Voice of Business: Navigating the Holiday Tax Break

This past month has been challenging for businesses and organizations across Canada.

With postal strikes affecting businesses across Ontario, we’re diving into some news that could shake up our holidays for businesses and shoppers across Canada. Starting this Saturday, December 14th, 2024, the government is rolling out a GST/HST tax exemption on various products until February 15th, 2025.

The GST/HST offers zero rate taxes on multiple products. The following products are:

• Food

• Beverages

• Restaurants, catering, and other food or drink establishments

• Children’s Clothing and Footwear

• Children’s diapers

• Children’s car seats

• Children’s Toys

• Jigsaw Puzzles

• Video Game consoles

• Physical Books

• Printed Newspapers

• Christmas and Similar decorative trees

Now, this may seem like a win for consumers. No tax means lower prices and we could see increased spending, but we don’t know the whole impact on businesses and how this pressure to comply with new tax rules takes its toll at a time when shipping is delayed from ongoing postal strikes. While customers might enjoy the savings of an estimated total of $1.7 billion, businesses are stressed and scrambling to get ready. According to the Canadian Federation of Independent Business (CFIB), many small businesses call this tax break a headache. A survey from 3,500 small businesses found that 75 per cent of small firms expect it’ll cost them about $1,000 just to reprogram their systems to handle the exemption. And 65% said there’s not enough time to get everything in place before the deadline.

With the perceived benefit for consumers, businesses will still have to go through the tedious task of updating their systems. This tedious task could update their computing systems to apply zero-tax to the products listed above.

Some industries, such as hospitality, will have to go through more tedious tasks than others. This involves distinguishing between selecting the alcohol eligible for GST/HST relief because there are specific alcoholic beverages eligible for tax relief and some that are not. According to the CRA, beer and malt beverages (canned or bottled beer, pitches of beer) qualify. Wine, cider and sake (including fortified) that are 22.9 per cent alcohol by volume or less. And/or Spirit cooler and premixed alcoholic beverages that are 7 per cent ABV or less also qualify.

The items that would not qualify are alcoholic spirits and liqueurs, including cocktails with spirits that would not qualify. For example, a sangria, including wine and rum, would not qualify. Beverages sold from a vending machine also are not eligible. Examples like these create an additional burden for businesses. Another burden is that businesses will additionally have to revert to their original systems after the tax relief period.

There are also some confusing rules around returns. For instance, a customer buys something now during the tax break, then returns it and repurchases it later. That could mean extra fees for businesses handling those transactions through credit cards. And let’s not forget some of the confusion around qualifying items—like age limits for children’s products. Businesses will need to sort through these nuances, which could lead to even more confusion. This is not ideal for already stretched small businesses preparing for the busy holidays.

While the government hopes this holiday tax break will boost consumer spending, not everyone is convinced. Only 4 per cent of small business owners surveyed by the CFIB think it’ll lead to stronger sales. For many, the costs and logistical challenges seem to outweigh the potential benefits. As Saturday looms closer, this GST/HST relief is inevitable. Still, we can only hope this holiday relief will increase sales for our local businesses and make the tedious work worth doing.

If you’re a business owner feeling overwhelmed, there are resources to help you navigate this. You can call the CRA’s GST/HST inquiries line (1-800-959-8287 for English, 1-800-959-8296 for French) or check out the CRA’s webpage here.

Content provided by the Peterborough and the Kawarthas Chamber of Commerce.

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Voice of Business: Second-Annual Mayor's Breakfast

Addressing the Elephants in the Room: From Development Charges, Physician Recruitment, Tax Increases and More!

Last week, your local Chamber of Commerce brought together our local business and political leaders, Mayor Jeff Leal and Jasbir Raina, the Chief Administrative officer (CAO). This was the second annual Mayor's Breakfast, with a packed house at the Peterborough Golf and Country Club. This meeting covered important municipal matters, from increasing development charges and tax rates to physician recruitment and MAT tax.

With this meeting expected to be heated, Leal and Raina dove into the reasoning behind the proposed budget cuts. As you may know, last week, the city council proposed to cut funding by 25 per cent for various community organizations rather than raising our tax rates. A week later, council rejected most of the proposed budget cuts. Leal brought up how instead of applying budget cuts, he asked the "big three” to reassess their budget asks. These organizations were the Police Services Board, Peterborough County-City Paramedics, and Peterborough Public Health. Rather than raising our tax rates, Leal wants to make this budget work by asking the three organizations to reassess their funding requests.

