Tag Archives: british columbia

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.

Three Provinces Giving Out Up To $14k To Buy Tesla

UPDATE #3 LAVAL QUEBEC: Laval, a city in Quebec, will give additional $2,000 subsidy – see details below.

UPDATE #2 RE ONTARIO: Ontario judge reversed Conservative ban on subsidy, but only until September 10, after that date, the subsidies will expire. You need to be registered and car delivered by that day to qualify.

UPDATE #1 RE ONTARIO: After a recent election, the new conservative government in Ontario has decided to stop the rebates in that province. Tesla in its turn has decided to sue the Ontario government claiming:

“The Minister of Transportation’s decision suddenly left hundreds of Tesla Canada’s Ontario customers in the unfair position of no longer being eligible for the rebate they had expected to receive when they ordered their vehicles. While purchasers of other brands and from other dealers will still receive the rebate during the transition period.”


Tesla has been in the news a lot as of late due to its popularity as a nice looking car with very efficient electric consumption. But it also comes across as a very expensive car – Model S for example will set you back almost $86,000.

But do not worry with the new launch of Model 3, you can buy Tesla for only $46,000 and achieve 354 km of range on one charge.

Not sure about Tesla or other electronic vehicle? Just look at total CO2 saved by Tesla vehicles, you want your children to breath fresh air , right?

The good thing is that provincial governments recognize that electric cars are good for environment and have decided to give out incentives – some big some not so big – to entice customers to buy electric vehicles.

That’s right – no gimmicks – it’s free money as long as you live / buy the car in the “right” province, they will give you free money to subsidize your car.

The only drawback is that Tesla 3 been having some issues with production and you might need to wait about a year or 2 before it gets delivered to you. But hey you will get your subsidy locked in as described below and only need to pay $1k down-payment to reserve yours.

Blomst / Pixabay

So how does this electric vehicle subsidy work across difference provinces in Canada?

Let’s start by saying that only 3 provinces subsidize electric cars and of course Alberta is one province that does not (why should they with all that cheap gas.)

British Columbia – up to $6,000 subsidy

 

Just watch out though before you go out buying that Tesla S model  vehicles with a MSRP of over $77,000 are not considered eligible for the program.

Quebec – up to $8,000 subsidy 

Belle Province decided to join the game to protect their environment as well. Please see the list of eligible electric vehicles here as per Quebec subsidy program – Tesla 3 is one of them.

Vehicle type Additional conditions Rebate Amount
All-electric vehicles If the manufacturer’s suggested retail price (MSRP) is less than
$75 000:
$8 000
If the MSRP of the vehicle is between $75 000 and
$125 000:
$3 000
Plug-in hybrid vehicles If the manufacturer’s suggested retail price (MSRP) is less than
$75 000:the amount of the rebate is calculated according to the electric battery capacity.
$500, $4 000
or $8 000
Hybrid vehicles For the 2017 or earlier model years: no rebate starting with the 2018 model year. $500
Hydrogen-powered vehicles If the manufacturer’s suggested retail price (MSRP) is less than
$75 000:
$8 000
If the MSRP of the vehicle is between $75 000 and
$125 000:
$3 000
Low-speed electric vehicles $1 000
Electric motorcycles $2 000
Limited-speed electric motorcycles (electric scooters) $500

 

Quebec is almost the same as BC, but a bit more generous, even though all vehicles over $125k are not subsidized, the vehicles over $75k are still subsidized with $3k subsidy.

City of Laval in Quebec will give out additional $2,000 first-come, first-served municipal incentive. The New Vehicle Information Sheet and MVPA must show the base price of the car as $45,600 and list the options purchased.

Ontario – The Winner – drum roll please – with up to $14k subsidy

  • Incentives of up to $14,000 will be provided for eligible Hydrogen Fuel Cell Vehicles (HFCVs)
  • Incentives for eligible battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) are now determined based on each vehicle’s all-electric range and seating capacity. The updated incentives vary from $5,000 to $14,000

You can see the list of eligible cars here and Tesla 3 is eligible for $14k subsidy.

You know what that means you can own your precious little Tesla 3 for only around $31kThat’s about $500 in lease a month for 4 years.

Unlike Quebec and BC, Ontario does not subsidize at all cars over $75k. Maybe it’s for the best if you can afford $100k car, why would you need $14k subsidy, right?

It’s also a good time to act now: the more people interested in owning electric vehicles, the sooner governments will void these amazing subsidies.

Hold on a second, I am a bit confused – what do all these different HFCVs, BEVs and PHEVs acronyms mean – I thought electric car was electric car – well not so fast, buster, here is a quick intro for you to know the difference.

Source http://synergyfiles.com

Do not fancy Tesla 3 that much? Maybe consider all-electric Volkswagen e-Golf – it is few thousand cheaper in Ontario than its all-gas equivalent. However it only gets you about 200km or so vs 350+km with Tesla. But once again – sold out all across the province – but you might be able to reserve it. Price? $36k-$14k = $22k.

Or another good option could be Honda Clarity – basically a plug-in equivalent of the Honda Accord.  It is a PHEV version and only has range of up to 76 kilometres on battery alone, according to Honda. It’s a bit pricier at $40k but with $13k subsidy in Ontario – it is still pretty good deal at $27,000.

You decide – what car do you like? Recommend? Will you be buying electric car or will wait? Did you buy electric car already – are you liking it? Leave us your comments below.

