INVESTING IN MANUFACTURING IN CANADA
The Canadian advanced manufacturing sector, which encompasses robots, 3D printing, and ICT technologies, benefits from one of the best research and development (R&D) environments in the world, as well as an abundance of easily available expertise. Canada, as a global leader in system integration, artificial intelligence (AI), sensors, machine vision, and automation, promotes the integration of Industry 4.0 technology into manufacturing operations.
General Motors Company's Executive Vice President of Global Product Development, Purchasing, and Supply Chain, Mark Reuss, stated that Canada was chosen for its clear capability for innovation, proven talent, and robust ecosystem of top institutions, start-ups, and innovative suppliers.
9.5% CONTRIBUTION TO GDP BY ALL INDUSTRIES IN THE MANUFACTURING SECTOR (2021)
1.74M
MANUFACTURING JOBS (2021)
14TH
CANADA’S RANKING GLOBALLY FOR NEWLY INSTALLED ROBOTS
44%
OF CANADIANS MANUFACTURERS USE ADDITIVE/3D PRINTING TECHNOLOGIES
WORLD’S SIXTH-LARGEST
COMMERCIAL VEHICLE MANUFACTURER
701
INVESTMENT ANNOUNCEMENTS (2017-2021)
Automobile production in Canada
In 2021, Canada will be the sixteenth largest vehicle-producing nation, producing 1.12 million automobiles annually. Toyota, Honda, General Motors, Ford, and Fiat Chrysler have all established operations.
in Canada in order to leverage the country’s manufacturing skills and manpower pool. The Canadian automobile industry benefits from stable trade lanes that provide access to North American markets and well-established supply chains.
CANADIAN MACHINERY AND EQUIPMENT
The machinery and equipment business in Canada benefits from robust activity in machinery-intensive industries including agriculture and natural resources. These essential areas, which are highly concentrated in the Prairies of Canada, provide a constant demand for Canadian machinery and equipment makers.
DANGEROUS CHEMICALS IN CANADA
All five of the world’s five largest chemical generating corporations have invested in Canada’s chemical industry. To take advantage of Canada’s abundance of natural resources, innovative manufacturing capabilities, and low business costs, chemical firms consistently opt to establish operations in Canada.
Advanced manufacturing technology investment
Traditional manufacturing is being disrupted by innovation, and early technology adopters are leading the shift. Canadian businesses have extensive additive manufacturing experience. According to EY’s Global 3DP Survey of 900 organizations from 13 countries, Canada ranks third in terms of 3D printing experience.
INCENTIVES
Canada offered federal tax advantages as part of the Accelerated Investment Incentive, which include an instant 100% write-off for newly bought manufacturing and processing equipment. Moreover, Canada is the first G20 nation to establish a tariff-free zone for industrial firms, allowing investors to import modern machinery and equipment duty-free from their parent companies.
Connecting manufacturers, technology providers, researchers, schools, government, investors, and business networks, the Advanced Manufacturing (NGen) Supercluster accelerates the creation and adoption of next-generation manufacturing technologies. About the next decade, it is predicted to contribute over $13.5 billion to Canada’s GDP.
The Scientific Research and Experimental Development (SR&ED) Program offers tax credits and reimbursements for R&D expenses in Canada.
The Strategic Innovation Fund (SIF) bolsters corporate investments in Canada’s most active and innovative industries by funding the following business activities:
R&D projects
Firm expansion
Large-scale, global-investment attractiveness
Collaborative demonstrations of technology
Adoption of clean technology and decarbonization
The first step towards moving to Canada is to get an assessment of your specific situation. Call us today at +1 613.222.7154 for an assessment to see if you are eligible to move to Canada, or fill out our online assessment form.
