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Ontario Fall Economic Statement

Ontario’s Fall Economic Statement sets the stage for the spring election

Ontario’s Fall Economic Statement, released late last week, was clearly drafted with the province’s upcoming spring election in mind. With a focus on infrastructure and economic development, the statement is aimed at positioning the Progressive Conservatives as the party focused on economic growth, which is their traditional political wheelhouse. But it was also a decidedly […]

From supply chain issues to inflation, new economic risks loom for your business

Business owners are an optimistic lot. They take extraordinary risks to conceive, build and grow their companies. They don’t take ‘no’ for an answer. They persevere even when the odds tower against them. Yet even the most tenacious entrepreneurs can see the economic risks ahead—and it’s putting a damper on their post-pandemic recovery plans. The […]

COVID-19 relief benefits for hospitality

Ottawa unveils targeted COVID-19 business support benefits

While the coronavirus pandemic has by no means subsided, the federal government clearly believes that the economy is regaining its footing, with recent job performance data confirming a return to pre-pandemic employment levels. Accordingly, Ottawa last week allowed three key COVID-19 business benefits—the Canada Emergency Wage Subsidy, the Canada Emergency Rent Subsidy and Lockdown Support—to […]

What the Olympics and the move to hybrid work have in common

Every four years we have the joy of watching Canadian athletes compete in myriad events at the Summer Olympics. It gives us the chance to cheer and marvel at the individual and team preparations needed to allow our competitors to shine. It seems like every hundred years or so we also face the burden of […]

business people at an office

Positioning your organization for post-pandemic growth

And now comes the hard part. As the acute phase of the COVID-19 crisis slowly winds down across Canada and business begins to return to normal—albeit very slowly in provinces such as Ontario—leaders are finally able to take a deep breath, survey the financial damage and prepare for the post-pandemic recovery. Others may conduct the […]

paid sick days

Ontario launches paid sick days for employees affected by COVID-19

After months of lobbying on the part of the medical community and various labour groups, the Ontario government this week proposed amendments to the province’s Employment Standards Act, 2000, to provide up to three paid sick days for employees that need to miss work for reasons relating to COVID-19. Under the Worker Income Protection Benefit, […]

parliament of Canada

Federal Budget 2021 extends COVID-19 supports, introduces new taxes

Federal budget 2021, the first federal budget in two years, was tabled yesterday amid doom and gloom predictions of increases in the capital gains rates, taxation on the sale of principal residences, and a range of other tax increases to pay for COVID-19 relief programs. The worry proved to be all for naught—at least for […]

2021 Ontario budget offers billions in relief for hard-hit businesses

Ontario Finance Minister Peter Bethlenfalvy promised to table a provincial budget that would do what it takes to carry the province through the final stages of COVID-19—and the 2021 Ontario budget lives up to the promise of continued major spending commitments. The proposed package would see Queen’s Park spend $173 billion in 2021-22, up from […]

COVID-19: CEWS, CERS, Lockdown Support rates extended

The federal government today announced that it will extend the rate structures for three COVID-19 relief benefits—the Canada Emergency Wage Subsidy (CEWS), the Canada Emergency Rent Subsidy (CERS) and the Lockdown Support—until June 5th, 2021. The rates for each of the programs were set to expire on March 13th, 2021. The maximum CEWS wage subsidy […]

Ottawa won’t require some self-employed Canadians to repay CERB

In the face of widespread confusion, complaints and a looming class action lawsuit, the federal government has changed course, cancelling plans to require some self-employed individuals to repay the Canada Emergency Response Benefit (CERB) funds they received at the height of the COVID-19 crisis. Controversy erupted late last year when the Canada Revenue Agency informed […]