Insights

Province Launches the Ontario Together Fund

Province Launches the Ontario Together Fund

Premier Doug Ford and the Minister of Economic Development, Job Creation and Trade Vic Fedeli issued a further call to action for businesses, organizations, and communities to redeploy capacity to manufacture essential medical supplies and equipment to help the province combat COVID-19. To support this, the province… Continue Reading Province Launches the Ontario Together Fund

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Building Pipelines: Advancing Keystone XL and Canadian Industrial Capacity

Building Pipelines: Advancing Keystone XL and Canadian Industrial Capacity

Alberta Premier Jason Kenney announced an investment to accelerate the construction of the Keystone XL pipeline. The province’s investment includes $1.5 billion in equity in 2020 and a $6 billion loan guarantee in 2021, enabling immediate construction on the Alberta portion of the pipeline. The project is… Continue Reading Building Pipelines: Advancing Keystone XL and Canadian Industrial Capacity

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Giving Municipalities Financial Flexibility During COVID-19

Giving Municipalities Financial Flexibility During COVID-19

By Michael Fenn Municipalities need new financial tools to get through COVID-19. Across the Canadian economy, governments are giving businesses – large and small – the lifeline of increased liquidity and credit, in order to avoid widespread business failures, large-scale layoffs, and discontinuation of contracts to small… Continue Reading Giving Municipalities Financial Flexibility During COVID-19

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Ontario Extends COVID-19 State of Emergency

Ontario Extends COVID-19 State of Emergency

With Ontario’s Chief Medical Officer recommending stronger updated guidelines for vulnerable individuals to stay home and self-isolate, Premier Ford confirmed that the province will be extending its state of emergency declaration for another 14 days (it is set to expire on March 31st). The Ontario Legislature is… Continue Reading Ontario Extends COVID-19 State of Emergency

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Federal Government Broadens Access to Wage Subsidy

Federal Government Broadens Access to Wage Subsidy

Prime Minister Justin Trudeau announced the broad eligibility requirements for the Canada Emergency Wage Subsidy: Businesses will be eligible if their revenues have decreased by at least 30 per cent due to COVID-19 The wage subsidy will be available to non-profit organizations and charities, as well as… Continue Reading Federal Government Broadens Access to Wage Subsidy

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March 27 Update: Second Wave of Federal Support for Businesses

March 27 Update: Second Wave of Federal Support for Businesses

Prime Minister Justin Trudeau announced additional supports to Canadian businesses and workers under the COVID-19 Economic Response Plan, providing up to an additional $65 billion in direct support, and an additional $30 billion in deferred taxes and duties. The federal government will be increasing the small business… Continue Reading March 27 Update: Second Wave of Federal Support for Businesses

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Canada Approves COVID-19 Emergency Package

Canada Approves COVID-19 Emergency Package

After negotiations between the government and opposition parties all day Tuesday and into the early hours of Wednesday, both the House of Commons and Senate have passed the Trudeau government’s emergency financial legislation, Bill C-13, the COVID-19 Emergency Response Act (CERA). Governor General Julie Payette gave the… Continue Reading Canada Approves COVID-19 Emergency Package

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Ontario Unveils Fiscal Update; COVID-19 Worsens

Ontario Unveils Fiscal Update; COVID-19 Worsens

Ontario’s Action Plan 2020: Responding to COVID-19 During an emergency session of the legislature, Ontario Finance Minister Rod Phillips announced sweeping investments in response to the COVID-19 pandemic as part of his March 2020 Economic and Fiscal Update. Much of it is aimed at getting money into… Continue Reading Ontario Unveils Fiscal Update; COVID-19 Worsens

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Ontario Lowering Hydro Rates in Response to COVID-19

Ontario Lowering Hydro Rates in Response to COVID-19

With social distancing in full effect, the Ford government is temporarily ending time of use electricity rates for families, farmers, and small businesses. At all hours of the day, customers will be charged the lower off-peak rates usually reserved for the overnight period. This measure will be… Continue Reading Ontario Lowering Hydro Rates in Response to COVID-19

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Potential Economic & Fiscal Impact of COVID-19 on Ontario

Potential Economic & Fiscal Impact of COVID-19 on Ontario

By Gabriel Sekaly On March 25th, Ontario will present a one-year fiscal and economic update, rather than a full budget, given the currently uncertain economic situation. This one-year outlook will allow transfer partners to plan their operations and for the government to table Expenditure Estimates and a… Continue Reading Potential Economic & Fiscal Impact of COVID-19 on Ontario

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