Jerry Paskowitz, partner at Morison KSi member firm Sloan Partners, says 2018 is likely to be a good year for business owners to invest in productivity improvements, although he accepts that uncertainty around interest rates movements is a concern.
“In January, the Bank of Canada increased the rate from 1% to 1.25%, which was the third increase since last summer,” he explains. “In the accompanying commentary, the bank signalled further rate increases without specifying timing.”
According to Watson, the provincial nature of Canada can be unhelpful because it can pit provinces against each other in the quest for economic or political advantage.
“This can be further compounded by the overlay of the federal government, which makes decision-making cumbersome and occasionally contradictory and definitely adds to the cost and burden of implementing major strategies,” he concludes.
Read the full article titled USA & CANADA: OPPORTUNITIES IN THE WAKE OF TAX REFORM published on INTERNATIONAL ACCOUNTING BULLETIN.