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May 28, 2020
Business Owner Update - Friday March 27, 2020

Business Owner Update - Friday March 27, 2020


Today the Federal Government and Bank of Canada finally...

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Rob Campbell - RE/MAX Real Estate (Central) : Blog : Latest Blog Posts

May 28, 2020
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Here is a new listing that I am happy to post at Rural Rocky View MD, Rural Rocky View County.
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LATEST STORIES For Today's News From Around the Web..

Well.. needless to say it was another rockin evening in Calgary's Pumphill district, as the 11th Annual Red Meat Party surged into the night. Countless friends, colleagues and client's of Kahane Law enjoyed the Studio 54 themed festivities with bell bottom jeans, Afro's of every color and description and the best collection of platform shoes I have seen since watching re-runs of Starsky and Hutch.

The food was once again indescribable, as every type of red meat you can think of was BBQ'd, smoked and otherwise cooked to the guests delight. Smoked prime rib, lamb chops, Montreal smoked meat and Jeff's dad's famous BBQ'd ribs were just a few of the items at the buffet table. The slush machines were workin overtime to keep up with the margarita's, and the ice sculpture with the tube running through it to chill the shooters was VERY cool. The DJ this year was a great addition, and Malla, the dance...

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Business Owner Update - Friday March 27, 2020

Business Owner Update - Friday March 27, 2020


Today the Federal Government and Bank of Canada finally made key announcements to help small businesses:


  • Increased Payroll Subsidies up to 75% - This will be back-dated to March 15.  No link or details yet on the limitations or qualification. I will get them to you as soon as they are posted.  Here is the announcement https://twitter.com/i/broadcasts/1kvKpXdndQmKE
  • Government guaranteed, interest free small business loans up to $40,000 – this is a program where, if you go to your bank to borrow money to get through the next few months, the government of Canada will be the guarantor.   Under some circumstances (no details yet), 25% may become forgivable.
  • Bank of Canada drops Prime Rate to 0.25% - this makes the cost of borrowing as close to “free” as it gets.  This is the time for you to replace as much high-cost debt with new low-cost debt.


In addition, you get a deferral of GST remittances on top of all the other deferral of payment programs announced over the past 10 days.  You’ll have to pay your GST owing eventually, but consider the money is better in your pocket for the time being.


These will help those of you who will be able to find work to keep the doors open and if the Alberta Government doesn’t order a lockdown.  If you need to shut the doors, the cheap loans and payment deferrals will help you to weather the storm and re-open later.  


Let’s address the potential of a lock-down.  Yesterday, the Alberta government admitted it is preparing an essential services list. This is a prerequisite to doing a lockdown.  As I reported to you earlier this week, the Alberta list will be based on the Ontario essential services list, likely with more extensive leniency for the oil and gas sector (re-attached).   This is not something the Alberta Government wants to do, but only if covid19 gets out of control.    That number is much higher than we are now (check my website if you like numbers).  However, politics are politics and we still might see one.  


If the government imposes one, my forecast is that we will need to see case numbers trending up significantly (i.e. additional cases each day are more than the additional cased from the day before) for 2-3 more days in a row and the Canadian Emergency Response Benefits become available so the additional layoffs get paid by the Feds, not the Province (i.e. April 6).  I’ll be keeping watch over these numbers for you. 


For you convenience, here is new link summarizing all the Federal program announcements (not yet updated from today). https://www.canada.ca/en/department-finance/economic-response-plan.html


Let’s do everything we can in our workplaces, with our employees, customers and suppliers to plank this outbreak so we can keep businesses open and everyone working!


Pete Baran                           |       403-973-3531

Chief Business Mechanic  |       Blueneck Consulting Inc.

www.blueneck.ca

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Here Is A New Listing That I Just Posted At 108 8400 Blackfoot TR SW in Calgary


Here is a new listing that I am happy to post at 108 8400 Blackfoot TR SW in Calgary.
Drift Spa is a chic, comfortable Nail and Day Spa located in South Calgary at the Meadows Mile on Blackfoot Trail, surrounded by Calgary’s most exclusive automotive dealerships. It was built with comfort and style in mind, the contemporary touches and colors are very nice. The finishing’s are all top of the line and it shows throughout the space. The space could be redesigned to provide a wider variety of Spa & Esthetics services, including Facials, Hair Removal, Laser treatments etc, and would do well with a solid Hair Styling program as well. There is also a café/coffee bar on site.
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Here Is A New Listing That I Just Posted At Rural Rocky View MD, Rural Rocky View County


Here is a new listing that I am happy to post at Rural Rocky View MD, Rural Rocky View County.
STUNNING ROCKY MOUNTAIN VIEWS. This land has been in the same family since 1936. Not very often does a property of this type come to market. This 90.36ac has one of the most spectacular views of the Rocky Mountains in the area, from the potential building site, you get a 180 degree panoramic view, it is absolutely breathtaking. The attached photo's don't do the view justice, you need to see it in person. We are happy to set up an appointment for you to come out and view this once in a lifetime opportunity to 90ac that is 16km to Calgary and 33 km from downtown.
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