Raina referred to his experience in Mississauga, where he learned the ropes of accurate municipal budgeting. He reasoned that a municipality must operate with a large tax base. Raina mentioned that "municipalities cannot function and expect to grow with smaller tax bases, specifically Band-Aid budgets." Raina pointed to the many completed roads and ongoing projects adequately funded through tax increases.

Leal also touched on cross-border servicing and physician recruitment. With little industrial land left in Peterborough, this is a big concern if we seek to grow our industrial sector locally. Leal went over how the city has proposed to work with other municipalities in cross-border servicing, where industrial lands would be co-managed. This would benefit the city and the neighboring municipality and bring more businesses and employment to our area. On a physician recruitment note, Peterborough currently has 32,000 people without a doctor, which is a complex situation. Leal touched on this complexity in the city's plan to help bring in more family physicians. The "Bring Them Home" campaign would seek to bring back overseas Peterborian medical students in Ireland to practice at home in Peterborough.

The next elephant in the room was the proposal to increase development charges. One audience member asked how the city expects to spur development with these high increases. Raina responded to this comment, saying, “Every house added to the city is putting pressure on the community, and in accommodating this growth, the community must bear the costs.” Although this makes it seem that development charges are necessary to accommodate growth, many developers are still concerned with this cost increase as it will make it more expensive to build and will pass on to the consumer, as one audience member pointed out. On a side note, the Chamber will address the proposed high increases in development charges with our local Peterborough and Kawarthas Home Builders Association.

The next hot topic was our Municipal Accommodation Tax (MAT), implemented in 2019, in which 50 per cent of its revenue will fund a new city-managed tourism entity. An audience member asked about the city's plan for this. Raina highlighted that the MAT tax would strictly reinvest in tourism development, and the work to establish the city's tourism entity is still a novel proposal and a work in progress. Raina also mentioned the progress in the MAT tax funding projects, such as the new arena, and how this MAT tax can continue to rejuvenate downtown.

Moving on to successful city initiatives, Leal showcased the recent success of the city's green waste initiative. Members of the audience were pleased to hear about creating a plan to expand green waste to businesses. This green waste initiative helped the city see great benefits in reducing landfill use and extending its life. Leal also mentioned that the plan to provide green waste management services could occur in the next calendar year.

This Q&A was jam-packed with sensitive but necessary discussions regarding taxpayer increases and operating challenges. This was a great opportunity for businesses to voice their concerns and have our public servants and mayor hear them. Having this dialogue in uncertain times amidst proposed tax increases is refreshing to see. This Q&A provided much-needed insight into the city's rationale for the following calendar year. This breakfast closed off with remarks from Leal and Raina expressing that to build Peterborough, it will take a unified approach. While true, this unified approach should not come at the expense of our local businesses. We hope our city can hear these concerns addressed at our Mayor's Breakfast and that next year's proposed plans reflect the feedback they received.

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Voice of Business: Canada’s International Student Cuts: A Double-Edged Sword

This past September, the Canadian government announced another 10 per cent cut to international student permits.

This isn’t the first cut either. Earlier this year, there was already a 35 per cent reduction in student visas, plus a cap of 364,000 visas this fall (down from last year’s 560,000). So, what’s behind these numbers, and what does it mean for Canada? With all these restrictions on international students, there is a lot to unpack—and some potential serious consequences.

The conversation around international students has been heating up, especially with Canada’s housing crisis and labour shortages thrown into the mix. We’re seeing strong opinions on both sides. On one hand, there’s a group that says Canada’s infrastructure just can’t handle the volume of international students coming in. On the opposing side, national student associations argue that international students are wrongly blamed for the housing crisis. Cutting their numbers, they say, also hits universities hard, slashing a vital revenue stream.

And they’re not wrong—Canada’s colleges and universities rely on international student fees, which are much higher than domestic ones. For example, Fanshawe College recently reported they’re expecting a whopping 39 per cent cut in international students next January, with a 47 per cent drop in first-year international students alone. The Council of Ontario Universities also are projecting a loss of nearly $1 billion in revenue over two years with the drop in international student enrollment. Considering the average cost for an international student is around $36,000 a year, these reductions could severely impact funding for our post-secondary institutions.

The reliance on international students has sparked some tough questions: are schools too dependent on these higher fees to make up for gaps in public funding? And what happens when this revenue source shrinks? Some wonder if Canadian institutions should rethink their business models and find a more balanced way to fund education without leaning so heavily on international students.

There’s another layer to all this: international students contribute more than just tuition fees. They’re a crucial part of Canada’s workforce, particularly in the hospitality sector. According to Statistics Canada, international students make up around 4.6 per cent of that industry—a big deal in a sector that’s facing labor shortages. Plus, the Canadian Bureau for International Education shows that 70 per cent of international students indicated they want to stay and work in Canada after graduation, which could further add to our growing talent pool. Their economic impact also extends beyond tuition, who support local businesses and contribute millions to the economy in consumer spending.

But, of course, we can’t ignore the housing issue. With more than a million international students in Canada, and vacancy rates as low as 1.7 per cent in Ontario, housing is in high demand. More students mean more pressure on an already tight housing supply, which many Canadians feel directly. This is where the government’s policy shift could ease some of that strain, but it’s a double-edged sword. Fewer international students may help with housing, but it could significantly reduce revenues for post-secondary institutions and even lead to staff layoffs.

Ultimately, this situation highlights the complexity of relying heavily on international students. The recent policy changes make it clear: this isn’t just about the students. It’s about sustainable planning and strategies that support Canada’s needs, whether it’s in housing, education funding, or labor supply. Moving forward, we can only hope that these policy adjustments drive further investments in the infrastructure and resources needed to make Canada a stable place for everyone—both local and international residents.

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Voice of Business: The Importance of Safeguarding Our Intellectual Property

This week on the Voice of Business, we are diving into an important yet often overlooked topic: Intellectual Property (IP).

IP refers to creations of the mind, like inventions or artistic works, which are increasingly important in today's growing ‘ideas economy.’ This economy is centred around intangible assets like software, technology, and digital innovations. Recently, Jim Balsillie, former co-CEO of BlackBerry, discussed on CBC the urgency of safeguarding Canada’s intellectual property in our evolving economy.

We encounter intellectual property every day, from the apps we use—like Facebook, Netflix, or Microsoft Office. We also observe our reliance on IP with Tesla’s autonomous driving systems or user interfaces with our phones. For business owners, it’s essential to protect their IP, as it shields their innovations from competitors and creates potential revenue streams through licensing agreements. However, many businesses, particularly those in the tech sector, underestimate the importance of protecting their intangible assets.

Balsillie’s podcast appearance emphasizes the consequences of not prioritizing IP protection, which are evident in Canada’s lagging productivity. He warns that foreign companies are buying Canadian-owned IP, which could push Canada to rank last among OECD countries in terms of productivity. According to Balsillie, the issue isn’t who invents these technologies, but rather who owns the rights to them. As more Canadian IP is sold to foreign companies, the potential for foreign entities to shape the future of Canadian industries grows. This could lead to significant changes, including headquarters relocating outside of Canada and essential jobs being outsourced abroad.

The elephant in the room, Balsillie notes, lies in the lack of a legislative framework that incentivizes businesses to retain their IP domestically. On top of that, there’s a gap in educating corporations about the value of IP and how to manage it effectively. He highlights how other countries, such as China, are far ahead in patent filings for technologies like artificial intelligence. China has filed 400,000 AI-related patents, while Canada on an industry wide scale has filed roughly 40,000. This further illustrates how other countries are actively protecting their innovations, giving them a competitive edge in the global market.

Balsillie also draws attention to the sharp growth of the intangible economy, which now makes up for 92% of the value in the Standard & Poor's 500 index—up from just 17%. This rapid growth will only continue, making it even more important for Canada to protect its intellectual property. He argues that Canada must foster a more attractive business environment to encourage companies to hold their IP rather than sell it to foreign competitors. While he doesn’t go into detail, Balsillie suggests we should learn from international models of legislation regarding IP retainment.

Another concerning trend is the growing number of Canadian pension funds being invested abroad. Balsillie points out that if our own investors are placing their money outside of Canada, it should be a wake-up call that our market is not offering the support needed for businesses togrow and thrive. Addressing this issue requires a multi-faceted strategy that includes educating businesses about IP and creating a market that rewards innovation and encourages companies to keep their IP in Canada.

Finally, whether you are a large tech company or a small local business it is important business owners are aware of the advantages of their IP rights. Not only does keeping IP retain jobs in Canada- it also boosts our economy. Balsillie stresses the need for a comprehensive strategy to educate businesses about the benefits of protecting their intellectual property and fostering an attractive market environment. By doing so, Canada can ensure its productivity stays competitive and hold onto its valuable innovations!

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Voice of Business: Chamber Trackside Chat Features Local Mayors and Labour Minister David Piccini

This past week, Kawartha Downs and your local Chamber hosted a trackside chat which featured mayors of Cavan Monaghan, Matthew Graham, and Otonabee-South Monaghan Mayor Joe Taylor. Also in attendance was the honorable Minister of Labour, Immigration, Training, and Skills Development, David Piccini. Our VP of Operations & Government Relations, Joel Wiebe led the chat with a Q & A period for our guests.

The conversation began with Minister Piccini addressing the current state of affairs in Ontario. He touched on the big challenges we are facing - labour shortages, foreign workers, and housing. According to Piccini, productivity is taking a hit due to an increasing regulatory burden, labour shortages, and a lack of investment in skills. To combat these issues, he highlighted a new policy initiative which would allow for grade 11 and 12 students to earn co-operative education credits in the skilled trades. Students would also receive a new seal on their diploma recognizing their completion of the program. This will allow students to fast track their learning and hands on experience before entering post-secondary through co-operative learning. This is just one of the ways the minister is addressing our labour shortage by attracting more youth into trades.

Another incentive is the provision of grants for individuals to purchase trade materials. This provincially funded grant provides individuals looking to enter the trades industry with that first set of tools to start their careers. Covering the costs of materials for tradesmen can remove the initial investment to enter trades for individuals.

Shifting to the topic of foreign workers and immigration, Minister Piccini acknowledged the immense contribution immigration has played in building our workforce, including his own grandfather who immigrated from Italy. However, he emphasized the importance of also growing our own domestic worker base specifically in the services industry. While immigration has mitigated our labour shortage problem, it is important to continue to concentrate efforts on enticing our own local workforce to join various industries experiencing labour shortages as well.

Piccini touted the economic success Ontario has experienced without raising taxes and reducing a regulatory environment, pointing out that Ontario is the only province that has not raised taxes, and this has contributed to over $60 billion in revenue. In addition, he proudly mentioned before the pandemic we produced “0% of PPE, now 90% of PPE manufacturing is produced in Ontario” further illustrating our progress in providing a prosperous and viable market for manufacturers here in Ontario.

Next up, Cavan Monaghan Mayor Matthew Graham, and Otonabee-South Monaghan, Mayor Joe Taylor set the stage. They both had a lot to say on municipal matters such as housing, employment lands, and economic development. The mayors had their own set of experiences within their townships but faced the same bureaucratic challenges in lengthy approvals for land development.

In positive news, both townships are experiencing progress with hundreds of housing units in development! For example, Mayor Graham spoke on Millbrook overseeing 600-1200 units in the process of being built. Although housing units are progressing, the cost of development remains a concern. One person for instance, spent $2 million just on buying land and another $2 million on hydro.

Meanwhile Mayor Taylor touched on the need to develop land on cross-border boundaries with the city of Peterborough. Taylor said that “some townships do not have the capital to service city-owned lands and needs cooperation from the city.” With more cooperation this could lead to increased development in areas identified for growth between municipal boundaries.

Both mayors also spoke on the significant delays for developing employment lands. Graham mentioned “one land assessment cost $300,000 and then took four years for approval.” To mitigate these lengthy delays Graham proposes a “streamlining of services where municipalities can go to one body to meet provincial regulations rather than go through multiple bodies.”

The mayors closed off in talking about how meeting the needs of their township is their number one priority. Mayor Graham mentioned a thoughtful point about bureaucracy

acknowledging that while it can be frustrating, these are processes of our democratic system. “Some people hate bureaucracy but a lot of these bureaucratic processes and policies are democratic and to undermine them would be anti-democratic.” Despite these challenges, it was refreshing to hear both mayors remain optimistic about the future of their townships.

