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Thursday February 15, 2018

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COLUMNS

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U.S. Taxes - Part 5

Tax Reform Becomes Reality: What Does It Really Mean For Canadians?

Part 5

On December 22, 2017 President Trump signed into law, the biggest US tax law change in over 30 years. This 6 part series has been highlighting the top twelve things that Canadians need to know about US tax reform.

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Your Workplace

The surprising ingredient that makes businesses work better

What is it about unfairness? Whether it's not being invited to a friend's wedding or getting penalized for bad luck or an honest mistake, unfairness often makes us so upset that we can't think straight. And it's not just a personal issue -- it's also bad for business, says Marco Alverà. He explains how his company works to create a culture of fairness -- and how tapping into our innate sense of what's right and wrong makes for happier employees and better results.

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Trade Differences

"Progressive" trade agenda leads to regressive results

Canada wants to include social and environmental standards in trade deals. Countries like China aren't interested in anything but economic advancement - By Lee Harding

If Brett Wilson were still taking business pitches on Dragons' Den, he would never partner with Canada's trade negotiators. During a recent television interview, he openly wondered whether the negotiators were "delusional, naïve or stupid."

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Canada & Business

Upcoming government budgets must focus on competitiveness

Canadian governments have done nothing to signal to investors, entrepreneurs and businesses that they have a plan to return the country to competitiveness - By Jason Clemens and Niels Veldhuis

Canada has become a less appealing place to do business. So as we approach budget season, governments across the country must start paying attention to competitiveness. Higher taxes, new regulations, and uncertainty over access to foreign markets have reduced Canada's attractiveness to entrepreneurs and businesses. Indeed, Prime Minister Justin Trudeau in a recent speech at Davos said his government would not respond to Canada's sudden lack of business tax competitiveness due to U.S. President Donald Trump's tax cuts.


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Cyber Risk

Insurance for Cybersecurity Incidents and Privacy Breaches

Employees and other insiders are a major security risk. A cybersecurity incident or privacy breach caused or facilitated by an organization’s insiders can result in significant losses and liabilities. Insurance can be an effective way to help manage insider risk. An organization should obtain appropriate professional advice when making important decisions about privacy and cyber insurance. - by Bradley J. Freedman

Studies consistently indicate that a significant portion of privacy breaches and other cybersecurity incidents are caused or facilitated by a current or former insider (e.g. an employee or contract worker) of the affected organization or its business partners. An organization’s insiders present significant risk because they have authorized access to the organization’s information technology systems, special knowledge of the organization’s valuable data and security practices and a greater window of opportunity for misconduct. Insiders can cause or facilitate a cybersecurity incident or privacy breach inadvertently – due to carelessness or manipulation by other persons – or deliberately for various motives.

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Home Health

How to Eradicate The Flu Virus From Your Home

by Jason Tetro

Homes are germy places. Microbes come from a variety of sources such as ventilation systems, plants, the outdoor environment and our own microbial cloud. Usually, they pose no threat to our health and you need not worry.






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MONITOR

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Agri-Food

Ontario Invests $713 Million in OMAFRA-U of G Agreement

The provincial government will invest up to $713 million toward a unique agreement between the University of Guelph and the Ontario Ministry of Agriculture, Food and Rural Affairs (OMAFRA) to further discovery and innovation and position Canada as a world leader in agri-food.

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Good Year

Equitable Life of Canada posts record financial results for 2017

Waterloo - Equitable Life had an outstanding year in 2017, surpassing previous records on almost all financial fronts. Most notably, the Company realized record earnings of $106 million, an increase of 33% over last year's net income of $80 million, resulting in a return on policyholders' equity of 16.8%. These excellent results were driven by business growth, investment gains and positive claims experience.

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Energy

“Polluter Pay” principle at stake as Supreme Court hears Redwater Appeal

On February 15, 2018 the Supreme Court of Canada will hear the case, Orphan Well Association, et al. v. Grant Thornton Limited, et al., also known as the Redwater Appeal. The case involves the bankruptcy trustee of an oil company, Redwater Energy Corp. that disclaimed Redwater’s old, non-producing and orphan wells as a way to increase the returns to creditors by avoiding liability for the costs of abandonment. Abandonment involves properly sealing the wells and remediating the land where they are situated.

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Expansion

Arvato Expands North American Presence with New Location in Waterloo

New site underscores continued growth to support business operations in North America

Arvato, a leading international customer service provider, announced it has opened a location in Waterloo, Canada. The 500-seat site will strengthen Arvato’s operations and create a hub to support new business in the region. The new facility is located in the Waterloo Innovation Park, formerly used by Blackberry, Dejero and Aeryan Labs Inc.

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2018 Budget

Federal Budget 2018 — What’s Up?

Finance Minister Bill Morneau will deliver the Liberal government’s 2018 federal budget on Tuesday, February 27, 2018. Although the government usually remains tight-lipped about the contents of the budget until it’s released, there are indications about some of the measures that could be included.

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Leadership & AI

Rapidly Advancing Technology Requires a Fundamental Shift in Leadership

Adopting artificial intelligence for growth and positive social impact means forming new partnerships with customers and business partners

Rapid advances in artificial intelligence (AI) and other technologies are accelerating the creation of intelligent enterprises and enabling companies to integrate themselves into people's lives, according to Accenture Technology Vision 2018, the annual technology report that predicts key technology trends likely to disrupt business over the next three years. However, capitalizing on growth opportunities while also having a positive impact on society requires a new era of leadership that prioritizes trust and greater responsibility.






