Canadian Business Owner magazine Winter 2024 Edition

Canadian

Winter 2024 Edition

Business Owner ISSN 2817-1926 MEBCCanada.com

Multicultural Entrepreneurs Business Community Magazine

Canadian Companies Are Growing Their International Footprint.

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Canadian

Business Owner Vol 2 Issue 5 Winter 2024

CONTENTS 03

Co-Create Local Opportunities Founder's Message

05 06 08

CES 2024 Showcase of Technology Trends

ISSN 2817-1926

Ontario Pavillion at CES 2024 Québec companies at CES 2024

Featured Entrepreneurs

20

Upcoming Featured Events

23

Featured Opportunities

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Founder / Publisher: Rasheed Walizada 647-967-2200 Rasheed@Walizada.com

MEBCCANADA.com

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Canadian Business Owner is a quarterly online magazine published in Toronto by Multicultural Entrepreneurs Business Community. www.MEBCCanada.com

Multicultural Entrepreneurs

Business Community

Mailing Address: 1108 - 250 Consumers Road #850 Toronto, ON M2J 4V6 Canada The contents of this publication may not be reproduced either in part or in whole without prior written consent using the above contact info. The information in this online publication is for general information purposes only. The founder assumes no liability or responsibility for any inaccurate or incomplete information nor for any actions taken in reliance thereon.

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Featured Articles The Business of Real Estate New Paths to Affordable Home Ownership

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Rasheed Walizada Founder / Publisher

Canadian

MEBCCANADA.com

Co-Create Local Opportunities Multicultural Entrepreneurs

Business Owner Business Community

As we publish the Winter 2024 Edition of Canadian Business Owner magazine, we enter the second year of publication. We are grateful for being able to feature so many Canadian entrepreneurs in the 2023 editions from diverse backgrounds and diverse industries.

Starting with this edition in 2024, we are expanding the presence and coverage of Canadian Business Owner magazine internationally. We are also featuring Canadian entrepreneurs who are expanding their global footprint. In this edition, we cover CES 2024 in Las Vegas, United States, the largest technology convention, including the Canadian Pavilion, and the participation of many Canadian businesses from Ontario, Québec, British Columbia, and Alberta.

We are also excited to introduce Canadian Business Villages.

This initiative focuses on co-creating local opportunities in both cities and rural areas. Business Villages bring together new and established businesses, corporates, and the support of government entities, in underused spaces to innovate and co-create local opportunities. The objective is to create a supportive environment for innovation, collaboration, and shared resources. This concept not only strengthens local economies but also encourages community engagement and sustainable development. If you are interested, visit BusinessVillage.ca Canadian

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CES® 2024 established the technology narrative for the year ahead. With 135,000+ attendees, from 150 countries, regions and territories, 4300+ exhibitors, including a record 1400+ startups from around the globe in Eureka Park®, CES showcased the innovative trends shaping tomorrow and solving the world’s most pressing challenges.

CTA's 100th Anniversary – The Consumer Technology Association kicked off its 100th anniversary at CES 2024, celebrating a century of igniting innovation by advocating for innovation-friendly policies, capturing emerging trends in market research, developing consensus standards, and convening innovators to solve some of the world’s biggest challenges.

“The resurgence of CES proves that face-to-face conversations and meetings are a necessity for the technology industry,” said Gary Shapiro, president and CEO of, Consumer Technology Association (CTA)®. “For more than 20 years, I’ve said that every company must become a tech company, and the diversity of exhibitors at CES 2024 proves it. The CES footprint and conference programming span the entire tech ecosystem.” Learn more at CES.tech Canadian

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Team Ontario Canada at Ontario delegation to CES 2024 included 16 companies in diverse industries led by Mauricio Ospina Area Director, USA – ICT. Honourable Victor Fedeli Ontario’s Minister of Economic Development, Job Creation, and Trade was at the opening of the Ontario Pavilion as well as Raed Kadri Head of the Ontario Vehicle Innovation Network (OVIN) - the Ontario Centre of Innovation.

