Financial Management

procurement

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.
deductibles

REMI Network

Condos feel the lows of high deductibles

How can condo corporations handle losses that are below their deductible?
Ottawa convention facility receives $2 million in provincial aid

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.
CERS uptake falls short of potential

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.
Private donations needed to unlock Alberta government event aid

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.
Ontario insolvencies drop in 2020

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.
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.
Ontario insolvencies drop in 2020

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.