Invista na Região da Grande Toronto. July-August 2015

Transcription

1 Invista na Região da Grande Toronto July-August 2015

2 1 Welcoming Remarks Mayor Bonnie Crombie 2 Reasons to Invest in the GTA Gerald Pisarzowski 3 About the City of Mississauga Susan Amring 4 How to Incorporate your Business Eugene Gierczak 5 GTA Success Story Polaris Ruhul Petkar 6 thinkcanada Oct Thank You! Mississauga City Hall, MISSISSAUGA

3 Welcoming Remarks from the Greater Toronto Area (GTA) Mayor Bonnie Crombie City of Mississauga Public Sector PPP Private Sector Robert Trewartha Chief of Staff Office of the Mayor City of Mississauga Susan Amring Director Economic Development City of Mississauga Gerald Pisarzowski Vice President, Business Development Greater Toronto Marketing Alliance Eugene Gierczak Partner Miller Thomson LLP Rahul Petkar CEO Polaris Software Lab Canada

4 This is Canada Immigration Statistics IMMIGRATION Total Immigration (per year): 258,619 32% Toronto 40% Ontario.01% Retention rate after one year Atlantic 31% Manitoba 32% 14% 14% 4% 5% 40% 20% 2.5% Saskatchewan 44% British Columbia 72% Quebec 41% Toronto 88% Calgary 79%

5 This is Ontario Canada/Ontario Overview Ontario is Canada s economic powerhouse FDI projects relative to population Total number of FDI projects Capital invested through FDI projects (within North America) 1st 3rd 3rd Ontario as a percentage of Canada Population 39% 38% 37% GDP Goods exports Financial services employment High-tech Employment Manufacturing shipments 46% 49% 45% Niagara Falls, ONTARIO

6 About The Greater Toronto Area (GTA) The Greater Toronto Area (GTA) is the largest metropolitan area in Canada GTA Quick Facts Area of 2,700 sq miles (7,000 sq km) 20% of Canada s GDP Population of 6.1 million 14% of Canada s businesses Direct access to Great Lakes 95% of North America s fresh surface water

7 About the GTA Ontario & the GTA: Committed to investing in infrastructure Since 2003, the government of Ontario has invested $62 billion in infrastructure. The province has not had this level of investment since the post-war era; when many of the foundations of our current infrastructure, including the Toronto subway and the 400-series highways, were first laid.

8 About The Greater Toronto Area (GTA) The population of the GTA is forecasted to increase from 6.1 million to 9.2 million by This will account for almost two-thirds of Ontario s net population growth. Toronto, 2004 Toronto, ,211 High-rise buildings Toronto, 2023 Source: Scott Dickson, Creative Director

9 About the GTA Building today: Infrastructure projects in the GTA This map provides information on completed or soon to be completed infrastructure projects in the GTA, including: highways, roads, and bridges schools, colleges and universities hospitals community centers and recreation projects. Click here for more information

10 About the GTA Construction Growth: Toronto skyline WHITE = the project has had preliminary renders RED = the project has submitted an application to the city GREEN = the project has been approved, but has yet to start construction YELLOW = the project is currently in sales BLUE = the project is currently under construction There are 169 high-rise buildings under construction in the city. Toronto has the most high-rise cranes for any city in all of North America. Held across the GTA, the 2015 Pan Am Games has required construction of many venues..

11 About the GTA: Waterfront Toronto project Waterfront Toronto is undertaking one of the largest waterfront revitalization initiatives in the world with the transformation of 800 hectares of formerly industrial, underused lands into new showcase mixed-use communities. The revitalization of Toronto's waterfront is a 25 to 30 year project The revitalization effort is backed by a $1.5 billion tri-government investment Source: Waterfront Toronto In the next few years, there will be opportunities in East Bayfront, West Don Lands and the Lower Don Lands. Visit for more information

