This document analyzes data on registered apprentices in New Brunswick from 2009 to 2017. It finds that:
1) Overall, 89.49% of tradespersons were retained in New Brunswick after graduation, decreasing to 86.70% after two years. Apprentices had higher retention rates than trade qualifiers.
2) On average, tradespersons earned $69,118 in their first year, with apprentices earning less than trade qualifiers. Incomes were higher for non-Red Seal trades compared to Red Seal trades.
3) Retention and incomes varied by trade. Construction electricians had among the highest incomes, while retention was generally higher for Red Seal endorsed certificates compared
The document provides an overview of self-assessment for personal tax returns in the UK. It discusses registering as self-employed, maintaining accounts and records of income and expenses, calculating profit/loss and tax liability, completing and submitting tax returns, and important deadlines and penalties. The presenter, Mr. Zee Shan, is introduced and his qualifications and experience in tax are outlined. Common mistakes to avoid when filing returns are also reviewed.
This document provides information about an upcoming energy conference on LNG carriers and floating storage and regasification units (FSRUs) to be held in Shanghai, China from June 17-20, 2014. The conference will include presentations from senior representatives from Chinese and Japanese shipyards and LNG carrier owners. Topics will include the growing demand for LNG carriers and FSRUs, opportunities in the LNG shipbuilding market in China, and technologies for LNG carrier propulsion systems. The document provides registration details such as fees, discounts for group registration, and payment options. It also lists contact information for the host hotel, the Grand Hyatt Shanghai.
This document provides information about ease of doing business in Turkey. It shows that Turkey ranked 69th out of 189 economies on its ease of doing business score in 2014, improving its rank from 72nd in 2013. Key indicators are presented for starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency. Process details and time/cost requirements are outlined for starting a business and getting electricity in Turkey.
This document summarizes key topics from a presentation on state and local taxes, including nexus standards, apportionment methods, and gross receipts calculations. It provides background on the presenter, Samuel Hodges, and covers constitutional issues, the Finnigan doctrine, and sourcing of receipts from services. Examples are given to illustrate different apportionment scenarios.
What is Depreciation
Depreciation is the amount of money you can “write-off” (claim as expensed or used up) against the value of any assets used in the course of producing assessable income.
In the case of property investors, investors may offset their taxable income against expenditure on plant and equipment used to produce assessable income.
Plant and Equipment includes items such as Ovens, Dishwashers, Carpets Blinds, Lifts, etc. The ATO provides specific guidelines as to how these write-offs are to occur.
Who Can claim the Depreciation?
Depreciation can be claimed by the owner of the Plant and Equipment, the one who is earning income from the use of these items.
This resume is for Mupanga Catherine Kalela Mbewe, a Zambian female accountant with over 15 years of experience. Her experience includes roles as a cost accountant, accounts officer, payroll officer, and cost clerk for various construction and services companies in Zambia. She has extensive experience using Pastel accounting software. She is currently a cost accountant for Educore Services Ltd in Solwezi, Zambia, where her responsibilities include processing invoices, preparing financial reports, and allocating expenses.
Pavilion Condo Analysis Budget 2019 jan 1 26 2019 vs dec 31 2019al karajo jr
This document presents the budget for Pavilion Condominium Association of Miami Beach for 2018 and 2019. Total revenues are projected to increase by $4,917,203 or 48.69% from $5,181,272 in 2018 to $10,098,475 in 2019. Total expenses are also projected to increase by $4,917,203 or 94.90% from $5,181,272 in 2018 to $10,098,475 in 2019. Major increases in expenses include legal fees, repairs and maintenance, salaries and benefits, and reserve transfers. The budget projects no net income or loss for either year as revenues and expenses are equal.
This certificate recognizes that Mark Hillier-Rees passed an assessment to achieve certification in energy efficiency for domestic heating in England and Wales as of March 24, 2015. The certification is valid until March 17, 2020 under the criteria of BPEC Certification Ltd and was issued with certificate number 170381 and signatures from the chairman of BPEC's governing board and Mark Hillier-Rees.
The document provides an overview of self-assessment for personal tax returns in the UK. It discusses registering as self-employed, maintaining accounts and records of income and expenses, calculating profit/loss and tax liability, completing and submitting tax returns, and important deadlines and penalties. The presenter, Mr. Zee Shan, is introduced and his qualifications and experience in tax are outlined. Common mistakes to avoid when filing returns are also reviewed.
This document provides information about an upcoming energy conference on LNG carriers and floating storage and regasification units (FSRUs) to be held in Shanghai, China from June 17-20, 2014. The conference will include presentations from senior representatives from Chinese and Japanese shipyards and LNG carrier owners. Topics will include the growing demand for LNG carriers and FSRUs, opportunities in the LNG shipbuilding market in China, and technologies for LNG carrier propulsion systems. The document provides registration details such as fees, discounts for group registration, and payment options. It also lists contact information for the host hotel, the Grand Hyatt Shanghai.
This document provides information about ease of doing business in Turkey. It shows that Turkey ranked 69th out of 189 economies on its ease of doing business score in 2014, improving its rank from 72nd in 2013. Key indicators are presented for starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency. Process details and time/cost requirements are outlined for starting a business and getting electricity in Turkey.
This document summarizes key topics from a presentation on state and local taxes, including nexus standards, apportionment methods, and gross receipts calculations. It provides background on the presenter, Samuel Hodges, and covers constitutional issues, the Finnigan doctrine, and sourcing of receipts from services. Examples are given to illustrate different apportionment scenarios.
What is Depreciation
Depreciation is the amount of money you can “write-off” (claim as expensed or used up) against the value of any assets used in the course of producing assessable income.
In the case of property investors, investors may offset their taxable income against expenditure on plant and equipment used to produce assessable income.
Plant and Equipment includes items such as Ovens, Dishwashers, Carpets Blinds, Lifts, etc. The ATO provides specific guidelines as to how these write-offs are to occur.
Who Can claim the Depreciation?
Depreciation can be claimed by the owner of the Plant and Equipment, the one who is earning income from the use of these items.
This resume is for Mupanga Catherine Kalela Mbewe, a Zambian female accountant with over 15 years of experience. Her experience includes roles as a cost accountant, accounts officer, payroll officer, and cost clerk for various construction and services companies in Zambia. She has extensive experience using Pastel accounting software. She is currently a cost accountant for Educore Services Ltd in Solwezi, Zambia, where her responsibilities include processing invoices, preparing financial reports, and allocating expenses.
Pavilion Condo Analysis Budget 2019 jan 1 26 2019 vs dec 31 2019al karajo jr
This document presents the budget for Pavilion Condominium Association of Miami Beach for 2018 and 2019. Total revenues are projected to increase by $4,917,203 or 48.69% from $5,181,272 in 2018 to $10,098,475 in 2019. Total expenses are also projected to increase by $4,917,203 or 94.90% from $5,181,272 in 2018 to $10,098,475 in 2019. Major increases in expenses include legal fees, repairs and maintenance, salaries and benefits, and reserve transfers. The budget projects no net income or loss for either year as revenues and expenses are equal.
This certificate recognizes that Mark Hillier-Rees passed an assessment to achieve certification in energy efficiency for domestic heating in England and Wales as of March 24, 2015. The certification is valid until March 17, 2020 under the criteria of BPEC Certification Ltd and was issued with certificate number 170381 and signatures from the chairman of BPEC's governing board and Mark Hillier-Rees.
This document provides an overview of tax and business structure considerations for freelancers in the UK. It discusses the reasons for declaring income and paying taxes. The most common business structures for freelancers are sole trader, partnership, limited company, and limited liability partnership. A sole trader is the simplest structure but provides no liability protection. A limited company provides greater credibility but involves more complex administration. The document also covers VAT registration requirements, allowable business expenses, and the importance of keeping proper financial records.
The document provides a comparative projected income statement for Fairmont Hotel for the years 2004 and 2005. Some key highlights:
- Total revenue increased 16.9% from $17.88 million in 2004 to $20.9 million in 2005, driven mainly by a 20.4% rise in room revenue.
- Food and beverage revenue declined 25% while other lines stayed flat.
- Operating expenses increased by 3% and fixed expenses by 8.5% from 2004 to 2005.
- As a result, income before taxes rose substantially from $1.13 million to $3.28 million, a 190.1% increase, and net income followed the same trend.
The summary
This document provides an overview of business accounting and tax considerations for new business owners. It discusses the differences between being self-employed or setting up a limited company, including tax obligations and record keeping requirements. Key topics covered include business structure options, taxes, registering with relevant authorities, paying yourself, tracking expenses, and whether an accountant is needed. The document aims to help new business owners understand basic accounting concepts and requirements.
Tax Accounting for Start-Ups-Chunyee_Miot_CPAMiot, Chunyee
This document provides information about business taxes and accounting for various business entities including sole proprietorships, S corporations, C corporations, LLCs and LLPs. It discusses filing requirements, who pays taxes, and issues like double taxation. It also covers topics like payroll taxes, estimated taxes, deductions, financial statements, breakeven analysis, cash flow management and questions to ask an accountant.
The trial balance and financial statements are for Unleash Your Power Inc. for the 6-month period ended December 31, 2014. The company sells personal development training tools. The income statement shows a net profit of $42,100 with gross profit of $62,550 less total operating expenses of $20,450. The balance sheet lists total assets of $144,680 including current assets of $55,480 and fixed assets of $88,300, with total liabilities of $51,010 including a bank loan of $35,000. Owner's equity consists of initial capital less drawings plus net profit.
