Small Business


Starting and running a small business requires a very broad skill set and nerves of steel. Online presence literally opens a portal where business has become boundless almost surpassing geographical limits. Try to be creative in the process of setting up your business and think up ideas that could potentially make your business stand out from the rest. Forget your credit score and get out there and get the business – show these lenders that your business can and has the potential to be something special and then use that potential to get the financing you need.

After all, there are all sorts of unfair tax rules and abuses, including large corporations shifting income overseas to avoid Canadian taxes, the ability to deduct and split the fat pensions of government employees and even the ability for some to set up fake private companies to benefit from small business tax provisions. Keep in mind that business owners have to pay twice what employees do into the CPP each year.

One can also write their own contracts without using an attorney or prepare their own tax return without using a CPA, but it isn’t necessarily the smartest thing to do. Especially when talking about the sale of a business which is probably one of the largest if not the largest asset a person owns. Depending on the answers he receives and what kind of business is involved, the producer might skip some of the questions and ask others. That’s why putting service at the heart of your growing business is so important.

Unfortunately, the entities that provide these small business grants are very limited, no matter how much they are sought after by people, a fact just as true with scholarships. Follow those results and for the most part you will only end up poorer (paying those companies or individuals a fee) and still not getting the business loan you want or need. Companies with fewer than 100 employees working 25 or more hours per week can apply for federal grants to help create a new wellness program. Enjoy members-only discounts and get your business into every home and apartment in a neighbourhood – or the entire country.

The new unfair contract term protections will apply to standard form small business contracts entered into, or renewed, on or after 12 November 2016, where the up-front price payable under the contract does not exceed $300,000 – or $1 million if the contract is for more than 12 months. If you are a frustrated small business owner and feel trapped, you may be looking for a new enterprise that will not be so strenuous – a way to create a stable income that still leaves you time for yourself and your family.