Just in Case Planning

My post of May 13th (Things To Keep In Mind) confirmed that many of our clients are currently reviewing the risk protection aspect of their estate plans in light of hopefully temporary pandemic related diminishment of business valuations, investment portfolios and employee benefit coverages. It was interesting to read Rob Carrick’s article in the May 28th […]

A Potentially Overlooked Financial Resource

COVID-19’s severe impact on the economy is weighting liquidity access significantly higher in the consideration of any investment vehicle. Experts strongly advise against the disposition of well-structured but currently depressed investment portfolios today; as patience historically recaptures value over time. As written by Andrew Willis in the April 14th, 2020 Globe and Mail, some of […]

Continuing Employee Benefit Coverage & Premium Flexibility

Canadian insurance companies are striving to provide small businesses some flexibility in continuing benefits coverage to their employees Similar to many financial institutions, Canadian insurance companies recognize that we are living through the greatest social, economic and health challenge in generations and good employee health has never been more critical. Most benefit carriers are relaxing […]

Trust And The Family Enterprise

  Who could have predicted or imagined only a few short months ago the place our world has entered? We will get to the other side of this and in no small part because, as has been demonstrated globally, the human spirit is indomitable. Björn Owen Glad wrote on March 27th, 2020 that “social distancing […]

Family Enterprises and the New World

Any family enterprise or privately held business came into being for a reason. Its founder(s) had an idea or a passion, an aptitude or skill for the deliverance of a service, thought or product. Generally every imaginable obstacle was put in its path: financial constraints, marketplace conviction, labour uncertainties, compliance, technology, research, supply, distribution, productivity […]

Government Continues To Listen

Prime Minister Trudeau today announced additional positive changes pertaining to increased flexibility in the Canada Emergency Wage Subsidy Plan and the Canada  Summer Jobs program after concerns raised about small businesses and students falling between the cracks. For details please go to: https://www.canada.ca/en/department-finance/economic-response-plan.html.

Life Insurance Companies Demonstrating COVID-19 Flexibility

A combination of relaxed underwriting, enhanced digital channels and coverage extensions reflect measures being introduced by many Canadian Life Insurance companies. Certain large carriers are temporarily expanding their risk tolerance by relaxing certain underwriting requirements. Many carriers are accelerating improved electronic delivery options and expanding digital processes ( a much welcomed development ). Some carriers […]

Further 75% Wage Subsidy details & Interaction with CERB

  The Canada Emergency Wage Subsidy  

Government of Canada Listens

   The Canada Emergency Wage Subsidy Increasing from 10% to 75% Wage Subsidies for qualifying businesses. This will greatly help businesses maintain payroll & employment with positive spinoffs for the economic recovery on the other side of the pandemic. Will cover 75% of salary on the first $58,700 earned, back dated to March 15 Any […]

Government introduces Canada Emergency Response Benefit to Help Workers and Businesses

Please find attached the Federal Government’s: Canada Emergency Response Benefit (CERP) legislation approved on March 25th ; intended to provide up to $1,800 month net to workers who have lost income to the COVID -19 pandemic for up to 4 months.   Government introduces Canada Emergency Response Benefit to Help Workers and Businesses