The trial balance for Bootlegger Trader for the year ended 31 December 2014 is provided along with additional financial information. The additional information needs to be used to adjust the trial balance and then prepare an income statement and balance sheet. A sample vertical format balance sheet is also provided to demonstrate the required format for the balance sheet.
This document provides information about UK Research and Development (R&D) tax credits, which are a government incentive program administered by HMRC to encourage innovation. Key points covered include eligibility requirements, how the credits work, statistics on amounts claimed and rates, qualifying and non-qualifying costs, schemes available for small/medium enterprises and large companies, an example calculation of savings, and a case study of a construction company that claimed over £257k in credits. The document encourages companies to use a tax consultant to help determine eligibility and successfully submit a claim.
Title: Payroll Seminar
How to register;
RTI (Real Time Information);
Record keeping and reporting requirements;
Mistakes to avoid;
Penalty regime;
CIS refunds.
Summary:
In this seminar you will learn the basic skills to enable you to deal with the payroll and CIS yourself. It will also enhance your understanding of the RTI (Real Time Information) initiative and the penalty regime. Case studies will be completed in groups for better understanding of the practical application of the knowledge learned.
To be delivered by:
Zee Shan Bawany – Regional Tax Adviser – Smartfield Accountants
The document provides information about tax consultation courses offered by ICA in Chennai, India. The courses include tax accountant, tax consultant, income tax e-filing courses that teach self-employed business VAT and excise tax returns filing, ITR forms 5, 6, and 7 filing, and assessment of companies, firms, and trusts. The Certified Income Tax Consultant program enables participants to prepare individual and business income tax returns and e-filings without prior tax or accounting experience. Courses cover topics like electronic filing requirements, deductions, business expenses, capital gains, losses, and tax law updates. The address of the training provider, National Safety Academy in Chennai, is also listed.
1) The document discusses the requirements and process for founding a company in Germany, including qualifications needed, compulsory registration, types of business entities (sole proprietorship, general partnership, GmbH), minimum capital requirements, taxation, and liability of owners.
2) It also provides information on employment rights in Germany, such as probationary periods, termination reasons and notice periods, special protections for certain employees, and social insurance contribution rates for both employers and employees.
3) Finally, it gives an example monthly payslip for an event manager in Germany, outlining taxes and social insurance deductions as well as estimated additional living costs.
SBC 2020-Left Brain Professionals: Developing Your First Cost & Price Proposal Robert E Jones
Contracts subject to the submission of cost or pricing data, (flexibly-priced contracts), require an acceptable basis of estimate including hours and dollars by line item, time-phased to match the project schedule, and sufficient detail to support the effort proposed. This course will dive into the complexity of those details and show you how to maximize profit and ensure regulatory compliance by preparing an adequate basis of estimate for every contract, regardless of type, when developing your cost and price proposal.
This document provides an overview and agenda for the City of College Station's budget workshops for the General Fund O&M. It discusses the budget process and timeline, strategic plan objectives focused on financial sustainability, revenue assumptions including decreases in property values, sales tax, and population growth, and proposed expenditure reductions through position cuts and decreased departmental expenses. While the FY2021 budget is balanced, future year forecasts project declining revenues that may require further service reductions if mitigation strategies are not sufficient.
This document provides an overview of financial analysis for planners and discusses how to conduct a pro forma analysis of development projects. It defines key terms like gross income, effective income, operating expenses, net operating income, debt service coverage ratio, and internal rate of return. It then walks through an example pro forma for a mixed-use development project, showing how to calculate items like income, expenses, debt service, cash flows, debt service coverage ratio, and internal rate of return. The document stresses that financial analysis is important to determine if a project is financially feasible and discusses what to do if a project does not work from a numbers perspective.
This document provides an overview of the required start-up funds and projected financials for a new Mexican food truck business called "You Mexican't Get Enough". It estimates that $69,840 in total start-up funds will be needed, including $66,200 for fixed assets like equipment and a truck. Projected annual sales are $214,326 with a net profit of $40,396 in year one. Key expenses include $74,956 per year for salaries and $34,479 for fixed operating costs.
myCPE Webinar: Developing Your First Cost & Price ProposalRobert E Jones
Contracts subject to the submission of cost or pricing data, (flexibly-priced contracts), require an acceptable basis of estimate including hours and dollars by line item, time-phased to match the project schedule, and sufficient detail to support the effort proposed. This course will dive into the complexity of those details and show you how to maximize profit and ensure regulatory compliance by preparing an adequate basis of estimate for every contract, regardless of type, when developing your cost and price proposal.
This document provides details of a proposed clothing manufacturing business in Vizianagaram, Andhra Pradesh. Key details include:
- The entrepreneur, V Vinodh Kumar, will invest Rs. 12.47 lakhs in the project, financed through term loan (Rs. 11.85 lakhs), margin money (Rs. 3.12 lakhs), and own capital (Rs. 0.62 lakhs).
- The project involves manufacturing shirts, pants, and jeans. Expected annual sales are Rs. 22 lakhs. Manufacturing capacity will be utilized at 70-90% over 5 years.
- Manufacturing expenses are estimated at Rs. 9.64 lak
The document provides an overview of Clarington's 2020 budget and capital forecast for 2021-2024. It discusses external economic factors, historical trends in assessment and taxation, comparisons to other municipalities, and plans for citizen engagement. The capital forecast totals over $80 million for 2021-2024, with key items including fire vehicle replacements, pool renovations, and recreation facility upgrades. Asset management requirements and funding strategies are also addressed.
Encoursa Webinar: Developing Your First Cost and Price ProposalRobert E Jones
Contracts subject to the submission of cost or pricing data, (flexibly-priced contracts), require an acceptable basis of estimate including hours and dollars by line item, time-phased to match the project schedule, and sufficient detail to support the effort proposed. This course will dive into the complexity of those details and show you how to maximize profit and ensure regulatory compliance by preparing an adequate basis of estimate for every contract, regardless of type, when developing your cost and price proposal.
Salary and pricing analysis in Vietnam Lab. Type developmentHiroshi KURABAYASHI
Now Vietnam software development business comes to a turning point. By using a recruitment web service, roughly approximate Salary and Pricing of Vietnam Software Development Business.
Pessimistic or Realistic, I don't know.
This document provides a business plan summary for a proposed summer camp. It includes startup expenses totaling over $1 million. Annual operating expenses are projected at $77,100 in year 1 growing to $308,400 in year 3. Sales are forecast to be $124,800 in year 1 growing to $499,200 in year 3. Net income is projected to be $37,200 in year 1 growing to $148,800 in year 3. Cash flow will be positive each year, growing from $40,100 in year 1 to $220,600 in year 3. Key financial ratios show gross margin of 38%, return on equity of 3.72% in year 1, and current and quick ratios above 1
This presentation discusses how to build an effective financial model for a business. A financial model shows revenues, profits, cash needs, hiring plans, and runway over a 5-year period. It also includes a sensitivity analysis. The model proves whether the business can make money and scale over time. The document provides guidance on building income statements, balance sheets, cash flow statements, and assumptions for revenues, costs, expenses, and headcount over multiple years. It cautions against underestimating costs and cash burn and stresses the importance of financial planning and oversight.
This document provides an overview of tax and business structure considerations for freelancers in the UK. It discusses the reasons for declaring income and paying taxes. The most common business structures for freelancers are sole trader, partnership, limited company, and limited liability partnership. A sole trader is the simplest structure but provides no liability protection. A limited company provides greater credibility but involves more complex administration. The document also covers VAT registration requirements, allowable business expenses, and the importance of keeping proper financial records.
The document provides a comparative projected income statement for Fairmont Hotel for the years 2004 and 2005. Some key highlights:
- Total revenue increased 16.9% from $17.88 million in 2004 to $20.9 million in 2005, driven mainly by a 20.4% rise in room revenue.
- Food and beverage revenue declined 25% while other lines stayed flat.
- Operating expenses increased by 3% and fixed expenses by 8.5% from 2004 to 2005.
- As a result, income before taxes rose substantially from $1.13 million to $3.28 million, a 190.1% increase, and net income followed the same trend.
The summary
This document provides an overview of business accounting and tax considerations for new business owners. It discusses the differences between being self-employed or setting up a limited company, including tax obligations and record keeping requirements. Key topics covered include business structure options, taxes, registering with relevant authorities, paying yourself, tracking expenses, and whether an accountant is needed. The document aims to help new business owners understand basic accounting concepts and requirements.
Tax Accounting for Start-Ups-Chunyee_Miot_CPAMiot, Chunyee
This document provides information about business taxes and accounting for various business entities including sole proprietorships, S corporations, C corporations, LLCs and LLPs. It discusses filing requirements, who pays taxes, and issues like double taxation. It also covers topics like payroll taxes, estimated taxes, deductions, financial statements, breakeven analysis, cash flow management and questions to ask an accountant.
The trial balance and financial statements are for Unleash Your Power Inc. for the 6-month period ended December 31, 2014. The company sells personal development training tools. The income statement shows a net profit of $42,100 with gross profit of $62,550 less total operating expenses of $20,450. The balance sheet lists total assets of $144,680 including current assets of $55,480 and fixed assets of $88,300, with total liabilities of $51,010 including a bank loan of $35,000. Owner's equity consists of initial capital less drawings plus net profit.
The trial balance for Bootlegger Trader for the year ended 31 December 2014 is provided along with additional financial information. The additional information needs to be used to adjust the trial balance and then prepare an income statement and balance sheet. A sample vertical format balance sheet is also provided to demonstrate the required format for the balance sheet.