Finally, it was a very insightful discussion, offering a behind-the-scenes view of the work being done by our local mayors and the Minister of Labour for businesses in our community. Whether it’s Minister Piccini’s focus on tackling labour shortages or the ongoing work of our mayors to drive housing and employment land development, the topics discussed help address key challenges businesses are facing, such as labour shortages and rising regulatory burdens. The solutions offered by Piccini—encouraging youth to enter the trades and reducing the financial barriers to entry—will provide students with early exposure to the trades and fast-track their skills development. This means businesses can expect a more skilled and prepared workforce in the near future. Additionally, the mayors' focus on reducing bureaucratic delays and fostering cooperation between municipalities and the province would create more opportunities for business growth and investment in our community. It’s encouraging to see proactive steps being taken at both the provincial and municipal levels to build a better future for all.

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Voice of Business: All Eyes On Housing

Our community needs some creative solutions for our current housing and homelessness crisis.

Right now, we are in a complex situation. Housing is becoming increasingly unaffordable for those who are working-class citizens, and those on the margins of society who simply cannot afford housing. With a vacancy rate of just 1.0 per cent, both groups are competing for a limited housing supply.

However, there is a glimmer of hope with some creative ideas coming forward. We have seen short-term success in our local housing initiatives with modular housing and plans are in motion to increase our housing supply.

One of these projects is from the Brock Mission. Just last month at a local news conference they announced plans to build a permanent 50-unit transitional housing project, which was attended by our own VP of Operations and Government Relations, Joel Wiebe. This 50-unit building will be a transitional housing project, operating in a similar fashion to the organization’s current shelters on Murray Street and Cameron House on Chemong Road. Although the location for the project has not yet been finalized, The Brock Mission is asking for a one-time support payment of $250,000 from the City of Peterborough to cover the costs of professional services and building permit process.

In the meantime, we have seen short-term success with our temporary modular housing project. According to a report from the City of Peterborough, between November 27, 2023, to June 30th, 2024. There was a 96% decrease in calls from the previous site of the encampment which was on the current site of modular housing. Back when there was an encampment on Wolfe Street, police were called 95 times between November 27, 2022, and June 30, 2023. Between Nov. 28, 2023, to June 30th, 2024, police were only called 4 times.

The current statistics paint an optimistic picture. So far, one person has moved into more permanent housing, and another has secured a home. Four people living in the cabins are employed. Additionally,17 people were evicted from the site. For context, four of these evictions happened in the last 3.5 months and 13 happened in the first 5 months of the program. This may paint a negative picture for modular housing, but 33 people have been housed for 6+ months indicating more than half have adjusted to the site.

While the city is considering expanding modular housing, Peterborough’s low vacancy rate is still a big worry. Young families are left with limited housing availability in a time where Peterborough is experiencing a growing population. According to a report from Mike Moffat from the PLACE Centre, Peterborough’s population has significantly increased from upwards of about 2,500 people in just one year. We are seeing more families moving into Peterborough because they are being priced out of the GTA, but this only adds to the pressure on the housing market. This pressure is being felt, where 10 individuals in the modular housing project are waiting for housing to become available.

There are also plans to develop affordable housing units on Hilliard Street. These units will include one-, two--, and three-bedroom apartments. Unfortunately, these plans were put on pause due to a lack of funding but will be reconsidered. If these plans are approved, they could lead to considerable progress in increasing the much-needed supply for our growing population.

In light of a demand for housing, Habitat for Humanity, recently got approval for a five-story, 41-unit condo on 78 and 82 Lansdowne St W. This will offer low-income families the chance to buy a home with a low-interest, geared-to-income mortgage. It is refreshing to see creative local solutions from Habit for Humanity to address our housing needs.

Together, The Brock Mission and Habitat for Humanity projects have a lot of potential to help increase affordable accessible housing in our community. We are finally laying the groundwork to support not only those experiencing homelessness but also the young families who want to make Peterborough their home. Ultimately, we’re going to need more involvement from our Provincial government to fund and support more projects like this.