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RESEARCH

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R&D

Researchers find tattoos are linked to impulsivity

Got ink? Whether you have a ring tattoo, full sleeve or nothing at all, it may be an indication of how you think about the future, according to two Wilfrid Laurier University professors. Economics professor Bradley Ruffle (right) and psychology professor Anne Wilson (left) conducted a study that concludes people with tattoos, particularly ones that can’t easily be covered up, are more impulsive and short-sighted than people without.


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Policy

Laurier economics students win Bank of Canada’s Governor’s Challenge



Waterloo – A team of students from Wilfrid Laurier University’s Lazaridis School of Business and Economics won the Bank of Canada’s third annual Governor’s Challenge, a national competition in which students take on the role of policy advisors who recommend what the Bank’s key interest rate should be.





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WATERCOOLER

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High Speed Rail

Ontario Appoints Chair to Drive High-Speed Rail Project Forward

Collenette Charged to Cut Travel Times for Commuters and Families along the Southern Ontario Corridor

Ontario has appointed the Honourable David Collenette (right) to lead Ontario’s High-Speed Rail (HSR) Planning Advisory Board—continuing progress to bring high-speed rail service to the province and cut travel times between Toronto and Windsor.

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Advocacy

Guelph Chamber to Guelph City Council: Now is the Time for Action on the Baker Street Development

Guelph - After careful consideration of the recently released KPMG Business Case, the Guelph Chamber of Commerce is urging Council to take action on the Baker Street Development Project. As a crucial economic project for the community, the Chamber of Commerce fully supports the recommendation to make a capital budget commitment at tonight’s special meeting where this will be discussed.

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Aquisition

OpenText Acquires Hightail

Creative Collaboration and File Sharing Solutions to Enhance Content Services

Waterloo – OpenText nnounced that it has acquired Hightail, Inc. (“Hightail”), formerly known as YouSendIt, a leading cloud service for file sharing and creative collaboration with approximately 5.5 million customers globally spanning enterprise accounts, paid subscribers, and individual consumers.

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Financial Gift

Guelph-Wellington Women in Crisis receives financial boost from JL’s Home Hardware

Guelph – Guelph-Wellington Women in Crisis (GWWIC) was excited to receive a big cheque from JL’s Home Hardware Building Centre. The donation of $7,190.00 was presented to Sly Castaldi, Executive Director – GWWIC. The cheque presentation took place at JL’s Home Hardware flagship location, 575 Wellington Street West.




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EVENTS

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February 15, 2018

Preventing Substance Use Amongst Youth

Kitchener – Members of the media are invited to attend an event about a prevention initiative that has dramatically reduced the use of substances among youth. On February 15, Dr. Alfgeir Kristjansson, a key architect of Iceland’s success, will present highlights of the approach.

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February 23, 2018 - Lunch

Mental Health in the Workplace

Don't miss this amazing seminar where Robin will focus on "Workplace Management". She will provide points on how to identify mental health issues in the workplace, tools to deal with these issues and ways to introduce best practices to avoid any negative consequences.

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February 27, 2018

St. Mary’s community Heart Month event!


The Beat Goes On: Ensuring Equitable and Seamless Cardiac Care Across Waterloo Wellington

Learn how cardiac services will be expanded at St. Mary’s and beyond; Get an update on advanced heart rhythm services coming next year•; Hear how St. Mary’s is among top Canadian cardiac centres for patient outcomes.

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February 25-27

New Conference Empowers Emerging Arts & Culture Professionals

Sessions lead by thought leaders across the country

Waterloo Region - The first Alternative Conference for Emerging Arts & Culture Professionals (#AltCon2018) will be held at THEMUSEUM February 25-27, 2018. It was created by 10 emerging professionals from across Canada and aims to provide stimulating thought leadership, personal growth opportunities and the chance to network with industry leaders.

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March 4, 2018

CALL FOR NOMINATIONS for the 13th Annual Volunteer Impact Awards 2018

Nomination Deadline: Sunday, March 4, 2018

Nominations are now been accepted to recognize an individual, youth, neighbour, organization, program partner or group in one of the 11 separate award categories. As part of National Volunteer Week, The Volunteer Action Centre honours contributions of extraordinary individuals, organizations, and businesses who are making a difference in Waterloo Region. An online nomination form is available on www.volunteerkw.ca

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April 24, 2018

St. Mary’s She Shares: David Chilton

Please join the 3rd annual St. Mary's She Shares speaker event!

This year's networking breakfast session will be partnered with the witty and engaging musings of local treasure, David Chilton - former “Dragon” on CBC TV’s Dragons’ Den and Bestselling Author of The Wealthy Barber.

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Thursdays After Hours

Night(s) At THEMUSEUM

Unique Experience Starts… When The Doors Close

MAD (Museum After Dark) is for those looking for something a little different; something that kicks off as night falls and has the exclusivity of an after-hours soiree. Step out of your comfort zone for a truly INTEResting experience this New Year. THEMUSEUM’S multi-model art exhibition INTERACTION features drop-in programming geared toward the Region’s young professionals. And by young professionals, we mean those who are 19+ as INTERmix will have you slinging drinks faster than Tom Cruise in Cocktail.



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Copyright, 2018