By Natalie Evans, CPA, CGA, LPA – Partner, Head of Assurance, Advisory Services Check out other articles on fraud prevention and detection: A Potential New Attack on Your Bank Account | New Canadian Standards for Review Engagements and Auditor Reporting Standards | Beware of Emails and Calls Claiming to be the Canada Revenue Agency The […]
The pandemic has caused a major upheaval in the way we live and work. As businesses begin to plan for the future and the opportunities of our post-COVID world, these changes will have a major impact on strategic priorities. Adding to the changing business environment is the launch of Ottawa’s new Official Plan, which has […]
On April 19, 2021, the Deputy Prime Minister and Finance Minister, the Honourable Chrystia Freeland, presented Budget 2021: A Recovery Plan for Jobs, Growth, and Resilience, to the House of Commons. No changes were made to personal or corporate tax rates (other than a temporary measure for zero-emission technology manufacturers), nor to the inclusion rate […]
For Ottawa’s leading branding agency, McMillan, hard times happened even before the pandemic struck. In this ‘Beyond the Numbers’ presentation, host Anne Van Delst and guest Gordon McMillan discuss the choices Gordon faced in 2019 as revenues collapsed and how seeking creditor protection allowed the organization to regain its footing in 2020. Topics Gordon and […]
Gabriel Pizza’s President and CEO George Hanna and Chad Saikaley‘s in-depth discussion on how Gabriel’s weathered the pandemic storm by modernizing a key part of its operation, including: How risk analysis and financial projections were used to assess the impact of COVID-19 on the business What contingency plans were considered to reduce the financial impact […]
Gathering all the tax return information to send to your accountant and/or CRA can be unnecessarily time consuming and involve way too much paper. GGFL Associate Partner Jean McDonell offers these tips to make the annual chore a little less . . . well, taxing. Ask your dental professional, pharmacist or other relevant health professional […]
The province of Ontario has opened applications for its new relief funding program for businesses. The Ontario Small Business Support Grant starting at $10,000 to a maximum of $20,000 is open to businesses that are required to close or significantly restrict their services due to the province-wide shutdown effective December 26, 2020. Funds from the […]
The application deadline to apply for the CEBA loan was extended to March 31, 2021. We understand that some banks will be opening applications for the additional CEBA loan of $20,000 on December 4th, 2020. CEBA details for new and existing applications are as follows: Existing CEBA clients: Another $20,000 available (in addition to the original […]
On November 30th, the federal government delivered its Fall Economic Statement. The statement included a number of updates to existing COVID-19 relief programs, as well as changes to other existing tax relief programs. Of note, there were no changes to income tax rates for individuals or corporations on any type of income earned, or other […]
By Karen McKay, CPA, CGA As COVID-19 took its devastating toll on the economy last spring, the federal government introduced the 10% Temporary Wage Subsidy (TWS). That aid program was quickly followed by the Canada Emergency Wage Subsidy (CEWS). With 2020 quickly drawing to a close, the government is now requiring all eligible businesses, eligible […]