This document provides information about UK Research and Development (R&D) tax credits, which are a government incentive program administered by HMRC to encourage innovation. Key points covered include eligibility requirements, how the credits work, statistics on amounts claimed and rates, qualifying and non-qualifying costs, schemes available for small/medium enterprises and large companies, an example calculation of savings, and a case study of a construction company that claimed over £257k in credits. The document encourages companies to use a tax consultant to help determine eligibility and successfully submit a claim.
Title: Payroll Seminar
How to register;
RTI (Real Time Information);
Record keeping and reporting requirements;
Mistakes to avoid;
Penalty regime;
CIS refunds.
Summary:
In this seminar you will learn the basic skills to enable you to deal with the payroll and CIS yourself. It will also enhance your understanding of the RTI (Real Time Information) initiative and the penalty regime. Case studies will be completed in groups for better understanding of the practical application of the knowledge learned.
To be delivered by:
Zee Shan Bawany – Regional Tax Adviser – Smartfield Accountants
The document provides information about tax consultation courses offered by ICA in Chennai, India. The courses include tax accountant, tax consultant, income tax e-filing courses that teach self-employed business VAT and excise tax returns filing, ITR forms 5, 6, and 7 filing, and assessment of companies, firms, and trusts. The Certified Income Tax Consultant program enables participants to prepare individual and business income tax returns and e-filings without prior tax or accounting experience. Courses cover topics like electronic filing requirements, deductions, business expenses, capital gains, losses, and tax law updates. The address of the training provider, National Safety Academy in Chennai, is also listed.
1) The document discusses the requirements and process for founding a company in Germany, including qualifications needed, compulsory registration, types of business entities (sole proprietorship, general partnership, GmbH), minimum capital requirements, taxation, and liability of owners.
2) It also provides information on employment rights in Germany, such as probationary periods, termination reasons and notice periods, special protections for certain employees, and social insurance contribution rates for both employers and employees.
3) Finally, it gives an example monthly payslip for an event manager in Germany, outlining taxes and social insurance deductions as well as estimated additional living costs.
SBC 2020-Left Brain Professionals: Developing Your First Cost & Price Proposal Robert E Jones
Contracts subject to the submission of cost or pricing data, (flexibly-priced contracts), require an acceptable basis of estimate including hours and dollars by line item, time-phased to match the project schedule, and sufficient detail to support the effort proposed. This course will dive into the complexity of those details and show you how to maximize profit and ensure regulatory compliance by preparing an adequate basis of estimate for every contract, regardless of type, when developing your cost and price proposal.
This document provides an overview and agenda for the City of College Station's budget workshops for the General Fund O&M. It discusses the budget process and timeline, strategic plan objectives focused on financial sustainability, revenue assumptions including decreases in property values, sales tax, and population growth, and proposed expenditure reductions through position cuts and decreased departmental expenses. While the FY2021 budget is balanced, future year forecasts project declining revenues that may require further service reductions if mitigation strategies are not sufficient.
This document provides an overview of financial analysis for planners and discusses how to conduct a pro forma analysis of development projects. It defines key terms like gross income, effective income, operating expenses, net operating income, debt service coverage ratio, and internal rate of return. It then walks through an example pro forma for a mixed-use development project, showing how to calculate items like income, expenses, debt service, cash flows, debt service coverage ratio, and internal rate of return. The document stresses that financial analysis is important to determine if a project is financially feasible and discusses what to do if a project does not work from a numbers perspective.
This document provides an overview of the required start-up funds and projected financials for a new Mexican food truck business called "You Mexican't Get Enough". It estimates that $69,840 in total start-up funds will be needed, including $66,200 for fixed assets like equipment and a truck. Projected annual sales are $214,326 with a net profit of $40,396 in year one. Key expenses include $74,956 per year for salaries and $34,479 for fixed operating costs.
myCPE Webinar: Developing Your First Cost & Price ProposalRobert E Jones
Contracts subject to the submission of cost or pricing data, (flexibly-priced contracts), require an acceptable basis of estimate including hours and dollars by line item, time-phased to match the project schedule, and sufficient detail to support the effort proposed. This course will dive into the complexity of those details and show you how to maximize profit and ensure regulatory compliance by preparing an adequate basis of estimate for every contract, regardless of type, when developing your cost and price proposal.
This document provides details of a proposed clothing manufacturing business in Vizianagaram, Andhra Pradesh. Key details include:
- The entrepreneur, V Vinodh Kumar, will invest Rs. 12.47 lakhs in the project, financed through term loan (Rs. 11.85 lakhs), margin money (Rs. 3.12 lakhs), and own capital (Rs. 0.62 lakhs).
- The project involves manufacturing shirts, pants, and jeans. Expected annual sales are Rs. 22 lakhs. Manufacturing capacity will be utilized at 70-90% over 5 years.
- Manufacturing expenses are estimated at Rs. 9.64 lak
The document provides an overview of Clarington's 2020 budget and capital forecast for 2021-2024. It discusses external economic factors, historical trends in assessment and taxation, comparisons to other municipalities, and plans for citizen engagement. The capital forecast totals over $80 million for 2021-2024, with key items including fire vehicle replacements, pool renovations, and recreation facility upgrades. Asset management requirements and funding strategies are also addressed.
Encoursa Webinar: Developing Your First Cost and Price ProposalRobert E Jones
Contracts subject to the submission of cost or pricing data, (flexibly-priced contracts), require an acceptable basis of estimate including hours and dollars by line item, time-phased to match the project schedule, and sufficient detail to support the effort proposed. This course will dive into the complexity of those details and show you how to maximize profit and ensure regulatory compliance by preparing an adequate basis of estimate for every contract, regardless of type, when developing your cost and price proposal.
Salary and pricing analysis in Vietnam Lab. Type developmentHiroshi KURABAYASHI
Now Vietnam software development business comes to a turning point. By using a recruitment web service, roughly approximate Salary and Pricing of Vietnam Software Development Business.
Pessimistic or Realistic, I don't know.
This document provides a business plan summary for a proposed summer camp. It includes startup expenses totaling over $1 million. Annual operating expenses are projected at $77,100 in year 1 growing to $308,400 in year 3. Sales are forecast to be $124,800 in year 1 growing to $499,200 in year 3. Net income is projected to be $37,200 in year 1 growing to $148,800 in year 3. Cash flow will be positive each year, growing from $40,100 in year 1 to $220,600 in year 3. Key financial ratios show gross margin of 38%, return on equity of 3.72% in year 1, and current and quick ratios above 1
This presentation discusses how to build an effective financial model for a business. A financial model shows revenues, profits, cash needs, hiring plans, and runway over a 5-year period. It also includes a sensitivity analysis. The model proves whether the business can make money and scale over time. The document provides guidance on building income statements, balance sheets, cash flow statements, and assumptions for revenues, costs, expenses, and headcount over multiple years. It cautions against underestimating costs and cash burn and stresses the importance of financial planning and oversight.
Govology Webinar: Developing Your First Cost & Price ProposalRobert E Jones
Contracts subject to the submission of cost or pricing data, (flexibly-priced contracts), require an acceptable basis of estimate including hours and dollars by line item, time-phased to match the project schedule, and sufficient detail to support the effort proposed. This course will dive into the complexity of those details and show you how to maximize profit and ensure regulatory compliance by preparing an adequate basis of estimate for every contract, regardless of type, when developing your cost and price proposal.
ProAktive's approach to Auto Enrolment (pensions).ProAktivePeople
Here's a copy of our presentation from the free breakfast briefing we held in January 2014. Auto Enrolment is mandatory legislation to all companies in the UK, starting from October 2012. If you have questions that need answering or would like us to help you with this process, please get in touch. 01302 341 344.
The document provides an earnings summary and financial review for Trinseo for Q4 and full year 2013. It discusses key metrics such as revenue, adjusted EBITDA, volume and pricing trends on a quarterly and year-over-year basis for each of Trinseo's business segments. It also reviews liquidity, cash flow, balance sheet and debt maturity. The presentation focuses on improving operating rates and profitability in 2014 through productivity gains, cost management and selling out synthetic rubber capacity.
Voice & data assessment presentation rhc 8.2013c3telecom
This document summarizes telecommunications services for a rural healthcare organization and identifies opportunities for savings. It provides an inventory of voice and data services, usage reports, and rate analyses. It identifies that C3 can conduct an assessment to find simple savings averaging 35% by eliminating waste, consolidating unused services, and implementing more efficient plans. C3 also assists with applications for the Healthcare Connect Fund to obtain up to 65% reimbursement for broadband connectivity improvements.
Final Presentation from Chester Group Rev 0Steven Quenzel
Chester Sensors achieved strong financial results over 8 rounds of simulation, with cumulative profits exceeding competitors by over 50% and the highest stock price. The company differentiated through reliable, cutting-edge sensors produced at affordable prices using automation. Looking ahead, Chester will introduce the highly automated Cyclops line to compete in ultra-high tech sectors while phasing out older product lines. Overall, Chester's focus on product lifecycle, R&D, and cost control supported consistent market leadership.
The document provides information on integrating financial statements for startups. It discusses the importance of having accurate income statements, balance sheets, and cash flow statements to understand business profitability, stability, and liquidity. Common mistakes made by startups are listed, such as not understanding revenue drivers or underestimating costs. Recommendations are given for financial statement formats and assumptions. Sample financial statements including income statements, balance sheets, and cash flow statements are presented for a fictional startup called EZ Vein over a five year period.
The document provides an overview of Thiensurat Group's business, financial highlights for Q1 2017, and outlook for 2017. Key highlights include total revenues of 456 million baht for Q1 2017, a focus on expanding electric appliance sales and improving debt collection, and targets for 2017 including decreasing bad debts and increasing total revenues to 2,000 million baht.
