With the first budget of its majority mandate, Doug Ford’s Progressive Conservative government delivered a moderated strategy for achieving budgetary balance, while largely maintaining—and in the case of education and health care, even increasing—current program spending levels. In the months leading up to the budget, the government had already delivered on several campaign promises that […]
When Doug Ford swept into power last year, he promised that Ontario would once again be ‘Open for Business.’ The new Progressive Conservative premier went so far as to plaster his campaign slogan on highway signs at the Ontario-U.S. border. It was a not-so-subtle, all-caps reminder to our American friends of his commitment to undoing […]
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 […]
If doing business in Quebec was already tricky for companies residing outside of La Belle Province, it’s now become even more complex thanks to important amendments to provincial tax legislation. Many organizations would be forgiven for missing changes to the Act Respecting the Quebec Sales Tax, which took effect on January 1, 2019. The amendments […]
The days of the Canada Revenue Agency taking a kinder, gentler approach to its relations with taxpaying business owners are long gone. From employing sophisticated algorithms to tightening rules around its own Voluntary Disclosure Program, Ottawa has become accustomed to using increasingly aggressive tactics to collect overdue taxes and punish alleged tax cheats. In some […]
Ottawa’s war against small and medium-sized business owners seems to be over—at least for now. The trouble is the government’s peace offering does little to mitigate the greater threats facing entrepreneurs, from over-taxation and burdensome regulation to tax code complexity. Wednesday’s fall economic update made it clear that the Trudeau Liberals, with an election looming […]
The Ontario Liberal party under Premier Kathleen Wynne is locked in a desperate fight for its political life as the Grits seek re-election in June. Not surprisingly, the 2018 provincial budget showers goodies on virtually every constituency from parents with small children (proposed free childcare for children between the ages of two-and-a-half until they enter […]
Owners of small and medium-sized businesses across Canada can finally breathe a sigh of relief. For the most part, they’ve won this round in the ongoing fight with the federal government to halt contentious tax reforms for corporations. Indeed, the 2018 federal budget will be remembered for what it didn’t do, rather than introducing […]
Shortly after the release of the report by the Standing Senate Committee on National Finance, which is highly critical of the Department of Finance’s proposals on the taxation of private corporations, Finance Minister Bill Morneau released what he referred to as clarified rules around income sprinkling. Unfortunately, the release came with the same rhetoric used […]
If you’ve had reason to phone the Canada Revenue Agency of late, you may have experienced a long wait to speak to an agent—if anyone bothered to take your call. The anecdotal experiences of our accountants and clients has been confirmed in a new Auditor General’s report that sheds light on communication shortcomings at the […]
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