Ontario Minister of Finance Rod Phillips has released the 2020 Ontario Budget, Ontario’s Action Plan: Protect, Support, Recover – the first budget during his tenure as Minister of Finance, and the second budget of the Ford government. Unlike just over a year ago, today Premier Doug Ford… Continue Reading Ontario Releases 2020 Budget
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There is an old American folk song by Woody Guthrie called “Jolly Banker.” In it, Guthrie (a noted union activist) depicts a helpful banker with a constant smile who is there for families in need with loans for furniture, lines of credit, and deferred mortgages. Over the course of… Continue Reading Remember the Jolly Banker — the Bill Will Come Due
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In Canada, pundits sometimes use a clever observation to denote the difference in cultures between Americans and Canadians: the expiration notice on Canadian produced food says, ‘best before’ while American made food says, ‘consume by.’ The difference is supposed to illustrate a separation in positive versus negative… Continue Reading How Governors and Premiers Can Work Together to Reopen the Economy
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By Mitchell Davidson It seems the whole of the Ontario populace is fixated on the question of when things can return to normal. Many, including the premier, have rightly observed that Ontarians will have to adjust to a new normal as the reopening of the economy promises… Continue Reading Ontario’s Newest Tax Credits Need to be Re-evaluated Amid COVID-19
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As the calendar turns to May, some jurisdictions across Canada are starting to slowly loosen public health restrictions to re-open their economies, while others are establishing plans to do so. When COVID-19 set in, federal and provincial governments were required to work together to slow and contain… Continue Reading COVID-19: Canada’s Road to Economic Recovery
Read more →As previously announced, employers will be able to apply for the Canada Emergency Wage Subsidy (CEWS) on Monday, April 27. The Canada Revenue Agency will administer the program and expects to process 90 per cent of CEWS applications by May 5th, with direct deposits and cheques sent… Continue Reading New Federal Supports for Vulnerable Populations
Read more →The federal government announced its first sector-specific measures as part of its COVID-19 response, including targeted support for the oil and gas sector that is aligned with the Trudeau government’s key priorities: Up to $1.72 billion to clean up orphan and inactive oil and gas wells in… Continue Reading Government Announces Relief for Oil & Gas and Cultural Sectors
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Federal Government Expands Relief to Small Businesses as Response Efforts Continue Across Canada COVID-19 and the resulting economic shutdown has greatly impacted small businesses across the country. Early announcements from the federal government (and subsequent comments about gaps in federal support raised by stakeholder groups and opposition… Continue Reading Government Expands Relief for Small Businesses
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Wage Subsidy Legislation Passes The federal government met for a rare emergency sitting on Saturday during the Easter long weekend to unanimously pass legislation bringing the Canada Emergency Wage Subsidy into law. The Bill passed the House of Commons around 6:00 pm on Saturday. The Senate concluded… Continue Reading Federal Government Passes Wage Subsidy Legislation
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The House of Commons has been recalled by the Trudeau Government to sit this Saturday to pass legislation to implement the government’s 75% Canada Emergency Wage Subsidy. The House sitting will begin at 12:15 pm and the Senate is scheduled to sit at 4:00 pm, indicating the… Continue Reading Extraordinary Measures: A Saturday Sitting
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