News

Tax deductions and credits for contractors If you’re a contractor, you know how quickly business expenses add up.

EllisDon building Canada Pavilion for Expo 2020 Construction is progressing well on the Canada Pavilion at Expo 2020 in Dubai.

Government announces PPE safety blitz The Minister of Labour, Training and Skills Development announced an inspection blitz on construction sites across the province on February 4.

Help wanted: 100,000 workers The Ontario construction and maintenance sector continues to operate at close to full capacity driven by high volumes of investment in public- and private-sector infrastructure and residential activity. The industry will need to hire, train, and retain almost 100,000 additional workers to keep pace with expected demand growth and record retirements, according to the labour market forecast released today by BuildForce Canada.

CLAC makes post-OCOT recommendations to government CLAC has provided its opinion to the Ontario government on what should be done to the province’s skilled trades and apprenticeship system in the wake of the dissolution of the Ontario College of Trades (OCOT).

PSPC to hold design competition for Block 2 A block of land immediately across the road from the Parliament Buildings in Ottawa has been earmarked for a significant transformation.

VIA issues RFQ for Toronto, Montreal projects VIA Rail issued a request for qualifications on January 30 for contractors wanting to work on projects in Toronto and Montreal.

$550,000 invested in Sheridan College pre-apprenticeship programs The provincial government announced more than $550,000 in funding for skilled trades training at Sheridan College on January 31.

I have a holdco… so now what? Accountants and other professionals often advocate incorporating a holding company (holdco). But now what? Establishing a holdco is most commonly used to hold the shares of an operating company (opco) or act as a beneficiary of a family trust (which holds the shares of opco). Retained earnings of the opco can be transferred to the holdco through a tax-free intercompany dividend, in most cases.

IO releases winter market update Infrastructure Ontario has released what it calls a minor update to its P3 pipeline document.