Economic and political stability. Low unemployment rates. Excellent health care. It’s no wonder why so many people from across the world choose Canada as their ideal location for real estate investment. Home to many ex-pats, and a vacation favourite for global travellers, the Canadian market provides fertile ground for both overseas investors and new immigrants ….
Golf course restructuring: A return to profitability
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 ….
Foreign Trustee vs. Canadian Trustee: What’s right for you?
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 ….
Mom’s Best Gourmet Foods acquired by Johnvince Foods
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. ….
Psychedelics investors are seeking 3 key qualities
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 ….
Building a legacy wealth plan: Strategic planning expert Jonah Bidner shares what you need to know
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 ….
Corporate turnaround insight for Canada’s struggling hotel industry
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 ….
6 key facets to a successful family enterprise
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 ….
Retail industry turnarounds and the post-pandemic market
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 ….
59 Days Later: A follow up COVID-19 discussion with Dr. Peter Andersen
Dr. Peter Andersen joins us again, for a second economic update, 59 days after the initial COVID-19 business shut-down. During this webinar Peter addresses the following: Made in Canada problems US recession will end this summer Construction and Manufacturing will be the first to show momentum Canada will not reopen as quickly Get ready for ….