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Voice of Business: The Call for Urgent Action on Homelessness

A new campaign called “Solve the Crisis,” led by a group of Ontario Big City Mayors (OBCM) was presented at a conference in Ottawa, hosted by the Association of Municipalities of Ontario (AMO).

The conference included members from several caucuses and brought together some big names such as the minister of housing, mental health and addictions, and the minister of health. Those in attendance were Eastern Ontario Wardens’ Caucus (EOWC), Western Ontario Wardens’ Caucus (WOWC), and Eastern Ontario Mayors’ Caucus (EOMC). The three caucuses announced their collective support for the “Solve the Crisis” campaign.

On a local note, Mayor Jeff Leal accepted a municipal innovation award on behalf of the city of Peterborough from the AMO. The award recognizes the city of Peterborough's innovative modular housing community project which started in 2023. The project helped to end a tent encampment of people experiencing homelessness on Wolfe Street. According to a CBC report, the modular housing project has successfully housed 47 people out of 50 units.

A report by AMO in 2023, found there were at least 1400 homeless encampments in Ontario communities. The encampments were situated in communities of any size, urban, small town rural, and northern Ontario. This eye-opening statistic set in motion the call for urgency in this crisis.

The leading organization is the OBCM which includes mayors of 29 cities with a population of 100,000 or more that makes up about 70 per cent of Ontario’s population. The OBCM thus advocates for issues and policies for Ontario’s largest cities.

At the conference the OBCM highlighted their demands for urgent action on homelessness and the opioid crisis, known as “Solve the Crisis.” The conference addressed the reality of an issue that continues to grow where municipalities do not have the sufficient resources and support to combat homelessness.

The campaign calls on specific demands from the provincial government and federal government. This involves creating a ministry responsible for overseeing housing needs and mental health supports, as well as a taskforce to develop an Ontario Action Plan. In addition, they’re asking for more funding, tools and resources to address homelessness.

During the conference, Health Minister the Hon. Sylvia Jones’ announced that the province would be investing $378 million into 19 new Homelessness and Addiction Recovery Treatment (HART) hubs which will add up to 375 supportive housing units. On top of this, the province has implemented a ban on consumption sites within 200 metres of a school or childcare centre. Several mayors from OBCM voiced their gratitude for further investment from the province. Mayor Patrick Brown of Brampton stating, “Grateful for the Ford government’s focus on treatment for addictions and not band-aid solutions. I share their concern about the proliferation of safe injection sites in area close to families and children. This needs to stop".

Looking ahead, the OBCM, and our own mayor, remain steadfast on tackling this crisis and collaborating with all levels of government. In an interview with the Peterborough examiner, Leal mentioned he has had productive conversations with the minister of Mental Health and Addictions, Micheal Tibollo’s to help address our local needs. Leal said, “we want to continue to impress upon the need to have additional funding, both from a treatment perspective and (for) supportive housing”.

The city of Peterborough has already received both federal and provincial funding for housing, drug supervision and treatment programs. These include the current supervised consumption site, affordable housing and a future residential treatment centre.

Locally, we met with Fourcast to get a better understanding of Peterborough’s Consumption and Treatment Services Site (CTS). Fourcast is the lead agency operating the CTS site here in Peterborough. The CTS which has been active since June 2022, has seen a large success in preventing overdoses according to their 2022-2023 report. While a CTS is controversial in recent news and from communities, Fourcast involves community perspectives from community and business leaders in their operations with a community committee. Therefore, any community concerns will be reviewed in the committee. If you would like to see the past year's report on the CTS, please click the following link.

While the AMO acknowledges there have been some positive steps towards action, more is needed to combat this growing problem. With the success from modular housing and our own supervised consumption site, it will be interesting to see which municipalities will have the HART hubs. Thanks to the OBCM and pressure from Chambers of Commerce and Boards of Trade across Canada, the homelessness crisis in Ontario is getting the attention it needs.

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Voice of Business: Exploring the Outcomes of Basic Income

As global interest in Basic Income grows, Ontario's brief pilot offers insights and raises questions about the potential for more sustainable social assistance models.

This week on the VOB we are discussing Basic Income (BI) - a concept that proposes providing people with a livable income that helps improve housing and health outcomes. The brief pilot project in Ontario did not provide enough data to get a good idea of its impact. It’s time to look at alternatives to the current social assistance status quo and see if there are better models.

