The COVID-19 crisis and ensuing shutdown of entire economies across the globe has sent governments scrambling to respond. From providing aid to individuals to supporting devastated businesses, stimulus packages have been organized at an unprecedented pace to boost market liquidity, mitigate shocking spikes in unemployment and stave off an even more widespread recession. It’s in […]
As the federal government rolled out a sweeping package of stimulus measures this week to cushion the economic blow from the COVID-19 epidemic, business owners across Canada immediately sought information as to how they could quickly access the new relief programs. The urgency has been heightened by complete shutdowns across some sectors such as hospitality, […]
The federal government’s announcement Wednesday of an $82 billion stimulus package to offset the devastating economic impact of the COVID-19 outbreak provided a modicum of reassurance to Canadian businesses. Ottawa’s message was simple: we’re here for you in tough times. The package introduced $27 billion in direct support for businesses and individuals, as well as […]
Extraordinary times call for extraordinary measures. The federal government’s latest response to the COVID-19 pandemic, a breathtaking $82 billion stimulus package announced today, underscored the severity of the current—and coming wave—of economic upheaval facing Canadian businesses in the weeks and months ahead. Put simply, all prior fiscal projections are now irrelevant. Business performance estimates must […]
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 […]
The first week of the federal election campaign, most pundits griped, was a notably dull affair. At least until Time magazine published ‘brown face’ photos of Prime Minister Justin Trudeau. That’s when the horserace to elect our next government got interesting. Whether the PM survives the scandal remains to be seen. But when the dust […]
If there were enemies of growth for any medium-sized business, risk and uncertainty would surely top the list. It’s fair to say they’re probably entrepreneurs’ main adversaries in the current macroeconomic climate. That’s because business owners are facing unusually high levels of business complexity that are poised to rise further in the months ahead. Worse, […]
The bad news continues to flow for entrepreneurs across Ontario. The Doug Ford government has lowered the axe once again on programs that support the growth of small and medium-sized businesses across the province, this time targeting Ontario’s Small Business Enterprise Centres (SBECs). Several programs served up by the centres, including Starter Company Plus and […]
Less than two weeks after I outlined a coming review of Ontario’s innovation tax credits and “other R&D tax incentives” by Doug Ford’s Progressive Conservative government, news broke in recent days that Queen’s Park is moving to cut several important innovation programs for entrepreneurs, as well as at least one designed to help start-up businesses […]
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 […]
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