12 About the GTA Key GTA infrastructure projects under construction Name Project Description Estimated Cost (Cdn $) Status Halton Healthcare Services - New Oakville Hospital The new Oakville hospital will be a state-of-the-art facility and include a full range of health services such as complex continuing care, rehabilitation and acute care. $2 billion Under construction Highway 407 East - Phase One The Highway 407 East Extension project will be completed in two phases. Phase one extends the highway by about 22 kilometres from Brock Road in Pickering to Harmony Road in Oshawa and connects Highways 407 and 401 with a 10-kilometre link. The new link is called West Durham Link. $1 Billion Under construction Humber College Institute of Technology & Advanced Learning The Humber College infrastructure project involves the construction of a new Learning Resource Commons, an academic support and student services facility that will be built on the college s North Campus. $84.2 million Under construction Humber River Regional Hospital The new Humber River Regional Hospital includes construction of a new facility on a new site in north-western Toronto, one of the most culturally diverse and fastestgrowing communities in Canada. Once completed, the Humber River Regional Hospital will offer a comprehensive range of services to support inpatient and outpatient programs. $1.75 billion Under construction Markham Stouffville Hospital Markham Stouffville Hospital (MSH) is the community hospital for Markham, Stouffville and Uxbridge, with two sites located in Markham and Uxbridge. The redevelopment project includes a four-storey addition that will add 385,000 square feet doubling, the size of the MSH facility. $200.4 million Under construction Public Health Laboratory at MaRS Centre Women's College Hospital The project involves building Public Health Ontario s new Toronto public health laboratory at MaRS Centre Phase 2. The new laboratory, which will replace an existing facility located in the west end of Toronto, will be constructed within the top four floors of the Phase 2 Tower at the MaRS Centre in downtown Toronto. The Women s College Hospital redevelopment project involves the construction of a new 630,000 square foot hospital on the hospital s current Grenville Street site in downtown Toronto. $54 million Under construction $460 million Under construction

13 About the GTA Key GTA infrastructure projects: Requests for Proposals Open Company Project Estimated Cost (Cdn $) Casey House Facility Replacement Project Casey House is a treatment facility for people with HIV/AIDS. The Casey House redevelopment project will provide more efficient, seamless care by consolidating all programs and services under one roof. The project involves renovating an existing heritage property at 571 Jarvis Street and incorporating a new 48,000-square-foot facility that will be built at 119 Isabella Street. N/A Status RFP open Trillium Health Partners: Credit Valley Hospital Priority Areas Redevelopment Project Trillium Health Partners is one of the largest community-based acute care facilities in Canada. Comprised of Credit Valley Hospital, the Mississauga Hospital and the Queensway Health Centre, Trillium Health Partners serves the growing and diverse populations of Mississauga, West Toronto and surrounding communities. Trillium Health Partners is a research and teaching hospital affiliated with the University of Toronto Mississauga and the Mississauga Academy of Medicine. N/A RFP open Eglinton Crosstown LRT The Eglinton Crosstown will run across Eglinton Avenue between Mount Dennis (Weston Road) and Kennedy Station. The 19-kilometre corridor will include a 10-kilometre underground portion, between Keele Street and Laird Drive. It will have 25 stops and stations, linking to bus routes, three subway stations and various GO Transit lines. N/A RFP open ErinoakKids Centre for Treatment and Development The redevelopment project will provide new facilities that will allow ErinoakKids to consolidate programs and services from nine existing sites to three new sites that will be purpose-built for special-needs children. The main facility will be approximately 160,000 square feet and will be located in Brampton, with the other two sites in Mississauga and Halton, each approximately 62,000 square feet. N/A RFP open Joseph Brant Hospital The project will include the construction of a new, six-storey patient-care tower and significant renovations to existing space. The project will also result in the construction of a new, stand-alone power plant that will serve the expanded facility. N/A RFP open

14 About the GTA Key GTA infrastructure projects: Requests for Proposals Open Company Project Estimated Cost (Cdn $) Status Sheridan College Hazel McCallion Campus (Phase II) The Sheridan College Hazel McCallion Campus, which opened in September 2011, provides a creative, collaborative learning environment for students, refection Sheridan s Creative Campus concept. The Phase II expansion project will involve the design and construction of a new facility on the existing campus in Mississauga. N/A RFP open St. Michael's Hospital The project will include the construction of a new 17 storey patient-care tower at the corner of Queen and Victoria Streets, and the renovation of approximately 150,000 square feet of existing space. Highway 407 East Phase 2 The Highway 407 East Phase 2 project will: extend Highway 407 about 22 kilometres from Harmony Road in Oshawa to Highway 35/115 in Clarington. connect Highways 401 and 407 East with a 10-kilometre East Durham Link that will serve as a north-south freeway; provide eight new interchanges, as well as, three freeway-to-freeway connections to Highway 407 East and Highway 401 York Viva Bus Rapid Transit Expansion from the East Durham Link and Highway 35/115 This phase of the vivanext rapidways is being delivered using the AFP model. Once the AFP contract is awarded, York Region Rapid Transit Corporation (URRTC) will continue to project manage all day-to-day construction operations and York Region will operate YRT/Viva service. Metrolinx will retain ownership of the assets. N/A TBD TBD RFP open RFQ open RFQ open

