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Our latest thinking on the issues that matter most in business and management.

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Tax Relief Measures – Part 2

The Lazer Grant Tax Team compiled the following information to share the announcements published by the government for businesses and individuals. We are providing this

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Tax Relief Measures – Part 2

The Lazer Grant Tax Team compiled the following information to share the announcements published by the government for businesses and individuals. We are providing this

Read More >

Tax Relief Measures

At Lazer Grant, we are following National Health guidelines and taking extra measures to protect our team, our clients and the public from the spread

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Fast Growing

Congratulations to Tiber River Naturals, the second fastest growing company in Manitoba. Congratulations to Neovation Learning Solutions, the third fastest growing company in Manitoba. Congratulations

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Regain Control of your Debt

Are you facing insolvency? Our Licensed Insolvency Trustees (LITs) are here to make your financial success possible.  It’s very challenging to regain control of debt

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Words of Encouragement

I’ve got a folder in my office of compliments that I’ve received over the years here at work.  Is it okay to admit this?  I

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Good out of Bad

In the movie, Little Miss Sunshine, Frank is speaking to his nephew who is in the throes of teenage angst. Dwayne:     I wish I could

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Counterintuitive

I subscribe to The Heretic. It is authored by Pascal Finette, a member of the Singularity University team. Last week he sent out an email

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Modern-Day Plague

Picture with me, if you will, a church. At the altar, amidst a group of well-dressed young people stands the groom, impatient with anticipation. But

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Staying on Track

My husband retired a short while ago. With less household income and more time on his hands, we wanted to make sure we didn’t keep

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Advice Taken

Counseling is a mandatory part of the insolvency process for the majority of personal insolvency debtors. The sessions are designed to provide financial tracking/management skills,

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Avoiding Bankruptcy

Do you have a friend, partner, associate or acquaintance who is feeling the financial woes or struggling financially?  Trying to make ends meet, unable to

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Qualities of a Great Employer

A great employer begins with a leader – someone who motivates, inspires, influences, directs, teaches and listens.  They’re also knowledgeable, compassionate, trustworthy, approachable, smart, humble

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Tax Season Is Coming

It is February 19th today and the country is in the middle of winter. It’s been very cold here and there have been numerous weather

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PST Problems

Having to self-assess provincial sales tax is a major source of reassessments for PST auditors. Some common situations and cautions: Buying goods or services from

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Advertisements: Buyer Beware

Relaxing in front of the television, perusing social media, or walking around town, we’re bombarded with ads telling us what we need and why.  Ads

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Commitment Model

From 1994 to 2009 two business professors at Stanford University, California, gathered data on start-up technology companies.  James Baron and Michael Hannan hypothesized that it

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Pay It Forward

I consider myself to be very fortunate to have a good job with supportive co-workers, a warm home and a wonderful family to celebrate the

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Happiness

December is here, the last month of the year.  December is a mixed month.  We have Hanukkah – that’s over now.  And we have Christmas

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Know Know Know

Have you ever noticed after you buy a new car how many people have the same kind of car?  Have you ever shared an astonishing

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What is a Consumer Proposal?

November is Financial Literacy Month in Canada.  We thought you might like to know what keeps our Insolvency Team busy at Lazer Grant Inc. In

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Home ownership – not necessarily for everyone

[cs_content][cs_section parallax=”false” style=”margin: 0px;padding: 0px;”][cs_row inner_container=”false” marginless_columns=”false” style=”margin: 0px auto;padding: 0px;”][cs_column fade=”false” fade_animation=”in” fade_animation_offset=”45px” fade_duration=”750″ type=”1/1″ style=”padding: 0px;”][cs_text]As a Licensed Insolvency Trustee (“LIT”) in Winnipeg,

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Key Performance Indicators

To monitor how we’re doing, we track Key Performance Indicators – KPIs.  You should, too. KPIs are the operational and financial measures that will have

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Robocalls

Robocalls are becoming more annoying than spam emails.  There aren’t as many of them, but they can be more intrusive.  The phone rings and arrests

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Securing Retained Earnings

Last week’s article was about securing your shareholders loan. Now let’s focus on securing your retained earnings. The retained earnings, share capital, and shareholders loan

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Secure your Shareholders Loan

Most business owners have significant investments in their companies. Often these investments are represented by shareholders loans. These loans often arose at start up or

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Apprenticeship Tax Credits

Do you employ trades people or co-op students? The federal and provincial governments offer tax credits to encourage businesses to train and hire apprentices. It

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The Ideal Team Player

Business book author Patrick Lencioni recently wrote The Ideal Team Player:  How to Recognize and Cultivate The Three Essential Virtues.  I recommend it to both

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September

September. My favourite month. To me it’s a new beginning. With summer over, school back in session and vacations often done, it’s back to “business”.

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Four Million

Business owners who claim they can’t afford to cater to the disabled population will get an argument from David Lepofsky – he believes they can’t

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The Pendulum Swings

Many, many years ago, when someone went bankrupt, there was no standard requiring the individual to contribute to their bankruptcy from their income.  Then when

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A Pre-Invitation

If you have a friend or relative with a disability or are passionate in that area, keep reading. On June 8th as part of Lazer

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Business is Great!

