000 Greater Toronto Area and Ottawa Region Population:1.3 million Companies:1800 Workforce:82,000

4 4 GTA ~ London ~ Niagara ~ Ottawa ~ Waterloo Waterloo Region and City of London Population:450,000 Companies:400 Workforce:10,000 Population:500,000 Companies:400 Workforce:15,000

5 5 GTA ~ London ~ Niagara ~ Ottawa ~ Waterloo Niagara Region Population:427,421 Companies:200 Workforce:800

6 6 Top 10 reasons to invest in Ontario 1) Stable, highly talented, motivated workforce 2) Access to the North American market (NAFTA) 3) Openness to diversity and multiculturalism 4) Economic engine of Canada 5) World class research institutions 6) Innovation leadership 7) Low risk business environment 8) Superior infrastructure 9) Business incentives 10) Quality of life

7 7 55% 51% 48% 39% 34% 29% 26% 22% 48% OTCCanadaIrelandJapanU.S.Austrl.FranceUKSwitz.Germany % Ontario Population Age 25-64 with Tertiary Level Education The Ontario Technology Corridor offers one of the worlds most educated populations

8 8 What this means for your tech company: New market opportunities New partnerships New customers New investors New links in supply and production chains New choices for consumers Economic growth High standards of living Ontarios NAFTA advantage

9 9 Openness to diversity and multiculturalism

10 10 The Ontario Technology Corridor represents 90% of the ICT industry in the province. Key Sectors include:software development and services, telecom equipment, digital media, cleantech, microelectronics Gaming is a key component of the Canadian ICT sector, generating between $1.5 and $2.0 billion in revenues in 2007 Home to over 6,000 ICT companies such as: –GTA: Koei Canada Inc., CapCom Interactive Canada, Silverbirch –Waterloo: Research in Motion (Blackberry), Sybase, Open Text –London: Digital Extremes, Big Blue Bubble, Tusk Interactive –Niagara: Silicon Knights, Centre for Advanced Visualization –Ottawa: Magmic Games, Adobe Canada, Head Games, IBM, Fuel Industries, MARS Works, Jaded Pixel, XYG RGB The Ontario Technology Corridor is the economic engine of Canada

11 11 University of Waterloo Wilfred Laurier University University of Toronto Ryerson University York University Brock University University of Western Ontario (Western) University of Ontario Institute of Technology Ontario College of Art & Design (OCAD) Carleton University University of Ottawa Conestoga College Centennial College George Brown College Humber College Seneca College Sheridan College Niagara College Fanshawe College Durham College Algonquin College La Cité collégiale Ontario has world class universities and colleges

12 12 University of Toronto ranked Canadas top research- intensive university with 6 Nobel Prize-winning graduates University of Waterloo ranked Canadas #1 for Best Overall, Most Innovative, and Leaders of Tomorrow comprehensive university in Macleans Business Magazine 2007 survey. It is renowned worldwide for its leading computer science, math, and engineering programs 335 patents in 2007, the GTA ranked 15 th in the world RYAN: ACADEMY AWARD® WINNER FOR BEST SHORT ANIMATED FILM (2005) Ontario – the innovation society!

13 13 Canadas excellent economic fundamentals and political stability provide a first-rate, low-risk business environment: A strong fiscal position Canada is experiencing 2 nd longest period of economic expansion in Canadian history, and has been reducing debt at a record rate Low Inflation and low interest rates Canadas inflation rate is 1.5% lower than the US rate Canadas excellent fiscal situation and low inflation has led to lower interest rates A growing domestic economy Canadas economy is expected to lead the average growth rate in real GDP among the G-7 nations in 2009 Canadas real GDP is expected to grow at 1.2% in 2009 while the U.S. will grow at 0.1% Ontario companies take advantage of Canadas low-risk business and regulatory environment

14 14 Gateway for international trade Ottawa Macdonald-Cartier International Airport Excellent infrastructure for business air travel Toronto Pearson International Airport London International Airport The Region of Waterloo International Airport

15 15 Niagaras border crossings are amongst the busiest in Canada Niagara is one of the busiest Canada-U.S. borders

