Virtus Insights

Are you ready for the new accounting standard for biological assets and harvested products? In the agricultural industry, there has been great diversity in how biological assets were accounted for, leading to inconsistency in reporting among producers. After years of consultations and analysis, the Canadian Accounting Standards Board released new guidance to account for the...

(authored by RSM CANADA) Bill C-208 has received Royal Assent and is now law, but legislative amendments are expected to support only bona fide business transitions.

(authored by RSM Canada) What are the questions you need to ask about your private equity investments to determine how much cybersecurity is “enough?"

Reduction of tax on inter-generational business transfers Bill C-208 awaits Royal Assent today, the last formality in becoming part of the Income Tax Act (ITA), after being approved by the Senate on Tuesday, June 22, 2021. The Bill allows the inter-generational transfer of certain family businesses to receive the same tax treatment as businesses sold...

How much profit is your business losing to wastes hidden inside your operations every day?  Waste elimination is one of the most effective ways to increase profitability in your business. To get rid of waste we need to fully understand exactly what waste is and where it can be found.  Processes either add value or...

Budget Announcement: The 2021 Federal Budget released April 19th introduced a number of new measures, and expanded a number of existing programs, intended to support Canadian individuals and businesses as the COVID pandemic continues. The full detail of the Department of Finance release and Budget documents is linked below but we’ve summarized what we feel...

From: Department of Finance Canada, Media Advisory The Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, will present Budget 2021 in the House of Commons on April 19, 2021, at approximately 4:00 p.m. ET. Canadian Parliamentary Press Gallery accredited media are invited to participate in a virtual embargoed reading and technical briefing...

Businesses, non-profits, and charities that have experienced a decline in revenues while weathering the COVID-19 crisis are eligible for a variety of government support measures including direct subsidies to support workers and pay rent. The Canada Emergency Wage Subsidy helps employers retain and quickly rehire workers previously laid off. The Canada Emergency Rent Subsidy provides...

Leadership is essential in any business or organization if you want to succeed. In the below video we explore a snap shot of the importance of leadership. You will learn about leadership areas of focus, managing versus leading and about the leadership styles and when its appropriate to apply each. Please contact us if you...

In the next video of our strategic solutions series, Virtus Partner, Marc Hoffort will go through an easy to understand four step approach to problem solving using some of the tools and the framework that we’ve previously gone over. Whether you plan on utilizing as part of your longer-term strategic planning process or on an...