Compared to the 2022 edition, the 2023 Ontario budget is relatively restrained in its spending commitments. That’s due in large part to what various members of Doug Ford’s Progressive Conservative government have been eager to signal in the lead-up to budget day: that we’re living in a period of economic uncertainty. Queen’s Park is pulling in […]
EMPLOYEE STOCK OPTIONS Many readers are likely aware how these employee stock options work. In general terms, if you are an employee and are granted a stock option from your employer corporation, you have the right (but not an obligation) to exercise the option and acquire shares in your employer’s corporation at an “exercise […]
It goes without saying that COVID-19 has forced organizations to reconsider every aspect of their operations, from service delivery to the role of technology in keeping their workplaces safe. As they continue to restart and ramp up operations, cybersecurity will rank among their top concerns. A high degree of vigilance could help fend of […]
The federal government has announced that it will expand access to the Canada Emergency Business Account. The program, which launched in April, provides interest-free loans of up to $40,000 (with as much as 25 per cent forgivable) to help small- to medium-sized businesses impacted by COVID-19 cover fixed costs such as rent, utilities and wages. […]
It’s challenging to design a multibillion-dollar piece of legislation at the best of times. Factor in the raging global coronavirus pandemic, a collapsing national economy and a business community in desperate need of support due to COVID-19 business closures, and we can all appreciate the uphill battle facing the federal government as it works to […]
Thank goodness for the so-called ‘unicorns’ of the knowledge economy. They’re the ones powering innovation, transforming markets—or creating entirely new ones—and helping their CEOs become ultra-wealthy rock star business luminaries along the way. But sometimes when their companies grow quickly, those magazine cover-worthy leaders run smack into an insurmountable wall of managerial challenges. That’s when […]
Now that the dust has settled on the Toronto Raptors’ incredible NBA Championship run—four series of excitement that saw our city’s basketball team net its first ever Larry O’Brien Trophy— the sport’s top pundits are analyzing how the denizens of The North managed to achieve that seemingly elusive goal. Many entrepreneurs are taking a similar […]
If research, development and innovation are the lifeblood of Ontario’s economy—not to mention well-used talking points amongst the province’s business-courting political class—then it’s no surprise that a new review of popular tax credits is giving many small and medium-sized business owners cause for concern. The recent Ontario budget, the first tabled by the newly-elected Progressive […]
If there was any doubt that this is an election year, Federal Budget 2019 offered undeniable proof that we’re about to head to the polls. Finance Minister Bill Morneau tabled a budget yesterday that introduced approximately $23 billion in new spending, with no plan to balance the budget in the foreseeable future. That latter fact […]
When General Motors announced plans to shutter its Oshawa assembly plant after more than a century of production, headlines bemoaned the end of an era, not to mention the further decline of the once-impressive Canadian automotive industry. Commentators debated whether the move—which GM said was part of its wider global restructuring plans, and not reflective […]
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