Financial Management
Construction Business
B.C. prolongs provincial sales tax rebate
B.C. has extended the PST rebate on electric vehicle charging stations, furniture, tools, office equipment and some other building/facilities management and operations essentials for another six months.
CondoBusiness
Property tax premiums loom in Nova Scotia
Nova Scotia’s new provincial government is signalling looming surcharges for residential property purchasers and owners who pay their income tax in other jurisdictions.
Canadian Property Management
Ontario to give license on commercial mortgages
Sophisticated borrowers and lenders will be able to negotiate commercial mortgages through unlicensed channels if proposed regulatory amendments are enacted in Ontario.
CondoBusiness
Reserve funds ignore climate target impacts
We should be asking our reserve fund planners to look at the Paris accord target dates and compare the end-of-life replacement of our gas-burning appliances against the target dates.
REMI Network
What are the cost savings of efficiency retrofits?
One of the greatest contributors to skyrocketing maintenance fees is inefficient or outdated infrastructure in aging buildings—a preventable expenditure when properly managed.
Canadian Property Management
CERS relief measures revised and extended
Relief measures will be more generous than previously announced for commercial tenants and owners/occupiers qualifying for the Canada Emergency Rent Subsidy.
CondoBusiness
Three red flags of risky procurement practices
Federal scrutiny of condo procurement should be sufficient reason for diligent condo boards to examine their procurement practices.
REMI Network
Condos feel the lows of high deductibles
How can condo corporations handle losses that are below their deductible?
Canadian Facility Management & Design
New aid bolsters Ottawa convention facility
Ottawa’s Shaw Centre, a 192,000-square-foot convention facility in the city’s parliamentary district, has received $2 million from the Ontario government to help cover operational and maintenance costs.
Canadian Property Management
CERS uptake falls short of potential
Removing landlords from the application process hasn’t necessarily made the Canada Emergency Rent Subsidy (CERS) more accessible for commercial tenants experiencing pandemic-related financial stress.
Canadian Facility Management & Design
Private donations unlock Alberta events aid
$13 million is earmarked to support the resumption of in-person attendance at programming offered in cultural centres, museums, sports facilities, arts spaces and agricultural society halls.
Canadian Property Management
Pandemic relief defrays Ontario insolvencies
Low interest rates, flexibility to defer payments and various government-funded programs synergized into what are characterized as “exceptional” circumstances in a recessionary period.
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.
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.
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.
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.
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.
