For so many people around the globe, U.S. citizenship is a highly vaunted status symbol, even a ticket to success. While the validity of that perception is debatable, many businesspeople, including Canadian entrepreneurs, do glean some advantages when holding a U.S. passport. Unfettered access to the world’s largest marketplace would, of course, be the main […]
As Chartered Professional Accountants, the most common two questions we’re asked by clients is whether they should buy or lease a car, and whether they should buy personally or under their company name. Inevitably our answer has been, “It all depends.” How long do you plan to hold on to the car? Do you have […]
As Canadians Michael Spavor and Michael Kovrig linger in detention in China, Canadian entrepreneurs would be excused for being more than a little anxious about doing business in the Middle Kingdom due to the current geopolitical tensions between our two countries. You’ll recall that the Sino-Canadian clash first emerged with the detention of Huawei Technologies […]
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 […]
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 […]
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 […]
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 […]
If doing business in Quebec was already tricky for companies residing outside of La Belle Province, it’s now become even more complex thanks to important amendments to provincial tax legislation. Many organizations would be forgiven for missing changes to the Act Respecting the Quebec Sales Tax, which took effect on January 1, 2019. The amendments […]
This is the most wonderful time of the year—not to mention the season of giving. That’s why many organizations and individuals are taking the opportunity to give back to their community or their favourite charities over the festive season. Recently, the trend is for organizations to involve their employees and create team events where everyone […]
It’s supposed to be the time of life when you enjoy the fruits of your entrepreneurial labour—taking the time to travel, enjoy hobbies, spend more time with the family—activities that were often impractical or outright impossible when you were working day and night to operate and grow your business. But a recent CIBC poll sheds […]
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