12 days of tax tips: EY’s annual guide to year-end savings Toronto, 5 December 2013 It’s that time of year again when Canadians should be making a list of year-end tax considerations and checking it twice, while they still have time. During the hectic month of December, EY’s annual end-of-year tax tips can help Canadians save for their 2013 tax bill. And remember: what made sense last year may change as personal circumstances change.
Growth is the top strategic priority for 67% of hedge funds this year: EY survey Toronto, 5 December 2013 As the hedge fund industry matures, most managers are increasingly focused on growth, according to EY’s seventh annual survey of the global hedge fund market. However, the survey shows that while managers want to grow through new products and distribution channels, investors aren’t necessarily planning to increase their investments.
Canadian companies focused on cost efficiency to fuel growth investment: CFERF survey Toronto, 22 November 2013 Canadian companies may be more optimistic about access to credit, but they’re keeping a tight hold on costs ahead of investing for growth. In fact, 60% of companies expect cost reduction and process efficiency to be the most important areas of focus when it comes to business improvement over the next two years, according to a new Canadian Financial Executives Research Foundation (CFERF) study, sponsored by EY.
Security incidents up for 51% of Canadian businesses: EY survey Toronto, 19 November 2013 While Canadian organizations say they’re focused on fending off cyber risks, more than half of those surveyed report an increase in security incidents over the last 12 months, EY finds in a new survey. That’s a 29% spike over the 2012 results.
Two Canadians win spots in EY’s prestigious 2013 Entrepreneurial Winning Women™ program Toronto, 15 November 2013 Today, EY announced Canadians Kelsey Ramsden, President, Belvedere Place Development Ltd. and Corin Mullins, CEO, Holy Crap Cereal will be part of its 2013 class of Entrepreneurial Winning Women. The North American competition and executive leadership program identifies a select group of high-potential women entrepreneurs whose businesses show real potential to scale — and then helps them do it. This is the first year the program has included women from Canada.
Canada among top 5 real estate destinations globally: EY survey Toronto, 29 August 2013 Eighty-five percent of real estate industry executives say the global economy is improving or stable, and Canada is poised to benefit from that optimistic outlook, according to EY's Global Capital Confidence Barometer: Real Estate, Hospitality and Construction.
Canadian back-to-school spending to grow 4%, highest since 2008 Montreal, 31 July 2013 With a relatively robust economy, more shopping choices, improved consumer confidence and momentum from the tail end of the spring season, 2013 back-to-school spending in Canada is set to climb 4% over last year, the highest growth level expected since the financial crisis, according to EY.
EY publishes new book to help mining companies navigate tax in Canada Toronto, 25 July 2013 Ernst & Young’s Guide to the Taxation of Mining Operations is an easy-to-use reference guide designed to assist Canadian mining businesses in interpreting and applying the rules under the federal Income Tax Act, as well as under provincial mining tax legislation in certain provinces. The book is available now.
EY closes deal to create one of the largest SR&ED practices in Canada Toronto, 5 July 2013 EY officially welcomed boutique firm SRED Automation into its family today, broadening the firm’s entrepreneurial and western Canada footprints while simultaneously creating one of Canada’s largest dedicated Scientific Research & Experimental Development (SR&ED) practices.
Mark Weinberger becomes EY Global Chairman and CEO Toronto, 3 July 2013 EY announced this week that Mark Weinberger has become Global Chairman and CEO. The professional services organization also announced the adoption of EY as its global brand name, unveiled a new logo and adopted Building a better working world as its purpose.
Capital dilemmas top risk facing mining and metals companies in 2013–14 Toronto, 13 June 2013 Capital allocation and access to capital have rocketed to the top of the business risk list for mining and metals companies globally, up from number eight in 2012, in Ernst & Young’s annual Business risks facing mining and metals 2013–14 report, released today.
EY’s acquisition puts SR&ED practice among largest in Canada Toronto, 11 June 2013 EY is growing its dedicated Scientific Research and Experimental Development (SR&ED) team to one of the largest in the country, by today signing a letter of intent to integrate boutique firm SRED Automation into the EY family.
