November 30th, 2020
Posted in: Tips & Insights
The coronavirus crisis isn’t over yet, but it’s never too soon to start preparing psychologically and financially for the economic aftermath of the multiple whammies of economic shutdowns, hundreds of thousands of people losing their jobs, many companies going bankrupt, and massive taxpayer-funded bailout plans. Here’s a video taking a look at how Canada has fared in the coronavirus crisis -
This article takes a look at some of the things the federal government might be planning to help restore some balance after the crisis is over and re-building begins.
Some options that the government might be considering:
This pandemic has been very difficult for Canadian citizens and businesses, and the aftermath of the huge economic stimulus packages to keep things afloat during the crisis means high government debt and the burden of re-payment on taxpayers. There is a tremendous bill that is going to come due in a few years – how do you protect your business? How does your business stay solvent during this crisis and in the debt-heavy economic aftermath?
This article has six very useful ideas for how to prepare for what is brewing:
Contact Shaw & Associates Chartered Accountants for accounting help you can count on. We can start planning for how your business will handle the current crisis and the future rate increases right away. One complimentary meeting with us will put you and your business on a more profitable and positive path.