Financial Management

Quebec aligns small business corporate tax rate with Ontario's

Canadian Property Management

Quebec cuts small business corporate tax rate

The 2021 budget also introduces a temporary doubling of the C3i tax credit for expenditures on computer hardware, management software or manufacturing and processing equipment.
office

Canadian Facility Management & Design

Rethinking office density and cost

COVID-19 could also introduce a new workplace trend: “the liquid workplace.” Tech giant Dropbox already embraces this new model.
CERS rate structure confirmed to June 5

Canadian Property Management

CERS rate structure holds steady until June 5

The federal government reserved the option to adjust the funding levels after March 13 when it introduced the subsidy for fixed property expenses last November.
Alberta's education mill rate nudges up 0.1 basis point, as the province aims to collect $4.8 billion in property tax revenue

Canadian Property Management

Alberta’s education mill rate nudges up 0.1 bps

Alberta’s education mill rate has nudged up 0.1 basis point, adding $0.01 per $1,000 of assessed value to the provincial portion of property tax bills.
Women experience vast share of 2020 real estate job loss

Canadian Property Management

Women bear brunt of 2020 real estate job loss

Women were jettisoned from 14,300 of the roughly 16,000 positions Ontario's real estate, rental and leasing sector shed last year.
Isle of Man and Jersey rank among the most welcoming havens for high-net-worth individuals

REMI Network

Self-governing islands judged welcoming havens

Isle of Man and Jersey are drawing high-net-worth individuals looking for a combination of financial secrecy and low corporate taxes, advises a leading mortgage broker for such clientele.
Canadian hoteliers get needed COVID-19 relief

Canadian Property Management

Canadian hoteliers get needed COVID-19 relief

Relief helps to offset a year when RevPAR plummeted by 60 per cent relative to 2019 and the 12-monrh average hotel occupancy rate barely nudged above 33 per cent.
HASCAP low-interest loan rollout now underway

Canadian Property Management

HASCAP low-interest loan rollout now underway

Loans of $25,000 to $1 million will be available through the Highly Affected Sectors Credit Availability Program (HASCAP), fully guaranteed by the Business Development Bank of Canada.
sustainability plan

CondoBusiness

Creating a condo sustainability plan for 2021

A sustainability plan and budget should be made with the mindset of plan and prevent, instead of react and pivot.
commercial evictions still on hold in Ontario

Canadian Property Management

Ontario extends ban on commercial evictions

Commercial evictions are still on hold in Ontario for qualifying tenants experiencing pandemic-related financial stress. A new regulation, enabled through 2020 budget legislation, extends the protections.
More electricity price adjustments for Ontario

Canadian Property Management

More electricity price adjustments for Ontario

For now, residential and small business customers enrolled for either time-of-use (TOU) rates or tiered pricing under the provincial regulated price plan will be charged the off-peak TOU rate of 8.5 cents per kilowatt-hour for all electricity consumption.
Electrical Safety Authority advised to redeploy resources

Canadian Facility Management & Design

Safety body advised to redeploy resources

Ontario’s Electrical Safety Authority (ESA) has been advised to place greater priority on the scrutiny of complex installations and adopt technologies to better support efficient, cost-effective service delivery.
COVID-19 related investment announced in fall economic statement

Canadian Property Management

COVID-19 related investment unveiled

The commercial real estate, facilities management and construction/retrofit sectors appear poised to capture a share of the spending announced in the Canadian government’s fall economic statement.
Grocery-anchored retail stands out positively among other retail investment properties

Canadian Property Management

Grocery-anchored retail deemed a best buy

Beyond stores selling essential goods, bricks-and-mortar retail is reeling from COVID-19-triggered public health controls and watching its already gaining competition grow even faster than projected.
CERS draft legislation outlines new commercial rent relief program

Canadian Property Management

CERS draft legislation awaits adoption

CERS will deliver direct rent support to qualifying tenants without the need to work though their landlords. As a direct subsidy, unlike CECRA, no loan agreement is required.
insurance

CondoBusiness

Canada’s condo insurance crisis

Impacts of the hard insurance market are trickling into condominium corporations across Canada, challenging boards and managers in their wake.
commercial evictions

Canadian Property Management

Ontario wires commercial evictions on/off switch

A proposed amendment to the Commercial Tenancies Act, included in Ontario's budget bill, would allow the Minister to impose future COVID-19-related prohibitions on commercial evictions via regulation.