HST vital to sustaining economic prosperity in BC
The BC government intends to harmonize the provincial sales tax (PST) with the federal GST, effective July 1, 2010. This will result in the elimination of the PST and the establishment of a new, single harmonized sales tax (HST) initially set at a rate of 12%.
The business associations listed at [...]
The announcement by the CRA that businesses that fall over a threshold must electronically file their HST returns is a long time coming. From the government’s perspective I can’t understand why they didn’t do this earlier in order to get their information and payments earlier similar to personal taxpayers e-filing their income tax returns. The [...]
Global Sourcing a Way to Reduce Manufacturing Costs available to all sizes of manufacturers.
Economy will still be in yo yo mode for the next year opinion of a TEC Advisory Group in Vancouver, BC
In 2008 Green energy companies received more investment funding than fossil fuel companies as per a report from the United Nations.
Private company financing is in many ways easier to get as you don’t have the regulatory hurdles you would as a publicly traded company on a stock exchange. The most important reason why some companies stay private instead of going public though is being able to keep control of the business, making decisions which generally are best for the long term success of the organization.
Growing up in a small business environment, watching your parents work harder and harder to make a good life for us as children I believe that my parents probably worked too hard and didn’t give themselves the opportunity to maximize the value of their businesses before retiring.
Succession planning should start earlier, not at age 65 [...]
Myth 1: The value of my business can be generally determined by using an earnings multiplier of my industry. ie. 3 times EBITDA
This is the most common myth. The earnings multiplier can be useful to get an overall general value based on the industry, but it doesn’t apply to all businesses within the [...]
Part 1: Simon Pimstone, President & CEO of Xenon Pharmaceuticals Interview
Canadian government’s announcement on reduction of future funding for Genome Canada affects life sciences companies in British Columbia, including larger start ups such as Xenon Pharmaceuticals.
Affects of this including having fewer jobs and hindering the ability of companies to commercialize their intellectual property they have [...]
According to the BDC small medium sized businesses spend 45 to 65% of their revenue on purchasing materials and services. This large percentage of the total costs of a business means that small savings, even 1% can mean instant addition to the bottom line but in today’s economy you can achieve even greater savings in [...]