“Business is great and we’re looking for more.”  My now retired partner, Allan Grant, used to say this often and with a little gleam in

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Commitment

I was talking to Lucie the other day. Lucie is our wonderful Director of First Impressions and she takes care of us. I said “I

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Key Performance Indicators

We told you in February that Lazer Grant is open for business.  To monitor how we’re doing, we track Key Performance Indicators – KPIs.  You

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Budget Recap

The Liberal government’s first budget, Growing the Middle Class, was delivered Tuesday by the Honourable Bill Morneau, Minister of Finance. From a tax perspective, the

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Keeping You on Your Tax Toes

It’s March which means T4s (statements of remuneration paid) and T5s (statements on interest and dividends paid) have all been filed with the government.  If

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A Few Proverbs

My father once told me, “Smart people learn from their experiences.  Really smart people learn from the experiences of others.”  It’s true.  It’s also too

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Open for Business

A short while ago our partner group went on a retreat.  We rented a big house and spent a few days together planning Lazer Grant’s

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The Pre(tend)-Post-Mortem

It is hard to be optimistic about the Canadian economy today.  Reports are negative.  The Canadian dollar is losing value.  Our economy is resource based

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Year End Tax Planning III

Registered Retirement Savings Plan contributions to be deductible for 2015 do not need to be made by December 31, 2015.  They will be deductible for

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Year End Tax Planning II

Shares with unrealized capital losses in your investment portfolio must be sold in order to use the loss.  The shares need to be sold and

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Year End Tax Planning I

A number of items are deductible only if they are actually paid. An example is a charitable donation.  For a donation to be deductible in

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Nicholas Winton

I discovered Nicholas Winton this week.  I had never heard of him before.  In 1939 he saved 669 Czechoslovakian children from certain death under the

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Taking Security

In 1999 we suggested that if you had a shareholder loan to your company, you should secure it with a General Security Agreement (GSA) . 

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I Don’t Know

The wise man knows he doesn’t know. The fool doesn’t know he doesn’t know. – Lao Tzu, author of Tao Te Ching Why is “I

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Playing at Work

At Lazer Grant, we don’t just work.  We play.  We play games to win.  And when we win we get a prize.  We have fun

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Keeping a Confidence

I recall reading in The Ethicist, a column in The New York Times Magazine, about a doctor who had agreed to keep a patient’s confidence

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Being Creative

I have always admired those who can create. The process of starting from nothing and ending up with something is amazing. This admiration comes from

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Too Much of a Good Thing

How would you like your workplace to be?  Would you like to have independence there?  Would you like it to be an environment in which

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Robots

We have a robot.  We call him Sheldon.  His cousins have been on The Big Bang Theory, NCIS: Los Angeles and TED Talks. Sheldon himself

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Stimulating Performance

I was recently reading about incentives and their effect on performance.  The hypothesis:  is there a straight-line relationship between the incentive and performance?  That is,

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CRA Scam

You are sitting at home one evening, relaxing after dinner. It’s been a long day, some of it good, some not so good. The phone

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Well Met – Boaz

I recently heard one of my favourite TEC (an international CEO organization) speakers.  Boaz Rauchwerger talks about many positive things.  Let me share some of

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Getting it Done

I exercise pretty much every day.  I use a treadmill in my bedroom and watch movies a half hour at a time.  I exercise because

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Don’t Pay the Ransom

Ransomware.  The name is self-explanatory.  It can render your computer system unusable.  It gains access to your system and encrypts your files, then requires a

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Overcoming

Lisa McElroy made a mistake.  Lisa is an associate professor of law at an American university. You may have heard of her.  She sent a

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Knowing a Great Team!

You know a great team when you see it.  Everyone is engaged and enthusiastic and is having fun.  Anyone who has seen the Fish! video

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Checklists

Checklists.  When they’re relevant, easy to use, and they make sense, they promote teamwork, make our work easier, and help us not to forget important

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Effective Bonus Plans

In order to be effective, a bonus plan must: be related to the work performed, be consistent with the company goals, be seen as attainable

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Times r a Changin’

You may have heard some discussions regarding the changes in accounting standards, specifically International Financial Reporting Standards (IFRS) and generally accepted accounting principles for private

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An Invitation to Connect

In October 2010 I wrote about Israel and Start-Up Nation, Dan Senor and Saul Singer’s book about the personality of Israel and why Israelis are

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Negotiate Better

Originally published on April 13, 2006 Negotiating is something we all do. We start negotiating as children. All children negotiate bed times, what’s for dinner

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Lessons From a Nation

Start-Up Nation by Dan Senor and Saul Singer is a book about Israel and the culture that has led it to be a nation of

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For Your Consideration

On previous occasions we have discussed donations.  The Income Tax Act allows a tax credit as opposed to a deduction.  This means for donations over

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Being “Norm”al

We function in two sets of norms.  There is the market norm and the social norm.  The market norm is pretty easy to define; it

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Reporting for Results

Partner A few months ago I was discussing Lazer Results with an entrepreneurial business man.  He was interested in more engagement from his team, particularly

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Personal Affairs Checklist

Executive Assistant Life is busy, isn’t it?  Filled with surprises and unexpected events.  It helps to utilize little tips and tricks for being organized during

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Walking the Talk

Personal Bankruptcy Administrator Do you budget, or are you one of those people who think budgeting is only for those who are strapped for cash?

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Tax Planning Tips

An easy item to overlook on the preparation of your 2009 personal income tax return is the Home Renovation Tax Credit.  Garry Chan, our tax

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Mythconceptions

Trustee in Bankruptcy Chances are, if someone’s telling you about their pregnancy or medical experience, it’s about something exceptional that happened. You rarely hear someone say,

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Joy Ride

Partner I recently read How the Mighty Fall and Why Some Companies Never Give In by Jim Collins. He is the author of Good to

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Surviving the Information Age

Information systems are the backbone of today’s business environment. Every business needs to know where they are and how they are doing. Every business has an information

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