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2020 Ontario budget posts record deficits, offers major spending to support business

In tabling the 2020 Ontario Budget yesterday, the provincial government reminded us that the path to fiscal stability will be long and arduous as a result of the ongoing coronavirus pandemic—and that new COVID-19 lockdowns could still inflict major economic damage. In doing so, Doug Ford’s Progressive Conservatives scrapped plans to balance the budget in […]

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 […]

Tax payments

Election 2019 Platform Comparison: How each party’s policies would impact your business

As Election 2019 grinds to a close and Canadians get set to choose their next prime minister, many voters are looking forward to seeing the back of an occasionally acrimonious but otherwise dull campaign. Still, this tight horserace has managed to sprinkle in a couple of surprises—a Liberal leader in brown face, a possible new […]

Ontario budget 2019: ‘Open for Business’ moves from campaign slogan to governing mantra

When Doug Ford swept into power last year, he promised that Ontario would once again be ‘Open for Business.’ The new Progressive Conservative premier went so far as to plaster his campaign slogan on highway signs at the Ontario-U.S. border. It was a not-so-subtle, all-caps reminder to our American friends of his commitment to undoing […]

Federal Budget 2019 does little to address entrepreneurs’ anxieties

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 […]