15 About Greater Toronto Marketing Alliance How we can Help! The GTMA: Provides economic, sectoral and community profile information Makes the competitive business case for investing in the GTA Introduces investors to key public sector officials and private sector companies Coordinates meeting itineraries and visitation programs 9:00 am 9:30 am 10:00 am 11:00 am 12:00 pm 1:00 pm 1:30 pm 2:00 pm 3:00 pm 4:00 pm 5:00 pm Personalized 1-2 Day Programs Welcome to GTA Breakfast Meet with Government Officials How the GTA can fit in your investment plans GTMA How to incorporate your business Legal Firm How to file for tax and access credits Accounting Firm GTMA-hosted Lunch How to apply for business immigration Immigration Law Firm How to access the GTA labour force Human Resource Firm How to set-up a corporate bank account Financial Institution How to acquire office space Real Estate Agent How to access North American customers Marketing Agency Adjourn

16 About Greater Toronto Marketing Alliance: Strong Partnership The GTMA leverages the expertise of our partners to drive value to potential investors PRIVATE/ACADEMIC-SECTOR PARTNERS Business Legal Miller Thomson LLP Lette LLP Business Immigration Green and Spiegel Barristers & Solicitors Accounting Services KPMG PwC Isabella Bertani Collins & Barrow Commercial Real Estate, Construction & Facility Management DTZ a UGL Company Herman Miller TSI International Group Inc. Marketing & Communications thinkcompass Syntropy Group Chambers of Commerce German Chamber of Industry and Commerce Italian Chamber of Commerce of Ontario Human Resource Ian Martin Group HR Options Financial Services Scotiabank National Bank of Canada HSBC GE Capital Utility Services Ontario Power Generation Enbridge Gas Distribution Inc. Transportation Services Metrolinx Greater Toronto Airports Authority Information Technology Services INSIX Media CISCO Educational Facilities Centennial College of Applied Arts & Technology Durham College University of Ontario Institute of Technology York University PUBLIC-SECTOR PARTNERS Peel Region City of Burlington Town of Halton Hills Town of Milton Town of Oakville Town of Aurora Town of Newmarket Town of Richmond Hill Town of East Gwillimbury Town of Georgina Township of King City of Markham City of Vaughan Town of Whitchurch-Stouffville Town of Ajax Township of Brock Municipality of Clarington City of Oshawa City of Pickering Township of Scugog Town of Whitby Township of Uxbridge City of Toronto

17 Results: Our Success and Global Reach To-date, the GTMA has helped 127 foreign companies start operations in the GTA New Investments Have Resulted In : Over 4,980 new direct jobs. Approximately 3 million sq. ft. of occupied office and manufacturing space Over $9 million annually in property taxes Over $547 million annually to GTA s GDP. Giving a boost to GTA sectors: Business Services / Energy / Finance / HR / ICT / Agri-Food / Life Science / Digital Media / Advanced Manufacturing / Retail / Warehouse / Packaging to name a few. *Based on estimates given by the City of Toronto (2013): $3/sq ft and $110,000/employee

18 Brazil-Canada Relations Bilateral Relations MAJOR NEGOTIATIONS AND AGREEMENTS: Canada-MERCOSUR Exploratory Trade Discussions Canada-Brazil Science, Technology and Innovation Agreement International Science and Technology Partnerships Program Air Transportation Agreement Double Taxation Agreement Nuclear Cooperation Agreement June 2011: The University of Western Ontario and the University of Toronto announced creation of a funding program with the Sao Paulo Research Foundation to enhance support for research collaborations between investigators in Brazil and Canada.

