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2022 Ontario budget proposes major transit upgrades

2022 Ontario budget proposes major infrastructure investments, targeted tax credits

After more than two years of pandemic-related bad news, massive deficits and dire fiscal predictions, the Progressive Conservatives were clearly eager to drive home a message with the 2022 Ontario budget: We plan to build. That includes highways, schools, hospitals—you name it. The pre-election budget is not short on spending. In fact, it proposes a […]

home buying

Federal Budget 2022—Home-buying, climate change and personal tax highlights

The federal government approached Budget 2022 under immense pressure to address skyrocketing inflation, amid widespread uncertainty as we enter a sixth wave of the coronavirus pandemic and facing global supply chain woes and a geopolitical crisis stemming from the war in Ukraine. Factor in the Liberals’ minority government status—one stabilized by a recent confidence-and-supply agreement […]

Budget 2022 engineer focusing on innovation

Federal Budget 2022 offers minor tax relief for business, funding for innovation

The federal government’s Budget 2022 contained several new proposed measures, both from a personal and corporate tax perspective, in addition to various new spending initiatives and tax credits. These measures will have some impact on the business community, but when it comes to Canada’s economic outlook as a whole—including strategies to manage runaway inflation and […]

inflation graph

10 ways to mitigate the business impact of inflation

Businesses across Canada that navigated the pandemic storm and thought they were in the clear soon faced another major challenge: widespread inflation. Rising prices have impacted the cost of everything from labour and materials to machinery and services across sectors. The latest Statistics Canada data puts the official inflation rate at 5.7 per cent year […]

House of Commons and flag of Canada

What to expect when you’re expecting a spring federal budget

As surely as Ottawa’s chillingly-cold winters will soon shift to warmer spring weather, professionals and media are eagerly speculating about the potential contents of the upcoming federal budget—the spring 2022 installment of which is expected to be tabled in early April. A number of factors, both domestic and foreign, will strongly influence measures included in […]

person holding a maple leaf after Fiscal and Economic update 2021

Federal Fiscal and Economic Update 2021: Few gifts (or lumps of coal) for business

The federal government tabled its Fiscal and Economic Update 2021 last week and the business community across Canada wondered if it had been all but forgotten. The update was heavy on COVID-19 relief spending and made direct references to the potential uncertainty ahead—including the looming economic impact of the omicron coronavirus variant, global supply chain […]

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 […]