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07/17/2014

2014 Ontario budget: Higher taxes for higher earners and some corporations

On May 1, 2014, Ontario’s Minister of Finance, Charles Sousa, presented the province’s budget.

In brief, the budget:

  • increases taxes for individuals with taxable incomes over $150,000 and for large Canadian-controlled private corporations (CCPCs)
  • will require employers and employees that do not already participate in a comparable pension plan to each contribute up to about $1,700 annually to the Ontario Retirement Pension Plan (ORPP), starting in 2017

Ontario's July 14, 2014 budget reintroduces the tax measures in its May 1, 2014 budget.

However, a change announced on July 14, 2014, increases the tax rate on aviation fuel to 3.7 cents per litre on September 1, 2014, rather than on royal assent, as had been announced on May 1, 2014.

Click here to read the detailed Tax Insights which discusses these and other tax initiatives proposed.

For an overview of the federal budget and other provincial budgets, please visit: http://www.pwc.com/ca/budget

 

07/09/2014

How to maximize value from your investment in technology

“Investing in new technology doesn’t have to be an all or nothing proposition” says Matthew Kenny, PwC’s Private Company Services Consulting Leader.

In order to thrive in a competitive landscape and grow profitably, strategic investment in technology must be a critical component of a company’s overall business strategy.

Read insights from PwC’s Matthew Kenny and Matt Ambrose on How to maximize value from your investment in technology.

For more information on our Business Insights Survey, visit our website: www.pwc.com/ca/businessinsights  

   

07/03/2014

Balancing the personal with the professional

How to bridge the gap in a family business

Most family business leaders say their key advantage over non-family-owned firms is their long-term approach and their focus on building trust and personal relationships. So why is it that only 12% of family businesses make it to the third generation and only 1% make it beyond the fifth generation?

These findings come from PwC’s 2014 Global Next Generation Survey, Bridging the gap: Handing over the family business to the next generation and they reflect a similar reality playing out in Canada. Baby boomer parents and their millennial children don’t always communicate their wants and expectations, leading to misunderstandings that are putting family businesses at risk.

Read the full Canadian perspective of this Global report here

 

06/25/2014

The servant leader


In a unique employee ownership structure, Golder Associates Global President & CEO puts the needs of clients, staff and the communities they serve first.

Golder’s long-held culture of trusting local talent and embracing their priorities aligns nicely with Conlin’s preferred leadership style, what he calls “servant leadership,” putting the needs of employees, clients and communities first.

Read the full story on our Up front website here.

 

Up front, which is produced in print and digital formats, brings leading executives together to discuss the critical issues impacting the direction of Canadian business. It includes executive interviews, columns written by recognized subject matter experts and case studies of innovative business solutions.

upfront.pwc.com

 

  

06/18/2014

Helping families through the maze

 

Tax planning for cross-border families

Thanks to our long and friendly relationship with our neighbour to the south, it’s tough to find a family without some kind of US connection. Whether you’re a dual citizen or have children living in the US, you’ll need to consider your exposure to the US tax regime every time you undertake tax planning. Failure to do so can result in significant unexpected tax and penalty exposure.

Our Cross-border Private Client Team is here to help you understand and plan your affairs so that you have a tax efficient plan here and in the US.

Click here to read more.

 

    

06/11/2014

Technology strategies

Canada’s private company leaders have forecasted an aggressive growth rate of 7.6% this year and understand that technology is a means to get there. That said, only 20% of respondents are planning to invest in technology this year. So why the hesitation? Read: Technology strategies

In order to thrive in a competitive landscape and grow profitably, strategic investment in technology must be a critical component of a company’s overall business strategy.

In this release of PwC’s Business Insights Survey, Building a sustainable future: Technology strategies, we highlight tips to manage technology change, how to maximize value from your investment technology and information on the top technology spends.

Read the article here. 

To download a copy and for more information on our Business Insights Survey, visit our website www.pwc.com/ca/businessinsights 

 

 

06/04/2014

Leveraging the team dynamic

When the US financial crisis was at its peak in 2008, the Minto Group were not only negotiating a large revolving credit facility to support their expansion into the Florida housing market, but also managing a more personal transition to the company’s first non-family chief executive.  In September 2008 when the world was turning upside down fast, and a volatile downturn saw nearly all private homebuilders in the state disappear, Minto made a bold decision to take advantage of depressed market prices and expanded their presence in Florida.

To learn how Minto forged ahead and succeeded in an unlikely circumstance, read the full story on our Up front website here.

 

Up front, which is produced in print and digital formats, brings leading executives together to discuss the critical issues impacting the direction of Canadian business. It includes executive interviews, columns written by recognized subject matter experts and case studies of innovative business solutions.

http://upfront.pwc.com

 

 

05/28/2014

Challenge the norm with Innovation

Innovation is essential to staying relevant and competitive in the new economy. To do this and achieveInnovation video - thumbnail profitable growth, leading companies are prioritizing innovation. When implemented as a business discipline tied to growth, the most innovative businesses are maturing twice as fast as their competition. Organizations that use a more structured approach to innovation and have a more diverse set of collaborators are able to harness a greater number of ideas and see them through to implementation. To be innovative, you need to engage everyone in the organization, challenge the norm, and take some acceptable risks to grow in the long-term.

Watch Innovation as a driver for growth

For more information, visit www.pwc.com/ca/innovation

 

05/21/2014

Considering expanding beyond Canada’s borders?

Here are a few things to consider:

  1. Comprehensive, multi-year strategic plans outlining customer demand, growth prospects, competition and demographics
  2. A clear understanding of how business is conducted in the new market
  3. Relationships on-the-ground with local government, banks and suppliers
  4. Time in the region to gain as much knowledge as possible
  5. Access to talent
  6. A willingness to adapt and assimilate
  7. An understanding of the tax and regulatory environment

Learn why private companies should consider expanding into new markets in Building a sustainable future: Strategies for growth – a report that highlights the key findings from this year’s Business Insights Survey.

For more information on the Business Insights, visit www.pwc.com/ca/businessinsights

05/15/2014

On the move

As one of the few female business owners in the largely male-dominated North American logistics industry, it would have been easy for Kelli Saunders to consider herself at a disadvantage when she founded Mississauga, Ont.-based Morai Logistics Inc. in 2010.

Indeed, Saunders surprised more than a few of her prospective clients—nearly all of whom were used to being pitched by men—when she stepped into meetings in those early days. But they quickly realized that the long-time logistics industry veteran was at the top of her game and ready to shake up the traditional logistics experience as her team helped them coordinate the shipment of goods, ranging from small packaged items to hazardous materials, by rail or truck across North America. 

Read Kelli's full story on our Up front website here.


Up front
, which is produced in print and digital formats, brings leading executives together to discuss the critical issues impacting the direction of Canadian business. It includes executive interviews, columns written by recognized subject matter experts and case studies of innovative business solutions.

http://upfront.pwc.com