Tag Archives: subsidy

Federal Government Provides $3m to Tech Companies in BC

If you are a small or mid size business in British Columbia, Canada, you are in luck. Feds will be providing $3m to help you through the recession due to Covid19 virus.

Economic Development Minister Melanie Joly said that $3m will be distributed between the companies shortly.

According to the federal government, more than 2,500 firms will benefit and more than 1,000 jobs will be created.

The $3m fund is part of $304-million Regional Relief and Recovery Fund announced for Western Canada.

Joly said that this $3m fund shows that federal government cares about BC and their technology advancements.

$3m feels like a drop in the bucket considering a lot of small tech companies are out of money and laying off their employees, but better than nothing.

Federal Government Starts Subsidies on Electric Cars across Canada

If you are shopping for electric cars, today is a great day to buy one as the government of Canada starts subsidizing electric cars across Canada no matter where you are in Canada, British Columbia to PEI.

We have recently written about the $5,000 subsidy and criticized the government for only providing subsidies on cars less than $45,000 therefore eliminating Tesla from the subsidies. Government has listened to us as well as other publications and decided to up their subsidy to $55,000 instead.

With this new increased subsidy you can buy Tesla 3 for $5,000 less. The eligible Tesla according to the government website is: 2019 Tesla Model 3 Standard Range or Standard Range Plus.

The Tesla 3 model now sells for $48,310 therefore you will pay only $43,310 if you decide not to upgrade anything. Even if you upgrade it – make sure only up it to $55,000 to be eligible for $5,000 subsidy. For example the upgrade to autopilot will cost extra $6,600 for a total of $54,910. It will be definitely worth it.

If Telsa is not your thing you can also check out other cars that are being subsidized by the Canadian government. The list of eligible vehicles under the iZEV Program is here and includes amazing cars like Audi A3 Sportback e-tron , Honda Clarity Plug-in Hybrid and Volkswagen e-Golf.

For example if you want to buy VW eGolf with 201km range – it will cost you
$36,720 minus $5,000 or $31,720.

This will definitely help people considering buying electric cars across Canada. In Ontario, the newly elected provincial government of Doug Ford, has killed off the electric cars’ provincial subsidies and the sales decreased. Provincial subsidies are still running in Quebec and British Columbia.

You can see all subsidized cars below and their subsidies.

Model YearMakeModelTrim
2018AudiA3 Sportback e-tronProgressiv Technik
2018/ 2019ChevroletBoltLT (2LT) Premier (2LZ)
2018/ 2019ChevroletVoltLT (2LT) Premier (2LZ)
2017/ 2018/ 2019ChryslerPacifica HybridTouring Premium Platinum
2018FordFusion EnergiSE Luxury Titanium Platinum
2019FordFusion EnergiSEL Titanium
2018FordFocusElectric
2019HondaClarity Plug-in HybridBase Touring
2019HyundaiIoniq ElectricPreferred Ultimate
2019HyundaiIoniq PHEVPreferred Ultimate
2019HyundaiKona ElectricPreferred Ultimate
2018/ 2019HyundaiSonata PHEVUltimate
2019KiaNiro PHEVEX Premium SX
2019KiaNiro EVSX Touring EX
2017/ 2018/ 2019/ 2020KiaOptima PHEVEX EX Premium
2017/ 2018/ 2019/ 2020KiaSoul EVEV EV Luxury EV Sunroof
2020KiaSoul EVEV Premium Limited
2018/ 2019/ 2020MINICountrymanCooper S E All4 Cooper SE All4
2018/ 2019MitsubishiOutlander PHEVSE-Base SE Limited Edition SE Touring GT
2018/ 2019NissanLeafS SV SL
2019NissanLeaf PlusS SV SL
2019TeslaModel 3Standard Range Standard Range Plus
2018/ 2019ToyotaPrius PrimeBase Upgrade Technology
2019Volkswagene-GolfComfortline
2018/ 2019smartEQ fortwo cabriolet
2018/ 2019smartEQ fortwo coupe
2018smartfortwo electric drive cabriolet
2018smartfortwo electric drive coupe

Canadian Government To Subsidize Electric Cars

In Canada, the government has decided to introduce $5,000 subsidy when you buy an electric car anywhere in Canada to get more people to buy electric vehicles.

In order to get the subsidy your electric car has to cost less than $45,000.

Provinces like Quebec and British Columbia have already subsidies for electric cars, but this will be the first federally run subsidy for electric cars. Canadian government has finally decided to launch the subsidy after few years of deliberations.

As discussed now, government will subsidy electric cars over the next 3 years at a cost to them of approximately $300m.

IF you are looking to get the newly launched Tesla, unfortunately you will be out of luck. The new Tesla Model 3 are priced at $47,000 ($2,000 more than allowed) and the Canadian government will not subsidize it. However you will be able to get cars like Nissan Leaf, Chevy Bolt EV and Hyundai Ioniq Electric.


The government also talks about their “investment in Canada’s domestic auto industry so that it can become a global leader in zero-emission transportation manufacturing.” Government is also providing subsidies to businesses that want to create businesses related to electric vehicles.

The government will also be investing around $130m to put more electric charging stations across Canada.

Tesla Takes Ontario to Court and Wins

Ontario judge ruled that new conservative government in Ontario had no right to cancel electronic car rebates against Tesla and other manufacturers.

What this means is that Ontario government has no right to block people to apply for Electric and Hydrogen Vehicle Incentive Program (EHVIP) rebates.

If you have not purchased Tesla yet now is a good time to do it.  Even though the Ontario judge unblocked the rebates for now , they are set to expire on September 10 as per old Liberal government deadline. You can be eligible for $14,000 rebate. But keep in mind, in order to qualify for rebates your Tesla needs to be delivered and registered by September 10.

Blomst / Pixabay

If you missed out on this opportunity, you might consider moving to Quebec (especially Laval, Quebec where you can get additional $2,000 subsidy first come first server) or British Columbia – where you can still get subsidized Tesla. But you might also want to hurry up as Quebec goes to election in September.

Ontario judge has also ordered Province of Ontario to cover $125,000 legal bill for unnecessary hassle created for Tesla.

The court decision came only 2 weeks after Conservative government blocked the incentives.

The judge Frederick Myers said

If the government wants to transition out of the electric car subsidy program,  Transportation Minister John Yakabuski must exercise his operational discretion in a lawful manner.

He has yet to do so. I therefore quash and set aside the Minister’s unlawful exercises of discretion to implement the transition program announced July 11.”

That’s it folks. So if you live in Ontario and want your Tesla subsidized you better get to the dealership stat! Your baby awaits.

Canada Awards $950m to Develop Five Innovation Superclusters

The feds will spend almost a billion of dollars to advance five super clusters , as they call it, technology advancements across our beautiful country. They expect this move will help to grow Canada’s economy by $50 billion over the next decade and create more than “50,000 middle-class jobs.”

 

Five Superclusters Will be Spread out across Canada

  • Ontario will get Toronto-based members such as the Mars Discovery District involved and will focus on “advanced manufacturing.”;
  • British Columbia will develop supercluster technology to connect “big data” with health care, forestry, manufacturing and other sectors;
  • Prairies will be construct a “protein industries” supercluster to develop plant proteins;
  • Quebec will work on its artificial intelligence and robotics;
  • Atlantic Canada will be responsible for so called “ocean supercluster” to “improve competitiveness” in fisheries, oil and gas, and clean energy;

These 5 superclusters include over 450 businesses and 60 post secondary institutions. We just love saying superclusters – sounds super cool.