Vistance in the Press

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Why Capital Gains Tax Changes Could Deter New Businesses

Daryl Ching is the special guest on THE CLOSE on BNN BLOOMBERG TV, to provide his insight on the changes to capital gains tax and how it could impact new businesses starting up.

Impact of Prorogation on People and Businesses

With the big news of Justin Trudeau stepping down, and Parliament shutting down until March 24, how will that affect individuals and businesses? BNN Bloomberg TV needed some answers, and they invited Daryl Ching as a guest on THE CLOSE to provide his insight on the situation.

Prorogation Has Further Muddled the Capital-Gains Tax Hike. Ottawa Must Pause it

With Justin Trudeau announcing his resignation, and Parliament shutting down until March 24, what does this mean for small businesses, heading into tax season? Daryl Ching wrote an opinion piece for the Globe and Mail about the effects of Prorogation.

GST Holiday to Create Headaches for Business

Daryl Ching was a guest on THE CLOSE on BNN Bloomberg TV, where he's interviewed by Andrew Bell, to provide his insights on the GST Holiday and painted a picture of the impact it is likely to have on businesses across Canada.

One Small Holiday for GST. One Big Headache for Businesses

Daryl Ching of Vistance Capital shares his opinion with the The Globe and Mail about Justin Trudeau's half baked idea on the temporary two month GST/HST holiday ahead of the holiday season. It is likely the federal government did not consult businesses on this policy as turning off sales tax is not as easy as flicking a switch, especially if they have multiple product lines. Companies will be spending the next month figuring out how to implement this policy rather than focusing on their core business, and some may decide not to participate at all.

What Does the Bank of Canada’s Rate Cut Mean for Small Businesses?

Vistance shared its insights with Daniel Johnson at BNN Bloomberg on what the Bank of Canada's recent 50 bps rate cut means for small businesses. The rate has decreased by 1.25% from its peak bringing down the cost of borrowing to more viable levels for small businesses, hopefully a trend that will continue to pre-COVID levels. In other great news, the Liberal government is setting aside $2.4 billion in its upcoming budget to build capacity in artificial intelligence, Prime Minister Justin Trudeau announced. $300 million will be earmarked for small businesses looking to adopt AI. We will be keeping a close eye on this and advising our clients as soon as more information comes out.

Ottawa Has Softened Its Capital-Gains Tax Hike. But It’s Still Not Enough

Vistance Capital has provided its insights to the The Globe and Mail through this commentary piece. Due to the backlash the federal government received from their capital gains announcement back in April, Freeland has announced in an increase in the lifetime capital gains exemption from $1MM to $1.25MM, and raised the 33% inclusion rate limit to $2MM by 2029. While this is a step in the right direction, this does not go far enough and the new rules remain a deterrent for new entrepreneurs to set up in Canada and a deterrent for existing business owners to stay in the country.

BNN Bloomberg – The Close: Healthy Debt Market Crucial For Small Businesses: Ching

Daryl Ching of Vistance Capital made a TV appearance on BNN Bloomberg - THE CLOSE, where he sat down with Andrew Bell to discuss the impact of Bank of Canada's rate cut on small businesses.

The Case For Pre-COVID Interest Rates

Daryl Ching of Vistance Capital is interviewed by David Kitai, to explain why he sees Canadian small businesses struggling, and outlines what advisors can do to help. He wants the Bank of Canada’s policy interest rate back below two per cent. Ching outlined why he thinks rates need to be cut far deeper than the Bank of Canada appears to be planning to. Daryl explains how small business owners are currently coping with the high cost of debt, and what those strategies have meant for their business.

The Government Wants Your Money: Changes to the Capital Gains Tax Will Affect Nearly Every Canadian Business Owner

According to a recent survey by the Canadian Federation of Independent Business (CFIB), 72 per cent of small business owners say the changes to capital gains taxation will harm Canada’s climate for investment and growth. This article highlights the negative consequences for small business owners. Daryl Ching is interviewed where he discusses the effects on businesses as a result of the taxation, his advice to business owners in dealing with the taxation, and his message to the federal government about the proposal.

How Alberta Business Owners Can Get Help Navigating the Damage and Interruption Caused By Wildfires

Our hearts go out to all the business owners in Alberta that have suffered through wildfire damage. Vistance did an interview with Estella Ren from the The Globe and Mail to offer our best advice to those businesses that have had to halt operations, drawing on our experience from helping companies temporarily shut down during COVID. We hope nobody gets injured and wish for a speedy recovery for Jasper and other regions affected.

Facing High Interest Rates, Small Businesses Are Selling Ownership Stakes to Get By

Vistance contributes an opinion piece with the The Globe and Mail on how the current high interest rate environment has driven businesses to raise equity, often to the detriment of companies where selling shares to investors was not the ideal strategy.

How will the Bank of Canada’s rate cut impact small businesses?

The Bank of Canada cut its key policy rate by 25 basis points to 4.5 per cent, a move that was expected by markets and most economists in a Bloomberg Survey. The announcement to lower borrowing costs followed a previous 25 basis point interest rate cut a month earlier. Daryl Ching shares its insight with Daniel Johnson at BNN Bloomberg on how the Bank of Canada's interest rate cut policy will impact small businesses.

Why there are likely more business failures than insolvency numbers suggest

Daryl Ching shares his insights with Chris Hannay at the The Globe and Mail on a very important article about small business closures in Canada. While the government may use business insolvencies as a benchmark for business failures, it underscores the true picture as small business owners are more likely to just dissolve their business, sell for pennies on the dollar or file for personal bankruptcy.

Entrepreneur TV – Daryl Ching, CFA

Daryl Ching was the special guest on Entrepreneur TV with Lucy Jeffrey, where they discussed Daryl's business origin story, important accounting tips for entrepreneurs, and how Vistance levels the playing field for small businesses.

Here are the relief programs now available for entrepreneurs and small and mid-sized business owners

The key programs are wage subsidy and rent relief, says one expert

‘It feels like we are being punished’: Companies not yet profitable struggling to access coronavirus-related government loans

Businesses that were in a rapid growth phase prior to the pandemic, but not yet profitable, aren't meeting BDC's criteria for financing

Desperate for revenue, some small businesses say 75% wage subsidy won’t help them stay afloat

Subsidy may not make much of a difference for many small businesses, because their costs aren't just wages, but include things like rent

Op-Ed: Cap gains inclusion increase means a sad day for Canadian SMEs

The announced plans in the budget will have many Canadians paying double what their American counterparts pay in cap gains

‘I LIVE A DREAM IN A NIGHTMARE WORLD’ SERIES

Advisory Artificial intelligence has dominated the news with pundits suggesting that this could be biggest game changer in business since the invention of the internet.
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