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Three tips to keep your business insurance effective
Three tips to keep your business insurance effective It’s a well-known adage that the worst time to review your insurance policy is when you need it. Here are three tips to make sure your coverage – and your premiums – perform the best for you now, during and after an event. Tip #1: Review your existing insurance policy The biggest step you can take to reduce your losses and get back to business after an interruption is to have an up-to-date insurance policy. It is important to get help analyzing your coverage for specific loss scenarios, review limits and co-insurance...
CCA Stampede Postponement
To our CCA members, Since July and the lifting of restrictions many of us got a welcome taste of the life, activities and connections that we had all been missing since COVID lockdowns began and none were happier to be able to take these steps back into life as we knew it, than all of us all here at CCA. We always knew that in planning events once again there was a chance that circumstances would change but our belief was that we needed to make attempts to move forward, albeit carefully and as we feared, this has...
High-impact ways to boost efficiency in your business
via BDC What is operational efficiency? Businesses in any industry can take surprisingly simple steps to reduce waste and make customers and employees happier, all while improving profits Imagine everything runs smoothly in your business. Your products and services are always top quality and on time. Your customers love you, and your employees are motivated and engaged. Sounds amazing, right? Such a utopia is within reach with the help of operational efficiency. What is operational efficiency? Operating efficiently means using resources like time, people, equipment, inventory and money in an optimized way to serve the business. Efficient companies are leaner,...
How to use lean manufacturing to make your business more productive
via BDC Follow these three steps to drive long-term success by eliminating waste in your business It’s a common problem; your business is bringing in plenty of cash and revenues are growing, but you are struggling to make a decent profit. Why? And what steps can you take to turn things around? One probable answer is to tackle the “waste” and inefficiency that is lurking in your business and acting as a brake on your ability to generate profits. A leaner operation can lower costs, increase output, help eliminate quality problems, reduce space requirements and cut time to market. It can also...
Canadian Entrepreneur Mental Health and Well-Being Report: May 2021
Via BDC How has the COVID-19 pandemic affected the mental health of Canadian entrepreneurs? To find out, BDC surveyed 500 entrepreneurs between August 2020 and March 2021 to better understand their ability to cope with the crisis as well as their largest source of stress and worries. As COVID cases rise and fall, so do the mental health and mindset of entrepreneurs. Compared to last November, more entrepreneurs in March have reported feeling in control of their situation (70% compared to 57%). Unfortunately, members of certain entrepreneur groups, including women, visible minorities, young entrepreneurs, and those who have only partially or have not resumed business were more likely...
COVID-19 Construction Industry Town Hall
On May 20th CCA, along with Alberta Concrete and Dr. Jia Hu, public health doctor and Co-Founder of the 19ToZero coalition hosted a very successful Town Hall. The goals of the Town Hall were to: -Provide up-to-date information on public health guidelines, mandates, & recommendations -Answer questions about COVID-19, including the vaccine and vaccine roll-out -Discuss the role of the local Primary Care Network in the COVID-19 response -Address community needs, available supports and follow-up plan RESOURCES Briefing Note- Workplace Vaccine Considerations Common Questions How to Talk to People about Vaccines Vaccine April 2021 Update COVID-19 Vaccine Decision Making Tool Fasken Legal...
Tax measures included in the 2021 Budget
On April 19, 2021, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, delivered the 2021 Federal Budget: A Recovery Plan for Jobs, Growth, and Resilience – the first Federal Budget since 2019. There were a significant number of tax measures included in the 2021 Budget, with four items particularly relevant for businesses in Canada’s real estate and construction industry. Immediate Deduction Budget 2021 proposes to provide immediate deductions in respect of certain “eligible property” acquired by a Canadian-Controlled Private Corporation (CCPC). This immediate deduction will be available for eligible property acquired on or after April 19, 2021 and...
Upcoming Changes to the Builders’ Lien Act
Upcoming Changes to the Builders’ Lien Act The current Builders’ Lien Act (the “Act”) is getting an upgrade this year and there are some key changes that you should be aware of: The lien period is changing from 45 days to 60 days for the construction industry and from 45 days to 90 days for contracts primarily related to the supply of work and services in relation to concrete; Statutory holdback on large multiyear projects will be released on an annual or phased basis which will allow for funds to flow to the contractors and subcontractors and restrict the...
Scholarship deadline has been extended!
The CCA Education Fund and WIC Scholarship deadline has been extended to April 6th, 2021! Find the applications here! Where are they now? We have followed up with past WIC scholarship recipients to find out where they are in their career! The Women in Construction scholarship gave me the financial support I required to further my studies in Construction Management and the confidence I needed in order to become a valuable member in this industry as a woman. Since receiving the scholarship I have continued with my studies at the university of Calgary, and I have taken on a bigger role...
What to look for when hiring subcontractors
Has your business recently grown, or do you have a project that needs specialization? It might be time to hire a subcontractor. While hiring a subcontractor can greatly help your construction business, you also need to take some precautionary measures as subcontracting can introduce significant liability exposure to your business. If the work is not done properly and a loss occurs, you and your insurer may have to pay for the loss. That’s why, for the health and safety of your business, you should look out for a few key things. Always request a certificate of insurance A certificate of...