The executive director provided a summary of OKIE811's state of the company in 2017. Key points include:
1) OKIE811 exceeded its revenue budget by $157,768 due to increased ticket volume, while coming under budget on salaries/benefits and over budget on operating expenses due to a new office. This resulted in a net revenue of $28,128.
2) OKIE811 converted its construction loan to a mortgage on its new office building and sold its old office, applying the excess funds of $427,000 to the new mortgage.
3) Ticket volume was on track to set a new record for 2017, with an 8% increase projected over 2016. Membership also grew
Similar to Retention and Labour Market Outcomes of Registered Apprentices in New Brunswick: 2009 to 2017 (20)
Mapping Community-Level Prevalence of Modifiable Risk Factors for Dementia in...DataNB
A large proportion of dementia risk is attributable to modifiable factors such as physical inactivity, hypertension, and social isolation. Prevention strategies will be essential to mitigate the expected increased number of people living with dementia. Data on the distribution of risk factors can help support these efforts.
The objective of this study was to derive community-level prevalence estimates for dementia specific modifiable risk factors.
Statistics Canada Canadian Community Health Survey (CCHS; 2001-2020) data were used to develop prediction models for several mid-life (age 45-64; heavy drinking, obesity, hypertension) and late-life (age 65+; smoking, physical inactivity, social isolation, diabetes) risk factors. Prevalence was estimated from the prediction model using age and sex stratified Census (2001-2016) population counts for communities across New Brunswick. Spatial-temporal models were used to increase the robustness of predicted prevalence estimates.
The risk factors with the highest prevalence were physical inactivity (67%), obesity (34%), and hypertension (31%). These three risk factors, in addition to risk factors for social isolation and smoking, were also found to have highest variability across communities. The prevalence of obesity, hypertension and diabetes increased over time, whereas smoking and social isolation remained consistent. While physical inactivity had the highest prevalence, this was found to decrease over time.
National population-based survey and Census data can be used to inform of the burden of dementia risk factors at the community-level. Community-level risk factor data may be helpful in directing resources to communities with the highest burden and to monitor changes in risk for these communities.
Domaines de recherche prioritaires des soins aux enfants et aux jeunes ayant ...DataNB
De plus en plus d’enfants et de jeunes ont des besoins médicaux complexes. Leurs besoins médicaux multidimensionnels et les changements fréquents de cadres et de prestataires génèrent souvent des lacunes ou une discontinuité dans les soins. De plus en plus, on considère les patients et leurs familles comme partenaires actifs des soins de santé et on explore les priorités des patients à l’heure de mener des recherches sur la prestation et l’amélioration des soins de santé. L’étude visait à explorer les domaines de recherche prioritaires liés à l’amélioration des services de santé aux enfants et aux jeunes ayant des besoins médicaux complexes. Elle a permis de recueillir les expériences et les recommandations des soignants afin d’orienter les recherches futures vers les enjeux pertinents pour les patients. Un modèle descriptif qualitatif en coupe a été utilisé. Les données ont été recueillies, au moyen d’entretiens semi-structurés et d’autoévaluations, auprès de 37 soignants d’enfants ou de jeunes aux besoins médicaux complexes du Nouveau-Brunswick, puis soumises à l’analyse qualitative, révélant cinq principaux domaines de recherche prioritaires : (1) accès aux services et ressources appropriés; (2) continuité et coordination des soins; (3) jeunes à l’âge charnière; (4) obstacles à l’école et à la garderie; (5) soutien aux soignants. L’étude met en évidence la nature multifacette des soins aux enfants aux besoins médicaux complexes. Cette liste de domaines prioritaires orientera les futurs projets provinciaux, nationaux et internationaux de recherche en santé qui ciblent les besoins prédominants de la population.
Priority research areas for the care of children/youth with complex care need...DataNB
The global incidence of children/youth presenting with complex care needs (CNN) has been increasing. Given their multidimensional care needs and frequent transitions between providers and settings, they often experience discontinuity or gaps in care. Patients and their families are increasingly being considered as active partners in healthcare and it is becoming common to explore patient priorities when looking to conduct research around healthcare delivery and improvement. The objective of this study was to explore priority research areas related to improving the delivery of health services for children/youth with CCN. This study captured the experiences and recommendations of caregivers to help ensure that future research addresses issues relevant to those receiving care. We used a cross-sectional qualitative descriptive design. Data was collected using semi-structured interviews and self-report surveys, and this data was analyzed using qualitative content analysis. Data was collected from 37 caregivers of children/youth with CCN across NB. The top five priority research areas identified in the data were: (1) accessing appropriate services and resources; (2) care continuity and coordination; (3) transitional age youth; (4) school and daycare system barriers; and (5) caregiver support. The current study highlights the multifaceted nature of caring for children with complex care needs. This list of the top health service delivery research priority areas for caregivers of children/youth with CCN in NB will provide direction for future provincial, national, and international health research projects that are based on the most important needs of the population.
NB HEARS : Essai d’une approche communautaire de l’équité en santé auditive d...DataNB
HEARS (Hearing Equity through Accessible Research Solutions) is an evidence-based, community-delivered hearing care program implemented in Saint John through the Healthy Seniors Pilot Project. Age related hearing loss is associated with harmful effects to mental, social, and physical health. If left untreated, it is also a leading risk factor for dementia. Barriers to care can include access, cost, stigma, and awareness. New Brunswick is known for having a high proportion of older adults and trends of income disparity. The HEARS program fosters accessibility and health equity by providing participants with hearing loss with an amplification device along with education and counselling. Findings of improvements in communication, social participation, and quality of life indicated that HEARS provides a viable solution for older adults with hearing loss in New Brunswick. The large number of those who were interested in and completed the program also indicates that there is a need for innovative, accessible, and affordable solutions such as HEARS for older adults requiring support for hearing loss. The success of HEARS in two Canadian provinces indicates its adaptability and suitability for scaling to extend the reach of hearing services for older adults who may not otherwise access care.
NB HEARS: Trial of a community-based approach to hearing health equity in a N...DataNB
HEARS (Hearing Equity through Accessible Research Solutions) is an evidence-based, community-delivered hearing care program implemented in Saint John through the Healthy Seniors Pilot Project. Age related hearing loss is associated with harmful effects to mental, social, and physical health. If left untreated, it is also a leading risk factor for dementia. Barriers to care can include access, cost, stigma, and awareness. New Brunswick is known for having a high proportion of older adults and trends of income disparity. The HEARS program fosters accessibility and health equity by providing participants with hearing loss with an amplification device along with education and counselling. Findings of improvements in communication, social participation, and quality of life indicated that HEARS provides a viable solution for older adults with hearing loss in New Brunswick. The large number of those who were interested in and completed the program also indicates that there is a need for innovative, accessible, and affordable solutions such as HEARS for older adults requiring support for hearing loss. The success of HEARS in two Canadian provinces indicates its adaptability and suitability for scaling to extend the reach of hearing services for older adults who may not otherwise access care.
Northumberland County Project Presentation February 2024.pdfDataNB
Primary healthcare often lacks the integration and coordination of care for complex-needs patients: patients with a combination of multiple chronic conditions, who are high-cost users, and are often older. Care is benefitted from coordination among health and social services, and community organizations. A new care coordination model is needed to assist these complex-needs patients.
This presentation will discuss and summarize this project, which developed a new care coordination model, with the goal to strengthen primary healthcare in the community for complex-needs patients. Using a novel, technology-enabled, integrated case-management approach, the overall goal was to decrease rates of ER visits and acute hospital admissions.
Northumberland County Project Presentation February 2024 FR.pdfDataNB
Primary healthcare often lacks the integration and coordination of care for complex-needs patients: patients with a combination of multiple chronic conditions, who are high-cost users, and are often older. Care is benefitted from coordination among health and social services, and community organizations. A new care coordination model is needed to assist these complex-needs patients.
This presentation will discuss and summarize this project, which developed a new care coordination model, with the goal to strengthen primary healthcare in the community for complex-needs patients. Using a novel, technology-enabled, integrated case-management approach, the overall goal was to decrease rates of ER visits and acute hospital admissions.
Réadaptation pulmonaire novatrice en partenariat avec la collectivité pour le...DataNB
Un citoyen du Nouveau-Brunswick de plus de 35 ans sur neuf a reçu un diagnostic de maladie pulmonaire obstructive chronique (MPOC); un sur cinq chez les plus de 65 ans. Les MPOC constituent, derrière l’accouchement, la deuxième cause d’admission à l’hôpital (3 100 par an) dans la province et y représentent 5,2 % des décès.
L’accès a la réadaptation pulmonaire, traitement de choix des MPOC, reste un défi de taille malgré le fardeau pratique et économique que ces maladies font peser sur le Nouveau-Brunswick. Notre projet avait pour but de concevoir une approche étudiante novatrice qui accroît l’accès à la réadaptation pulmonaire tout en offrant aux étudiants des cycles supérieurs en soins de santé une expérience formative du traitement des MPOC.
Le financement du PPAS a permis de créer une clinique de réadaptation pulmonaire étudiante qui a recruté 180 étudiants en soins de santé au collège communautaire ou à l’université. En collaboration avec des inhalothérapeutes expérimentés, les étudiants ont traité 80 personnes à Saint John et à St. Stephen. Chaque clinique de huit semaines a permis aux personnes atteintes d’une MPOC modérée à sévère d’acquérir les compétences nécessaires pour mieux gérer elles-mêmes leur maladie. On a mesuré les indicateurs de santé avant et après chaque clinique et constaté des améliorations cliniquement notables. Les personnes traitées ont marché nettement plus loin et rapporté moins de symptômes et une incidence moindre de la MPOC sur leur vie quotidienne, première preuve du succès de notre approche.
