2013 Ontario Provincial Budget Commentary

Finance Minister Charles Sousa delivered Ontario’s 2013 Budget, his first as Finance Minister, on May 2, 2013. The Budget is projecting a deficit of $9.8 billion for 2012-13, $5 billion lower than projected a year ago, and increasing to $11.7 billion for 2013-14. The...

Business Valuation & Succession Planning

If the shareholder of an owner-managed business decides to retire without ownership passing to family members, a number of factors should be considered. How will the business carry on?  In some cases it can be sold to an employee or management team in whom the owner...
Risk Mitigation – When Catastrophe Strikes

Risk Mitigation – When Catastrophe Strikes

In the course of doing business, a company may be affected by an insurable loss, such as a fire, flood, equipment failure or explosion. These incidents, if not handled properly, can result in significant damage to the company’s profit, financial stability and possibly...

Beware of Fraudulent Communications

Occasionally, taxpayers may  receive, either by telephone, mail, or email, a communication that claims to be  from the Canada Revenue Agency (CRA) but is NOT. In all these cases, the communication requests personal  information, such as a social insurance, credit...