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1 month ago | 
mnp.ca | Hussam Malek |Ryan Magee
March 19, 2025
Synopsis
4 Minute Read
Canada’s manufacturing sector is one of the primary targets of U.S. tariffs and is poised to be among the hardest hit if they continue as proposed. In this article, we explore the potential impacts of tariffs on manufacturing businesses and some steps the sector can take to manage increased costs and stay competitive.
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1 month ago | 
mnp.ca | Lisa Gordon |Mary Jo Larson |Steven Kwasny |Michelle Miller
Event
Confidence
Event
Tax Services
Indirect Tax
International Corporate Tax
Tariffs present new challenges for your business. The risk of a 25 percent increase in costs gets the attention, but there are other hidden impacts that you will need to consider. Do your contracts need to be reviewed? Will you need to make changes to your workforce? Are you prepared to scale up your operation if new opportunities arise?
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2 months ago | 
mnp.ca | Steven Kwasny |Lisa Gordon |Mary Jo Larson |Michelle Miller
Insight
Performance
Insight
Private Enterprise
Consulting
Forensics
Find all of our insights related to trade challenges in one place.
Scenario planningSteven Kwasny and Mary Larson discussed the importance of scenario planning in navigating uncertainty. They emphasized that businesses often find themselves in a defensive posture during crises, focusing on survival. "Often in times of crisis or uncertainty… you're in survival mode," Steven said.
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2 months ago | 
mnp.ca | Matt MacDonald
March 13, 2025
Synopsis
11 Minute Read
Shifting trade policies and tariffs are challenging Canada’s food and beverage industry, bringing cost pressures and supply chain obstacles. Businesses face higher prices on ingredients and materials, tighter margins, and changing consumer preferences. However, challenges also create opportunities — adapting pricing strategies, sourcing locally, and leveraging the buy-local movement can help businesses stay resilient.
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Jan 31, 2025 | 
mnp.ca | Mike Cristea
Get a clearer picture of how the U.S. is reviewing trade relations with Canada and actionable steps to navigate your business through the uncertainty.
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Jan 27, 2025 | 
mnp.ca | Kerry Smith
Insight
Progress
Research
Family Office
Remember, succession is a marathon, not a sprint. By taking adequate time to plan, you can secure the future of your business, protect its value, and deliver a seamless transition for everyone involved. Curious how your succession planning stacks up against other business owners? Take our free ExitSMART™ assessment today.
Change is a complex process, but it’s not one you have to go through alone.
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Jan 27, 2025 | 
mnp.ca | Kerry Smith
Have you considered and planned for what would happen in the event of an emergency? It’s common for a significant portion of organizational value to be tied to one or two people. That’s indeed the case for many Canadian businesses. But this begs the question: what happens to that value if a leader were to suffer from something unexpected and they need to step away from the business? It’s bleak. But it may also be reality.
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Jan 27, 2025 | 
mnp.ca | Kerry Smith
Have you clearly defined your objectives for the transition? Here’s the good news: more than four in five respondents have thought about and have rough answers to big issues like timeline, terms, price, and buyer. The bad news: they haven’t translated those thoughts into clear objectives. Fewer than one in 10 have clearly defined objectives for the transition of ownership in the near and long term. Clearly defined objectives are the foundation of any successful succession plan.
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Jan 27, 2025 | 
mnp.ca | Kerry Smith
“Understanding the true value of your business is essential for making informed decisions. And while many business owners have thought about it, few have a formal valuation. Our team is experienced in providing the accurate valuation you need to strengthen negotiations and ensure you know your worth.”– Michael Sileika, National Lead, Valuation ServicesAsk yourself: Do I know the current market value of my business? What factors could impact the value of my business?
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Jan 27, 2025 | 
mnp.ca | Kerry Smith
The future is now — are you ready for it? You’ve spent decades building your business from the ground up. At this point, it’s not only your livelihood — it’s an extension of who you are. Finally, you feel like you’re ready to retire and enjoy the fruits of your labour, but have you thought about what happens next? And as that last day of work inches closer, you can’t help but think, “Am I ready for it?” Here’s the good news: a lot of business owners are just like you.