19 Brazil-GTA Relations 42% of Brazilian population in Canada resides in the GTA. 15,755 Brazilians in Canada 9,595 in Ontario & 6,610 in GTA Brazilfest - Canada s largest Brazilian culture event Toronto's Brazilian Carnival Ball is the largest and most spectacular annual Brazilian gala in the world. Grupo Brasil Association: Established in 1970s Brazilian-Canadian Association of Toronto: Established in 1993, BrazilNet Association: Established in 1994 Brazilian WAVE magazine (published in Toronto, Ontario) The Brazilianist Online Magazine Julio Cesar, Brazil s National club goalkeeper is now a member of the Toronto Soccer Club

20 Brazil-GTA Relations Brazil companies in Ontario & the GTA Major Brazilian companies have already established operations in Ontario; Mid-sized companies are beginning to consider Business opportunities in North America. Companies incorporated with assistance from the GTMA Major Brazilian companies in the GTA Silas (Seasons Automation)

21 Brazil-GTA Relations GTMA Activities in Brazil since 2010 Multiple visits each year to meet with companies interested in expanding into the GTA. Attending major trade shows such as APAS, SIAL and Futurecom. Signed (or developing) MOUs with: Federation of Industries in Paraná (FIEP) in Curitiba Federation of Trade and Services of Rio Grande do Sul (FEDERASUL) União Brasileira de Educação e Assistência (UBEA), the Pontifícia Universidade Católica do Rio Grande do Sul (PUCRS) through its through its Science and Technology Park (TECNOPUC) Federation of Industries for the State of Rio Grande do Sul (FIERGS) Federation of Industries from the State of Rio de Janeiro (FRIJAN) In 2014, supported the Government of Ontario in opening its newest International Marketing Centre (IMC) in São Paulo, Brazil, to help promote the province as a North American leader in international trade and investment.

22 Key Industries in the GTA The GTA s broad industrial base and strength across sectors GTA Industry ICT Financial Services Food & Beverage Life Science Automotive & Advanced Manufacturing Film & Media Design North America Ranking 2 nd 2 nd 2 nd 3 rd 3 rd 3 rd 3 rd GTA Key Players... and supports cross-cluster collaboration that often leads to innovation

23 Reasons to Invest in the GTA: People and goods move quickly and seamlessly in and out of the GTA Toronto Pearson International Airport is Canada s busiest airport, processing over 45% of Canada s air cargo. Pearson offers non-stop and same-plane service via 75 carriers to 180 destinations worldwide. Billy Bishop Toronto City Airport is located conveniently on Toronto Islands, just off of Downtown Toronto. Welcoming more than two million business and leisure travellers each year and offering service to over 18 cities in Canada and the U.S. The GTA placed 2 nd in transportation and infrastructure among 27 global cities. Public Transportation All riders can use the PRESTO fare payment system to connect easily with various GTA transit routes: GO Transit, Toronto Transit Commission (TTC), Brampton Transit, Brampton s Z m, Burlington Transit, Durham Region Transit, MiWay (Mississauga Transit), Oakville Transit, Milton Transit, York Region Transit and VIVA Highway system Extensive highway system connects the GTA to the North American market (400 series highways: 401, 403, 400, 404, 410, 407 ETR, and QEW).

24 Reasons to Invest in the GTA: The GTA s multicultural population stimulates a welcoming and rich business environment One of the world s most international cities; 50% of population born outside of Canada. Over 163 languages and dialects are spoken in the GTA In 2011, The GTA continues to be a national hub for new immigrants into Canada and is one of the major contributors to GTA s economic strength relative to other Canadian cities. Chinese Other Italian Punjabi Spanish Dutch Ukrainian German Vietnamese Greek Polish Arabic Tagalog Portugese

25 Reasons to Invest in the GTA: The GTA is home to 8 Universities and 6 Colleges The GTA possesses the most educated workforce in the G8 64% of the Ontario labour force aged holds a post-secondary degree or equivalent. Sample of academia-industry collaboration and partnerships: Centennial College sent animation, media and fine arts students to Toronto based Bitstrips for four months to create art assets for the popular web tool. UOIT s Automotive Centre of Excellence (ACE) is the first testing and research centre of its kind in Canada, and in many respects the world. Sheridan College and Brampton robot maker ABB Canada created a new Robotics Centre Sheridan s Brampton campus. Durham College, DURHAM REGION

