Financial Management

British Columbia extends provincial sales tax rebate

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.
Property tax premiums loom for non-resident purchasers and owners of Nova Scotia residential properties

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.
Ontario to give license on commercial mortgages

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.
reserve funds

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.
efficiency retrofits

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One of the greatest contributors to skyrocketing maintenance fees is inefficient or outdated infrastructure in aging buildings—a preventable expenditure when properly managed.
CERS relief measures revised and extended

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.
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.