Canadian biotechs resilient – but financing flat at $US733m for 2012 Toronto, 23 May 2013 Despite powerful science and great talent, financing for Canadian biotechs was flat in 2012. That means companies must boost their focus on efficiency and results if they hope to attract new investment, according to results from EY’s 27th annual biotech industry report.
56% of Canadian executives believe economy is improving, up from 29% in October Toronto, 8 May 2013 Optimism in the Canadian economy has spiked significantly over the last six months, according to EY’s latest Capital Confidence Barometer. Fifty-six percent of Canadian executives believe the country’s economy is improving, up from only 29% in October, with access to capital, employment growth and corporate earnings all showing positive gains.
Ten last-minute tax tips to help you save time — and money Toronto, 22 April 2013 With the 2012 personal income tax return filing deadline fast approaching, here are some practical suggestions from EY’s latest Tax Matters@EY. Some will save you time and — best of all — some may even save you money.
What talent? Long-term workforce strategy needed to stay competitive Toronto, 10 April 2013 Most companies know the kind of talent they need to support their bottom line, such as people with a global mindset, but few have the strategies in place to get the skills they need in the long-term, says EY — named today as an eight-time Great Place to Work® award winner in Canada.
Canadian P&C insurers must heed customer preferences to grow Toronto, 4 April 2013 From new product development and marketing to distribution, Canadian property and casualty (P&C) insurers that harness the vast volume of data available to them to gain insight into customer preferences and behaviour will be better positioned for growth, says Ernst & Young.
43% of Canadian business community rate Federal budget a “B” or higher Toronto, 27 March 2013 While 43% of Canadian business people surveyed rated last week’s Federal budget a “B” or higher overall, respondents were generally split down the middle on the specific measures it entailed, EY finds. That said, 57% ranked this year’s budget a “C” or worse.
EY breaks down the federal budget Toronto, 15 March 2013 The federal government continues its mission to balance the budget by 2015. With promises to close remaining tax loopholes and maintain its focus on jobs, growth and long-term prosperity – all while not increasing taxes – what will be the impact on Canadian businesses and taxpayers?
Canadian life insurers in better shape than their US counterparts Toronto, 14 March 2013 Canadian life insurers enjoy a relatively good position compared to their US counterparts, says EY. But companies need to creatively adjust their products, business strategies and services for growth in a competitive market characterized by lower margins and changing demographics.
Canadian mining deal value and volume down 37%, 19% in 2012 Vancouver, 21 February 2013 Canadian mining deal value and volume fell 37% and 19%, respectively, year over year in 2012, but activity is set to pick up in the year ahead, according to EY’s new report Mergers, acquisitions and capital raising in mining and metals: 2012 trends, 2013 outlook.
Only 53% of companies plan to focus on improving working capital in 2013 Toronto, 20 February 2013 While 80% of Canada’s financial executives remain focused on increasing operational efficiency and reducing costs this year, only 53% are looking at ways to improve working capital. That could be a missed opportunity, according to a new Canadian Financial Executives Research Foundation (CFERF) study sponsored by EY.
Differences wanted: EY hails diversity as critical to global success Toronto, 19 February 2013 As businesses seek growth — locally and worldwide — they must shore up their workforces with the diverse perspectives they need to challenge outdated ideas, and adapt to thrive in new environments, says EY, just named one of Canada’s 2013 Best Diversity Employers.
Acquisition pricing more challenging than ever for Canadian power and utilities Toronto, 6 February 2013 Canadian power and utilities companies are showing an appetite to grow and diversify through acquisitions in 2013, according to a new EY report. However, with changing regulatory structures in different jurisdictions, companies are facing increased uncertainty when it comes to pricing the deals.
EY and Plan Canada join forces to provide disaster relief and recovery Toronto, 9 January 2013 Responding effectively to natural disasters and emergencies is critical to the success of relief efforts, EY and Plan Canada said today when announcing a new agreement. To support Plan Canada’s disaster relief and recovery work, EY is donating $150,000 over three years to their cause.