26 Reasons to Invest in the GTA: Companies in every sector are leveraging the GTA s R&D advantage to develop breakthrough technologies, products and services The GTA is Canada s biggest centre of innovation, 35% of all R&D conducted in Canada takes place in the GTA GTA Leaders of Innovation Magna International Atomic Energy of Canada Ontario Power Generation Inc. IBM Canada Ltd. Open Text Corporation Ericsson Canada Inc. TELUS Corporation Bell Canada Enterprise Inc. Rogers Communications Inc. 360 Incentives Search Engine People GlaxoSmithKline Canada Hoffman La Roche Sanofi-Pasteur MDS Inc. After-Tax Cost of $100 R&D Expenditure, Small and Medium Sized Manufacturers, 2013 Gross expenditure Actual after-tax expenditure Note: data as of June R&D expenditure (general) R&D expenditure (at eligible Ontario research institutes) $ $ $50.54 $39.31 Sources: Ontario Ministry of Finance and Canada Revenue Agency Reference: Scientific Research & Experimental Development (SR&ED) Ontario Business Research Institute Tax Credit (OBRITC)

27 Reasons to Invest in the GTA: The GTA has an incredible cost advantage when compared to other fast growth economies Business Costs are 7.2% lower in Canada than in the USA Cost Comparisons Between Canada and Other Economies Combined Federal-Ontario General Corporate Income Tax Overall Results: US = Germany United States Australia Japan Italy France United Kingdom Netherlands Canada Mexico Index Ontario s combined federal Provincial corporate income tax (CIT) rate is lower than the average of G8 and G20 countries and lower than the average federal State CIT rate in the USA. SOURCE: KPMG, Competitive Alternatives, 2014 SOURCE: Ontario s Ministry of Finance 2013

28 Reasons to Invest in the GTA: The World Economic Forum rated Canada s banking system as the soundest in the world for five years in a row The GTA is a banking and investment capital, with the highest concentration of financial services in Canada. Top 10 global financial centres in 2012 Rank City 1 New York The GTA is home to: 10 domestic banks and 39 foreign bank subsidiaries and branches. Headquarter of 89% of the foreign banks operating in Canada: American Express, Citco, Goldman Sachs, ICICI Bank, ING Direct, Northern Trust, UBS and many others. The Toronto Stock Exchange, ranked 8th largest in the world based on domestic market equity capitalization, and the world leader in mining industry financing 2 London 3 Singapore 4 Frankfurt 5 Hong Kong 6 Dubai 7 Toronto 8 Sydney 9 Amsterdam 10 Paris Source: The Banker s IFC Rankings, September 2012

29 Reasons to Invest in the GTA: Located within an 800 kilometre (500 mile) radius of 139 million customers Location for 40% of Canada s headquarters. Located within 90 minutes flight of: New York Chicago Boston Washington

30 Reasons to Invest in the GTA: Recently recognized as THE TOP performer across a range of global benchmark studies Ranked as the 2015 World s Best Place to Live by The Economist Recognized as the 2015 World s Most Livable location for North Americans by ECA International Ranked as the 2014 World s Most Resilient City by the Grosvenor Group Report Ranked as the 2014 World s Most Youthful City by the YouthfulCities 2014 Index 1. Toronto 2. Montreal 3. Stockholm 4. Amsterdam 5. San Francisco 6. Melbourne 7. Zurich 8. Washington DC 9. Sydney 1. Toronto, Canada 2. Dublin, Ireland 3. Copenhagen, Denmark 3. Zurich, Switzerland 3. Ottawa, Canada 3. Vancouver, Canada 7. Bern, Switzerland 7. Stockholm, Sweden 1. Toronto 2. Vancouver 3. Calgary 4. Chicago 5. Pittsburgh 6. Stockholm 7. Boston 8. Zurich 9. Washington DC 10.Atlanta 1. Toronto 2. Berlin 3. New York 4. Dallas 5. Paris 6. Chicago 7. London 8. Los Angeles 9. Tokyo 10.Seoul These results confirm why Toronto was awarded the 2015 Pan American Games The 2015 Pan American Games, or 17th Pan American Games, is a major international multisport event is scheduled to be held from July 10 26, 2015 in Toronto, Ontario.

