Statement by the Prime Minister on Small Business Week

  • Page Views 637
  • “This week is Small Business Week, a time to celebrate and thank Canada’s small and medium sized businesses for their immense contributions to our country’s prosperity. It is also an opportunity for current and aspiring entrepreneurs to connect, share experiences, and learn new ways to make their businesses even more successful.

    “Small business owners move Canada forward. They invest in our communities, transform new ideas into market-ready products and services, and unlock economic opportunities that create jobs and grow the middle class.

    “Small businesses are the backbone of our economy. They make up 98 per cent of all business operations in Canada, employ over 70 per cent of the total labour force in the private sector, and contribute more than 30 per cent to our gross domestic product.

    “We know that when small businesses prosper, so does Canada. That is why Budget 2017 introduced the Innovation and Skills Plan to remove barriers and help small and medium sized businesses reach new markets, and to ensure that they have the technology, talent, and tools they need to thrive, grow, and prosper. That is also why we have been meeting with small businesses and listening to their feedback as we work toward making Canada’s tax system more fair and competitive.

    “Today, I joined Ministers Morneau and Chagger to announce that the Government intends to lower the small business tax rate to ten per cent in 2018 and to nine per cent in 2019. These tax cuts will fulfill a promise we made to Canada’s small business owners and, more importantly, make sure that they can keep more of their hard-earned money to invest back into their businesses, their employees, and their communities.

    “On behalf of the Government of Canada, I invite all Canadians to participate in events across the country to celebrate Small Business Week. I thank the Business Development Bank of Canada for their annual organization of this special week and wish them every success with this year’s activities.” (PMO Media Relations:613-957-5555)

    Share

    New Posts Recently publish post More

    • 20 May 2018
      3 days ago No comment

      Poke-what?

      Two decades ago somewhere in Tokyo, a young Japanese boy spent his playtime catching all sorts of insects and tadpoles. Over time the young boy’s obsession of catching creatures evolved into a hobby that created a game of catching, training and trading creatures – all in an electronic world. ...

    • 20 May 2018
      3 days ago No comment

      Just another day in political paradise

      I must admit, I had high hopes for politics in Canada. After being exposed to the politics we have in the Philippines, it is no wonder that you do not see a lot of Filipino-Canadians running for office here or any other part of the world. We have been jaded ...

    • 20 May 2018
      3 days ago No comment

      TRAIN law exceeds revenue target

      In first quarter The government registered a net revenue gain in the implementation of the Duterte administration’s first tax reform law in the first three months of the year owing to higher taxes remitted by the tobacco industry. Instead of a net loss of at least P3.2 billion in ...

    • 20 May 2018
      3 days ago No comment

      ABS-CBN files $5 million lawsuit against Dazcon Inc. in Canada for copyright infringement

      TORONTO, Ontario – Acting on reports from its own customers, ABS-CBN, the leading Filipino media and entertainment company in the world, served today a Statement of Claim issued in Canadian Federal Court against Dazcon Inc. arising out of set-top boxes that enabled buyers to illegally access hundreds of ABS-CBN’s ...

    • 19 May 2018
      4 days ago No comment

      NPA rejects Hector Bremner’s bid for party’s Vancouver mayoral nomination

      The Non Partisan Association’s (NPA) was rocked with controversy when it rejected high-profile mayoral candidate Hector Bremner. The party’s decision, say some of its observers,  shows the lack of transparency, and is “stuck in an old ‘backroom’ boys mentality” as well as an anti-immigrant bias. Bremner, who is very ...

    %d bloggers like this: