By all accounts, today’s rollout of the Canada Emergency Response Benefit (CERB) has gone relatively smoothly. Ottawa estimated that more than 240,000 Canadians, in search of financial support due to the COVID-19 crisis, had successfully applied for the program this morning alone. But at his daily press briefing, Prime Minister Justin Trudeau addressed criticism over […]
It’s already being called the defining economic and social crisis of our generation. The coronavirus pandemic has wreaked havoc on the global economy. In Canada, organizations and their leaders are scrambling to make payroll, retain clients and employees–and remain operational–as revenue plummets and uncertainty impacts strategic decision-making. The federal and provincial governments have taken swift […]
The federal government today announced tax filing extensions to help individual Canadians and businesses manage through the COVID-19 crisis. Businesses, including self-employed individuals, will be allowed to defer GST/HST payments, as well as custom duties on imports, until June 30, 2020. The deferral generally applies to remittances that would be due between March and the […]
The federal government has proposed a staggering set of measures to help individual Canadians and businesses cope in the face of the COVID-19 pandemic. One of the most significant programs announced thus far is the Canada Emergency Response Benefit (CERB). The program will merge and enhance the previously announced Emergency Care Benefit and the Emergency […]
The federal government told Canadians that absolutely every option was on the table as it took steps to mitigate the economic devastation wrought by the COVID-19 outbreak. Today’s announcement of enhanced relief measures to aid small- to medium-sized businesses underscores Ottawa’s determination to keep businesses afloat in the face of an unprecedented pandemic—not to mention […]
Hopefully you’re reading this article on a dock in Muskoka, feet up, beverage in hand while taking in views of a pristine lake. Maybe you’re enjoying the fruits of your entrepreneurial labour and taking some summertime downtime. But if you’re like so many business owners who have grown their companies past the medium-sized threshold—usually defined […]
For so many people around the globe, U.S. citizenship is a highly vaunted status symbol, even a ticket to success. While the validity of that perception is debatable, many businesspeople, including Canadian entrepreneurs, do glean some advantages when holding a U.S. passport. Unfettered access to the world’s largest marketplace would, of course, be the main […]
As Canadians Michael Spavor and Michael Kovrig linger in detention in China, Canadian entrepreneurs would be excused for being more than a little anxious about doing business in the Middle Kingdom due to the current geopolitical tensions between our two countries. You’ll recall that the Sino-Canadian clash first emerged with the detention of Huawei Technologies […]
If research, development and innovation are the lifeblood of Ontario’s economy—not to mention well-used talking points amongst the province’s business-courting political class—then it’s no surprise that a new review of popular tax credits is giving many small and medium-sized business owners cause for concern. The recent Ontario budget, the first tabled by the newly-elected Progressive […]
If the federal Liberals’ SNC-Lavalin scandal has taught us anything, it’s that doing business overseas—particularly in developing countries—isn’t always as simple and straightforward as it is in Canada. As you likely know, the SNC-Lavalin matter erupted into a national scandal when officials in the Prime Minister’s Office—and Prime Minister Justin Trudeau himself—were accused of pushing […]
Copyright KRP LLP 2020
KRP LLP is a proud member of Russell Bedford International – a global network of independent professional services firms