Basic income would be set at 75 per cent of the median income in Canada. BI operates through a negative income tax (NIT), by assessing an individual’s tax return where their earned income would be reduced by 50 cents per dollar.  This would then determine the BI amount they could receive.

Ontario started its BI pilot project in the fall of 2017. BI aims to test how a livable income for couples and individuals would provide sustainability and how sustainability impacts employment, education, life, health, and financial security outcomes. An individual could receive up to $16,989 with an extra $500 monthly and couples could receive up to $24,000. Notably, BI would be a substitute for people on ODSP and OW.

The BI pilot project recruited 4,000 participants across three cities: Thunder Bay, Hamilton, and Lindsay. The pilot project was meant to last three years, but only lasted 18 months. The gross cost for the three years was $150 million.

Unfortunately, the pilot project was short-lived, and we could not fully analyze the impacts of the BI. These impacts could demonstrate labor market participation and healthcare use on BI.  Additionally, no data collection was done on the control group that did not receive BI, limiting our ability to compare and observe whether economic and life conditions improved without BI.

After the shutdown of the BI pilot project, recipients went back to our current social assistance, which are Ontario Works (OW) and the Ontario Disability Support Program (ODSP). OW currently supplies up to $733 monthly and ODSP supplies up to $1368 a month. For someone trying to re-enter the labour market, $733 is extremely difficult to live on when a rental for a one-bedroom apartment in Peterborough is $1,173. ODSP can cover rent but with very little left over.

As taxpayers, we are concerned with the costs of these projects. If these projects come to fruition, will the cost increase taxes? Will we see a decrease in labour market participation? These are valid concerns from both business owners and taxpayers.

For context, the Ontario Government is currently spending $3.7 billion less than required to fund existing programs and announced commitments on social assistance until 2026, and as of this year, our budget is short $0.7 billion. The 2024-2025 budget stands at $214.5 billion with social assistance covering 9.3 per cent of the budget.

From a sample of 200 participants in Hamilton, there was 24 per cent of people who were unemployed before and during the pilot. 11 per cent were employed but became unemployed during the pilot. 6 per cent were employed before the pilot but became unemployed to pursue a post-secondary education. 5 per cent of participants found work while on the pilot project. In total, there were almost two-thirds of people worked with 54 per cent of people working before and during the pilot excluding the 5 per cent who found work while on the pilot. 35 per cent of people in total did not work during or before the pilot. What is noteworthy is the 11 per cent who were employed but became unemployed during the pilot.

The Ontario government spends $85 billion on healthcare annually. In the same survey, 33 per cent of respondents reported a reduction in hospital emergency room visits, and 83 per cent noted increased access to over-the-counter medications. With a third of participants reducing their hospital visits, this could alleviate the strain on our healthcare system and improve people’s standard of living by decreasing the frequency of visits from lower-income individuals. Such a shift could potentially lead to cost savings for taxpayers by reducing the need to service a higher volume of patients.

Short-term results from the BI pilot project indicate potential cost savings for our healthcare system and the reduced effects from the rising cost of living. It’s time to look at all the options when it comes to assisting those living on the margins.

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Voice of Business: Nine Ships 200 Year Anniversary Plans Set Sail

The Peterborough Irish Club, joined by the Irish Consul General, announces a new website dedicated to the historical Irish nine ships.

This past week, your local Chamber of Commerce hosted members of the Peterborough Irish Club (PIC)and Irish Consul General Janice McGann. Members of the PIC gathered to present their new website documenting the Peter Robinson nine ships' immigration to Canada in 1825.

In attendance were guests who were descendants of the people of the nine ships from Ireland. The voyage of the nine Irish ships to Canada departed on May 6th, 1825, from County Cork, Ireland. The ships carried 2,024 individuals who traversed the Atlantic Ocean to reach Canada for a new life. The nine ships would leave a legacy in founding Peterborough and many other communities in the surrounding areas.

The newly created website documents a detailed history of the nine ships led by Peter Robinson from start to finish. The website features information on the journey of the nine ships into the City of Peterborough, a biography of Peter Robinson, the ships, and even the ship’s list of travelers—the content of this website is derived in partnership from the local historians of Trent Valley Archives.

