Ontario Finance Minister Rod Phillips

Ontario tables $17 billion COVID-19 stimulus package with economic update

The COVID-19 crisis and ensuing shutdown of entire economies across the globe has sent governments scrambling to respond. From providing aid to individuals to supporting devastated businesses, stimulus packages have been organized at an unprecedented pace to boost market liquidity, mitigate shocking spikes in unemployment and stave off an even more widespread recession. It’s in […]

BDC loan program business people shaking hands

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, […]

Office closure update: We’re working remotely, but still open for business

Our management team has been closely monitoring the rapidly-evolving coronavirus situation and assessing our response on a daily basis. As we noted previously, we took several steps this week to ensure the health and safety of our clients, employees and other partners—including pausing all in-person meetings and staff visits to client sites, and allowing staff […]

Taxation Specialists

COVID-19 Economic Stimulus: We analyze the tax implications

The federal government’s announcement Wednesday of an $82 billion stimulus package to offset the devastating economic impact of the COVID-19 outbreak provided a modicum of reassurance to Canadian businesses. Ottawa’s message was simple: we’re here for you in tough times. The package introduced $27 billion in direct support for businesses and individuals, as well as […]

COVID-19 update: Federal government unveils $82 billion stimulus package

Extraordinary times call for extraordinary measures. The federal government’s latest response to the COVID-19 pandemic, a breathtaking $82 billion stimulus package announced today, underscored the severity of the current—and coming wave—of economic upheaval facing Canadian businesses in the weeks and months ahead. Put simply, all prior fiscal projections are now irrelevant. Business performance estimates must […]

KRP Coronavirus Response

Coronavirus pandemic: The KRP team is here to serve you in uncertain times

  As the coronavirus crisis has escalated in Canada and around the world in recent days, the KRP LLP team has been closely monitoring the situation. Our thoughts are with you, your family and your employees at this challenging time. We wanted to take the opportunity to share our plan to continue providing the same […]

The hidden business costs of employee absenteeism and disengagement

When most owner/operators of mid-sized companies consider financial or operational improvements to their business, they look in the usual places: cash flow management, supply chain and process optimization, effective cost cutting measures that won’t impair the organization’s ability to deliver products and services. Their instincts are invariably correct. These are all key factors in the […]

Boardroom Meeting

KRP LLP debuts a dynamic new website and a refreshed brand identity

Following on the announcement of a new leadership structure, as well as a rebrand from Kestenberg Rabinowicz Partners LLP to KRP LLP, we’re proud to introduce a bold reimagining of our website and an exciting refresh of our longstanding brand identity. With a mind to preserving the brand equity in our existing logo system, our […]

KRP LLP COVID-19 response

KRP LLP: A new name, new leadership and a bright new outlook for the decade to come

After nearly 50 years providing accounting services to entrepreneurs across the Greater Toronto Area, the time was right to take our firm in a bold new direction, just as we plan for an exciting decade of growth and renewed success. That meant delivering some important changes and enhancements designed to provide even better service to […]

Maple Leaf

What Ontario’s Fall 2019 economic update means for your business

The business community in Ontario just received a modest, yet business-friendly, tax reduction courtesy of Doug Ford’s Progressive Conservative government. The move is a step towards achieving balanced budget while looking to encourage economic activity within the province Specifically, Wednesday’s Fall Economic Statement announced proposals to reduce the small business Corporate Income Tax rate to […]