Canadian golf lovers and golf course owners breathed a collective sigh of relief when the sport was provided with reopening status relatively early in the easing of lockdown measures across the country. And while the disruption of business has been minimal compared to the economic crisis seen in other industries like hospitality and retail, the ….
Posts By: Rosie Iskander
When choosing a trustee for your trust, the tax consequences are often not front of mind. But they should be. While the most critical qualities in a trustee are trustworthiness, financial acumen, and business know-how, having an understanding of how different trustees affect taxation is key to protecting your wealth. Many people are unaware that ….
We are pleased to announce the sale of our client Mom’s Best Gourmet Foods (“Mom’s Best”), a specialized commercial bakery based out of Ontario, Canada to Johnvince Foods, an established leader in innovating, manufacturing and distributing quality bulk foods across North America. Springbank Capital Corp. (“Springbank”) acted as the exclusive financial advisor to Mom’s Best. ….
Research is proving the impressive efficacy of psychedelics in treating conditions like anxiety, depression, and opioid addiction. Psychedelic substances like MDMA, LSD, ketamine, and most notably psilocybin (magic mushrooms) have been gaining traction in recent years as several clinical trials enter Phase II and beyond. And as the cannabis industry has experienced some undeniable challenges ….
In this uncertain time, the last thing you need to worry about is the future of your legacy wealth plan. It’s impossible to accurately forecast everything that will take place in your future, but investing the time in planning ahead and working with your trusted advisor to design a wealth plan, can help you better ….
In mid-March, following the World Health Organization’s official declaration of the COVID-19 pandemic, travel screeched to a halt. Consumers scrambled to cancel flights, and the accommodations they had booked fell through the cracks alongside them. With the order to “shelter at home” and the closure of Canada’s borders, domestic travellers and tourists from abroad were ….
A family enterprise can be recognized today as an important and distinct organization in the world economy, operating in every country. Although family businesses have been described as unusual business entities – a double edged sword that has the potential for both exponential success and dramatic undoing – they are the backbone of the Canadian ….
At the outset of 2020, the retail industry was expected to see a 5% rise in sales. Canada’s unemployment rate was at a 45-year low of 5.7%, and consumer spending was looking promising, with a 1.4% year-over-year gain following the holidays. I’m sure you can see where we’re headed. As soon as the COVID-19 pandemic ….
After several months of shutdown, the North American auto industry has announced their intention to restart manufacturing near the end of May. General Motors and FCA announced that May 18, 2020 will be the restart manufacturing date – Ford plans to follow suit. Canadian plants have announced similar plans. While Mexico is somewhat unclear on ….
Back in April of 2018, the prescribed rate increased from 1% to 2%. Previously, the rate had remained stable for several years, aside from a brief hike for one quarter in 2013. The CRA’s prescribed rate directly impacts the amount charged by the CRA for late payments, the rate that is paid out on overpayments ….