Good News! Canadian Small Business is driving Real Estate Recovery by leading economic growth.
The Minister of Finance, the Honourable Jim Flaherty, hosted a round table with a number of local small-business owners from Burlington Ontario on July 26th to seek out thoughts and suggestions about the economic direction of our country.
The Canadian Economy, though affected by the economies of other countries, is still the envy of much of the developed world. The minister stated that "we have experienced seven straight quarters of economic growth. About 590,000 more Canadians are working today than in July 2009." He highlighted that small businesses are the engines of wealth generation and are playing a key role in driving and sustaining our economic recovery.
The government is initiating a number of incentives to help small businesses and entrepreneurs to expand. These initiatives include the introduction of:
- Temporary Hiring Credit for Small Business
- lowering the small business tax rate from 12% to 11%
- increasing the business income eligible for the lower tax rate to $500,000 from $300,000
Another government initiative that will help spur our economy is the extending of the temporary accelerated Capital Cost Allowance rate for investment on machinery and equipment for two more years.
The resultant creation of jobs bodes well for the continued Real Estate Recovery in Southern Ontario, and more specifically the Brampton, South Simcoe and Barrie areas.
For a link to the full article, click here.
Are you looking to buy and/or sell a home in South Simcoe? If you are looking at or living in communities like Angus, Innisfil, Alliston, Beeton, Everett, Tottenham, Rosemont or Cookstown or any of the many other small villages dotting South Simcoe, Call me, Chris Smith @ 1.866.936.3500 for information and assistance in making your Real Estate dreams come true.
Chris Smith CSSBB
Chay Realty Inc., Brokerage