Canadian Business Tax Incentive - Pilot Project

Pilot Performance Resources Management Inc., with support from Industry leaders, has put forward to the Canadian Federal Government Ministry of Finance, for a Business Tax Incentive called "Canadian Management System Business Sustainability Traceability Initiative (CMS-BSTI)", January 17th, 2011.

 Business Sustainability

 The Canadian government and business owners are increasingly aware of the constant need to improve business sustainability and quality for the global marketplace.    

 The Canadian Plant Insights and Strategies for Industry Leader’s survey found 31% of businesses don’t have a formal process in place to identify and mitigate risks and another 20% weren’t sure they had one. 

For further details on the Canadian Plant survey results, refer to http://www.canadianmanufacturing.com/fabrication/news/business-outlook-2011-innovation-advantage-17967

 The CMS-BSTI Tax incentive initiative program looks at the management of business process operations for ensuring identification of risks (environment, health & safety, quality) and management of business operations for continual improvement in performance, productivity and profits.   The criteria it supports is management systems to international standards - ISO.  

 Another concern for business sustainability is the: Grey Tsunami – Loss of Skilled Top Managers

 Canada’s enormous baby-boom generation will reach retirement age within the next five to ten years with more than a third of our workforce retiring.  This “Grey Tsunami” will have a huge impact on the loss of Canadian skilled top managers responsible for business sustainability.

 Companies need to act now to redesign their existing management systems to assist in control of critical information and document management.  Automation of management systems will assist to ensure data and knowledge is not lost and tracking and controls are in place so that new managers can make correct decisions and strategic planning for business sustainability.    

The CMS-BSTI Tax incentive program supports improvements to business management system processes so that the knowledge and information will not be lost and that business sustainability for the future will be in place.  

 The CMS-BSTI Tax incentive program focuses the company not just on its business plan, but its management system structure or foundation.  

 Eligible expenditures or activities would include consultant or staff costs for development, revision or improvement to management systems, equipment or software, training, materials, supplies, audits, etc.   

 Support for Canadian Business Tax Incentive for 2011-2017

 Support for this tax incentive initiative has been given by standards bodies, government, registrars and industry associations.  

 Are you interested in supporting this type of Business Tax Incentive?   If so,  please put your comments on our blog.   http://pilotims.com/blog/?m=201101