The federal government’s 2024 Fall Economic Statement was delivered this week amid the chaos of Finance Minister Chrystia Freeland’s resignation, her replacement in that portfolio by Public Safety Minister Dominic LeBlanc, and ongoing threats of a trade war from South of the Border. Within that context, Ottawa announced a higher-than-expected deficit of $61.9 billion for …
With the hectic holiday season upon them, businesses across Canada have a new administrative task to manage in the coming days: accounting for the federal government’s HST holiday (see the government announcement for the full details and implementation guidelines). The measure—which has now received royal assent and will be in effect between December 14th, 2024 …
Potential HST holiday compliance pitfalls for small businesses Read More »
When the last race has been run, the final hurdle cleared and the cauldron extinguished until next time, we’ll be left with countless unforgettable memories from the Paris 2024 Olympics. And the Games featured many for Team Canada—from Summer McIntosh’s multi-medal, in-pool dominance to surprise track and field victories from the likes of hammer throwers …
Strategic (and actionable) business lessons from the 2024 Games Read More »
Each year we’re proud to celebrate our achievements as a firm—and once again, the Adams + Miles team took some major steps forward. From operations to international networking to overall firm-wide growth, 2023 has been a year to remember. I want to start by offering a heartfelt ‘thank you’ to our clients. You are the …
Celebrating another year of growth and client success at Adams + Miles Read More »
For many Canadian CEOs, success in their domestic market is only the first step in a longer journey of business expansion. The more lucrative target can be international markets—often beginning with the U.S. (most Canadian companies’ natural next step for global growth) before looking further abroad. When they make that cross-border leap, however, business leaders …
Pay attention to these 7 international tax compliance points when going global Read More »
Sometimes the most fruitful business opportunities are nurtured among long-time friends. Capitalizing on them means broadening already strong relationships and working together in creative, innovative and dynamic ways. That was one of the most powerful learnings from this week’s AGN International World Congress in Tokyo, an event that opened my eyes to the potential to …
A letter from Tokyo: The opportunity to build stronger Canada-Japan trade ties Read More »
Over nearly a century, Adams + Miles has been home to some of the best professionals in our industry. All have left their mark, but few have done it quite like John Warren. Our team is very sad to share the news of John’s recent passing after a two-year battle with cancer. John’s illustrious career …
Remembering long-time Adams + Miles Partner John Warren Read More »
Last week the federal government announced two program changes that could affect a significant number of small to medium-sized businesses across Canada. The new measures include an enhancement of the GST Rental Rebate on new rental housing and an extension of the Canada Emergency Business Account (CEBA) repayment deadline. Here’s what you need to know: Enhanced …
Ottawa waives GST on purpose-built rental housing, extends CEBA repayment deadline Read More »
There comes a point in the life cycle of a small to medium-sized business when its founder (assuming he or she is still in charge) needs to make a difficult, yet critical decision: whether to bring in outside leadership to help run the business. It’s not a decision to be taken lightly. Entrepreneurs give their …
When it’s time to bring outside leadership into the business Read More »
Looking to transition your business to the next generation so you can enjoy retirement, or simply because you’ve decided that it’s time to hang up the entrepreneurial reins? You may want to take some lessons from the popular HBO series Succession to ensure things don’t go seriously awry, creating irreparable family rifts—and even loss of …
Business succession: Do your kids really want to take over the family company? Read More »
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Chartered Professional Accountants
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