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CEBA Program Repayment Deadline Update For CEBA loan holders in good standing, the forgiveness repayment date has been extended to January 18, 2024. Loan holders that do not qualify for the new extended term are required to repay the outstanding amount of their CEBA Loan(s), in full, by December 31, 2023. Am I eligible for the January 18, 2024 repayment deadline to qualify for partial loan forgiveness? Loan holders that…  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. No firm commitment to balance the budget: What economists are saying about Ottawa’s fiscal update The federal Liberals unveiled a series of measures aimed at addressing housing affordability in their Nov. 21 fiscal update, but also emphasized the need to keep government finances under control. Here’s what economists are saying about the…  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. It’s been ‘hard to sell’ in many housing markets across Canada. Here’s why The balance is shifting in Canada’s housing market, with realtors in most major markets saying home sales are slowing from Vancouver to Toronto. For home sellers who missed the signs, the slowdown can come as a…  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Over 2 million mortgage holders will face ‘interest rate shock’ in next 2 years: CMHC Canada’s housing agency is warning of a looming “shock” for borrowers renewing their mortgages as a new analysis shows the pain of higher interest rates is starting to put pressure on some homeowners. Canada Mortgage…  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Interest rates could stay higher for longer. What that means for your portfolio Higher interest rates have weighed on many Canadian’s portfolios so far this year.  Here’s how fresh expectations for the Bank of Canada’s rate path might affect markets. Plateauing Canada’s immigration levels ‘step in the right direction,’…  Read more

This November, Accountants on Main remembers and honors every individual whom has served our country. Lest we forget.  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Retail sales slowdown shows rate hikes ‘seem to be working’: economist Some experts say retail has always been a tough business, as the sector continues to face the perfect storm of challenges — including high interest rates and supply shortages. Statistics Canada says retail sales fell 0.1 per cent to $66.1…  Read more

The AoM team is wishing you a happy, fun & spooky Halloween this year! While Masquerade on Main and Mill isn’t happening this year, we look forward to seeing you all in 2024!  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Bank of Canada warns of inflation ‘feedback loop’ Bank of Canada official Nicolas Vincent has warned there could still be significant hurdles when it comes to getting inflation back to the central bank’s target of two per cent. How interest rates will drive Canada’s housing market in coming months Lower…  Read more

The AoM team enjoyed a delicious lunch yesterday from Killick Kitchen, Heather’s Bakery Café and our lovely clients! Followed up by a productive team meeting.  Read more

Here we grow again! We are looking to hire a Senior Level Accountant to join our AoM team! Apply through our Indeed posting here!  Read more

A big thank you to our clients for the thoughtful gesture! We appreciate you thinking of us!  Read more

September 30 marks the National Day for Truth and Reconciliation. We take this day to remember and honour the children who never returned home and survivors of residential schools, as well as their families and communities. We encourage everyone to wear orange on this day to honour all survivors of residential schools.  Read more

The Underused Housing Tax (“UHT”) is an annual 1% tax on the ownership of vacant or underused housing in Canada that took effect on January 1, 2022. The UHT Return deadline is October 31, 2023. Don’t let it cost you up to $10,000.00. Do you own vacant or underused housing in Canada? Are you considered an affected owner? All affected owners need to file a UHT return for each property that they…  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Canada’s economy contracted during 2nd quarter, StatsCan says The Canadian economy appeared to stall in the second quarter as investment in housing continued to fall, led by a drop in new construction. Statistics Canada said Friday the economy contracted at an annualized rate of 0.2 per cent in the second quarter.…  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Why America’s election is Canada’s business One could say without exaggeration that Canadians follow American elections just as closely as they do their own federal politics. And rightly so. Our economy and security are fully intertwined with our southern neighbour, a superpower and still the largest economy in the…  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Economists expect rise in inflation as price-growth fight enters new phase Forecasters anticipate this week’s consumer price index report to show inflation rose last month, signalling a reversal in progress after a year of steady declines in inflation. Air Canada profits soar amid booming demand for international travel —…  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Business groups ask government for labour changes after end of B.C. port dispute Business groups continued to call on the federal government to take action in the wake of the recently resolved British Columbia port workers dispute on Saturday, arguing Ottawa must ensure such a disruption never happens again.…  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Economy hit ‘sharp reversal’ in June. What this means for the Bank of Canada Canada’s economy kept growing in May, but early signs of a long-awaited slowdown started to appear in June, according to Statistics Canada. The Bank of Canada has said that future rate decisions, including its next one on…  Read more

Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Inflation has fallen, but the Bank of Canada hasn’t backed off rate hikes. Here’s why Canada’s inflation rate has returned to the country’s target range after a tumultuous couple of years of soaring prices. But despite the good news, the Bank of Canada is still in inflation-fighting mode and…  Read more