Notre présentation vise à exposer plus en détail le projet, l’incidence de ses résultats, la composante étudiante de la réadaptation pulmonaire et nos plans pour l’avenir du projet.
Présentateurs : Tammie Black et Kyle Brymer PhD
Innovative and Community Partnered Pulmonary Rehabilitation for Seniors in NBDataNB
1 in 9 New Brunswick (NB) citizens over the age of 35 have a chronic obstructive pulmonary disease (COPD) diagnosis; this incidence increases to 1 in 5 over the age of 65. COPD admissions (3100/annum) are second only to childbirth in NB and COPD accounts for 5.2% of NB deaths.
The Gold Standard intervention for COPD is Pulmonary Rehabilitation (PR). Despite the economic and pragmatic burden that COPD places on NB, access to PR continues to be a significant challenge. The purpose of our project was to develop a novel student-infused approach that increases access to PR while providing an educational experience for senior healthcare students in the treatment of COPD.
With HSPP funding, a student-infused PR clinic was created that recruited 180 healthcare students from community college and university programs. Working with experienced respiratory therapists, healthcare students delivered PR to 80 people in Saint John and Saint Stephen. Each 8-week clinic provided individuals with moderate to severe COPD the necessary skills to better self-manage their disease. Indicators of health were measured before and after each clinic, and clinically meaningful improvements occurred. PR participants walked significantly farther and reported fewer symptoms and less impact of COPD on daily life. This is initial evidence that our approach to PR was successful in the treatment of COPD.
The purpose of this presentation will be to discuss this project in greater detail, the implications of our findings, the “student-infused” model of PR, as well as our plans for the future of the project.
Presenters: Tammie Black and Dr. Kyle Brymer
Impact of Public Health Postnatal Home Visiting in NB on Breastfeeding among ...DataNB
The Healthy Families Healthy Babies (HFHB) program, a Government of New Brunswick initiative, offers home-based early intervention services for at-risk first-time mothers and their infants, targeting health and developmental concerns. In collaboration with NB-IRDT, this program has undergone comprehensive evaluation, examining short-term and longer-term outcomes, extending up to preschool age, among participants in the postnatal HFHB services. Notably, HFHB postnatal program participation was found to have a positive impact on the duration of breastfeeding. Postnatal program participants were more likely to be breastfeeding at 18 months and had a longer average duration of breastfeeding than non-participants.
A Mixed Method Study Evaluating an Innovative Care Model for Rural Outpatient...DataNB
The care model in Saint John, New Brunswick, supports outpatient mastectomies and lumpectomies, the primary treatments for non-metastatic breast cancer. Given the geographic distribution of the province, many patients travel long distances to receive surgical care at regional hospitals. These patients may face: i) a stressful trip home post-surgery, ii) expensive hotel accommodations; or iii) medically unnecessary hospital stays. Therefore, the Breast Health Program partnered with Delta Hotels by Marriott in Saint John to create the “Delta Oasis” program that offers rural outpatient breast surgery patients and their families’ free accommodations and extramural care. The present study used a mixed-methods approach to investigate patients’ experiences with this program. We found that the program yielded positive benefits for patients, including reduced stress and discomfort associated with travel, and for the Delta Hotels, such as increased customer loyalty and word-of-mouth advertising (i.e., incentives to continue offering the program). Furthermore, there are significant financial implications associated with the Delta Oasis program that could yield health system savings; hotel accommodations are five times less costly than traditional hospital stays for breast surgery perioperative care. The Delta Oasis program is a beneficial alternative to inpatient care that is often not medically necessary for breast cancer surgery. Thanks to the innovative partnership between Saint John’s Breast Health Program and Delta Brunswick Hotel, the Delta Oasis program generates zero cost to the provincial healthcare system. Establishing funding partners and adapting this service to other types of low-risk surgery could bring forth added health system savings.
Une étude à méthode mixte évaluant un modèle de soins innovant pour les patie...DataNB
Le modèle de soins mis en place à Saint John (Nouveau-Brunswick) permet de réaliser des mastectomies et des tumorectomies en ambulatoire, lesquelles sont les principaux traitements du cancer du sein non métastatique. Compte tenu de la répartition géographique de la province, de nombreuses patientes parcourent de longues distances pour recevoir des soins chirurgicaux dans des hôpitaux régionaux. Ces patientes peuvent affronter : i) un retour stressant à la maison après l’opération, ii) un hébergement coûteux à l’hôtel, ou iii) des séjours à l’hôpital inutiles sur le plan médical. C’est pourquoi le programme de santé du sein s’est associé au Delta Hotels (Marriott) de Saint John pour créer le programme « Delta Oasis » qui offre l’hébergement gratuit et des soins extra-muros aux patientes des zones rurales ayant subi une chirurgie du sein en ambulatoire ainsi qu’à leur famille. La présente étude a utilisé des méthodes mixtes pour étudier l’expérience des patientes avec ce programme. Nous avons constaté que le programme avait des effets positifs pour les patientes, notamment une diminution du stress et de l’inconfort liés au voyage, et pour les hôtels Delta, une fidélisation de la clientèle et une publicité de bouche à oreille (un incitatif pour poursuivre le programme). Qui plus est, le programme Delta Oasis comporte d’importants aspects financiers qui pourraient générer des économies pour le système de santé; les séjours à l’hôtel sont cinq fois moins coûteux que les séjours traditionnels à l’hôpital pour les soins périopératoires liés à la chirurgie mammaire. Le programme Delta Oasis est une option de rechange avantageuse aux soins hospitaliers, qui souvent ne sont pas médicalement nécessaires pour une chirurgie du cancer du sein. Grâce au partenariat novateur entre le programme de la santé du sein de Saint John et l’hôtel Delta Brunswick, le programme Delta Oasis ne coûte rien au système de santé provincial. La mise en place de partenariats financiers et l’adaptation de ce service à d’autres types de chirurgie à faible risque pourraient permettre de réaliser des économies additionnelles pour le système de santé.
Projected Outcomes of Extending Public Funding of Pharmacy ServicesDataNB
Background:
Although legislation permits New Brunswick pharmacy professionals to administer a wide range of immunizations, public funding for these services is currently limited to immunizations against influenza and COVID-19 and was recently extended to include pneumococcal immunization (Pneu23) in individuals aged 65 years or older. We used administrative data to project health and economic outcomes associated with the current Pneu23 program and with extension of public funding to include: 1) younger adults aged 19 years or older in the Pneu23 program, and 2) tetanus boosters (Td/Tdap).
Methods:
Two model scenarios were compared: a Physician-Only model in which physicians remain the only practitioners to administer publicly funded Pneu23 and Td/Tdap, and a Blended model in which this service is also provided by pharmacy professionals. Immunization rates by practitioner type were projected based on physician billing data accessed via the New Brunswick Institute for Research, Data and Training in conjunction with trends observed with influenza immunization by pharmacists. These projections were used along with published data to estimate health and economic outcomes under each model.
Results:
Public funding of Pneu23 (65+), Pneu23 (19+) and Td/Tdap (19+) administration by pharmacy professionals is projected to yield increased immunization rates and physician time savings compared with the Physician-Only model. Public funding of Pneu23 and Td/Tdap administration by pharmacy professionals in those aged ≥19 years would result in cost savings, owing primarily to productivity losses avoided in the working age population.
Discussion:
Increased immunization rates, physician time savings and cost savings may be realized if public funding were extended to include administration of Pneu23 in younger adults and Td/Tdap, by pharmacy practitioners.
Presenter: Dr. Chris Folkins
Projection des résultats de l’extension du financement public des services ph...DataNB
Projection des résultats en matière de santé et d’économie conséquents de l’extension du financement public des services pharmaceutiques pour inclure l’administration des vaccins Pneu-P-23 et dcaT/dT par les praticiens en pharmacie au Nouveau Brunswick.
Contexte :
Bien que la loi permette aux professionnels de la pharmacie du Nouveau-Brunswick d’administrer un large éventail de vaccins, le financement public de ces services est actuellement limité aux vaccins contre la grippe et la COVID 19 et a été récemment étendu pour inclure le vaccin antipneumococcique (Pneu P 23) chez les personnes âgées de 65 ans ou plus. Nous avons utilisé des données administratives pour projeter les résultats en matière de santé et d’économie associés au programme Pneu P 23 actuel et à l’extension du financement public afin d’inclure : 1) les jeunes adultes âgés de 19 ans ou plus dans le cadre du programme Pneu P 23, et 2) les rappels antitétaniques (dcaT/dT).
Méthodes :
Deux scénarios ont été comparés : un modèle réservé uniquement aux médecins, dans lequel ces derniers restent les seuls à administrer le Pneu P 23 et le dcaT/dT financés par le public, puis un modèle mixte dans lequel ce service est également assuré par des professionnels de la pharmacie. Les taux de vaccination par type de praticien ont été projetés sur la base des données de facturation des médecins accessibles par le biais de l’Institut de la recherche, des données et de la formation du Nouveau-Brunswick, en complément avec les tendances observées en matière de vaccination antigrippale par les pharmaciens. Ces projections ont été utilisées avec des données publiques pour estimer les résultats de chaque modèle en matière de santé et d’économie.