31 About the City of Mississauga Susan Amring, CEc.D., Ec.D. Director, Economic Development T ext.5014 susan.amring@mississauga.ca twitter.com/@mississaugaedo City of Mississauga City Manager Economic Development Division

32 Mississauga is a young, vibrant, and thriving city in the heart of one of the most exciting and prosperous regions in North America.

33 THRIVING & looking to the FUTURE 760,000+ population 62,000+ businesses 70+ Fortune 500 Headquarters 1,400 multinational firms 420,000+ jobs Top 10 American City of the Future #4 Business Friendlines s #3 Connectivit y #5 FDI Strategy

34 DIVERSE and Growing Canada s 6th largest city 760, languages spoken in Mississauga

35 Key SECTORS Pharmaceuticals Biotechnology Diagnostics Nutraceuticals Equipment & Devices Health care & Laboratories Automotive Aerospace Clean technologies Multi-modal logistics Food and Beverage Telecommunications Software Development Hardware Manufacturing IT Sales & Service Finance Insurance Real Estate

36 How to Incorporate Your Business in the GTA Eugene J.A. Gierczak, LLB., P.Eng., Registered Patent and Trademark Agent Partner Miller Thomson LLP Scotia Plaza 40 King Street West, Suite 5800 P.O. Box 1011 Toronto, Ontario M5H 3S1 Direct Line: Fax:

37 Establishing a Business in Ontario Incorporation vs Branch Operation Incorporation Direct Investment often through establishment of a corporation Federal (CBCA) or provincial (OBCA)

38 Establishing a Business in Ontario Incorporation Federal corporation Entitled to use its name in every jurisdiction Must register to operate in a particular jurisdiction Provincial corporation Must clear its name in each jurisdiction Generally must register to operate in every other jurisdiction Trademarks Many jurisdictions have resident director requirements OBCA and CBCA 25% If company has no resident Canadian, MT can provide the resident Canadian director (requires executive committee approval, indemnity and insurance) Can put in place a unanimous shareholder declaration taking away the powers

39 Establishing a Business in Ontario Incorporation vs Branch Operation Branch operation Possible alternative to incorporation Register as a foreign corporation to COB in Ontario as a branch Require a local agent for service MT can provide a lawyer to perform this service Key: branch is not a separate legal entity with the non-canadian corporation subject to all the liabilities incurred by the branch

40 Establishing a Business in Ontario Incorporation vs Branch Operation If decide to incorporate Complete quickly and inexpensively < 48 hours Virtually overnight federal incorporation is longer Chose and clear the name File articles of incorporation Corporation has all the powers of a natural person No requirement for minimum paid in capital Typically shares are common shares and fully participating

41 Other Corporate Issues Investment Canada Goods & Services Tax HST Health Tax Employment Tax Income Tax Issues Free Trade Agreements NAFTA CETA

42 Intellectual Property Patents Designs Trade-marks Copyright Trade Secrets/confidential information Integrated Circuit Topographies Plant Breeders Rights Technical /Business Information 42

43 GTA Success Story Polaris Software Lab Canada Inc. Rahul Petkar CEO Polaris Software Lab Canada Inc. Tel: GTMA Helps Polaris Software Launch Global Engineering Lab We came to Canada, and specifically the Toronto area, because of the excellent infrastructure and resources available here. Rahul Petkar, CEO Company: Polaris Software Lab Ltd. Industry Sector: Information & Communication Technologies Country of Origin: India Date of Investment: 2007 GTA Presence: City of Toronto and City of Mississauga Nature of Business: Banking, insurance and financial technology application modules and solutions. Investment Profile: Near shore development centre operation with a global performance engineering lab, handling pre-installation, testing and verification. Jobs: 75 employees.

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45 Obrigado! visit us at: Gerald Pisarzowski Vice President, Business Development Greater Toronto Marketing Alliance 350 Bay Street, Suite 1200 Toronto, ON, Canada M5H 2S6 T: M: E: