Entries by Adriano Romeo

Lending rules for BDC’s COVID-19 relief program take shape

As the federal government rolled out a sweeping package of stimulus measures this week to cushion the economic blow from the COVID-19 epidemic, business owners across Canada immediately sought information as to how they could quickly access the new relief programs. The urgency has been heightened by complete shutdowns across some sectors such as hospitality, […]

You’ve been audited by CRA. Now what?

If there’s one letter that entrepreneurs dread receiving in the mail, it’s the one from the Canada Revenue Agency informing them that their business or personal returns are the subject of a tax audit. Audits can take weeks, months, even years to complete in extreme cases, and can be emotionally and financially draining for business […]

New mortgage rules bring challenges for first-time home buying entrepreneurs

When the Office of the Superintendent of Financial Institutions’ (OSFI) implemented new rules earlier this year designed largely to cool the red-hot housing markets in Toronto and Vancouver, many economists lauded the move. Indeed, housing affordability has emerged as a major issue in Canada in recent years, particularly in our largest cities. Many homes that […]

How budgeting pitfalls can derail a start-up’s success

The early days of any new business are the most exciting. That’s when entrepreneurial hope springs eternal, when innovation and ideation are most important and when unbounded growth seems just a few sales away. It’s a fun—if somewhat terrifying—time. Many business owners will develop detailed business plans as they launch a new company, often with […]

The major business challenges facing Ontario entrepreneurs in 2018

If there’s one truism for entrepreneurs, it’s that no two years are ever the same. Whether they’re focused on growing their business or managing the myriad number of challenges that can make it difficult to achieve success—think everything from satisfying client expectations to managing costly HR issues—owners of small and medium-sized businesses have no shortage […]

The 5 revealing (yet overlooked) balance sheet metrics you need to know

Most entrepreneurs are not accountants. That statement is as obvious as it is revealing. Despite not having the letters ‘CA’ or ‘CPA’ on their business cards, however, entrepreneurs are still expected to understand the finer details of financial management and balance sheet analysis. It’s an unfair expectation for any business owner who, most of the […]