Over the weekend the Federal government approved an updated version of the Canada Emergency Wage Subsidy Program (“CEWS”). The Government’s intent with this program is to help employers keep and/or return workers to their payroll throughout the COVID-19 pandemic. This is an update to our previous announcements on the program as there has been a […]
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The COVID-19 pandemic represents a serious health threat to individuals, and a significant disruption to daily life and the Canadian economy. Some sectors, such as the energy, travel and hospitality, and service industries, are being particularly hard hit. However, it’s important to underscore that while the impact is large, it is expected to be transitory. […]
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Today Finance Minister Bill Morneau provided some additional details related to the Canada Emergency Wage Subsidy program previously announced by the Government of Canada. These details include: The wage subsidy will be available to all non-publicly funded companies, charities, and not for profits – however only employers who suffer a drop in gross revenues of […]
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Recent Updates During todays COVID-19 update the Prime Minister provided an announcement on new measures for businesses. These include: The Temporary Wage Subsidy has been increased to 75% from 10% for eligible businesses (details to come from the Federal Government); Up to $40,000 in government guaranteed interest-free loans from the banks will be offered, with […]
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Cyber attacks come in a variety of forms and with a variety of intentions. Whether for money or pure disruption, organizations are at risk of both the intrusion and the potential breach of regulatory obligations. Identifying cyber risks While there are many different types of cyber threats, the following are the most common five encountered: […]
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When we think about fraud committed against individuals, many of us immediately think of identity theft. Identity theft is the taking of a victim’s private information (such as their social insurance number or birthdate) to use for financial gain. Examples of identity theft include applying for and using a credit card with the stolen information. […]
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The new year brings new changes and new ideas; if you’re planning on incorporating or starting a business as a sole proprietor here is some advice to consider for planning an effective year-end. Plan in Accordance with Your Highs and Lows If your business is seasonal or cyclical, you’ll ideally want to establish a year-end […]
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In previous articles we discussed various liquidity alternatives and how to prepare for a liquidity event. This article focuses on one liquidity alternative, the divestiture, and discusses factors that are critical to making the process effective, ensuring optimal outcomes are achieved. An effective divestiture process needs to accomplish the following: Create competitive tension and incentivize […]
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Once it is determined that an independent valuation is needed, business owners and legal advisors are often unsure what the deliverable should be to meet their needs. When a Chartered Business Valuator (CBV) is engaged to act as a valuation expert where there is an expectation of independence, the CBV typically provides an expert report […]
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When you are running a restaurant, it can be easy to focus on the food and hospitality and brush off accounting as a secondary task. Like any business, however, you are looking to gain and maintain a profit, and good accounting systems are crucial in order ensure your success. Here are our tips to help […]
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