February 2013 $3.50 + www.businessincalgary.com Junior AchievementofSouthern AlbertaEconomicFutures Council– I Education MBA| Tax Planning|GolfTournaments Clean GreenTechnology |EventPlanning& Catering| nspiring Leaders UnitetoSupportYouth andEconomy F utures

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page 101 inspiring Futures • Cover Over 65% Inspiring of Achievers indicate Futures Junior Achievement of Southern Economic Futures Council – Junior Achievement Leaders Unite to Support Youth and Economy By deRek sankey inspired them coVeR Photo cRedit: adaM PeaRiso – suReReeL | aLL otheR Photos couRtesy oF Jasa to stay in school.

Take a closer look at our IMPACT Participation in a Junior Achievement of Canada program provides a transformational event that alters ambitions and encourages youth to do more with their lives. According to the Boston Consulting Group, 65% of Achievers (Alumni) indicate that participation in JA Canada programs had a significant impact on staying in school and enrolling in post-secondary education. To learn more about Junior Achievement’s impact or to invest in Southern Alberta’s youth, please call 403 781 2582 or visit jasouthalberta.org

Back Row (L-R): Guy turcotte, alvin Libin, david a. Bissett, todd Poland, Mac Van Wielingen. Are you an Achiever... share your story at: Front Row (L-R): clayton Riddell, James W. davidson, Richard F. haskayne, Jack c. donald, Wayne henuset. Missing: n. Murray edwards, Ronald n. Mannix. facebook.com/JAchievement

welve of ’s most infl uential business and community leaders have united to support a small charity with big impact. Within the space of 10 months, David Bissett, Jim Davidson, Jack tDonald, Murray Edwards, Richard Haskayne, Wayne Henuset, Alvin Libin, Ron Mannix, Todd Poland, , Guy Turcotte and Mac Van Wielingen stepped up in support of Junior Achieve- ment of Southern Alberta. Business in Calgary takes a closer look at this united group.

www.businessincalgary.com | BUSINESS IN CALGARY February 2013 • 37 Inspiring Futures • Cover OilFieldOilField Services Services • Business • Business

Junior Achievement programs recession, was concentrating on fi nd- focus on fi nancial literacy, stay- ing sustainable funding to provide ing in school, work readiness and resources to pursue existing and new entrepreneurship and are deliv- opportunities to impact youth and the ered in more than 800 classrooms economy. “We stepped back and did a across southern Alberta each year. review of the impact JA was making JA depends on 1,400 volunteers and where our support was coming U.S.U.S. Taxation Taxation and and your your who provide programming, free of from,” says Scott Hillier, the president OilfieldOilfield Services Services Business Business charge, to 23,000 Southern Alberta and chief executive of JASA. “The students annually. It has relied potential of JA is extraordinary and AvoidAvoid costly costly surprises surprises by by taking taking a a mostly on corporate donations in we realized how much more we could the past, along with some individual do if we had an increasingly diverse cross-bordercross-border approach approach to totax. tax. and community-based foundations. and sustainable resource base.” By DebraBy Debra Beck Beck Only fi ve per cent of its $2.1-million A Boston Consulting Group survey annual budget comes from any type in 2011 confi rmed JA’s signifi cant of government organization. impact on participants’ lives. “The Jim’s involvement with Junior survey fi ndings were overwhelmingly

Jim Davidson, chairman and chief executive of Calgary- Achievement came at an important positive,” Hillier says. “We knew that based FirstEnergy Capital Corp. time for the rapidly growing orga- we needed to enhance and expand nization that, having weathered the funding for JA programs so we Calgary business leader and philan- ThereThere are manyare many exciting exciting opportunities opportunities south south of the of borderthe border for Canadian for Canadian “As a“As result a result of these of these rules rules based based on days, on days, Canadian Canadian companies companies sending sending thropist Jim Davidson, chairman and oilfieldoilfield services services companies. companies. But, But,with with expansion expansion comes comes U.S. U.S.tax tax employeesemployees to the to U.S.the U.S.need need to be to acutely be acutely aware aware of who of who does does what, what, where where and and considerations.considerations. With With many many ways ways to do to business do business in the in U.S.,the U.S., strategic strategic tax tax whenwhen and andtrack track it,” explains it,” explains Meadow. Meadow. chief executive of Calgary-based First- planningplanning is required is required to prevent to prevent unpleasant unpleasant and andcostly costly surprises. surprises. Energy Capital Corp. knows the value EmployeeEmployee income income tax tax of fi nancial literacy, the importance of Junior Achievement Economic Futures Council In general,In general, the Canada-U.S.the Canada-U.S. Income Income Tax TreatyTax Treaty ensures ensures that that a Canadian a Canadian companycompany only only becomes becomes subject subject to U.S. to U.S.federal federal tax iftax it hasif it ahas “permanent a “permanent If yourIf your company company winds winds up with up with a PE, a Canadian PE, Canadian employees employees working working in the in U.S.the U.S. mentorship, and the momentum cre- are likelyare likely to become to become subject subject to U.S. to U.S.income income taxation. taxation. The Theemployer employer may may have have The Need: establishment”establishment” (PE) (PE)in the in U.S.the U.S.Typically, Typically, this thismeans means you youhave have an office an office or or ated by giving back to the community. Junior Achievement of Southern Alberta’s Economic Futures to withholdto withhold U.S. U.S.taxes taxes at source at source on the on portionthe portion of the of employee’sthe employee’s income income Council will provide sustainable funding to improve three futures: youth; fixedfixed place place of business of business in the in U.S.the U.S.or a orconstruction a construction site thatsite that lasts lasts for more for more Jim originally wanted to be a thanthan 12 months. 12 months. In that In that case, case, your your U.S. U.S.business business profits profits will willbe taxed be taxed at the at the relatedrelated to the to U.S.the U.S.activities. activities. “In such “In such a case, a case, it may it may be worthwhile be worthwhile to seek to seek teacher when he started out in life. the economy; and the JA organization itself. It will help support: U.S. U.S.federal federal level level at a atrate a rateof 34 of percent. 34 percent. correspondingcorresponding partial partial relief relief from from Canadian Canadian withholding withholding at source at source in order in order to to “Twenty-fi ve years later, I realize my • Additional reach into youth programs (including high needs and avoidavoid both both Canadian Canadian and andU.S. U.S.withholding withholding on the on samethe same employment employment income,” income,” But theBut Treatythe Treaty also alsoprescribes prescribes a PE a when PE when using using an installation an installation or drilling or drilling rig to rig to MeadowMeadow states. states. desire to teach has come to fruition aboriginal communities) • Technology enhancements to increase student engagement exploreexplore for, orfor, exploit, or exploit, natural natural resources resources for more for more than than three three months. months. This Thiscan can in a different way,” says Davidson, be anbe issue an issue for oilfield for oilfield services services companies. companies. “Although “Although this thiswording wording seems seems to to Finally,Finally, even even if it doesif it does not appearnot appear that that your your company company has ahas PE, a considerPE, consider filing filing “through mentoring others at work • Sustainability of rural program delivery throughout southern Alberta applyapply clearly clearly to an to exploration an exploration and andproduction production company, company, it may it may be prudent be prudent to toa protectivea protective federal federal “treaty-based “treaty-based tax return,”tax return,” which which causes causes the statutethe statute of of and through my involvement with Background: considerconsider its application its application to long-term to long-term contractors contractors associated associated with with a rig a since rig since limitationlimitation to run to andrun andprotects protects valuable valuable potential potential deductions deductions in the in casethe case that that IRS findsIRS finds that that a PE a does PE does in fact in factexist. exist. organizations such as Junior Achieve- JASA is a registered non-profi t charity funded by corporate, private and the IRSthe oftenIRS often takes takes expansive expansive interpretations,” interpretations,” says says James James Meadow, Meadow, a U.S. a U.S.Tax Tax specialistspecialist with with MNP’s MNP’s International International Taxation Taxation Services. Services. ment of Southern Alberta.” community donations that facilitates delivery of a series of in and after- StateState Income Income Tax Tax You Youmay may have have a PE a if: PE if: school programs for youth in grades 5 to 12. JA programs are based on ManyMany U.S. U.S.states states do not do follownot follow the Canada-U.S.the Canada-U.S. Income Income Tax TreatyTax Treaty and and three pillars of personal growth: fi nancial literacy; work readiness; and • An • agent An agent or employee or employee present present in the in U.S.the U.S.acting acting on behalf on behalf of the of the havehave their their own own rules. rules. The Thevast vast majority majority of states of states consider consider providing providing services services entrepreneurship. CanadianCanadian company company concludes concludes contracts contracts in the in U.S.the U.S.on behalf on behalf of the of the or owningor owning equipment equipment in the in statethe state to create to create a taxable a taxable presence, presence, generally generally CanadianCanadian company. company. referredreferred to as to “nexus” as “nexus” for state for state income income tax purposes.tax purposes. “It is “It commonplace is commonplace JA programs are facilitated by 1,400 volunteers who deliver programs to notto havenot have a PE a for PE federal for federal purposes purposes to over 23,000 youth per year in 800 classrooms throughout southern • One • One or more or more employees employees spends spends too muchtoo much time time in the in U.S.the U.S. becausebecause of Treaty of Treaty protection protection while, while, at the at the Alberta on an annual budget of $2.1 million. The Boston Consulting Group samesame time, time, there there is nexus is nexus in one in oneor more or more conducted a ground-breaking survey in 2011 comparing JA Alumni and • One • One employee employee spends spends 183 183days days or more or more in the in U.S.the U.S.over over any any12-month 12-month statesstates because because services services are providedare provided periodperiod (for (forthis thispurpose, purpose, days days in transit in transit and anddays days off in off the in U.S.the U.S.also also withinwithin those those states,” states,” says says Meadow. Meadow. individuals who had never experienced JA, which revealed that: count)count) and andthe majoritythe majority of the of company’sthe company’s business business income income is earned is earned in in • Of those surveyed, 65 per cent indicated that JA had a signifi cant the U.S.the U.S. In allIn cases, all cases, a comprehensive a comprehensive cross-border cross-border impact on them staying in school approachapproach to taxation to taxation is critical is critical to ensure to ensure • About 14 per cent were more likely to pursue post-secondary education • One • One or more or more employees employees provide provide services services in the in U.S.the U.S.for a fortotal a total of 183 of 183 thatthat both both Canadian Canadian and andinternational international tax tax daysdays or more or more in any in any12-month 12-month period. period. The Theservices services provided provided are forare for • One in four students were less likely to eventually be unemployed obligationsobligations are factored are factored in. in. a specifica specific project project or a orconnected a connected one onefor customers for customers who who are eitherare either U.S. U.S. • Fifty per cent were more likely to start an entrepreneurial venture residentsresidents or taxpayers. or taxpayers. (For (Forthis thispurpose, purpose, only only work work days days count count but thebut the For moreFor more information information on this on topicthis topic or or JamesJames Meadow, Meadow, CA, CPA CA, (NC), CPA (NC),LL.M., LL.M., MBA MBA • A one dollar investment in JA results in a $45 return on investment to daysdays don’t don’t have have to be to consecutive, be consecutive, and andif more if more than than one oneemployee employee otherother related related international international tax issues, tax issues, U.S. TaxU.S. Specialist Tax Specialist the Canadian economy worksworks on a on particular a particular day, day, that that day daycounts counts as only as only one oneday.) day.) contactcontact James James Meadow Meadow at 403.536.5548 at 403.536.5548 MNP’sMNP’s International International Taxation Taxation Services Services or youror your local local MNP MNP Advisor. Advisor. 403.536.5548403.536.5548 [email protected]@mnp.ca SOURCE: JUNIOR ACHIEVEMENT / BOSTON CONSULTING GROUP

Scott Hillier, president and chief executive of JASA.

38 • February 2013 BUSINESS IN CALGARY | www.businessincalgary.com OilFieldOilField Services Services • Business • Business

U.S.U.S. Taxation Taxation and and your your OilfieldOilfield Services Services Business Business AvoidAvoid costly costly surprises surprises by by taking taking a a cross-bordercross-border approach approach to totax. tax. By DebraBy Debra Beck Beck

ThereThere are manyare many exciting exciting opportunities opportunities south south of the of borderthe border for Canadian for Canadian “As a“As result a result of these of these rules rules based based on days, on days, Canadian Canadian companies companies sending sending oilfieldoilfield services services companies. companies. But, But,with with expansion expansion comes comes U.S. U.S.tax tax employeesemployees to the to U.S.the U.S.need need to be to acutely be acutely aware aware of who of who does does what, what, where where and and considerations.considerations. With With many many ways ways to do to business do business in the in U.S.,the U.S., strategic strategic tax tax whenwhen and andtrack track it,” explains it,” explains Meadow. Meadow. planningplanning is required is required to prevent to prevent unpleasant unpleasant and andcostly costly surprises. surprises. EmployeeEmployee income income tax tax In general,In general, the Canada-U.S.the Canada-U.S. Income Income Tax TreatyTax Treaty ensures ensures that that a Canadian a Canadian companycompany only only becomes becomes subject subject to U.S. to U.S.federal federal tax iftax it hasif it ahas “permanent a “permanent If yourIf your company company winds winds up with up with a PE, a Canadian PE, Canadian employees employees working working in the in U.S.the U.S. establishment”establishment” (PE) (PE)in the in U.S.the U.S.Typically, Typically, this thismeans means you youhave have an office an office or or are likelyare likely to become to become subject subject to U.S. to U.S.income income taxation. taxation. The Theemployer employer may may have have fixedfixed place place of business of business in the in U.S.the U.S.or a orconstruction a construction site thatsite that lasts lasts for more for more to withholdto withhold U.S. U.S.taxes taxes at source at source on the on portionthe portion of the of employee’sthe employee’s income income thanthan 12 months. 12 months. In that In that case, case, your your U.S. U.S.business business profits profits will willbe taxed be taxed at the at the relatedrelated to the to U.S.the U.S.activities. activities. “In such “In such a case, a case, it may it may be worthwhile be worthwhile to seek to seek U.S. U.S.federal federal level level at a atrate a rateof 34 of percent. 34 percent. correspondingcorresponding partial partial relief relief from from Canadian Canadian withholding withholding at source at source in order in order to to avoidavoid both both Canadian Canadian and andU.S. U.S.withholding withholding on the on samethe same employment employment income,” income,” But theBut Treatythe Treaty also alsoprescribes prescribes a PE a when PE when using using an installation an installation or drilling or drilling rig to rig to MeadowMeadow states. states. exploreexplore for, orfor, exploit, or exploit, natural natural resources resources for more for more than than three three months. months. This Thiscan can be anbe issue an issue for oilfield for oilfield services services companies. companies. “Although “Although this thiswording wording seems seems to to Finally,Finally, even even if it doesif it does not appearnot appear that that your your company company has ahas PE, a considerPE, consider filing filing applyapply clearly clearly to an to exploration an exploration and andproduction production company, company, it may it may be prudent be prudent to toa protectivea protective federal federal “treaty-based “treaty-based tax return,”tax return,” which which causes causes the statutethe statute of of considerconsider its application its application to long-term to long-term contractors contractors associated associated with with a rig a since rig since limitationlimitation to run to andrun andprotects protects valuable valuable potential potential deductions deductions in the in casethe case that that the IRSthe oftenIRS often takes takes expansive expansive interpretations,” interpretations,” says says James James Meadow, Meadow, a U.S. a U.S.Tax TaxIRS findsIRS finds that that a PE a does PE does in fact in factexist. exist. specialistspecialist with with MNP’s MNP’s International International Taxation Taxation Services. Services. StateState Income Income Tax Tax You Youmay may have have a PE a if: PE if: ManyMany U.S. U.S.states states do not do follownot follow the Canada-U.S.the Canada-U.S. Income Income Tax TreatyTax Treaty and and • An • agent An agent or employee or employee present present in the in U.S.the U.S.acting acting on behalf on behalf of the of the havehave their their own own rules. rules. The Thevast vast majority majority of states of states consider consider providing providing services services CanadianCanadian company company concludes concludes contracts contracts in the in U.S.the U.S.on behalf on behalf of the of the or owningor owning equipment equipment in the in statethe state to create to create a taxable a taxable presence, presence, generally generally CanadianCanadian company. company. referredreferred to as to “nexus” as “nexus” for state for state income income tax purposes.tax purposes. “It is “It commonplace is commonplace to notto havenot have a PE a for PE federal for federal purposes purposes • One • One or more or more employees employees spends spends too muchtoo much time time in the in U.S.the U.S. becausebecause of Treaty of Treaty protection protection while, while, at the at the samesame time, time, there there is nexus is nexus in one in oneor more or more • One • One employee employee spends spends 183 183days days or more or more in the in U.S.the U.S.over over any any12-month 12-month statesstates because because services services are providedare provided periodperiod (for (forthis thispurpose, purpose, days days in transit in transit and anddays days off in off the in U.S.the U.S.also also withinwithin those those states,” states,” says says Meadow. Meadow. count)count) and andthe majoritythe majority of the of company’sthe company’s business business income income is earned is earned in in the U.S.the U.S. In allIn cases, all cases, a comprehensive a comprehensive cross-border cross-border approachapproach to taxation to taxation is critical is critical to ensure to ensure • One • One or more or more employees employees provide provide services services in the in U.S.the U.S.for a fortotal a total of 183 of 183 thatthat both both Canadian Canadian and andinternational international tax tax daysdays or more or more in any in any12-month 12-month period. period. The Theservices services provided provided are forare for obligationsobligations are factored are factored in. in. a specifica specific project project or a orconnected a connected one onefor customers for customers who who are eitherare either U.S. U.S. residentsresidents or taxpayers. or taxpayers. (For (Forthis thispurpose, purpose, only only work work days days count count but thebut the For moreFor more information information on this on topicthis topic or or JamesJames Meadow, Meadow, CA, CPA CA, (NC), CPA (NC),LL.M., LL.M., MBA MBA daysdays don’t don’t have have to be to consecutive, be consecutive, and andif more if more than than one oneemployee employee otherother related related international international tax issues, tax issues, U.S. TaxU.S. Specialist Tax Specialist worksworks on a on particular a particular day, day, that that day daycounts counts as only as only one oneday.) day.) contactcontact James James Meadow Meadow at 403.536.5548 at 403.536.5548 MNP’sMNP’s International International Taxation Taxation Services Services or youror your local local MNP MNP Advisor. Advisor. 403.536.5548403.536.5548 [email protected]@mnp.ca Inspiring Futures • Cover

approached some of our past alumni, both hands. You have to be able to Economic Futures Council. board members, Calgary Business Hall throw some back.” As the father of three sons, promi- of Fame laureates and other promi- The recession at the end of 2008 nent Calgary businessman Wayne nent business people affiliated with took its toll on most non-profit orga- Henuset had the advantage of teach- JA with an idea to help found the nizations and although JA was no ing them about financial literacy, how JASA Economic Futures Council (EFC) exception, it carried on its efforts. to run a good business and why money to ensure stable, sustainable funding.” People like Davidson see value in JA in has value. He feels lucky to have had Resoundingly, people like Jim part because the organization exam- that privilege. He also knows many Davidson, Richard Haskayne, Alvin ines many of the same things that kids don’t get that benefit. Libin, Murray Edwards, and oth- caused the financial crisis. “It’s quite amazing,” says Henuset, ers stepped forward, and within the Davidson thinks that experience has the owner of Willow Park Resources space of 10 months JASA had 12 many lessons for the next generation of Ltd. and former president and chief Economic Futures Council Founders business leaders in schools across the executive of Energy Alberta Corp. who each put his name and money country. It’s tied directly to JA’s vision “People don’t get enough of that behind the Council. Each Founder in many ways. “The (recession) was a financial background on how to run a has pledged a $100,000 donation to result of individual requirements taking business. So many people come out of demonstrate his commitment to the precedent over individual responsi- high school and they don’t know any- cause. The Founders hope that their bility,” he says. “Junior Achievement thing about how to manage money.” commitment will draw attention to programs teach and support individual He took an interest in Junior Achieve- the impact JA has on youth and the responsibility and help youth under- ment (JA) about two and a half years economy and inspire others to sup- stand the effectiveness and efficiency ago because he wanted to find out more port the cause by joining the Council. of financial markets, ethical business about the organization and what it was The Council has levels of participa- management, government and per- doing to promote financial literacy. tion starting at $5,000. “The Founders sonal debt levels.” “That is the reason that I became one of didn’t want to just give money to JA, Davidson hopes JA’s programs will the Economic Futures Council Found- they wanted to inspire others to give help produce leaders who have the ers; because I want as many people to to JA at an amount that is achiev- foresight, ethics and integrity to avoid get this program as possible.” able for them,” says Hillier. “They future such crises. Clay Riddell is another ardent sup- know that it’s important to create the He had a few strong mentors in his porter, for reasons of his own. Like next generation of philanthropists in school years who taught him more many other Founders, he’s a Laureate the city – a new guard coming forth than a few lessons of his own. David- of the Calgary Business Hall of Fame, in support of the community.” In the son calls JA “an incubator for learning” and when asked, stepped up to help words of EFC Founder Jack Donald, and sees a direct link to the health of and become a Founder of the orga- “You want to give back. You can’t go the economy as a result of their efforts. nization’s EFC. “Their goals are really through life with a catcher’s mitt on It’s one of the reasons he joined JASA’s high,” Riddell says. “We’ve got a lot of problems with business and govern- ment … and they’re not going to solve all those problems, but they’re going to be a part of the solution.” Riddell, the well-known stalwart power broker of Calgary’s oilpatch and founder of Paramount Resources Ltd., explains why he joined EFC. “It looked to me like they were looking for sus- tainability for the organization. They do good things so I and others stepped up to help them get there,” he says. It’s not like their efforts aren’t pay- ing off. The same Boston Consulting Group survey that revealed just how much impact JA’s programs had on individual careers and the broader economy concluded that every one dollar invested in JA has a return on Wayne Henuset, owner of Willow Park Resources Ltd. Clay Riddell, founder of Paramount Resources Ltd. and former president and chief executive of Energy investment to the economy of $45. Alberta Corp.

40 • February 2013 BUSINESS IN CALGARY | www.businessincalgary.com inspiring Futures • Cover

JASA is increasingly extending its reach into rural and aboriginal com- munities and what are deemed by some to be “high risk schools.” These are important moves in their vision to reduce high school dropout rates. Hillier believes the additional fund- ing is a unique way to sustain JASA’s current programs and to grow the organization in new ways. Technology, including social and mobile media and online platforms, will undoubtedly lead the way into the futures of the students now in school. “There are notable business execu- tives and high-profi le individuals who invest in our community and who recognize that through their sup- Henuset sees value in those numbers. preneurial spirit but we are entering a port they’re not just building a better He has already helped create the Centre time when the family business enter- community; they’re building a better for Entrepreneurship and Innovation at prise is at risk of fading away. The economy,” Hillier says. EFC Founder the ’s Haskayne job creation machine of the economy Mac Van Wielingen adds, “We need School of Business, with a group of – small and medium enterprises – is more leaders to come forward and like-minded entrepreneurs. Program- in jeopardy. “We live in a small busi- to be prepared to be models for our ming via the Centre will teach students ness economy and yet only 30 per cent youth.” about the ins and outs of business – no of family businesses survive a gen- Henuset believes the types of pro- matter what the student’s background. erational transition,” explains Hillier. grams JASA supports should be part “I wanted to make sure we could “Who is going to take on those busi- of every child’s education growing up. use some of what JA does and I could nesses if it’s not the owner’s children? He sees it as one part of a broader edu- pass along some of what we’re doing It behooves us to invest in the fi nan- cation about the world, about career at the university to JA,” Henuset says. cial literacy of these youth to expose options, about possibilities. “Show “I believe so much in what JA is doing them to business (and) allow them people and give them the understand- (and) they needed the funding to carry to explore what it’s like to build and ing about fi nancial literacy so they on and do the best they can.” run a business.” David Bissett echo’s don’t just break away and do their own Hillier’s sentiment, “If we can in some thing,” Henuset says. “The more they one quarter of alberta way, communicate the excitement of understand it, it’s not quite so scary so high schools students don’t business, the virtues of business, that they’ll actually go and pursue it.” graduate high school. would be a great thing.” “JASA provides an opportunity for That’s unacceptable to Hillier and One of JASA’s programs aims to do youth from all backgrounds to under- the founders of JASA’s Economic exactly that. stand the basics of commerce, how Futures Council. Not to mention the It’s an educational and fun program money is a tool and the importance of 1,400 volunteers on the ground in the that pits student teams against each fi nancial and resource management,” organization’s nine regions who go to other in what is known commonly as says Davidson. When asked about schools to deliver JASA’s many pro- the “Company Program.” joining the EFC Davidson says he was grams every week. Providing funding It’s perhaps the most well-known motivated to “step forward, give back to Junior Achievement of Southern JA program. Students experience the and assist our youth in developing Alberta by joining the EFC was an easy full lifecycle of a business where they into the kind of people that we would decision for Todd Poland, vice-pres- develop their own product, includ- want them to be in this new world.” ident, CIBC Wood Gundy who says, ing a comprehensive business plan, For more information about Junior “I’ve been a volunteer with Junior sourcing and marketing their prod- Achievement of Southern Alberta, Achievement for about six years and uct – effectively winding a company including how you can join the Eco- when I had the ability to make a larger up and down while working with real nomic Futures Council please go to fi nancial commitment, it was a no- money. Many of the senior execu- www.jasouthalberta.org or contact brainer. The impact on the students tives who judge the fi nal competition [email protected] or 403- and economy is so signifi cant.” are either founders of the EFC or very 781-2582. BiC Alberta prides itself on its entre- close to those involved.

www.businessincalgary.com | BUSINESS IN CALGARY February 2013 • 41