To learn more about Ontario delegates visit SourceFromOntario.com/CES

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Québec companies at Entreprises québécoises au Consumer Electronic Show 2024 The Québec trade mission was organized by Investissement Québec International, in collaboration with the Quebec delegation in Los Angeles, and in partnership with CENTECH and Propulsion Québec. The delegation was more than 85 participants, from 42 companies and 6 organizations.

To learn more about Québec companies visit exportation.investquebec.com

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Enable your people, enhance your workspace & empower your IT Scan to win & learn more

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Business Owner

Featured Entrepreneurs

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Steven Vanloffeld Founder & CEO eSupply Canada

Saugeen First Nation, ON

Steven Vanloffeld is a multi-business entrepreneur from Saugeen First Nation, ON, who has a passion for Indigenous community economic development. He is the Founder and CEO of eSupply Canada, a national e-commerce distributor of business and industrial supplies; Founder & CEO of Couch Cushion, a revenue generation technology company; and Principal of INDsight Consulting, a management consultancy focused on Indigenous relations and reconciliation.

Prior to embarking on his entrepreneurial journey, Steven served as an elected member of Council for his community, and also helped transform Indigenous child welfare in Ontario as Executive Director of the Association of Native Child and Family Service Agencies of Ontario. His work centres on empowering Indigenous peoples and communities while promoting understanding and reconciliation between Indigenous peoples and Canadians.

SUPPLY CHAIN DIVERSITY Many government departments and agencies, public institutions and industries are mindful of supporting supply chain diversity. eSupply Canada is 100% Indigenous-owned and give back to each and every community that makes eSupply Canada their supplier of choice. From the front office to the job site and everywhere in between, eSupply Canada helps organizations deliver on their commitment to supply chain diversity.

Learn more at eSupply Canada

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Raheel Kamal Co-Founder & Director N2 Infrastructure Technologies Inc. Mississauga, ON

Raheel Kamal's journey as an engineer and co-founder of N2 Infrastructure Technologies exemplifies a profound dedication to both innovation and making a positive social impact, positioning her as a pioneering engineer on a mission.

Fusing cutting-edge technology and a profound understanding of the unique challenges faced by remote communities, Raheel's vision represents a beacon of hope for a more connected and resilient Canada.

In the expansive landscapes of Canada's remote regions, where daily supply chains and emergency services face formidable challenges, N2 Infrastructure Technologies emerges as a revolutionary drone-based logistics startup dedicated to reshaping accessibility and affordability for residents in the country's hard-to-reach areas.

Operating as a subscription-based logistics service provider, N2 is at the forefront of utilizing drone technology to navigate and overcome the geographical barriers that impede traditional logistics.

Crucially, at the core of N2's vision is a commitment to eco-friendliness, actively contributing to the realization of the United Nations' Sustainable Development Goals.

This underscores N2 Infrastructure's holistic approach to addressing logistical challenges while aligning with global sustainability objectives. www.n2infra.com

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Cole Rosentreter Founder & CEO Pegasus Edmonton, AB

Cole Rosentreter is a 15-year veteran of the Canadian Army, having served in a parachute infantry role through multiple deployments and operations internationally.

Cole applies the ethos of performance-oriented servant leadership and engagement.

He founded Pegasus with a vision to launch the new Aerospace sector and deliver intelligence-driven solutions to solving the biggest challenges facing our environment, economy, and way of life.

Pegasus is an aerospace company developing advanced technologies to unlock the full potential of autonomous systems to end destructive wildfires. On the path to solving this challenge at scale. Pegasus is partnering with government and industry leaders to develop and de-risk the technologies to solve urgent aerospace challenges and unlock the next century of aviation.

Pegasusimagery.ca

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Andrei Matei Co-Founder & CEO Robbox® Inc. Vancouver, BC

Andrei Matei is the cofounder & CEO at Robbox.

Andrei has been working in the technology and manufacturing industries since 2012.

Robbox is an award-winning technology company that is developing the first-generation of Smart Digital Power Tools for the connected world.