The launch of the Nine Ships website is also particularly important for the 200th anniversary next year. This celebration will host many activities such as boat cruises, tours, plays, and art displays. Local First Nations have also been invited to participate. The commemoration will seek to honour the bravery and sacrifice of the immigrants from nine ships who immigrated from Ireland.

Several members of the PIC gave their own words on the importance of being a descendant of nine ships and the pride of their ancestors who embraced the challenge of a new life in Canada. Some members from the PIC and McGann acknowledged the complex histories intertwined with local First Nations. This involved the local Anishinaabe people adjusting to their new Irish Neighbors.

According to the Nine Ships website, the history of Peterborough credits the immigration of the Nine Ships to the founding of the city of Peterborough. After arriving in Cobourg, the Irish settlers transported their possessions to Peterborough. Upon arrival in downtown Peterborough, they were then given directions to their land administrated by Peter Robinson, whose office was at Water and Simcoe Streets. From there, each family was scattered around Peterborough County working to build farms and communities.

The 200th anniversary hopes to celebrate the legacy left by the Irish settlers of the nine ships. The commemoration event will take place next August and will hope to attract visitors and descendants of the nine ships from as far away as Australia and the United States. This event will serve as a great information gateway for future visitors wanting to know more about the historical impact of the Irish people from these nine ships.

Irish Consul General expressed her support for the upcoming calendar of events and the launch of the new website. McGann highlighted that “immigration is an act of bravery and resilience, where there is no chance of going back. Canada offered hope for a better life and opportunity. Today we are blessed to have an Irish Community that thrives and continues to keep our heritage alive.” The meeting concluded with a gift to McGann from the Peterborough Irish Club thanking her for her visit to Peterborough.

For all those interested, the website can be accessed at nineships1825.com.

Content provided by the Peterborough and the Kawarthas Chamber of Commerce.

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Voice of Business: ​Exciting Visit By US Consul General to Peterborough

The City of Peterborough and the Chamber recently hosted Baxter Hunt, the US Consul General and his wife Deborah. The meeting occurred at the newly opened Canoe Museum, marking the US Consul General’s first trip outside the GTA.

Sarah Budd, CEO of the Peterborough + Kawarthas Chamber of Commerce, chaired the meeting. Mayor Jeff Leal, Warden Bonnie Clark and CAO Jasbir Raina attended. Several business owners and representatives from Trent University and Fleming College were also present.  

The meeting began with comments from Mayor Jeff Leal and Warden Bonnie Clark, who expressed gratitude to the Consul General for visiting Peterborough. Hunt reiterated the prosperous economic relationship between Canada and the US and stressed the need to continue strengthening business ties. Several businesses and organizations showcased their roles within the community throughout the meeting.

Common themes discussed included ways to strengthen our cross-border relationship. Some businesses mentioned wanting to expand into the US, while others noted their connections with US cities. Hunt added that 35 US states have Canada as their biggest trading partner, stressing the immense potential to strengthen our economic partnerships.

Leal highlighted Peterborough’s key water system as a valuable resource. Peterborough's geographical location, marked by rivers and lakes, offers abundant opportunities to explore in collaboration with our American neighbours. Trent and Fleming were also mentioned for their renowned water science programs that have attracted American students.

Hunt noted that businesses looking to expand into the US have a great reference point in Toronto. The American Chamber of Commerce in Canada (AmCham) serves as a valuable resource for connecting partners from the US and discovering advantages in different US states. This would be a great resource for companies in Peterborough County looking to tap into US markets.

Hunt further encouraged businesses or organizations with questions about US visas to reach out to the American Consulate General in Toronto. Moreover, he suggested that businesses or organizations looking to invest in the US market should consider SelectUSA, which hosts its annual summit in Washington, D.C., which attracts 4,500 attendees from around the world to promote investment in the US.
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To close the meeting, Hunt reciprocated the growing interest in strengthening the cross-border relationship, highlighting Peterborough's abundant opportunities and attractions. This meeting began a great opportunity to enhance our cross-border relationship, with Hunt remarking, “I’m already feeling bullish on Peterborough.”

Content provided by the Peterborough and the Kawarthas Chamber of Commerce.

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