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 […]
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 […]
When former Ontario Premier Kathleen Wynne’s Liberal government tabled and eventually passed Bill 148, the Fair Workplaces, Better Jobs Act, 2017, employers were stunned by the scope of the employment standards changes contained in the legislation. The bill would not only increase the minimum wage by 30 per cent in just two years. The sweeping […]
When U.S. President Donald Trump imposed tariffs on Canadian steel and aluminum in June, executives in those industries recoiled at the potential fallout, and warned of pending job and revenue losses. Economists promptly cautioned that the ripple effect wouldn’t be contained to those two sectors. Indeed, entire supply chains could face widespread disruption as the […]
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 […]
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 […]
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 […]
The New Year rang in a minimum wage increase for Ontarians, as well as a double-double firestorm of controversy as many small and medium-sized businesses—particularly restaurant franchisees, who have borne the full brunt of the increase—took swift action to protect their bottom lines. With the passage in the fall of Bill 148, The Fair Workplaces, […]
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 […]
A new package of labour and employment law reforms in Ontario is poised to potentially impact the competitiveness and the viability of small and medium-sized businesses across the province. Bill 148, The Fair Workplaces, Better Jobs Act, 2017, became law this week, and introduced a range of new amendments designed to modernize the province’s Employment […]
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