Lots of sources have discussed the implications of the Canadian government’s Budget 2008 on small business. According to The Globe and Mail, Finance Minister Jim Flaherty is working “to sell a plan that he said prepares the country for an economic slowdown”. Here’s a short list of what some reliable sources are saying about the budget with respect to business as well as a number of links to their respective websites:
How Does the Budget Affect Small Business?
- Assistance for manufacturers
- Improved employment insurance management
- Improvements to the immigration system, including speeding up the process
- Enhancements to the cross-border business system
- Streamlining vehicle expense claims
- Provision of more claimable tax credits under Canada’s Scientific Research & Experimental Development (SRED) tax incentive program
- Money to farm programs
- Money for the aquaculture industry
Here is The Globe and Mail’s Budget 2008 Report: articles, editorials, videos and more.
Here is the Financial Post’s page on the Budget. They also include a nice highlight of the budget.
Canadian Business Online includes a report written by Kim Shiffman called: Budget 2008: A Small Budget for Small Business
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