adplus-dvertising
Connect with us

Investment

Federal investment to establishment pair of automotive and mobility technology piloting sites – AM800 (iHeartRadio)

Published

 on


A boost for innovation and automobility.

The federal government is investing $8 million for the Ontario Centre of Innovation, through the Ontario Vehicle Innovation Network, to create two live-environment piloting sites. 

Officials announced the pilot program on Thursday at the 2024 Canadian International AutoShow.

The live-environment piloting sites will support the development and commercialization of new transportation technologies and innovative solutions in southern Ontario.

In Windsor/Sarnia, the focus will be on cross-border efficiencies and multi-modal transportation challenges.

The Toronto hub will focus on urban transportation needs like the required EV charging network and accessibility needs.

Officials say these live-testing sites will act as a launch pad for over 40 small and medium-sized enterprises as they pilot and commercialize over 40 new technologies, predominantly within the Zero Emission Vehicles and Connected and Autonomous Vehicle space.

The Technology Pilot Zones not only aim to fill a gap in Canada’s market for those vehicles, but to also break down the high barriers to entry and facilitate technology piloting in real-world environments.

The project will also create and maintain 345 jobs and contribute to Canada’s goal of reaching net zero emissions by 2050 through the deployment of cleaner and more efficient technologies.

Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario, says it’s all about preparing for what’s next when it comes to electric vehicles.

“It’s really to ensure that we are providing the support needed for the innovation in the EV space. So a very exciting announcement at the Canadian International AutoShow and really this is about looking to the future,” she said.

Tassi says there is an opportunity in the EV space to really demonstrate the ability and people that Canada has, especially given the unprecedented foreign investment the country is attracting.

“In order to build up this space. You know, Windsor with Stellantis and the EV battery plant, but also St. Thomas and Volkswagen. Really supporting that space, and growth. We want to ensure that we are providing opportunities for small and medium sized businesses to commercialize products.”

She says making sure research is being done in Canada is so important, and much preferred as opposed to relying on another country to provide that data.

Tassi says the government is looking to ensure that every opportunity is seized, not only for the main investments, but also those that help to create an end-to-end supply chain in this country.

“We want Stellantis for example to be looking right next door at various products. And so this is another example of really looking to the future and saying we recognize that we are creating a space here in southern Ontario that is really going to attract, I think, the attention of the world in the EV space,” she said.

Tassi concluded by saying the federal government is committed to supporting innovators as they evolve, adopt more sustainable practices like EV technologies, and create good jobs for Canadians.

– with files from AM800’s The Shift with Patty Handysides

Adblock test (Why?)

728x90x4

Source link

Continue Reading

Economy

S&P/TSX composite up more than 250 points, U.S. stock markets also higher

Published

 on

 

TORONTO – Canada’s main stock index was up more than 250 points in late-morning trading, led by strength in the base metal and technology sectors, while U.S. stock markets also charged higher.

The S&P/TSX composite index was up 254.62 points at 23,847.22.

In New York, the Dow Jones industrial average was up 432.77 points at 41,935.87. The S&P 500 index was up 96.38 points at 5,714.64, while the Nasdaq composite was up 486.12 points at 18,059.42.

The Canadian dollar traded for 73.68 cents US compared with 73.58 cents US on Thursday.

The November crude oil contract was up 89 cents at US$70.77 per barrel and the October natural gas contract was down a penny at US2.27 per mmBTU.

The December gold contract was up US$9.40 at US$2,608.00 an ounce and the December copper contract was up four cents at US$4.33 a pound.

This report by The Canadian Press was first published Sept. 19, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Investment

Canada’s Probate Laws: What You Need to Know about Estate Planning in 2024

Published

 on

Losing a loved one is never easy, and the legal steps that follow can add even more stress to an already difficult time.

For years, families in Vancouver (and Canada in general) have struggled with a complex probate process—filled with paperwork and legal challenges.

Thankfully, recent changes to Canada’s probate laws aim to make this process simpler and easier to navigate.

Let’s unearth how these updates can simplify the process for you and your family.

What is probate?

Probate might sound complicated, but it’s simply the legal process of settling someone’s estate after death.

Here’s how it works.

