The newly-elected Prime Minister’s campaign includes an extensive economic platform, substantial increases in federal funding for many sectors of the Canadian economy and forward-looking strategies that may have significant implications for 10 key industries.
Attending a wealth management conference this past weekend, I had the opportunity to hear two (2) interesting economic forecasts from TD Bank and National Bank.
“It’s different this time.” That was how Peter Hall, Vice-President and Chief Economist for Export Development Canada introduced his presentation at a recent Burlington Economic Development Corporation breakfast. The promise of ‘different’ got everyone’s attention. Hall believes that things are finally on the way up with a revival of confidence pointing to a … Continued
2014 Federal Budget Commentary Finance Minister Jim Flaherty released the 2014 budget on February 11th and mainly focused on balancing budgets, job creation and growth. He is projecting a decline to the deficit of $2.9 billion for 2014/2015 and a surplus of $6.4 billion for 2015/2016. While there are no major changes/benefits to the taxpayer, … Continued
Peter Hall, Vice President and Chief Economist, Export Development Canada, provided some valuable insights at the recent Burlington Economic Development Corporation's Economic Forecast Breakfast. Some of the highlights: Europeans are in a recessionary zone as well as Japan. Half believe it will get better and half believe it will get worse. There is a lot … Continued
By the time entrepreneurs have processed all their facts and figures and responsibilities, they are often tempted to postpone any personal investments, preferring instead to depend on their business equity to finance their retirement. This isn’t always the best course of action. A recent TD Canada Trust poll indicated that most small business owners in … Continued
Mobile technology and the related application market are experiencing huge growth. The associated trends and impact of this growth will have a major influence on business for years to come. So why is mobile technology so critical? The main reason is its portability. Seventy-five percent of the world's population has access to cell phones. In … Continued
Small businesses are often called Canada’s economic engine. Still, there are many aspects of small business that actually break down how they specifically contribute to the economy. For example, how much does small business contribute to the country’s gross domestic product? How many small businesses are there and how many people do they employ across … Continued
The ongoing US deficit crisis has resulted in President Barack Obama proposing to increase taxes. This initiative will only put more pressure on the US Internal Revenue Service (IRS) to increase its review of transfer pricing between multinational groups of companies. According to the tax law in Canada, the United States and other developed countries, … Continued
If you do business in British Columbia, read this: Recently a tax referendum was held in the province of BC, whereby British Columbians had to vote whether they were in favour of removing the harmonized sales tax (HST) that was introduced on July 1, 2010 and reinstate the goods and service tax (GST) and the … Continued