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:
- Small Business Tax Strategies: Operate a small business in Canada and think you’re paying too much income tax? Reduce your income tax with these eight small business tax strategies.
- Small business accuses VISA MASTERCARD and BANKS of hitting merchants with huge cash grab: Toronto – Major credit card companies and the banks are about to inflict a huge cash grab on merchants throughout this country, warns Catherine Swift, president of the Canadian Federation of Independent Business (CFIB).
- Keeping the business in Canada: With their modern factories and tens of millions of skilled workers, China and India look like bargain alternatives to manufacturing here. For example, garment workers in those countries earn between 50 cents and $1.10 an hour. But the massive gap in costs is gradually closing. “In the short term, [offshore] costs may seem to be lower, but you really have to look at the long-term view,” says Mario Fallico, a Toronto-based partner at Deloitte & Touche who leads the firm’s GTA Private Company Services Manufacturing team. “When you’re dealing with setting up equipment and plants, the horizon is a lot longer. What may seem cheaper today is going to be a lot more expensive in the future.”
- Certainty and opportunity for small business: Prime Minister Stephen Harper today announced new measures to increase certainty and opportunity for Canadian small businesses.
- Seminar offers employment help for small business: The Small Business Club of Niagara is offering a seminar designed to help owners understand their responsibilities under the Employment Standards Act.
As always this list is not exhaustive, but I hope it will give you a little overview. — ST.