Canada Small Business News Round-up – 29/04/2008

Here is this week’s news round-up for home business, micro business, sole-traders, freelancers, self-employed and any one who is interested in small business news from Canada:

  • Insurance Premiums Tax Eliminated: A Great Day for Small Business: St. John’s – The Premier rose in the House of Assembly on April 22, 2008 to announce the elimination of the 15 per cent Insurance Premiums Tax, retroactive to January 1, 2008.
  • Every Day is Earth Day fro Small Business Owners : St. John’s – According to the Canadian Federation of Independent Business (CFIB), small business owners are ‘‘green’’ and entrepreneurs regard every day as Earth Day – not just April 22.
  • Getting top value when selling your business: The best way for an owner of a small- to medium-sized business to prepare for the day when someone else will either inherit it or buy it is to leave key day-to-day decisions to staff.
  • Young entrepreneurs get help from an angel: Two young entrepreneurs selling suits online made by small-shop tailors in China have sewed up a tidy sum from angel investors to build their overseas operations and handle increasing global sales.
  • Prepare to pay more for loans: OTTAWA — Canadian consumers and businesses eventually will pay more for credit, or find it harder to obtain, because commercial banks have not yet passed on the full increase in their funding costs from the worsening global credit crunch, the head of the Bank of Canada warned Thursday.
  • Fiscal Discipline Missing in Action in Tory Budget: Edmonton – The Canadian Federation of Independent Business gave thumbs down to the 2008/09 Alberta budget which was tabled by Finance and Enterprise Minister Iris Evans today.
  • Energy incentives already paying off: >Ontario’s investment of $400 million in incentives for businesses to improve energy efficiency will pay off, but more needs to be done.
  • Worksafe hands out $4.25 million in penalties: Worksafe B.C. handed out $4.25 million in administrative penalties to businesses and government agencies last year, up from $1.5 million in 2006.

As always this list is not exhaustive, but I hope it will give you a little overview. — ST.

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