Northern Development knows that Northern B.C. is a prosperous place for businesses to begin and grow. To support those looking to bolster their business, Northern Development has gathered links to organizations that provide information and/or support to businesses and entrepreneurs in B.C.
Have you used a resource for your B.C.-based business that is missing from the list below? Let us know by sending an email to info@northerndevelopment.bc.ca.
British Columbia has one of the most attractive investment climates for business in North America.
Manufacturers, for example, enjoy benefits such as:
- Strong economic fundamentals and market opportunities associated with major, long-term projects.
- Low tax rates (personal and corporate) that rank B.C. among the lowest in Canada – complemented by sales tax exemptions on machinery and tax credits for research and development expenditures.
- Competitive operating costs including low cost electricity relative to elsewhere in Canada or the U.S.
- Competitive wage rates reflecting a balanced and growing labour pool.
- Growing labour supply with government initiatives that are driving labour mobility into B.C. and training our existing workforce assets.
- Welcoming communities that keenly encourage new manufacturing and service investments.
- Financial support for capital investments and job creation in Northern B.C.
NORTHERN DEVELOPMENT BUSINESS RESOURCE
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Invest British Columbia
Provides information about the incentives that British Columbia provides including: provincial tax credits, exemptions and deductions to encourage business investment and innovation.
http://trade.britishcolumbia.ca/Invest/Pages/BusinessIncentives.aspx
New Business Investment and Acquisitions
Canada is one of the world’s most open economies for foreign investment. Canada welcomes and actively encourages investment by non-Canadians, and places few requirements or restrictions on foreign investors.
http://www.ic.gc.ca/eic/site/ica-lic.nsf/eng/h_lk00007.html
BC Provincial Nominee Program
The British Columbia Provincial Nominee Program (BC PNP) accelerates the permanent resident application process for skilled and/or experienced workers, experienced business persons and their family members who want to settle in B.C. permanently. It allows nominees to apply for permanent resident status through Citizenship and Immigration Canada (CIC) under the fast-tracked provincial nominee stream – which can be faster than applying through many federal immigration streams.
https://www.welcomebc.ca/Immigrate-to-B-C/B-C-Provincial-Nominee-Program
Mineral Tax Credits
To encourage new mine development in the province, the new mine allowance provides for an allowance of one-third of the capital costs of new mines and expansions of existing mines that begin production in reasonable commercial quantities before 2016. This means that 133.3% of qualifying capital expenditures can be added to the cumulative expenditure account of the mine.
www.sbr.gov.bc.ca/business/Natural_Resources/Mineral_Tax/allowance-credits-exemptions.htm
Eligible Business Corporation Tax Credits
Tax credits are issued to investors only if the eligible business corporation raised the equity capital under a pre-approved authorization from the Investment Capital Branch and is in compliance with the Small Business Venture Capital Act (the “Act”).
https://www2.gov.bc.ca/gov/content/taxes/income-taxes/corporate/credits/venture-capital
Export Development Canada
Export Development Canada (EDC) is Canada’s export credit agency, offering innovative financing, insurance and risk management solutions to help Canadian exporters and investors expand their international business.
http://www.edc.ca
Canadian Manufacturers & Exporters
The Lean Manufacturing Certificate Program is a six day orogram (6 modules) designed to meet the training needs of companies adopting the ‘lean approach’ to doing business. It provides theory and application of the key lean tools. It is also intended to allow them to better support the lean approach of their companies who are serious about improving profitability through reducing waste.
http://bc.cme-mec.ca
MITACS
MITACS is a federally and provincially funded research network with offices located coast to coast. MITACS brings together academia, industry and the public sector through research and training initiatives to develop cutting edge tools vital to the knowledge-based economy.
http://www.mitacs.ca
Other Online Resources
Small Business BC
www.smallbusinessbc.ca
International Trade Training for Small Business
https://exportnavigator.ca/
Business Grants and Financing – Government of Canada
https://www.canada.ca/en/services/business/grants.html
Canada Business Services
www.canadabusiness.ca/eng/sgc-59/
