May 19, 2020

From Hollywood to Hamilton: Five big projects coming to Canada

Business
Canada
Hollywood
Hamilton
qqtqtqt etqt
3 min
From Hollywood to Hamilton: Five big projects coming to Canada

We all need a little entertainment, right? It should come as no great surprise that a popular pastime for many households is watching movies or TV shows. Though Hollywood and/or New York City may seem like a common place for filming to take place, some big projects have already filmed in Canada and more are planning to follow the trend!

RECENT TOPIC: Top 10 women in business

Specifically speaking, Hamilton seems to be a hot spot for projects. For example, various X-Men and Hulk battle scenes have previously been filmed in the area, as well as a scene in Silent Hilt. Not to mention, the famous Robocop originated in the area.

RECENT TOPIC: Canadian companies know why mobile coupons matter

Between great tax breaks and how diverse the city truly is, Hamilton is becoming a great place for TV and movie crews to set up shop. Take a look at some fun projects that will soon be coming to the area near you:

Suicide Squad

A highly anticipated film, Suicide Squad will be filming in Hamilton this summer. An ode to the villains that appear in the DC comic books, the film stars Will Smith, Margot Robbie and Jared Leto and is scheduled to be released in August 2016.

Hannibal

Perhaps you’ve already seen or heard of this critically acclaimed TV show? Based on the novel by Thomas Harris, the program can be seen on NBC and will air its third season this June. Since production began in 2012, the show has been filmed in Canada.

RECENT TOPIC: Four ways to motivate employees and increase productivity

The Strain  

The Strain premiered last summer on FX and has since been renewed for a second season. The series falls into the “horror” genre and centers on the subject of vampires. The program is based on three books by Chuck Hogan.

Heroes Reborn

It looks like Heroes, which first aired back in 2006, is getting a reboot—well, kind of. The show will be filming in Hamilton in the upcoming months and will premiere on NBC in the fall of 2015. The new version is being dubbed a “miniseries” and will contain 13 original episodes.  

RECENT TOPIC: Show me the money: financial mistakes to avoid in your 30s

Hemlock Grove

Out of all of the projects listed above, this is most likely a show that you may not be overly familiar with. Hemlock Grove is a Netflix original series that originally debuted in 2013. Not as popular as other Netflix originals, such as House of Cards or Orange is the New Black, Hemlock Grove films in Canada and has recently been renewed for a third and final season. The show falls into the category of “supernatural horror.”

RECENT TOPIC: Hit and run for Ryan Reynolds in Canada and other celebrity accidents

Let's Connect!

 

Read the latest edition of Business Review Canada!

 

Share article

Jun 8, 2021

Six issues at the top of tax and finance leaders’ agenda

Tax
Compliance
financeleaders
Deloitte
Kate Birch
4 min
As businesses accelerate their transformation journeys, tax leaders are under increasing pressure to add strategic value. Deloitte reveals six tax trends

New Deloitte research reveals that tax leaders are under increasing pressure to add strategic value as companies accelerate business model transformation, from undergoing digital transformations to rethinking their supply chains or investing in green initiatives.

According to Phil Mills, Deloitte Global Tax & Legal Leader, to “truly deliver value to the business, the tax function needs to rethink its resourcing model and transform its technology infrastructure to create capacity and control costs”.

And the good news, according to Mills, is that tax and business leaders have more options at their disposal to achieve this.

Reflecting the insights of global tax and finance executives at global companies, Deloitte’s Tax Operations in Focus study reveals the six issues at the top of tax and finance leaders’ agenda.

Trend 1: Businesses seek more strategic counsel from tax

Companies are being pushed to develop new digital products and distribution channels and accelerate sustainable transformation and this is taking them into uncharted tax territory. Tax leaders say their teams must have the resources and skills to give deeper advisory support on digital business models (65%), supply chain restructuring (49%) and sustainability (48%) over the next two years. This means redrawing the boundaries of what tax professionals focus on, and accelerating adoption of advanced technologies and lower-cost resourcing models to meet compliance requirements and free up time.

According to Joanne Walker, Group Tax Director, BT Group PLC, "There’s still a heavy compliance load today, but the vision for the future would be that much of that falls away, and tax people become subject matter experts who help program the machine, ensure quality control, and redirect their time to advisory activity.”

Trend 2: Tipping point for resourcing models

Business partnering demands in the tax department are on the rise, but 93% of tax leaders say their department’s budget is remaining flat or falling. To ensure that the tax function can redefine itself as a strategic function at the pace that is required, leaders are choosing to move increasing amounts of compliance and reporting to a combination of shared service centers, finance departments, and outsourcing providers that have invested in best-in-class technology.

Trend 3: Digital tax administration is moving faster than expected

in addition to the rising focus of the corporate tax department partnering with their business counterparts, transformative changes to the way companies share tax information with revenue authorities is also creating an imperative to modernize operations at a faster pace. Nine in 10 (92%) respondents say that shifting revenue authority demands on digital tax administration will have a moderate or high impact on tax operations and resources over the next five years—and several heads of tax said the trend is moving faster than expected.

"It’s really stepped up in the last couple of years," says Anna Elphick, VP Tax, Unilever. "Tax authorities don't just want a faster turnaround for compliance but access into a company’s systems. It's not unreasonable to think that in a much shorter time than we expect, compliance will be about companies reviewing a return that's been drafted by the tax authorities."

Trend 4: Data simplification and lower-cost resourcing are top priorities

Tax leaders said that simplifying data management (53%) and moving to lower-cost resourcing models (51%) must be prioritized if tax is to become more proactive at delivering strategic insights to the business. Many tax teams are ensuring that they have a seat at the table as ERP systems are overhauled, which is paying dividends: 56% of those that have introduced NextGen ERP systems are now highly effective at supporting the business with scenario-modeling insights. Only 35% of those with moderate to low use of NextGen ERP systems said the same.

At Stryker, “we automated the source P&L process for transfer pricing which took a huge burden off of the divisions," says David Furgason, Vice President Tax. "Then we created a transfer price database to deposit and retrieve data so we have limited impact on the divisions. We are moving to a single ERP platform which will help us make take the next step with robotics.”

Trend 5: Skillsets are shifting

Embedding a new data infrastructure and redesigning processes are critical for the future tax vision. Tax leaders are aligned — data skills (45%) and technology process experience (43%) are ‘must have’ skills in a tax department of the future, but more traditional tax specialist knowledge also remains key (40%). The trick to success will be in tax leaders facilitating the way these professionals, with their different backgrounds, can work together collectively to unlock lasting value.

Take Infineon Technologies, which formed a VAT technology and governance group "that has the right knowledge about how to change the system to ensure it generates the right reports", according to Matthias Schubert, Global Head of Tax. "Involving them early was key as we took a greenfield approach, so we could think about what the optimal processes would look like and how more intelligent systems could make an impact 

Trend 6: 2020 brought productivity improvements

Improved productivity (50%) and accelerating shifts to remote working (48%) were cited as the biggest operational benefits to emerge from COVID-19-driven disruption. But, as 78% of leaders now plan to embed either hybrid or fully remote models in the tax function long term, 34% say maintaining productivity benefits is a top concern. And, as leaders think about building their talent pipeline and strengthening advisory skill sets, 47% say they must prioritize new approaches to talent recognition and career development over the next two years, while 36% say new processes for involving tax in business strategy decisions must be established.

Share article