Amazon To Hire 1,000 IT Pros in Vancouver, Open 2nd Office

No no, This is not their 2nd HQ office. Amazon is opening a second office in Vancouver to grow their team from 1,000 tech professionals to 2,000 within the next few years.

Alexandre Gagnon, Amazon Canada VP said:

“Amazon is excited to continue growing our workforce throughout Canada. We are among the largest employers of software engineers in Canada and look forward to continuing to create new job opportunities for Canadians.”

Vancouver Mayor Robertson could not have been more excited when he twitted:

Amazon now operates in Vancouver, Ottawa and Toronto employing over 5,000 employees.

John Horgan, Premier of British Columbia twitted:

skeeze / Pixabay

Congrats to British Columbia and Canada on being able to attract some top tier companies to come here.

 

Top 50 Canadian Tech Companies To Watch Out For in 2018, According to Deloitte

Deloitte, one of the “Big Four” accounting firms and the largest professional services network in the world by revenue and number of professionals, has released its yearly published Top 50 Canadian Tech Companies to Watch For.

This year, all top 3 companies fast growing tech companies come as no surprise hail from Ontario, Yours To Discover. As a matter of fact, the list was dominated by 29 companies / almost 60% from Ontario. British Columbia took second spot with 13 companies / almost 30%, and Quebec only had 5 companies (only 10%). Rest were spread out across Canada – mainly in the Prairies.

Diply, London Ontario, a leading social entertainment publisher that creates captivating content for millennials, took the #1 top spot with mindblowing 92881.1% growth.

The #2 spot was taken by Burlington Ontario Prodigy Games, doing a noble job of teaching over 20 million students, teachers, and parents with their free math game for Grades 1 – 8.

So you do not have to be like this guy

And to round up the Top 3 spot was a company with similar name to #2 – Prodigy Ventures from Toronto Ontario, an innovation company, and an early stage investment opportunity in emerging technologies.

Once you used the math game software from #2 , you can straight apply to #3 😉

 

Anders McKenzie, managing partner at Deloitte Canada, said:

“Fast 50 winners achieve incredible growth. These companies foster the economic prosperity and success of our country. The technology, media and telecommunications sector has achieved significant advances in the last twenty years. This current innovative cohort of companies continues to lead the pack in transforming the way we live and work. They should be incredibly proud of the impact they are making across all industries and how they are shaping the world as we know it today and what it will look like tomorrow.”

Wonder – who made the top 3 from your neck of the woods? Let’s see.

Top 3 Fastest Growing Tech from British Columbia

#4 Bench Accounting from Vancouver

#7 Send to News from Victoria

#9 Refresh Financial from Kelowna

Top 3 Fastest Growing Tech from Quebec

#15 FixmeStick from Montreal

#20 PixMob from Montreal

#29 PlusGrade from Montreal

 

The full list of Top 50 Canadian Tech is below, so what are you waiting for? Time to apply – they are all hiring. How else do you think they can grow?

 

Rank Company Name City Province Growth %
1 Diply London ON 92881.1%
2 Prodigy Game Burlington ON 18933.0%
3 Prodigy Ventures Toronto ON 16790.9%
4 Bench Accounting Vancouver BC 12814.3%
5 SkipTheDishes Winnipeg MB 10969.6%
6 StackAdapt Toronto ON 10301.0%
7 SendtoNews Victoria BC 9277.7%
8 Maropost Toronto ON 7038.2%
9 Refresh Financial Kelowna BC 5482.7%
10 Benevity Calgary AB 5410.7%
11 Unata Toronto ON 4269.7%
12 Bold Commerce Winnipeg MB 3692.1%
13 Influitive Toronto ON 3682.7%
14 Awesense Vancouver BC 3058.3%
15 FixMeStick Technologies Inc. Montreal QC 2698.2%
16 Vidyard Kitchener ON 2139.9%
17 Wave Toronto ON 1949.6%
18 Canada Drives Vancouver BC 1759.5%
19 IntraGrain Technologies Inc. Regina SK 1496.7%
20 PixMob Montreal QC 1253.0%
21 Foodee Vancouver BC 1035.6%
22 Visier Vancouver BC 989.2%
23 Axonify Waterloo ON 958.2%
24 Shopify Ottawa ON 896.5%
25 BroadbandTV Vancouver BC 888.7%
26 Allocadia Vancouver BC 852.2%
27 TouchBistro Inc. Toronto ON 838.3%
28 Sortable Kitchener ON 801.9%
29 Plusgrade Montreal QC 785.7%
30 Big Blue Bubble London ON 785.4%
31 Neurio Vancouver BC 781.3%
32 RateHub Toronto ON 768.7%
33 Unbounce Vancouver BC 680.5%
34 Buyatab Online Inc. Vancouver BC 626.8%
35 Motoinsight Toronto ON 625.7%
36 Top Hat Toronto ON 616.9%
37 mobileLIVE Richmond Hill ON 601.1%
38 Arcane Digital Inc. London ON 553.0%
39 eSentire Cambridge ON 531.8%
40 Voices.com London ON 506.4%
41 Dealer-FX Markham ON 506.2%
42 Klipfolio Ottawa ON 505.2%
43 You.i TV Ottawa ON 499.0%
44 Budge Studios Montréal QC 482.4%
45 Media Resources Inc. Oakville ON 477.4%
46 Eastside Games Inc. Vancouver BC 472.1%
47 Big Viking Games London ON 424.7%
48 Magnet Forensics Waterloo ON 399.6%
49 GSOFT Montreal QC 386.7%
50 500px Toronto ON 382.9%
50 TextNow Waterloo ON 382.9%