In this edition:
- Top 0.1% of earners saw income increase of over 25% in 2021: StatCan
- Ontario government invests $9.2 million in opportunities for Indigenous communities
- Benchmark restaurant returns with lunch Wednesday to Friday
- Trillium Grant makes Big Brother Big Sisters of Niagara more accessible
- Grimsby seeks public input with Official Plan survey
- Ontario to train veterans for in-demand careers
- Focus on Sustainability
Top 0.1% of earners saw income increase of over 25% in 2021: StatCan
According to data based on the tax filings of individuals released by Statistics Canada today, the average total income of the top 1%, excluding capital gains, rose by 9.4% to $579,100 in 2021. Filers in the top 0.1% saw their average total income increase by 17.4% to $2,086,100, while those in the top 0.01% saw their average total income increase 25.7% to $7,731,400. These increases more than offset the small declines observed in the top ranks of income earners in 2020.
In contrast, filers in the bottom half of the distribution saw their average total income decline $1,400 from 2020 to $21,100 in 2021. This decrease was due in part to the lowering or ending of government transfers.
Ontario government invests $9.2 million to improve economic opportunities for Indigenous communities
The Ontario government is investing $9.2 million in two programs to improve economic opportunities for Indigenous communities across the province. The Indigenous Economic Development Fund (IEDF) and the Indigenous Community Capital Grants Program (ICCGP) provide grants and financing for Indigenous peoples to increase access to support for business, employment and training opportunities.
Benchmark restaurant returns with lunch Wednesday to Friday
Back by popular demand, Niagara College’s award-winning on-campus restaurant, Benchmark, is now open for lunch three days per week with celebrated chef Justin Downes leading a team of students in the kitchen.
After almost four years of being closed for regular restaurant service, Benchmark reopened on November 1 ushering in a new era with a renewed focus on student learning, along with new features including an ever-evolving cocktail list, table-side preparations, one-time additions to the menu, and more!
Trillium Grant makes Big Brother Big Sisters of Niagara more accessible
Before this summer, a person in a wheelchair arriving to the Big Brothers Big Sisters of Niagara office in St. Catharines would have made it little further than the front door.
Narrow doorways, narrow halls and cramped spaces made it a challenge to manoeuvre. Had they managed to get to the reception area they may have been face-to-face with a desk. And let’s hope they didn’t need to go to the washroom during their visit, because it may not have been possible.
But all that’s been rectified now, thanks in large part to an Ontario Trillium grant to the tune of $132,000.
Grimsby seeks public input with Official Plan survey
Grimsby’s Official Plan Project is well underway! With so many changes occurring and more expected on the horizon, there’s a need to review the Plan so it meets both the current and future needs of Grimsby residents.
The Town is encouraging residents to have their say. Visit https://www.letstalkgrimsby.ca/officialplan to complete the survey or email your ideas to firstname.lastname@example.org. The survey is available until November 20th.
Ontario to train veterans for in-demand careers
The Ontario government is investing $4.3 million in four innovative training projects to help 356 Canadian Armed Forces (CAF) members prepare for in-demand jobs and transition to civilian life. Every year, 8,000 Canadian Armed Forces members are released from service.
The free programs announced today will prepare veterans for well-paying careers in in-demand sectors like healthcare, skilled trades, software development, cyber security, and others. The first project, led by True Patriot Love Foundation, will help 130 jobseekers land meaningful jobs in healthcare. They will also be partnering with 40 Ontario employers from a variety of sectors to educate and inform them on the benefits of hiring veterans and best practices for reducing barriers to employment.
Did you know?
Disney fired computer animation pioneer John Lasseter in 1984 as they felt there was no future in it. Lasseter joined Pixar as a founding employee and directed Toy Story, Toy Story 2, Cars, Cars 2, and A Bug’s Life.
Focus on Sustainability
How to implement reduce, re-use and recycle in your business
For any business being environmentally aware is much more than ‘tree hugging’ or going ‘green’ – every business has legal responsibilities to minimise its environmental footprint.
Increasing ‘green tape’ legislation, particularly in the areas of environment planning and protection, waste, and energy, highlights the importance of every business’ environmental, ethical and social responsibilities. This makes it imperative that every business owner understands the activities that his business might carry out that have the potential to impact negatively on the environment. Non-compliance will not only attract extremely hefty fines but can also affect your bottom line, reputation and the long-term sustainability and success of your business.
Through the Daily Updates, the GNCC aims to deliver important business news in a timely manner. We disseminate all news and information we feel will be important to businesses. Inclusion in the Daily Update is not an endorsement by the GNCC.