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 […]

After outcry from entrepreneurs, federal budget introduces watered-down passive income rules

  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 […]

2016 Federal Budget Commentary

Key themes from the 2016 federal budget: Economic growth, job creation and a strong middle class When the new government said last year that it would return Canada to deficits, few expected the numbers to jump to nearly $30 billion this year and next, adding $100 billion in debt over the next five years. But […]

Non-arm’s length loan interest deadline looming

We want to take this opportunity to remind clients that they need to ensure that all interest payable on all outstanding non-arm’s length loans is paid on or before January 30th, 2015. In 2014 or earlier, you may have made a loan to a grandparent, parent, spouse, sibling, child or grandchild for the purpose of […]

Marshall Egelnick named Managing Partner

We’re proud to introduce Marshall Egelnick as Kestenberg Rabinowicz Partners LLP’s new Managing Partner. Marshall, a KRP partner since 1980, will divide his efforts between core leadership duties such as team management, business development and growth strategy, while continuing to manage a diverse client portfolio. Marshall brings nearly 40 years of experience as a chartered […]