Canada Small Business News Round-up – 2009/03/03

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:

  • Tax Changes: There’s something for everyone in this package of business income tax changes for 2008 and every Canadian small business should see some benefit from these tax reductions. Here’s a list of the Canadian federal government’s business tax reductions that may affect your business taxes in 2007 and 2008.
  • Debt Financing Definition: A debt financing definition and how debt financing applies to small businesses.
  • RRSPs: If your Canadian small business is a sole proprietorship or partnership, the best income tax deduction for your small business is the RRSP. Here’s why RRSPs are the best tax deductions and information about RRSP contribution limits.
  • New credit cards come with hefty price for small retailers: Revamped cards are meant to increase consumer security, but also requires new store equipment
  • Ontario Government Blasted For Passing “Anti-Small Business Legislation” Toronto – The Canadian Federation of Independent Business (CFIB) has blasted the Ontario Liberal government for “rushing recklessly” to third reading this morning on WSIB Bill 119.
  • Small business applauds historic step towards long-term prosperity: Regina – The Canadian Federation of Independent Business (CFIB) applauds the Premier’s Fall
  • Business Barometer: National small business optimism near record low: Toronto – Overall expectations among the owners of Canada’s small- and mid-sized enterprises (SMEs) has fallen to a near record low of 86.1 in December, according to findings from the latest survey of business optimism released today by the Canadian Federation of Independent Business (CFIB). Nationally, latest expectations push the December Business Barometer index down from its previous cyclical low of 90.3 in October and early November and further from a high of 101.8 in September.
  • Telegraph: IT potentially more damaging than Red Tape for Home & Small Business: The Telegraph Newspaper has today published an interview with WinWeb’s Founder & CEO Stefan Töpfer, in which it picks up on the fact that spending your time on IT-information technology chores can be just as damaging for small business as red-tape. These activities are often very time consuming and the business owner loses business focus.

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

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