Three in four small business owners plan to exit their companies in the next decade
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More than three-quarters of small- and medium-sized business owners plan to exit
Tsunami of small business owners planning to exit, putting $2 trillion on the line
New details of credit card fee reductions reveal a big win for small businesses
TORONTO, May 18, 2023 /CNW/ – Coming reductions in credit card processing fees will be a big win for small businesses, says the Canadian Federation of Independent Business (CFIB).
Today, Deputy Prime Minister Christia Freeland unveiled important details from the federal government’s agreement with Visa and Mastercard to lower credit card fees at a CFIB member bookstore in Brampton, Ont. CFIB president Dan Kelly was present at the announcement along with other small business owners.
From left to right: CFIB President Dan Kelly, Deputy Prime Minister Chrystia Freeland, Member of Parliament for Brampton South, Sonia Sidhu and Minister
Just Talk to Me – PHE America
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People with physical disabilities hold limited positions as scholars, teachers, or leaders in physical education, recreation, and sports. Perhaps the reason is that the field is flooded with able-bodied people who think they know best. But do they? Michael Oliver, imminent writer, and scholar argued that people with physical disabilities should be the only ones in the field of disability studies because they have a bodily experience with disabilities. The following five-part article series shares the perspective of a scholar in the field of sports disability who has his own physical limitations. In each article, he
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Ottawa unveils lower credit-card fees for small businesses, but some industries say measures fall short
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People walking past local stores on Yonge street in Toronto. Under new rules announced by the federal government, businesses that receive less than $300,000 in annual revenue through Visa credit cards and less than $175,000 in annual revenue from Mastercard customers will qualify for credit card fee reductions.Ammar Bowaihl/The Globe and Mail
The federal government announced the details of a long-promised reduction in the credit-card transaction fees that small businesses pay, but only the tiniest businesses will likely see any benefit.
The Liberals have promised since the 2019 election to force credit-card companies and
Readers are Leaders – PHE America
I am not sure where I first heard the phrase “readers are leaders” but it is something that has stuck with me throughout my entire life. I am now in my second year of retirement from teaching and coaching after 37 years of doing both. As I have thought about what to do in my retirement, one thing that keeps coming back into my mind is the need to read some great books. I have always believed that reading can help you become the best version of yourself for others. When you are busy with coaching and teaching, like I
Transform Your Small Business Finances With These Easy Tips
Transform Your Small Business Finances With These Easy Tips
Small business management can be a challenging task, especially when it comes to maintaining a healthy profit line. One of the most critical aspects of small business management is managing finances, and if you’ve been sweeping that task under the rug, consider this your wake-up call.
Taking the time to develop solid financial management practices can significantly benefit your business in the long run. Not only can it help you keep track of your cash flow and expenses, but it can also help you make profitable decisions for your business.
CRA urged to extend tax deadline as looming strike a ‘threat’ to small business – National
LATEST UPDATE AS OF 10:53 AM Eastern
- The Public Service Alliance of Canada (PSAC) says its members will strike on Wednesday if no deal is reached with the federal government by 9 pm Eastern on Tuesday.
- Canadians could face serious delays in accessing federal services if strikes were to happen, most notably in the tax department but also with EI benefits, passport applications, and imports/exports. For more on what we know so far, read the coverage here.
A looming strike by Canada Revenue Agency workers over an ongoing labor dispute “poses a threat to small businesses,” an independent group has
5 Strategies for Small Businesses to Become Stronger Than Ever
Opinions expressed by Entrepreneur contributors are their own.
As 2023 races ahead, many small business owners are looking for solutions to help keep their businesses afloat and compete in an ever-changing business landscape. The challenge can be complex but not impossible. With the right strategies, small business owners can successfully navigate these uncertain times and grow stronger.
Small businesses are a vital part of our economy, but staying ahead of the competition can be difficult for even the most experienced entrepreneurs.
Related: 4 Trends All Small Business Owners Should Be Aware of in 2023