Résultats :
Le financement public de l’administration de Pneu P 23 (65 ans et plus), Pneu P 23 (19 ans et plus) et dcaT/dT (19 ans et plus) par des professionnels de la pharmacie devrait permettre d’augmenter les taux de vaccination et d’économiser le temps des médecins par rapport au modèle exclusivement réservé à ces derniers. Le financement public de l’administration du Pneu P 23 et du dcaT/dT par des professionnels de la pharmacie chez les personnes âgées de 19 ans et plus permettrait de réaliser des économies, principalement grâce aux pertes de productivité que cela permettrait d’éviter chez la population active.
Discussion :
L’élargissement aux pharmaciens du financement public pour l’administration du Pneu P 23 et du dcaT/dT chez les jeunes adultes pourrait entraîner une augmentation des taux de vaccination, un gain de temps pour les médecins et une réduction des coûts.
Présentateur: Chris Folkins, Phd
Le profil de santé de la population du Conseil de la santé du Nouveau-Brunswick (CSNB) donne un aperçu de la santé et du mieux-être des personnes qui vivent, apprennent, travaillent et participent à des activités dans chaque communauté de notre province.
Cet outil est conçu pour aider les citoyen.ne.s et les décideurs à développer une compréhension commune des réalités uniques vécues dans chaque communauté et peut être utilisé pour favoriser la collaboration en vue d’une vision commune de la population néo-brunswickoise informée, engagée et en meilleure santé. Les profils sont disponibles pour les 33 communautés et les 7 zones de santé de la province. Chaque profil a été créé en analysant les informations à partir de plus de 400 indicateurs de santé de la population, disponibles dans les tables de données de santé de la population qui sont sur le site web du CSNB.
L’information incluse nous aide à comprendre à quel point les citoyen.ne.s de nos communautés sont en santé aujourd’hui (résultats de santé) et quels facteurs influencent leur santé et leur mieux-être (déterminants de la santé).
The New Brunswick Health Council’s (NBHC) Population Health Profile provides an overview of the health and well-being of people who live, learn, work and take part in activities in each community of our province.
This tool is designed to help citizens and decision makers develop a shared understanding of the unique realities lived in each community and can be used to foster collaboration toward a common vision of informed, engaged, and healthier New Brunswickers. The profiles are available for the 33 communities and the 7 health zones of New Brunswick. Each profile was created by analyzing information from more than 400 population health indicators, available in the Population Health Data Tables on the NBHC website.
The information included helps us understand how healthy the citizens in our communities are today (health outcomes) and what factors influence their health and well-being (health determinants).
Aging in Place Supported by Continuous Wellness MonitoringDataNB
March meeting: Aging in Place Supported by Continuous Wellness Monitoring
As the population ages, New Brunswick is seeing an increasing number of people who wish to age in place at home. Care for these adults increases in complexity as they age and become frailer, particularly towards the end of their lives.
This project provides 24/7 support for healthy aging in place, at home, using a virtual care platform, that will allow for remote patient assessment, planning, monitoring, implementation, and evaluation.
The use of a virtual-care, continuous wellness monitoring platform and associated services, is demonstrated in this project to improve many metrics of wellness, patient, and provider satisfaction, and increase the efficiency of care delivery at a lower cost.
This platform can empower older adults with tools to age in place; reduce emergency room visits/rehospitalization and paramedic calls; increase the interconnectedness of seniors with friends/family, informal caregivers, and senior advocates; support and connect formal caregivers, such as social workers; and delay/reduce admission to residential facilities.
Presenters: Dr. Keith Brunt and Pat Kelly
Changes in mental health and substance use associated with the COVID-19 pandemicDataNB
- Depression, low self-rated mental health, habitual binge drinking, and habitual cannabis use significantly increased during the COVID-19 pandemic compared to before in New Brunswick. Anxiety did not significantly change.
- Younger age, low income, urban residence, and living alone were associated with worse mental health outcomes during the pandemic. Increased substance use was linked to younger age and male gender.
- Experiences of loneliness, emotional distress, relationship problems, difficulty meeting needs, job/income loss, and increased substance use due to stress were associated with adverse mental health outcomes and increased substance and alcohol use during the pandemic.
About Potato, The scientific name of the plant is Solanum tuberosum (L).Christina Parmionova
The potato is a starchy root vegetable native to the Americas that is consumed as a staple food in many parts of the world. Potatoes are tubers of the plant Solanum tuberosum, a perennial in the nightshade family Solanaceae. Wild potato species can be found from the southern United States to southern Chile
Synopsis (short abstract) In December 2023, the UN General Assembly proclaimed 30 May as the International Day of Potato.
A Guide to AI for Smarter Nonprofits - Dr. Cori Faklaris, UNC CharlotteCori Faklaris
Working with data is a challenge for many organizations. Nonprofits in particular may need to collect and analyze sensitive, incomplete, and/or biased historical data about people. In this talk, Dr. Cori Faklaris of UNC Charlotte provides an overview of current AI capabilities and weaknesses to consider when integrating current AI technologies into the data workflow. The talk is organized around three takeaways: (1) For better or sometimes worse, AI provides you with “infinite interns.” (2) Give people permission & guardrails to learn what works with these “interns” and what doesn’t. (3) Create a roadmap for adding in more AI to assist nonprofit work, along with strategies for bias mitigation.
Monitoring Health for the SDGs - Global Health Statistics 2024 - WHOChristina Parmionova
The 2024 World Health Statistics edition reviews more than 50 health-related indicators from the Sustainable Development Goals and WHO’s Thirteenth General Programme of Work. It also highlights the findings from the Global health estimates 2021, notably the impact of the COVID-19 pandemic on life expectancy and healthy life expectancy.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
Combined Illegal, Unregulated and Unreported (IUU) Vessel List.Christina Parmionova
The best available, up-to-date information on all fishing and related vessels that appear on the illegal, unregulated, and unreported (IUU) fishing vessel lists published by Regional Fisheries Management Organisations (RFMOs) and related organisations. The aim of the site is to improve the effectiveness of the original IUU lists as a tool for a wide variety of stakeholders to better understand and combat illegal fishing and broader fisheries crime.
To date, the following regional organisations maintain or share lists of vessels that have been found to carry out or support IUU fishing within their own or adjacent convention areas and/or species of competence:
Commission for the Conservation of Antarctic Marine Living Resources (CCAMLR)
Commission for the Conservation of Southern Bluefin Tuna (CCSBT)
General Fisheries Commission for the Mediterranean (GFCM)
Inter-American Tropical Tuna Commission (IATTC)
International Commission for the Conservation of Atlantic Tunas (ICCAT)
Indian Ocean Tuna Commission (IOTC)
Northwest Atlantic Fisheries Organisation (NAFO)
North East Atlantic Fisheries Commission (NEAFC)
North Pacific Fisheries Commission (NPFC)
South East Atlantic Fisheries Organisation (SEAFO)
South Pacific Regional Fisheries Management Organisation (SPRFMO)
Southern Indian Ocean Fisheries Agreement (SIOFA)
Western and Central Pacific Fisheries Commission (WCPFC)
The Combined IUU Fishing Vessel List merges all these sources into one list that provides a single reference point to identify whether a vessel is currently IUU listed. Vessels that have been IUU listed in the past and subsequently delisted (for example because of a change in ownership, or because the vessel is no longer in service) are also retained on the site, so that the site contains a full historic record of IUU listed fishing vessels.
Unlike the IUU lists published on individual RFMO websites, which may update vessel details infrequently or not at all, the Combined IUU Fishing Vessel List is kept up to date with the best available information regarding changes to vessel identity, flag state, ownership, location, and operations.
Preliminary findings _OECD field visits to ten regions in the TSI EU mining r...OECDregions
Preliminary findings from OECD field visits for the project: Enhancing EU Mining Regional Ecosystems to Support the Green Transition and Secure Mineral Raw Materials Supply.
United Nations World Oceans Day 2024; June 8th " Awaken new dephts".Christina Parmionova
The program will expand our perspectives and appreciation for our blue planet, build new foundations for our relationship to the ocean, and ignite a wave of action toward necessary change.
United Nations World Oceans Day 2024; June 8th " Awaken new dephts".
Retention and Labour Market Outcomes of Registered Apprentices in New Brunswick: 2009 to 2017
1. Retention and Labour Market Outcomes of Registered
Apprentices in New Brunswick: 2009 to 2017
September 13, 2021 | Eton Boco
2. Becoming a Tradesperson in Canada
Tradesperson in
Canada
Certified
Trade
Qualifier/Challenger
Registered
Apprentice
Non-Certified
Non-compulsory
Trade
2
3. Red Seal Trades have standardized training and skill assessment requirements across the provinces and territories. In provinces and
territories that conduct the standardized examination, the successful candidate will have a Red Seal attached to their provincial or
territorial certificate, making them Red Seal Endorsed.
• Red Seal Trades under the Red Seal Program, e.g.
• Construction Electrician (also a compulsory trade)
• Baker
• Welder
• Plumber (also a compulsory trade)
• Non-Red Seal Trades, e.g.
