From Our Blog

Small business phase-out threshold increased – Under current rules, Canadian-controlled private corporations (CCPC) are eligible for a lower corporate income tax rate on their first $500,000 of business income. 

With more and more information being stored in the digital realm, it is crucial that business and individuals adapt to the security risks associated with having data stored online.

Get back up to 20% of your eligible 2022 Ontario accommodation expenses when you file your personal income tax return for the tax year 2022 (filed in 2023). Ontario residents can claim 20% of their eligible 2022 accommodation expenses,

The Ontario Government announced on January 7, 2022 that they are providing a $10,000 grant payment for eligible small businesses.

With the holiday season looming, many of us are looking forward to that lovely festive dinner. Each year, my mother-in-law spends five to six hours prepping and cooking the turkey. With attention to details spent like that, I can assure you the final result is well worth it.

A common term many entrepreneurs are increasingly hearing is ESG, which stands for Environmental, Social, and Governance (ESG). While ESG is certainly not new, there has been a global focus on a efforts in each of the three areas. 

As of today, the government has announced changes to several of its assistance programs. The Canadian Emergency Wage Subsidy (CEWS) and the Canadian Emergency Rent Subsidy (CERS) were terminated on October 23rd, 2021, while the Canadian Recovery Hiring Program, as currently structured, concluded effective November 20th, 2021.

On November 4th, 2021, the government introduced a Bill that would, if passed, raise minimum wage rates and eliminate the special liquor servers rate effective January 1, 2022.

Over the past year, we have experienced significant restrictions on international travel as a result of the COVID-19 pandemic. While this has certainly been a very frustrating time, it has created a unique opportunity as the demand for Airbnb rentals has continued to surge with inter-provincial travel hitting record highs.

On October 19, 2021, Service Ontario launches their New Ontario Business Registry.

Canada-Ontario Job Grant (COJG) provides opportunities for employers, individually or in groups, to invest in their workforce, with help from the government

CRA created the CRHP to assist employers hire more employees to recover and grow their businesses as the government reopens the economy. This program was introduced as part of Bill C-30 and will be available for application when it receives Royal Assent.