Posts

Queen's Park in Toronto where the 2025 Budget was tabled in the legislature

2025 Ontario Budget features tariff relief and a deficit nearly 10x greater than expected

Ontario Premier Doug Ford has been the first minister most visibly and vocally opposed to U.S. President Donald Trump’s tariff program. Ford has continually done the rounds on U.S. cable TV, making the case for continued economic cooperation between our two countries and warning of the cross-border economic implications of a trade war. He promised […]

Farming fuel tax credit

July tax news: Farming and air quality tax credits, taxation of accounts receivable–and more

FUEL CHARGE CREDIT FOR FARMING BUSINESSES The federal government recently introduced a refundable “return of fuel charge proceeds to farmers tax credit” to farming businesses to help them offset certain fuel charges that they incur in their farming businesses. The credit was passed into law on June 9, 2022, in Bill C-8. The credit applies […]

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 […]

Ontario SME owners on edge over potential R&D tax credit changes

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 […]

Ontario budget 2019: Key highlights

With the first budget of its majority mandate, Doug Ford’s Progressive Conservative government delivered a moderated strategy for achieving budgetary balance, while largely maintaining—and in the case of education and health care, even increasing—current program spending levels. In the months leading up to the budget, the government had already delivered on several campaign promises that […]