16 16 The Better Way GO Transit is Canada's first, and Ontario's only, interregional public transit system, linking Toronto with the surrounding regions. The GO system carries more than 50 million passengers a year in an extensive network of train and bus services The Toronto Transit Commissions (TTC) subway system is linked with buses and streetcars that provides a one fare journey around Toronto, Markham, Richmond Hill, Vaughan, Mississauga, Aurora and Newmarket The TTC carries approximately 1.5 million riders on an average business day and uses hybrid buses which use less fuel and have lower emissions than traditional diesel-fuel buses The Corridor is a VIA Rail passenger train service area in the Canadian provinces of Quebec and Ontario The Corridor service area has the heaviest passenger train frequency in Canada Ontario enjoys an established mass transit system

17 17 Ontario has the largest and busiest freeway network in Canada, consisting mainly of 400-Series Highways and supplemented by municipal expressways Ontarios Road and Rail Network Highway and rail systems also well developed

18 18 The Ontario Technology network offers: One of the most extensive telecommunication networks in North America A highly integrated telecommunications network including: -The largest free calling area in North America (416/647/289/905) -100% Digital Telecom Infrastructure -High speed data services -Internet connectivity -Private lines -E-business services Highly integrated telecommunication networks Highly integrated telecommunications network

19 19 G-8s most favourable tax treatment for R&D

20 20 TAX INCENTIVESCRITERIAHOW MUCH Next Generation of Jobs Fund - Companies must help the environment, secure jobs for Ontario, and help establish Ontario as a global leader in an emerging market - Grants of up to 15% in eligible costs Ontario Business Research Institute Tax Credit (OBRITC) - Must incur qualified expenditures in respect of scientific research and experimental development (SR&ED) under an eligible contract with an eligible research institute (ERI) - 20% refundable tax credit for SR&ED expenditures incurred in Ontario under an eligible contract with an ERI. The maximum amount a corporation can claim is $4 million Ontario Innovation Tax Credit - Must carry on eligible SR&ED in Ontario - 10% refundable tax credit for qualifying. Can be combined with OBRITC (above) for a total of 30% Ontario Research and Development Expenditures Deduction - Must carry on eligible SR&ED in Ontario - Allows corporations to exclude from Ontario taxable income the portion of federal investment tax credit that relates to qualifying SR&ED expenditures through Ontario pool calculation on CT23 Schedule 161 Ontario R&D incentives at a glance

21 21 Ontario Media Development Corporation (OMDC) TAX INCENTIVESCRITERIAHOW MUCH Ontario Computer Animation and Special Effects Tax Credit -Computer animation and special effects activities in film or TV production - 20% refundable tax credit for eligible labour expenditures Ontario Interactive Digital Media Tax Credit - Labour, marketing and distribution expenditures for the creation of interactive digital media products - 25% of eligible expenditures; 30% for qualifying small corporations OMDC Interactive Digital Media Fund - Labour expenditures and eligible marketing and distribution expenses claimed with respect to interactive digital media products - A non-refundable contribution of up to $100,000 to a maximum of 50% of the project budget to create a market-ready interactive digital media content product OMDC Video Game Prototype Initiative - The creation of a prototype in order to secure a publisher or attract financing for a market- ready, commercial video game product - A repayable contribution of up to $500,000 to a maximum of 50% of eligible expenses for their prototype OMDC Ontario Sound Recording Tax Credit - Eligible production and marketing costs incurred by a qualifying corporation with respect to an eligible Canadian sound recording - 20% refundable tax credit for eligible sound recording company with respect to an eligible Canadian sound recording by an emerging Canadian artist or group Digital media incentives in Ontario

22 22 Stable ~ Safe ~ Affordable ~ Cosmopolitan Excellent culture and sports facilities

23 23 Stable ~ Safe ~ Affordable ~ Cosmopolitan Canada is a constitutional monarchy Canada has a three-tiered system with Federal, Provincial, and Municipal levels of government Municipal governments are under provincial jurisdiction and governed by an elected mayor and council Canada is a constitutional monarchy Canada has a three-tiered system with Federal, Provincial, and Municipal levels of government Municipal governments are under provincial jurisdiction and governed by an elected mayor and council Safe, stable, and well governed

24 24 Stable ~ Safe ~ Affordable ~ Cosmopolitan With low crime, little threat from instability or terrorism and highly developed infrastructure, Canada has the most liveable destinations in the world - Economist Intelligence Unit (EIU) Great cities and towns offering a great life

25 25 Cost of living survey 2007 OTC Source: Mercer Human Resource Consulting, 2007 London Moscow Cost Index 100 = U.S. Average Very affordable cost of living


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