Category Blog

Boost productivity and morale with effective employee retention strategies

Employee retention in Ontario faces significant challenges, with trends reflecting both economic pressures and shifts in workplace culture. A key factor driving turnover is compensation, particularly with rising inflation and cost-of-living concerns. For those who struggle to make ends meet,…

From brand awareness to sales: The impact of a well-planned ad budget

Investing in an advertising budget can have several benefits for both your brand and your bottom line. Here’s a breakdown: Benefits for Your Brand: Increased Brand Awareness: Enhanced Brand Image: Customer Engagement: Brand Loyalty: Competitive Advantage: Benefits for Your Bottom…

What is the difference between a sole proprietorship and a corporation?

The main differences between a sole proprietorship and a corporation involve their legal structures, liability protections, and tax implications. Here’s a breakdown of the key distinctions: 1. Legal Structure Sole Proprietorship: This is the simplest business structure where the owner…

Why business insurance is needed

Why business insurance is needed

Insurance is crucial for businesses for several key reasons: Financial Protection: Insurance helps safeguard your business against financial losses from various risks, such as property damage, liability claims, and employee-related issues. Without insurance, you’d have to cover these costs out…

Passive income and you

In Ontario, passive income rules can be complex and are governed by federal tax regulations, as well as some provincial nuances. Here’s a summary of the key points regarding passive income rules in Ontario for 2024

What is the CPP enhancement?

The CPP enhancement was designed to increase retirement income for working Canadians and their families. On January 1, 2019, most Canadian employees, employers, and self-employed individuals started to make additional contributions to the CPP as part of the CPP enhancement.

How minimum wage is changing the restaurant business model

On Oct 1, 2024 the minimum wage rate for both positions in Ontario goes to $17.20.  That’s an annualized increase for kitchen staff of 4.6%, only a little higher than inflation.  And I think most people accept that kitchen staff were under-paid for many years. 

Office of the Employer Adviser WSIB webinars

The OEA is hosting a series of free webinars on various WSIB topics, including Mental Stress, A Practical Guide to Return to Work for Employers (for construction and non- construction businesses, and a COVID-19 Update.