Through the integration of senses and intelligence in their tools — Robbox is changing the way people use and interact with their handheld tools for future generations while bringing an exciting line of new high-tech tools to a market that is ripe for disruption.

Robboxtools.com

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Your Partner for Reliable, Innovative, Technology Solutions 360-degree IT Services for All Industries

POS | IT Equipment | Refurbished Laptops

Fast and Reliable Remote and Onsite IT Support Contact Us: 1.877.3.HELIOS | Brian@heliotech.ca

Heliotech.ca

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Toronto, ON

Rahim Lalani CTO & Co-Founder

Vipan Nikore MD CEO & Co-Founder

Vipan Nikore MD, MBA, FACP is a software engineer turned physician and global leader in Health Innovation. In addition to his role at Homecare Hub, he is the Chief Medical Director of TD Bank, a practicing internist at Trillium Health Partners and Cleveland Clinic, and an Assistant Professor at the University of Toronto.

Rahim Lalani is the co-founder and Chief Technology Officer of Homecare Hub. A University of Waterloo Computer Science Graduate with a Masters in Management of Technology, he has over 20 years of technology and management experience and is the former Director of Software Consulting at a global technology services firm.

Our healthcare system is overwhelmed, and as our population ages our society will struggle even more to provide care and housing for those with complex healthcare needs. This will cause an even further backlog in our system.

Homecare Hub is a purpose-driven team with a bold vision to solve this upcoming crisis by increasing the affordable care and housing in our system all while keeping people out of large institutional nursing homes. Homecare Hub does this by creating small, high-quality 2-12 person shared care homes on-demand at an approximately 30% lower price than traditional care and housing options by matching people by care needs, language, disease process, and interests.

HomecareHub.ca

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Co-Founders, Montreal, QC

Colin Gallacher MEng MSc President

NSF lead with Stanford / UBC Canada’s Outstanding Achievement Award, lifelong entrepreneur & mediocre golfer

Steve Ding

MEng Electrical Lead Embedded systems research & AI, data compression for cardiography, fixer of all things & electronics hoarder

Felix Desourdy BEng Mechanical Lead

Advanced additive manufacturing, product design innovation, machinist at 5 years old

Haply Robotics is building the next generation of touch-enabled interfaces in collaboration with leading gaming companies and research organizations from around the world. These physical consoles will combine force-feedback technologies with submillimeter precision wireless tracking in large environments and VR/AR displays.

Inverse3 the latest product by Haply is a new kind of force-feedback controller, reimagined for unmatched versatility.

www.haply.co

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Vancouver, BC

Cierra Moffat President

Jonathan Kitzen CEO / Creator

Cierra Moffat with a background in Mechanical Engineering is responsible for managing and overseeing the development and progress of each project in the Demizine offering.

Jonathan Kitzen is a serial entrepreneur having started more than 10 companies in nearly 3 decades that have focused on manufacturing, hardware, visual sciences, entertainment and commercial real estate.

Demizine Technology A clean tech venture studio. They bring inspiring technologies to life by first validating the technical concept and market fit before corporate formation.

Demizine creates, invests, and inspires clean tech that helps humanity mitigate climate change by changing the way we engage with energy, water, waste, and healthcare.

Demizine projects are all focused on scalable global solutions typically “upstream” of most other solutions. Demizine looks at solving the multitude of smaller issues that tend to later create larger “downstream” problems.

To view Demizine projects and learn more visit demizinetechnology.com

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Co-Founders, Toronto, ON

Kaveh Raeesi

Ehsan Mirdamadi

Kaveh with a BSc in Mechanical Engineering, is specializing in solid design. With over 25 years of experience, he has worked extensively in designing and manufacturing products and production lines.

Ehsan Mirdamadi with a BSc in Computer Science is an advisor, visionary and serial tech entrepreneur. Throughout his 24 years of experience, he has founded, led and exited a couple of successful ventures.

