The federal government yesterday announced a significant new measure that will allow the immediate expensing of a broader range of depreciable property. The Productivity Mega Deduction builds on Budget 2025’s Productivity Super-Deduction (PSD) and is proposed as a permanent measure. Draft legislative proposals were released alongside the announcement, but the measure has not yet been enacted. […]
Every young government seeks to impress with its debut tax and spending plan. Federal Budget 2025 was Prime Minister Mark Carney’s first opportunity to reset Canada’s fiscal direction. While it delivers new tax incentives designed to spur business investment, along with a smattering of personal and corporate tax measures, it is far from the transformative […]
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 […]
What will the new normal be? That’s the question businesses across Canada and around the world are trying to answer as governments lift restrictions put in place to help limit the spread of COVID-19. With companies eagerly reopening retail locations, ramping up production at manufacturing facilities and re-energizing their offices, it’s critical for leaders to […]
Thank goodness for the so-called ‘unicorns’ of the knowledge economy. They’re the ones powering innovation, transforming markets—or creating entirely new ones—and helping their CEOs become ultra-wealthy rock star business luminaries along the way. But sometimes when their companies grow quickly, those magazine cover-worthy leaders run smack into an insurmountable wall of managerial challenges. That’s when […]
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 […]
It’s the entrepreneur’s dream—come up with an idea, develop a business plan, start building out a product or service, then take it to market and experience rapid year-over-year growth. But in almost every case, fast growth comes with strategic business challenges. Some of them are so daunting they can push a company off the rails […]
Most entrepreneurs are not accountants. That statement is as obvious as it is revealing. Despite not having the letters ‘CA’ or ‘CPA’ on their business cards, however, entrepreneurs are still expected to understand the finer details of financial management and balance sheet analysis. It’s an unfair expectation for any business owner who, most of the […]
As the summer winds down, we’ve been treated to the usual mix of sun, warm weather and, hopefully for most of us, a week or two of vacation. We’ve also witnessed a rather unusual event—a competitive Toronto Blue Jays team that, at least according to the current divisional standings, is on pace to make the […]
For entrepreneurs, there are few more important considerations when building and growing a business than their eventual exit—either by choice upon retirement, or by some other inevitable circumstance such as their passing. Many CEOs hope that their eventual line of succession leads directly to family members, perhaps an ambitious son or daughter, or a management-minded […]
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