  • Validating the will. The court checks if the will is legal and valid.
  • Appointing an executor. If named in the will, the executor manages the estate. If not, the court appoints someone.
  • Settling debts and taxes. The executor (and you) pays debts and taxes before anything can be given.
  • Distributing the estate. Once everything is settled, the executor distributes the remaining assets according to the will or legal rules.

Probate ensures everything is done by the book, giving you peace of mind during a difficult time.

Recent Changes in Canadian Probate Laws

Several updates to probate law in the country are making the process smoother for you and your family.

Here’s a closer look at the fundamental changes that are making a real difference.

1) Virtual witnessing of wills

Now permanent in many provinces, including British Columbia, wills can be signed and witnessed remotely through video calls.

Such a change makes estate planning more accessible, especially for those in remote areas or with limited mobility.

2) Simplified process for small estates

Smaller estates, like those under 25,000 CAD in BC, now have a faster, simplified probate process.

Fewer forms and legal steps mean less hassle for families handling modest estates.

3) Substantial compliance for wills

Courts can now approve wills with minor errors if they reflect the person’s true intentions.

This update prevents unnecessary legal challenges and ensures the deceased’s wishes are respected.

These changes help make probate less stressful and more efficient for you and other families across Canada.

The Probate Process and You: The Role of a Probate Lawyer

 

(Image: Freepik.com)

Working with a probate lawyer in Vancouver can significantly simplify the probate process, especially given the city’s complex legal landscape.

Here’s how they can help.

Navigating the legal process

Probate lawyers ensure all legal steps are followed, preventing costly mistakes and ensuring the estate is managed properly.

Handling paperwork and deadlines

They manage all the paperwork and court deadlines, taking the burden off of you during this difficult time.

Resolving disputes

If conflicts arise, probate lawyers resolve them, avoiding legal battles.

Providing you peace of mind

With a probate lawyer’s expertise, you can trust that the estate is being handled efficiently and according to the law.

With a skilled probate lawyer, you can ensure the entire process is smooth and stress-free.

Why These Changes Matter

The updates to probate law make a big difference for Canadian families. Here’s why.

  • Less stress for you. Simplified processes mean you can focus on grieving, not paperwork.
  • Faster estate settlements. Estates are settled more quickly, so beneficiaries don’t face long delays.
  • Fewer disputes. Courts can now honor will with minor errors, reducing family conflicts.
  • Accessible for everyone. Virtual witnessing and easier rules for small estates make probate more accessible for everyone, no matter where you live.

With these changes, probate becomes smoother and more manageable for you and your family.

How to Prepare for the Probate Process

Even with the recent changes, being prepared makes probate smoother. Here are a few steps to help you prepare.

  1. Create a will. Ensure a valid will is in place to avoid complications.
  2. Choose an executor. Pick someone responsible for managing the estate and discuss their role with them.
  3. Organize documents. Keep key financial and legal documents in one place for easy access.
  4. Talk to your family. Have open conversations with your family to prevent future misunderstandings.
  5. Get legal advice. Consult with a probate lawyer to ensure everything is legally sound and up-to-date.

These simple steps make the probate process easier for everyone involved.

Wrapping Up: Making Probate Easier in Vancouver

Recent updates in probate law are simplifying the process for families, from virtual witnessing to easier estate rules. These reforms are designed to ease the burden, helping you focus on what matters—grieving and respecting your dead loved ones’ final wishes.

Despite these changes, it’s best to consult a probate lawyer to ensure you can manage everything properly. Remember, they’re here to help you during this difficult time.

Continue Reading

Economy

Energy stocks help lift S&P/TSX composite, U.S. stock markets also up

Published

 on

 

TORONTO – Canada’s main stock index was higher in late-morning trading, helped by strength in energy stocks, while U.S. stock markets also moved up.

The S&P/TSX composite index was up 34.91 points at 23,736.98.

In New York, the Dow Jones industrial average was up 178.05 points at 41,800.13. The S&P 500 index was up 28.38 points at 5,661.47, while the Nasdaq composite was up 133.17 points at 17,725.30.

The Canadian dollar traded for 73.56 cents US compared with 73.57 cents US on Monday.

The November crude oil contract was up 68 cents at US$69.70 per barrel and the October natural gas contract was up three cents at US$2.40 per mmBTU.

The December gold contract was down US$7.80 at US$2,601.10 an ounce and the December copper contract was up a penny at US$4.28 a pound.

This report by The Canadian Press was first published Sept. 17, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Trending