• Engineering Assistant
• Locksmith
• Switchboard Operator
• Automotive Service Technician (Steering, Suspension, and Brakes) (also a compulsory trade)
Complete list of Red Seal Trades and Compulsory Trades can be found here: https://www2.gnb.ca/content/gnb/en/departments/post-
secondary_education_training_and_labour/Skills/content/ApprenticeshipAndTrades/DesignatedOccupations.html
3
Becoming a Tradesperson in Canada
4. Average retention rates for Tradespersons in NB – 2009 to 2017
Overall sample: 89.49% 86.70%
in graduation year after 2 years
Apprentices: 96.04% 93.11%
in graduation year after 2 years
Trade Qualifiers: 80.30% 77.05%
in graduation year after 2 years
Red Seal Endorsed: 94.55% 91.46%
in graduation year after 2 years
No Red Seal Endorsement: 70.25% 64.58%
in graduation year after 2 years
4
Highlight of Findings
This is compared to a 91.52% &
84.19% average retention
for NB Graduates whose
province of residence prior to
admission is reported as NB;
5. 5
More Highlights
Average Starting Income for Tradespersons in NB – 2009 to 2017
Overall sample: $69,118
Apprentices: $65,666
Trade Qualifiers: $73,816
Red Seal Trades: $68,623
Non-Red Seal Trades: $75,579
Red Seal Endorsed: $66,588
No Red Seal Endorsement: $79,148
This is compared to an average starting
income of about $32,000 for NB college
degree holders, $39,600 for NB
Undergraduate degree holders and $61,500
for NB Graduate degree holders
6. Data & Methodology
Education and Labour Market
Longitudinal Linkage Platform
(ELMLP)
•Post Secondary
Information System
(PSIS)
•Registered
Apprenticeship
Information System
(RAIS)
•T1 Family File (T1FF)
(i.e., Tax Data)
7. Retention is calculated as:
7
x-year retention rate =
Number of certificate holders who declare NB as their province of residence on Dec. 31 of a tax year
Total number of certificate holders who are tax filers in that same tax year.
Therefore, a “Retained Student” is a tax-filing graduate who still declares NB as their province of residence as at Dec 31st of
their graduation year or two years after.
Analysis is based on certificate holders who completed an income tax return (only about 4% to 8% of certificate holders do not file a return in
a given year). General tax filer counts are based on the number of NB certificate holders who filed taxes in the tax year, given their
certification dates. Provincial tax filer counts are based on the same characteristics as the general tax filer
8. Income is based on:
8
Taxable income =
Income is based on the certificate holders’ total taxable income as stated on their tax return. General tax filer counts are based
on the number of NB certificate holders who filed taxes in the tax year, given their certification dates. Provincial tax filer
counts are based on the same characteristics as the general tax filer
Total income (Canada Revenue Agency’s definition) minus deductions reported on the tax
return. Includes net self-employment income
Employment income = Income as reported from employers on T4 slips. It includes all paid-employment income, i.e.,
wages, salaries, and commissions, before deductions. It excludes self-employment income.
All income is in 2017 constant dollars.
9. Notes:
9
• Minimum sample size restrictions prevent results from being released in some years and in some categories. This applies also to
residual disclosure numbers.
• In these categories, we supplement our results with online aggregate tables using the same datasets. These tables are put
together by Statistics Canada. Unfortunately, retention rates are not calculated in these tables, and we are limited to only general
counts and income.
11. Apprentice Registrations in NB, 2009 to 2019
11
Sources: RAIS Microdata Files; Statistics Canada, Table: 37-10-0023-01: Number of apprenticeship program registrations.
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Total 5,160 5,290 5,400 5,260 5,280 5,390 5,490 5,400 5,532 5,772 5,916
New
registrations
1,200 1,194 1,173 1,017 1,125 1,203 1,149 1,023 1149 1,233 1,215
Reinstated/
registered
3,963 4,095 4,227 4,242 4,158 4,185 4,344 4,377 4,386 4,542 4,701
12. NB Completers and Trade Qualifiers: Taxable Income in Canada
12
$60,000
$70,000
$80,000
$90,000
One year after
certification
Two years after
certification
Five years after
certification
2009
2010
2011
2012
2013
2014
2015
$60,000
$70,000
$80,000
$90,000
One year after
certification
Two years after
certification
Five years after
certification
2009
2010
2011
2012
2013
2014
2015
Apprentices/Completers
Trade Qualifiers
Source: RAIS + T1FF Microdata Files
13. Age Distribution of Apprentices vs Trade Qualifiers in NB
13
20 to 24 years
25 to 29 years
30 to 34 years
35 to 39 years
40 to 44 years
45 to 49 years
50 years and over
Apprentice Trade qualifier
Source: Statistics Canada. Table 37-10-0089-01 Number of certificates granted to registered apprentices and trade qualifiers
14. NB Completers and Trade Qualifiers in NB: Retention
Retention in Certification Year
14
20%
40%
60%
80%
100%
2011 2012 2013 2014 2015 2016 2017
Apprentices Trade Qualifiers/Challengers
20%
40%
60%
80%
100%
2011 2012 2013 2014 2015
Apprentices Trade Qualifiers/Challengers
2-year retention rate
Source: RAIS + T1FF Microdata Files
15. Median Employment Income of NB Tradespersons in Canada by Trade Group
15
2009 2010 2011 2012 2013 2014 2015 2016
2 years 5 years 2 years 5 years 2 years 5 years 2 years 5 years 2 years 5 years 2 years 2 years 2 years
Automotive service technician $42,082 $46,588 $41,505 $45,503 $43,333 $43,685 $43,069 $44,966 $45,327 $47,409 $40,645 $42,649 $44,496
Bricklayer X X X X $56,011 $60,117 X X $49,501 $57,781 X X X
Carpenter $41,798 $48,885 $39,697 $40,704 $39,697 $44,154 $38,309 $38,651 $36,236 $42,551 $38,524 $34,956 $38,446
Construction electrician $63,929 $79,589 $60,498 $60,215 $65,816 $59,658 $63,489 $57,155 $58,700 $59,530 $56,461 $54,340 $55,581
Cook $36,080 $39,374 $33,626 $40,616 $43,128 $44,056 $37,165 $38,133 $39,501 $38,602 $35,894 $38,318 $45,953
Crane operator X X X X $118,533 $105,385 X X X X X X X
Heavy duty equipment technician $86,490 $74,897 $99,647 $97,438 $93,763 $69,198 $69,413 $73,313 $66,050 $68,054 $73,567 $69,139 $72,756
Industrial electrician $89,061 $87,781 $83,391 $92,258 $97,380 $93,548 $87,722 $90,234 $80,684 $82,248 $80,664 $80,645 $79,824
Industrial instrumentation and control
technician
$88,152 $105,610 $102,580 $92,512 X X $94,046 $91,827 X X $88,465 $99,149 $103,763
Industrial mechanic (millwright) $78,553 $90,791 $79,403 $85,464 $77,350 $81,827 $83,040 $79,198 $83,607 $83,313 $79,912 $79,990 $75,972
Ironworker X X $70,879 $107,575 X X X X X X X X X
Machinist X X $49,159 $55,923 X X $49,022 X X X X X X
Motor vehicle body repairer X X X X X X $47,624 $55,767 X X X X X
Plumber $53,558 $57,790 $60,743 $53,010 $60,440 $49,628 $55,669 $52,492 $49,834 $54,506 $48,348 $48,641 $48,338
Powerline technician
X X X X X X $110,576 $120,009 $108,465 $122,150 $115,004 X X
Refrigeration and air conditioning
mechanic
$65,190 $61,046 $69,785 $76,940 $73,968 $84,692 $70,811 $72,737 $65,161 $68,533 $77,360 $65,308 $73,431
Roofer X X X X X X X X X X X X $72,297
Sheet metal worker X X X X X X $53,519 $57,927 $52,834 $54,340 $39,736 X $50,801
Steamfitter - pipefitter $71,407 $79,188 $88,963 $87,106 $78,504 $84,183 $73,636 $77,370 $91,603 $79,081 $68,553 $49,061 $69,325
Truck and transport mechanic $52,121 $56,481 $52,825 $60,176 $56,872 $60,097 $53,900 $57,957 $54,672 $59,579 $55,024 $64,486 $57,292
Welder $52,258 $61,075 $67,663 $82,649 $66,598 $60,987 $87,253 $62,189 $75,386 $61,505 $69,951 $53,988 $61,476
2017 Constant Dollars. Source: Statistics Canada, 37-10-0194-01: Median employment income of journeypersons who certify in select trades two and five years after
certification, cross-sectional analysis. ‘x’ means data were suppressed to meet the confidentiality requirements of the Statistics Act or that the values were too unreliable to be
published.
