Federal Budget 2019: A Closer Look
As expected the 2019 Federal Budget was light in private Canadian business and more-so heavy on the focus of obtaining votes. However, a few items worth a closer look did occur and are discussed in detail below. Home Buyers Plan (“HBP”): The HBP allows first-time home buyers to withdraw RRSP funds without tax to purchase […]
Federal Budget 2019: Initial Thoughts
Compared to the past three years of fireworks released by the Federal Budget, 2019 was tame with the Liberal Government more intent on garnering votes during an election year. The Budget was heavy on Federal spending with more changes on the personal side of taxation as opposed to the corporate. It should come as no […]
Do You Know Your Company’s Cash Burn Rate?
“What is your company’s cash burn rate?” is one of the first questions I ask new clients, who are between their start-up and business maturity phase. Although some have a very good understanding based on their insights to daily operations, the majority typically do not have a response and give me that deer-in-the headlights look. […]
Does My Business Need a Budget?
Often when businesses start up, a business plan is prepared and presented to a financial institution to secure financing. Upon successfully obtaining a loan, the budget or forecast presented in the business plan is a distant memory for new business owners who quickly get involved in running their business operations. However, if you are serious […]