SmartCocoon is The FIRST Smart Microzoning Climate Control System for residential buildings that allows to adjustment of temperature down to specific rooms in the the house.

mysmartcocoon.com

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Co-Founders, Vancouver, BC

William Wang

Michelle Li

Necessity is the mother of invention, and never has a proverb been so true. Meet Will and Michelle, the founders of Leafi Home. As new parents, they sought a retrofit solution to remotely close their infant son’s nursery blinds.

However, what they found on the market was clunky, required drilling or double-sided tape, and had unsightly mechanisms like wires and cords. They embarked on a product innovation journey to design and engineer the best retrofit device to transform everyday blinds into smart blinds. Today, Nova by Leafi has a compact design that installs in minutes with no screws or tape and motorizes your existing blinds with smart home technology. It can be controlled from an app or by voice control (Amazon Alexa or Google Home) and comes ready for future software updates, including solar power and integration into a home's smart thermostat.

leafihome.com

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Co-Founders, Ottawa, ON

Rob Shudra

Dominic Peters

Rob Shudra is the Co-Founder and Creative Director at Velavu.

Dominic Peters is the Co-Founder and Engineering Lead at Velavu.

The Velavu ecosystem is a simple, yet powerful experience to oversee your assets, inventory, and processes.

Whether you need to manage inventory and shipping at a warehouse, oversee vehicles, equipment, and tools at a construction site, or keep track of jump bags for paramedics, Velavu offers low-cost and customized solutions — whether you're indoors, outdoors, or on the go.

Velavu.com

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Canadian

Business Owner

Upcoming Featured Events

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2024 BizCon Tour

BizCon is the community’s largest 1-day event committed to business growth and development!

Mississauga

Toronto

March 27th

July 18th

Mississauga Convention Centre

Markham Convention Centre

Oakville

Hamilton

Sept 18th

Nov 28th

Oakville Conference Centre

Ancaster Fairgrounds

Learn more at BizCon.ca Canadian

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Business Owner

Featured Opportunities & Programs

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Drive Business Savings with New Technology

$15K $50-100K

Free Consulting to Optimize and Modernize Your Company’s Technology

Interest Free Loan from BDC for 60 Months for the Implementation

Take advantage of funding from Innovation, Science and Economic Development Canada and the Canadian Federal Government to modernize your business’ technology.

Use the funding to: Reduce overhead by updating your existing business technology Improve productivity and efficiency Implement more robust Cyber Security Collaborate across locations more effectively Get more out of your existing technology deployment Start Today: 1.877.3.HELIOS Brian@Heliotech.ca

Contact Us

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Business Villages Co-Create Local Opportunities Connect Belong Grow MEBCCanada.com Canadian

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Canada Business App Your mobile business partner Find government programs and services for your business Search for federal, provincial and municipal government programs and services Receive notifications sent directly to your phone New programs and services added monthly Access available 24/7 on your preferred device

https://www.ised-isde.canada.ca/site/ised/en/canada-business-app Canadian

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Estate Taxes Demystified: Examples of Navigating Your Tax Burden Picture this scenario: When you die, based on all the assets you own, there's a tax bill of $1,000,000 owed in your estate (estate taxes). What’s your plan to pay this tax bill? You must plan ahead or else you will leave a disaster for your family to deal with. If you rely on your RRSP, you will need to have over $2,000,000 in your RRSP to lose over $1,000,000 in taxes upon your death to ultimately net $1,000,000 to pay your estate taxes – an impractical approach. This example assumes no spousal rollover of the RRSP, and even if there is a spouse, when the second spouse dies, the RRSPs become fully taxable to the estate.

Taking out a loan to pay this tax bill presents approval uncertainties and interest costs that could burden your family.

Lastly, while using cash seems straightforward, it remains an expensive route for settling an estate tax bill.

Michael Dutra TEP, CLU, CFP

CEO at Michael Dutra Estate Planning & Insurance Michaeldutra.ca

Now, consider a fourth, far more cost-effective strategy – we’ll call “Estate Tax Insurance”.

