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Invest in Toronto Region:
                            Accelerate Innovation to
                       Drive Competitive Advantage


                                                       April 2010
TORONTO REGION RESEARCH ALLIANCE




                                                       www.trra.ca
Breakthrough Innovation




         Insulin (1921)

                          Stem Cells (1961)


                                              Blackberry™ (1999)


                                                             www.trra.ca
Pivotal North American Location




                                  www.trra.ca
Key Facts


         7.4 million people – 4th largest urban
         centre in North America

         $349 Billion GDP

         64% of population 25-64 with post-
         secondary education

         79,700 science & technology workplaces
         (308,000 overall)

         30% of Canada’s most highly-cited
         scientists



Sources: Environics Analytical Group 2010; Conference Board of Canada, 2007; ISI, 2010
                                                                                         www.trra.ca
Exceptional Infrastructure



  Publicly supported, integrated transit
  systems

  100% digital telecom infrastructure

  2 Major rail carriers

  7 Major highways

  6 Airports with 79 carriers

  Largest, electronically cleared
  container facility in the Great Lakes




                                           www.trra.ca
Magnet for Innovative Companies




                             v




                                  www.trra.ca
Substantial R&D Investment –
Canadian Headquarters in Toronto Region


                                   R&D Expenditure   Rank
            Company
                                     $000 FY2008     CDN
 Magna International                    693,000       3
 IBM Canada                             397,000       5
 Research in Motion                     384,000       6
 Atomic Energy of Canada Ltd.           329,000       7
 Apotex                                 219,000       9
 GlaxoSmithKline Inc. (Canada)          150,000       13
 Ericsson                               126,000       14
 Open Text Corporation                  113,000       17
 Aastra Technologies Limited            105,000       18
 Biovail                                99,000        23
 AstraZeneca Canada                     89,000        25

Source: Research InfoSource 2009

                                                            www.trra.ca
Why the Toronto Region?



  Global Status

  Top Talent

  Outstanding R&D

  Competitive Costs

  Advanced Economy

  Attractive Lifestyle




                          www.trra.ca
Global Status
Hub of Leading Clusters


                   Number of key strategic clusters in which
               Toronto Region ranks in the top 5 in North America
   Los Angeles                                                                         22
       Chicago                                                                   20

Toronto Region                                                             18
     New York                                                              18
        Boston                          7
         Dallas                         7                           Toronto Region Top Clusters
      San Jose                      5
      Houston                   4                                        #2 Automotive
        Detroit             3                                            #2 Food Production
   Philadelphia             3                                            #2 Financial Services



  Sources: (US) ISC Harvard 2007, (Canadian) Institute of Competitiveness and Prosperity Canadian Cluster Data 2006
                                                                                                        www.trra.ca
On the Rise and Connected to the World

                   Broadband Penetration, G7 Countries through June 2009
  35

                                                                                                                                        Canada



                                                                                                                                        Germany
  30

                                                                                                                                        France



  25                                                                                                                                    Unit ed Kingdom



                                                                                                                                        Unit ed St at es



  20                                                                                                                                    Japan



                                                                                                                                        OECD



  15                                                                                                                                    It aly




 Source :
  10




    5




    0
        2001-   2002-   2002-   2003-   2003-   2004-   2004-   2005-   2005-   2006-   2006-   2007-   2007-   2008-   2008-   2009-
         Q4      Q2      Q4      Q2      Q4      Q2      Q4      Q2      Q4      Q2      Q4      Q2      Q4      Q2      Q4      Q2




 Source: OECD 2010
                                                                                                                                          www.trra.ca
Top Talent
Best Educated Population in the World



            Percentage of Population with Post-Secondary Education
                            (25 to 64 years of age)


 80%
          64%
 60%

 40%

 20%

  0%
             To                Ru                  Ca             Ja        US     UK   Fr        Ge          Ita
                  ro              s      sia          n   ad         pa        A          an        rm           ly
                     n   to                                  a          n                    ce        an
                            Re               n   Fe                                                       y
                              gi o                 de
                                     n                  rat
                                                           i on




Sources: Statistics Canada, 2006; OECD Education at a Glance, 2007
                                                                                                        www.trra.ca
Most Ethnically Diverse Region




                                                   Over 100 languages and
                                                   major dialects
                                                   60% of immigrants have at
                                                   least one university degree
                                                   Connected to business and
                                                   science worldwide




Source: Statistics Canada, 2006; City of Toronto
                                                                                 www.trra.ca
Continually Renewed Pool of Skilled Workers




                                87,000 Graduates /Year        47,000 Immigrants /Year
                                                               with University Degree




                                   1.8 Million Workers with University Degrees or
                                            College Diplomas (25-64 Years)




Sources: Statistics Canada, 2006; Common University Data Ontario, 2009
                                                                                        www.trra.ca
Leading Region for Top Scientists

        Number of Highly Cited Scientists Per Million People

    Switzerland                                                     15.14
   United States                                          12.98
 Toronto Region                                    7.96
        Sweden                              6.89
           Israel                          6.73
    Netherlands                          6.31
       Denmark                        5.66
        Canada                        5.72
       Australia                     5.44
       Germany                3.18
         France             2.60
          Japan          2.08
         Austria           2.38
         Ireland        1.74
             Italy    1.43
          United     1.05

 Source: ISI, 2009

                                                                  www.trra.ca
Outstanding R&D
World-Leading Research and Education




                                                    9 Universities
                                                    12 Academic Hospitals
                                                    8 Institutes of Technology and Colleges
                                                    Over 300 Research Institutes
                                                    320,000 Full-Time Students
                                                    87,000 Graduating Students per Year
                                                    11,450 Faculty Members




Sources: Common University Data Ontario, 2010; Ministry of Training, Colleges and Universities, 2006
                                                                                                       www.trra.ca
Advanced Research Collaborations

Examples Include:

 Canadian Institute for Advanced Research

 Guelph Molecular Super Centre

 MaRS Discovery District

 Ontario Centres of Excellence

 Ontario Institute for Cancer Research

 Perimeter Institute for Theoretical Physics

 Sheridan Science and Technology Park

                                               www.trra.ca
Canadian Institute for Advanced Research



  Globally recognized
  Located in the heart of Toronto
  International, trans-disciplinary
  research collaborations
  Over 300 of the world’s top
  scientists from 13 countries
  14 Nobel Laureates
  12 Research Programs
  1,400 post-graduates




                                           www.trra.ca
MaRS Discovery District


 750,000 sf innovation centre in downtown
 Toronto focused on creating and growing a
 new generation of technology companies
 The MaRS Centre co-locates 65
 organizations and 2,000 people from:
    Multinational companies
    Public research labs
    Technology start-ups
    Venture capital firms
    Professional services firms
    Technology transfer offices
    Regional associations and networks

 Over $350 million in funding from the
 private sector, the Governments of Ontario
 and Canada, and university and regional
 stakeholders



                                              www.trra.ca
Ontario Institute for Cancer Research


 $142 million funding by the Government of
 Ontario

 Toronto based

 Modeled after the Broad Institute at
 Harvard and MIT

 Multi-disciplinary and multi-institutional
 collaboration

 Supports over 50 internationally
 recognized researchers across the
 province

 Led by Dr. Tom Hudson, world-leading
 genomics researcher

                                              www.trra.ca
Perimeter Institute for Theoretical Physics

  World leading foundational
  theoretical physics research
  institute

  Located in the thriving city of
  Waterloo

  $175 million endowment

  42 resident researchers

  300-plus visiting scientists per year

  Shared knowledge agreements with
  30 universities worldwide

                                              www.trra.ca
Advanced Research Resources


Examples Include:
 Automotive Centre of Excellence at
 University of Ontario Institute of
 Technology
 Canada Centre for Electron Microscopy
 at McMaster University
 Ontario Tumour Bank
 ORION/CANARIE high bandwidth
 networks
 Positron Emission Tomography Centre at
 the Centre for Addiction and Mental
 Health
 The University of Toronto Structural
 Genomics Consortium
                                          www.trra.ca
Canadian Centre for Electron Microscopy



                          $ 18 million facility with most
                          advanced suite of electron
                          microscopes in the world

                          Shared vision of almost 90
                          researchers across Canada

                          Key component of national
                          nanoscience strategy

                          Opened in June 2007 at
                          Brockhouse Institute for Materials
                          Science at McMaster University




                                                      www.trra.ca
ORION/CANARIE high bandwidth networks


ORION
  Leading-edge network for Ontario’s
  research community
  Spans 5,800 km to 21 cities in Ontario
  Electronic resources for faculty and
  students
  Access to almost 10 million articles from
  over 7,600 research journals
CANARIE
  Links ORION users to researchers across
  Canada and around the world
  World’s first national, user-controlled,
  optical Internet research and education
  network
                                              www.trra.ca
Competitive Costs
Competitive Operating Costs for R&D

                 Low Operating Costs for Research and Development

               Toronto         95.8
               Raleigh           96.4
                Dallas                  97.7
              Houston                    97.9
               Chicago                      98.8
                  Paris                            100.1
                Boston                               100.8
            San Diego                                100.9
              London                                     101.7
         New York City                                    102
             Frankfurt                                           103.6
                Tokyo                                                      108.9
                          95                  100                  105       110

                                            Cost Index: 100 = US Average

           Source: KPMG Competitive Alternatives 2010
                                                                                   www.trra.ca
Lowest Expenditure on Health Care as a
    Percentage of GDP in G7 (2007)



           Ontario                                    7.6
                                                                            70% of health care costs
            Japan                                       8.1                 in Canada are publicly-
                                                                            funded compared to 45%
 United Kingdom                                          8.4
                                                                            in the United States.
               Italy                                        8.7

           Canada                                                 10.1

         Germany                                                   10.4

            France                                                   11.0

     United States                                                                   16.0




Sources: OECD Health Data 2008, www.investinontario.com, 2009
                                                                                            www.trra.ca
Lower Corporate Income Taxes
(% of income)



              Ontario                                                 32.0%

     North Carolina                                                                41.9%

           New York                                                                 42.1%

                Illinois                                                            42.3%

               Indiana                                                                43.5%

    Massachusetts                                                                     43.8%

           California                                                                 43.8%

       Pennsylvania                                                                     45.0%


  Sources: Deloitte Quick Facts 2008, Federation of Tax Administrators 2010, OECD Tax Database 2009

                                                                                                 www.trra.ca
Exceptional R&D Tax Credits*


     France                                               123.9


     Canada                                     100


       Japan                             85.9


         U.K.                            84


         U.S.                        80.6


         Italy                      77


   Germany                          76.1

                                                *Index Canada = 100

  Source: Think Canada March 2010

                                                                      www.trra.ca
Favourable Cost of Living



     Toronto                           70.9
                                                                      Index = 100 (New York)
     Chicago                                   80.7

 Los Angeles                                          87.6

      London                                                 92.7

          Paris                                              95.1

    Shanghai                                                 95.2

   Singapore                                                    98
    New York                                                        100

  Hong Kong                                                               108.7

        Tokyo                                                                                     143.7




  Source: Mercer Cost of Living Survey, 2009
                                                                                          www.trra.ca
Additional Support

  Grants and loans
       Ontario Advanced Manufacturing Investment Strategy (AMIS)
       Ontario Market Readiness Program
       Ontario Biopharmaceutical Investment Program (BIP)
       Ontario Next Generation of Jobs Fund
       Federal Industrial Research Assistance Program (IRAP)
       Federal Sustainable Development Technology Canada
       Federal Technology Partnerships Canada


  Other Support
       Regional Innovation Centres and Sector Innovation Centres
       Ontario Centres of Excellence
       Industry Liaison Initiatives by Universities, Colleges, Institutes of
       Technology, and Hospitals




                                                                         www.trra.ca
Advanced Economy
Large Multi-Sectored Economy


 Resilient to business cycles

 Exceptional support services

 Cross-sectoral scope and synergy

 Large talent pools in critical staff areas

 Magnet for knowledge and creativity




                                              www.trra.ca
Leading the Convergence of R&D Clusters



                                           Photonics
                              Robotics                     Electronics
                                                                Medical devices
     Environmental technologies
                                            Advanced                Medical imaging
            Nanotechnology                 Manufacturing

                                                                         Biomaterials
       Quantum
       computing                                                         Stem cell research
                                     ICT               BIO
          Cryptography                                                   Drug development

         Digital Media                                                     Biomarkers
                         Wireless
                                     Health informatics            Proteomics           Agri-Food




                                                                                           www.trra.ca
Attractive Lifestyles
Appealing Lifestyle Options


                    Safe environment

                    Vibrant arts and culture

                    Exceptional sports and recreation

                    Great variety of urban, suburban and rural
                    communities




                                                        www.trra.ca
Leadership and Commitment




      The Hon Dalton McGuinty, Premier                    Courtney Pratt
          TRRA Founding Co-Chairs:                          Chairman
 Mr. Gordon Nixon, CEO, RBC Financial Group      Toronto Region Research Alliance
Dr. John Evans, Chair, MaRS Discovery District
            (TRRA Launch October 2005)


                                                                       www.trra.ca
TRRA offers R&D Investors



1. Key information and data

2. Quick access to regional leadership (governments,
   business and institutions)

3. Reliable navigation and introductions to the most relevant
   regional resources




                                                                www.trra.ca
Let’s Get Started ….


Global Status

Top Talent

Outstanding R&D

Competitive Costs

Advanced Economy

Attractive Lifestyles




                        www.trra.ca
Why Invest in Toronto Region?
Click to play embedded video




                                www.trra.ca
For more information, contact us:




            Toronto Region Research Alliance
             MaRS Centre, Heritage Building
              101 College Street, Suite HL30
                  Toronto, ON M5G 1L7
                   Email: info@trra.ca
                   Tel: 1 416 673 6674
                   Fax: 1 416 673 6671
                       www.trra.ca




                                               www.trra.ca

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Invest in Toronto Region: Drive Innovation for Competitive Edge

  • 1. Invest in Toronto Region: Accelerate Innovation to Drive Competitive Advantage April 2010 TORONTO REGION RESEARCH ALLIANCE www.trra.ca
  • 2. Breakthrough Innovation Insulin (1921) Stem Cells (1961) Blackberry™ (1999) www.trra.ca
  • 3. Pivotal North American Location www.trra.ca
  • 4. Key Facts 7.4 million people – 4th largest urban centre in North America $349 Billion GDP 64% of population 25-64 with post- secondary education 79,700 science & technology workplaces (308,000 overall) 30% of Canada’s most highly-cited scientists Sources: Environics Analytical Group 2010; Conference Board of Canada, 2007; ISI, 2010 www.trra.ca
  • 5. Exceptional Infrastructure Publicly supported, integrated transit systems 100% digital telecom infrastructure 2 Major rail carriers 7 Major highways 6 Airports with 79 carriers Largest, electronically cleared container facility in the Great Lakes www.trra.ca
  • 6. Magnet for Innovative Companies v www.trra.ca
  • 7. Substantial R&D Investment – Canadian Headquarters in Toronto Region R&D Expenditure Rank Company $000 FY2008 CDN Magna International 693,000 3 IBM Canada 397,000 5 Research in Motion 384,000 6 Atomic Energy of Canada Ltd. 329,000 7 Apotex 219,000 9 GlaxoSmithKline Inc. (Canada) 150,000 13 Ericsson 126,000 14 Open Text Corporation 113,000 17 Aastra Technologies Limited 105,000 18 Biovail 99,000 23 AstraZeneca Canada 89,000 25 Source: Research InfoSource 2009 www.trra.ca
  • 8. Why the Toronto Region? Global Status Top Talent Outstanding R&D Competitive Costs Advanced Economy Attractive Lifestyle www.trra.ca
  • 10. Hub of Leading Clusters Number of key strategic clusters in which Toronto Region ranks in the top 5 in North America Los Angeles 22 Chicago 20 Toronto Region 18 New York 18 Boston 7 Dallas 7 Toronto Region Top Clusters San Jose 5 Houston 4 #2 Automotive Detroit 3 #2 Food Production Philadelphia 3 #2 Financial Services Sources: (US) ISC Harvard 2007, (Canadian) Institute of Competitiveness and Prosperity Canadian Cluster Data 2006 www.trra.ca
  • 11. On the Rise and Connected to the World Broadband Penetration, G7 Countries through June 2009 35 Canada Germany 30 France 25 Unit ed Kingdom Unit ed St at es 20 Japan OECD 15 It aly Source : 10 5 0 2001- 2002- 2002- 2003- 2003- 2004- 2004- 2005- 2005- 2006- 2006- 2007- 2007- 2008- 2008- 2009- Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Source: OECD 2010 www.trra.ca
  • 13. Best Educated Population in the World Percentage of Population with Post-Secondary Education (25 to 64 years of age) 80% 64% 60% 40% 20% 0% To Ru Ca Ja US UK Fr Ge Ita ro s sia n ad pa A an rm ly n to a n ce an Re n Fe y gi o de n rat i on Sources: Statistics Canada, 2006; OECD Education at a Glance, 2007 www.trra.ca
  • 14. Most Ethnically Diverse Region Over 100 languages and major dialects 60% of immigrants have at least one university degree Connected to business and science worldwide Source: Statistics Canada, 2006; City of Toronto www.trra.ca
  • 15. Continually Renewed Pool of Skilled Workers 87,000 Graduates /Year 47,000 Immigrants /Year with University Degree 1.8 Million Workers with University Degrees or College Diplomas (25-64 Years) Sources: Statistics Canada, 2006; Common University Data Ontario, 2009 www.trra.ca
  • 16. Leading Region for Top Scientists Number of Highly Cited Scientists Per Million People Switzerland 15.14 United States 12.98 Toronto Region 7.96 Sweden 6.89 Israel 6.73 Netherlands 6.31 Denmark 5.66 Canada 5.72 Australia 5.44 Germany 3.18 France 2.60 Japan 2.08 Austria 2.38 Ireland 1.74 Italy 1.43 United 1.05 Source: ISI, 2009 www.trra.ca
  • 18. World-Leading Research and Education 9 Universities 12 Academic Hospitals 8 Institutes of Technology and Colleges Over 300 Research Institutes 320,000 Full-Time Students 87,000 Graduating Students per Year 11,450 Faculty Members Sources: Common University Data Ontario, 2010; Ministry of Training, Colleges and Universities, 2006 www.trra.ca
  • 19. Advanced Research Collaborations Examples Include: Canadian Institute for Advanced Research Guelph Molecular Super Centre MaRS Discovery District Ontario Centres of Excellence Ontario Institute for Cancer Research Perimeter Institute for Theoretical Physics Sheridan Science and Technology Park www.trra.ca
  • 20. Canadian Institute for Advanced Research Globally recognized Located in the heart of Toronto International, trans-disciplinary research collaborations Over 300 of the world’s top scientists from 13 countries 14 Nobel Laureates 12 Research Programs 1,400 post-graduates www.trra.ca
  • 21. MaRS Discovery District 750,000 sf innovation centre in downtown Toronto focused on creating and growing a new generation of technology companies The MaRS Centre co-locates 65 organizations and 2,000 people from: Multinational companies Public research labs Technology start-ups Venture capital firms Professional services firms Technology transfer offices Regional associations and networks Over $350 million in funding from the private sector, the Governments of Ontario and Canada, and university and regional stakeholders www.trra.ca
  • 22. Ontario Institute for Cancer Research $142 million funding by the Government of Ontario Toronto based Modeled after the Broad Institute at Harvard and MIT Multi-disciplinary and multi-institutional collaboration Supports over 50 internationally recognized researchers across the province Led by Dr. Tom Hudson, world-leading genomics researcher www.trra.ca
  • 23. Perimeter Institute for Theoretical Physics World leading foundational theoretical physics research institute Located in the thriving city of Waterloo $175 million endowment 42 resident researchers 300-plus visiting scientists per year Shared knowledge agreements with 30 universities worldwide www.trra.ca
  • 24. Advanced Research Resources Examples Include: Automotive Centre of Excellence at University of Ontario Institute of Technology Canada Centre for Electron Microscopy at McMaster University Ontario Tumour Bank ORION/CANARIE high bandwidth networks Positron Emission Tomography Centre at the Centre for Addiction and Mental Health The University of Toronto Structural Genomics Consortium www.trra.ca
  • 25. Canadian Centre for Electron Microscopy $ 18 million facility with most advanced suite of electron microscopes in the world Shared vision of almost 90 researchers across Canada Key component of national nanoscience strategy Opened in June 2007 at Brockhouse Institute for Materials Science at McMaster University www.trra.ca
  • 26. ORION/CANARIE high bandwidth networks ORION Leading-edge network for Ontario’s research community Spans 5,800 km to 21 cities in Ontario Electronic resources for faculty and students Access to almost 10 million articles from over 7,600 research journals CANARIE Links ORION users to researchers across Canada and around the world World’s first national, user-controlled, optical Internet research and education network www.trra.ca
  • 28. Competitive Operating Costs for R&D Low Operating Costs for Research and Development Toronto 95.8 Raleigh 96.4 Dallas 97.7 Houston 97.9 Chicago 98.8 Paris 100.1 Boston 100.8 San Diego 100.9 London 101.7 New York City 102 Frankfurt 103.6 Tokyo 108.9 95 100 105 110 Cost Index: 100 = US Average Source: KPMG Competitive Alternatives 2010 www.trra.ca
  • 29. Lowest Expenditure on Health Care as a Percentage of GDP in G7 (2007) Ontario 7.6 70% of health care costs Japan 8.1 in Canada are publicly- funded compared to 45% United Kingdom 8.4 in the United States. Italy 8.7 Canada 10.1 Germany 10.4 France 11.0 United States 16.0 Sources: OECD Health Data 2008, www.investinontario.com, 2009 www.trra.ca
  • 30. Lower Corporate Income Taxes (% of income) Ontario 32.0% North Carolina 41.9% New York 42.1% Illinois 42.3% Indiana 43.5% Massachusetts 43.8% California 43.8% Pennsylvania 45.0% Sources: Deloitte Quick Facts 2008, Federation of Tax Administrators 2010, OECD Tax Database 2009 www.trra.ca
  • 31. Exceptional R&D Tax Credits* France 123.9 Canada 100 Japan 85.9 U.K. 84 U.S. 80.6 Italy 77 Germany 76.1 *Index Canada = 100 Source: Think Canada March 2010 www.trra.ca
  • 32. Favourable Cost of Living Toronto 70.9 Index = 100 (New York) Chicago 80.7 Los Angeles 87.6 London 92.7 Paris 95.1 Shanghai 95.2 Singapore 98 New York 100 Hong Kong 108.7 Tokyo 143.7 Source: Mercer Cost of Living Survey, 2009 www.trra.ca
  • 33. Additional Support Grants and loans Ontario Advanced Manufacturing Investment Strategy (AMIS) Ontario Market Readiness Program Ontario Biopharmaceutical Investment Program (BIP) Ontario Next Generation of Jobs Fund Federal Industrial Research Assistance Program (IRAP) Federal Sustainable Development Technology Canada Federal Technology Partnerships Canada Other Support Regional Innovation Centres and Sector Innovation Centres Ontario Centres of Excellence Industry Liaison Initiatives by Universities, Colleges, Institutes of Technology, and Hospitals www.trra.ca
  • 35. Large Multi-Sectored Economy Resilient to business cycles Exceptional support services Cross-sectoral scope and synergy Large talent pools in critical staff areas Magnet for knowledge and creativity www.trra.ca
  • 36. Leading the Convergence of R&D Clusters Photonics Robotics Electronics Medical devices Environmental technologies Advanced Medical imaging Nanotechnology Manufacturing Biomaterials Quantum computing Stem cell research ICT BIO Cryptography Drug development Digital Media Biomarkers Wireless Health informatics Proteomics Agri-Food www.trra.ca
  • 38. Appealing Lifestyle Options Safe environment Vibrant arts and culture Exceptional sports and recreation Great variety of urban, suburban and rural communities www.trra.ca
  • 39. Leadership and Commitment The Hon Dalton McGuinty, Premier Courtney Pratt TRRA Founding Co-Chairs: Chairman Mr. Gordon Nixon, CEO, RBC Financial Group Toronto Region Research Alliance Dr. John Evans, Chair, MaRS Discovery District (TRRA Launch October 2005) www.trra.ca
  • 40. TRRA offers R&D Investors 1. Key information and data 2. Quick access to regional leadership (governments, business and institutions) 3. Reliable navigation and introductions to the most relevant regional resources www.trra.ca
  • 41. Let’s Get Started …. Global Status Top Talent Outstanding R&D Competitive Costs Advanced Economy Attractive Lifestyles www.trra.ca
  • 42. Why Invest in Toronto Region? Click to play embedded video www.trra.ca
  • 43. For more information, contact us: Toronto Region Research Alliance MaRS Centre, Heritage Building 101 College Street, Suite HL30 Toronto, ON M5G 1L7 Email: info@trra.ca Tel: 1 416 673 6674 Fax: 1 416 673 6671 www.trra.ca www.trra.ca