16. 2012 Cohort Only
16
$- $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 $140,000
Automotive service technician
Construction electrician
Heavy duty equipment technician
Industrial instrumentation and control technician
Machinist
Plumber
Refrigeration and air conditioning mechanic
Steamfitter - pipefitter
Welder
5 years 2 years
Source: Statistics Canada. Table 37-10-0194-01 Median employment income of journeypersons who certify in selected trades, two and five years after certification,
cross-sectional analysis
Median Employment Income of NB Tradespersons in Canada by Trade Group
17. Retention of NB Tradespersons by Trade Group
17
20%
40%
60%
80%
100%
2011 2012 2013 2014 2015 2016 2017
Category 1 Category 2
20%
40%
60%
80%
100%
2011 2012 2013 2014 2015
Category 1 Category 2
Retention in Certification Year 2-year retention rate
Source: RAIS + T1FF Microdata Files
18. Taxable Income of NB Red Seal Trades vs Non-Red Seal Trades in Canada
18
2009 2010 2011 2012 2013 2014 2015 2016
Red Seal Trades
One year after
certification
$67,830 $63,188 $67,825 $71,465 $75,407 $70,762 $63,880 $65,500
Two years after
certification
$69,713 $66,968 $73,907 $74,365 $71,895 $66,926 $65,100
Five years after
certification
$81,656 $72,101 $71,700 $69,300
Non-Red Seal Trades
One year after
certification
$70,517 $67,212 $72,861 $83,889 $95,509 $67,466 $71,598
Two years after
certification
$75,369 $68,468 $77,943 $90,718 $94,555 $69,872 $74,100
Five years after
certification
$99,571 $72,616 $81,449 $97,700
Source: RAIS + T1FF Microdata Files
19. Age Distribution: NB Red Seal Trades vs Non-Red Seal Trades
19
Source: Statistics Canada. Table 37-10-0089-01 Number of certificates granted to registered apprentices and trade qualifiers
20 to 24 years
25 to 29 years
30 to 34 years
35 to 39 years
40 to 44 years
45 to 49 years
50 years and over
Red Seal Non-Red Seal
20. Red Seal Endorsed Certificates vs Non-Red Seal Endorsed Certificates
20
Red Seal Endorsed Certificates = Red Seal Trade Only (examination required to receive Certificate of Qualification)
Non-Red Seal Endorsed Certificate = Red Seal Trade or Non-Red Seal Trade (No examination written)
21. Retention of NB Red Seal Endorsed Certificates vs Non-Red Seal Endorsed
21
Retention in Certification Year 2-year retention rate
20%
40%
60%
80%
100%
2009 2010 2011 2012 2013 2014 2015 2016 2017
Non-Red Seal Endorsed Red Seal Endorsed
20%
40%
60%
80%
100%
2009 2010 2011 2012 2013 2014 2015
Non-Red Seal Endorsed Red Seal Endorsed
Source: RAIS + T1FF Microdata Files
22. Taxable Income of NB Red Seal Trades and Non-Red Seal Endorsed in Canada
22
2009 2010 2011 2012 2013 2014 2015 2016
Red Seal Endorsed
One year after
certification
$ 65,480 $ 62,644 $ 65,896 $ 69,979 $ 74,470 $ 68,290 $ 61,544 $ 64,400
Two years after
certification
$ 67,973 $ 66,325 $ 72,315 $ 73,428 $ 71,174 $ 64,794 $ 63,200
Five years after
certification
$ 76,969 $ 72,410 $ 70,379 $ 68,300
Non-Red Seal Endorsed
One year after
certification
$78,352 $67,212 $78,111 $ 87,712 $88,635 $82,195 $76,168 $74,800
Two years after
certification
$77,870 $70,611 $82,084 $ 87,385 $85,182 $79,317 $76,500
Five years after
certification
$104,882 $73,955 $80,941 $ 87,800
Source: RAIS + T1FF Microdata Files
23. Age Distribution: NB Red Seal Endorsed vs Non-Red Seal Endorsed
23
20 to 24 years
25 to 29 years
30 to 34 years
35 to 39 years
40 to 44 years
45 to 49 years
50 years and over
Without Red Seal endorsement With Red Seal endorsement
Source: Statistics Canada. Table 37-10-0089-01 Number of certificates granted to registered apprentices and trade qualifiers
25. Appendix
25
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Total
Total trades 939 960 1,155 1,089 1,035 1,014 1,062 1,011 993 1,167 1,017
Non-Red Seal
trade
54 51 81 48 78 69 117 150 105 135 129
Red Seal
trade
882 912 1,074 1,044 957 945 945 861 888 1,029 891
Apprentice
Total trades 579 603 741 738 618 645 600 534 639 660 636
Non-Red Seal
trade
30 27 30 27 30 12 12 45 15 27 30
Red Seal
trade
549 573 711 714 588 636 588 489 624 639 606
Trade
qualifier
Total trades 357 360 417 351 417 369 462 477 354 504 378
Non-Red Seal
trade
24 21 51 18 48 57 105 105 90 114 99
Red Seal
trade
336 336 363 330 366 312 357 372 264 393 279
Statistics Canada. Table 37-10-0089-01 Number of certificates granted to registered apprentices and trade qualifiers
Total Number Of Trades Certificates Granted in NB By Red Seal Status
26. 26
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Apprentice
Total certificates 579 603 741 738 618 645 600 534 639 660 636
With Red Seal
Endorsement
549 573 696 708 588 627 588 486 624 639 606
Without Red Seal
Endorsement
30 27 42 33 30 18 12 48 15 27 30
Trade qualifier
Total certificates 357 360 417 351 417 369 462 477 354 504 378
With Red Seal
Endorsement
195 228 240 258 264 222 252 246 177 162 153
Without Red Seal
Endorsement
162 129 174 90 150 144 210 231 177 345 228
Statistics Canada. Table 37-10-0089-01 Number of certificates granted to registered apprentices and trade qualifiers
Total Number Of Trades Certificates Granted in NB By Red Seal Endorsement Status
27. Taxable Income of NB Tradespersons in Canada by Age Group
27
18 to 30 years old 30 to 40 years old
Source: RAIS + T1FF Microdata Files
$50,000
$60,000
$70,000
$80,000
$90,000
One year after
certification
Two years after
certification
Five years after
certification
2009
2010
2011
2012
2013
2014
2015
$50,000
$60,000
$70,000
$80,000
$90,000
One year after
certification
Two years
after
certification
Five years
after
certification
2009
2010
2011
2012
2013
2014
2015
$50,000
$60,000
$70,000
$80,000
$90,000
One year after
certification
Two years
after
certification
Five years
after
certification
2009
2010
2011
2012
2013
2014
40 to 65 years old
28. Retention of NB Tradespersons by Age group
28
Retention in Certification Year 2-year Retention Rate
75%
80%
85%
90%
95%
100%
2009 2010 2011 2012 2013 2014 2015 2016 2017
18 to 30 years 30 to 40 years 40 to 65 years
75%
80%
85%
90%
95%
100%
2009 2010 2011 2012 2013 2014 2015
18 to 30 years 30 to 40 years 40 to 65 years
Source: RAIS + T1FF Microdata Files
Editor's Notes
Compared to 2009, there were 15% more registrations and 8% more certificates granted in 2019.
Using 2017 constant Canadian dollars, this report shows that completers and trade qualifiers have somewhat similar average taxable income patterns (see Figures 1 and 2). However, cohorts of trade qualifiers see a wider range of starting income compared to cohorts of completers. Overall, completers in NB have an average starting income ranging between $60,000 and $72,000 (Tables 15 and 16 in Appendix). Average starting incomes for trade qualifiers are higher but are more varied between cohorts and by years since certification. Their starting taxable income ranges between $62,000 and $84,000.
Although roughly 60% of certificates granted each year are awarded to apprentices, the gap in earnings between the two groups lies in the pre-certification experience required for trade qualifiers. To successfully pass provincial examinations for a trade and receive a certificate, trade qualifiers must have sufficient work experience and knowledge in that trade (StatCan, 2010).
Completers, on the other hand, are only required to have completed an apprenticeship program. As a result, trade qualifiers are often older and have more work experience by the time they are awarded certificates. It comes as no surprise, then, that trade qualifiers often earn more than apprentices. Five years after certification, however, some cohorts of completers do catch up with and surpass their corresponding trade qualifier cohorts.
Completers are also known as apprenticeship completers.
The overall starting taxable income range for all certificate holders was $63,000 - $77,000 on average (Table 5).
Why? Because they are more experienced? That is apparent from what follows but the statement is premature here
Crane operator- compulsory trade and red seal trade
Cook and Carpenter - Only Red Seal
Industrial Instrumentation – Only Red Seal
Powerline Tech – Only Red Seal
Iron Worker – Only Red Seal
Comparing the median income of the trade groups two and five years after certification shows that the highest income is often highest among the Industrial Instrumentation and Control Technician trade groups, and lowest among the Cook trade group. However, for the highest earnings trade groups mentioned, they have the highest incomes in the years employment incomes for other high-earning trade groups are not released. Crane Operators, Iron workers or Power line Technicians are usually the highest earners when looking at the years income data is available for them(see Table 8).
Despite the greater mobility – and therefore more options – Red Seal occupations are designed to give, non-Red Seal trade certificate holders earn considerably more on average than Red Seal trade certificate holders in most cohorts. The income gap between the two groups also widens as more time passes since certification for most cohorts (Table 9) because income growth is sometimes higher among cohorts of non-Red Seal trade certificate holders, which might mean smaller chances of a ‘catch-up’ for Red Seal trade certificate holders.
It should also be noted that there are far more Red Seal certificates than non-Red Seal certificates, and the small number of non-Red Seal certificates may be limited to a high-earning trade group.
Non-Red Seal Endorsement are trade qulaifiers mostly
A possible explanation for the higher retention among Red Seal endorsed journeypersons is the ‘shadow population’ of journeypersons. The shadow population of journeypersons refers to certified journeypersons who work in one province or territory while continuing to reside in another (Government of Canada, 2020).
According to Statistics Canada, of the 1,700 journey persons certified in Nova Scotia (NS), Newfoundland and Labrador (NL) and NB in 2014, 26% were employed in other provinces. NB was named as one of the provinces in which the majority of shadow populations reside. This means that the high retention rates among Red Seal endorsed journeypersons may be due to the number of those who reside but do not work in NB.
The province of taxation, which is used to calculate retention, is based on residence as of December 31 of the tax year. Given the fact that Red Seal endorsement allows journeypersons to work anywhere in Canada, it is likely that a portion Red Seal endorsed journeypersons may remain in NB after certification but work elsewhere in Canada .
Compared to other provinces, NB Red Seal trade certificate holders earn competitive wages (Figure 6). For the 2009 cohort of certificate holders, those certified in NB received the third-highest income five years after certification among provinces/regions. Compared to the Atlantic region, the 2009 cohort of NB red seal trade certificate holders earned slightly more two years after certification. This gap in earnings fluctuates over time, as the difference increases to slightly over $4,000 five years after certification in favour of the Atlantic average.
Doesn’t the tax data indicate province where most income was earned?
If there is such a variable, it’s not available in the ELMLP tax files. This is based on the province where the filer is subject to tax.
Among provinces?
And regions. I included that.