With this type of insurance, you’re purchasing a large future sum of money you’ll need at a substantial discount today. If you buy a $1,000,000 whole life insurance policy, it won’t cost you nearly $1,000,000 in premiums.

A 40-year-old couple could buy a $1,000,000 joint last-to-die whole life policy for under $15,000/year. If they make payments for 12 years, this equals $180,000 ($15,000 x 12 years) being invested into this whole life policy in exchange for a $1,000,000 tax-free payout to your estate upon your death to pay these taxes. This translates to savings of $820,000 ($1,000,000 - $180,000). You just solved a $1,000,000 problem for $180,000. Whole Life insurance also comes with a savings account called the cash value. You can use this cash value during your lifetime for retirement income, emergencies, and any other cash flow needed. You don’t have to wait until you die to benefit from a whole life policy; there are massive living benefits.

To conclude, the more assets you have, the larger your estate tax bill may be. However, there are cost-effective solutions to tackle this problem.

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The Soft Side of Business Entrepreneurship 5 Ways People Interact With Each Other In the last (Fall) Edition of Canadian Business Owner, I summarized the rules that govern the communication dynamics between people. I identified the 3 Categories as follows: 5 Levels of Intentions – Interactive Objectives 7 Laws of Communications 6 Ego States In this edition, I want to focus on the first one – The 5 Levels of Intention or Interactive Objectives.

1. Gain: This intention is a completely self-centered egoistic approach and people will make maximum effort to gain for themselves. If the other side gains or loses anything, it is of no concern.

Ahmad-Shah Duranai Live and Lead by Design Coach, Educator, Speaker Duranet.ca

2. Gain / Pain: This intention is grounded in anger and scarcity. The purpose is to make the other side suffer as a result of the transaction. People who come with this intention are either blinded by anger and have not matured in some of the 4 areas (physically, mentally, emotionally and spiritually). Obvious examples are the process of hostile divorces and business situations where partners disagree and decide to split or take over the business.

Bullying is another example.

3. Pain / Gain: This approach is grounded in victimism and scarcity. People who are trapped in abusive relationships will accept some pain and suffering in order to avoid a bigger pain.

Many examples are also found in the workplace and business transactions where one side is making the compromises.

4. Pain / Pain: This happens when one or both sides are in a state of extreme anger and or vengeance. Business litigations and hostile divorces where the intentions of one are both parties is to punish other side even if they suffer themselves, Some of the senseless wars between countries also belong in this category, where one side goes to war to make the other side suffer, knowing very well that their own men and women will die as well.

5. Gain / Gain: This Mutual Gain intention is the only one that is sustainable in the long run.

This happens when people come to the table with mutual gain on their mind. They are aware that mutual gain transaction is an effective way for durable relationships, both in business and in personal life. People who want to succeed should nurture this mindset in their business dealings.

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Coming in 2024

Walizada.com

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The Business of

Real Estate Canadian

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New Paths to Affordable Home Ownership

After 6-years of developing our forever affordable housing model, we are releasing details on the communities we are working to build, and you can become involved. Just follow the communities link to support or invest in affordable housing, or volunteer and help us grow. tinytownassociation.com

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Propertypedia.ca Network of Industry Partnerships for Small-Scale Projects Since 2007 we've built a robust network of real estate industry partnerships. We focus on serving Canadian property owners in Greater Toronto Area and across Ontario with small-scale projects.

Land Development We provide qualifying, sophisticated investors, the opportunity to participate in the ownership of small-scale land development projects in Ontario.

Property Syndication We offer qualifying investors, the opportunity to take part in the ownership of small-scale property development projects in Ontario, that would generally be beyond the reach of an individual investor.​

Project Management We bring 15+ years of small-scale real estate project management experience and provide custom solutions and strategies to fit your real estate investment and property development objectives.

Propertypedia.ca

647-967-2200

info@Propertypedia.ca

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Canadian

Winter 2024 Edition

Business Owner Multicultural Entrepreneurs Business Community Magazine

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Business Villages

Walizada .com

Propertypedia.ca

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