Chris' Corner: Good News - Canadian Small Business driving Real Estate Recovery

Good News - Canadian Small Business driving Real Estate Recovery

Good News!  Canadian Small Business is driving Real Estate Recovery by leading economic growth.
Good News
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.

Good news

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
          Sales Representative

Interested in Buying or Selling Real Estate?

  ph: 1.866.936.3500

Re/Max
Chay Realty Inc.,
Brokerage

Comment balloon 8 commentsChris Smith • August 07 2011 09:28AM

Comments

Small business that is not over regulated, over taxed is the economic engine for any economy. The small operations can weather any storm and pull in their resources where big outfits bleed quickly and die. Promote free enterprise, small business where creative service, products is what you get from the "owner in the store."

Posted by Andrew Mooers | 207.532.6573, Northern Maine Real Estate-Aroostook County Broker (MOOERS REALTY) over 9 years ago

Andrew, you are bang on, Small business it the key to recovery and long term growth, sometimes I think our governments forget this...

Posted by Chris Smith, South Simcoe, Caledon, King, Orangeville Real Esta (Re/Max Chay Realty Inc., Brokerage) over 9 years ago

HI Chris,

Excellent summary and article, the feds seem to have made some great strides in getting a better handle on identifying and stimulating some benefits and well deserving incentives for small business owners in Canada.... They are the driving force behind any recovery and growth.

Posted by Peter Pfann @ eXp Realty Pfanntastic Properties in Victoria, Since 1986., Talk To or Text Peter 250-213-9490 (eXp Realty, Victoria BC www.pfanntastic.com) over 9 years ago

Dear Chris,

One post at a time we can move on to positive thinking!
The Pfann's had a great idea!

Have a happy day -
Lynn

Posted by Lynn B. Friedman, Concierge Service for Our Atlanta Sellers & Buyers (Atlanta Homes ODAT Realty Call/Text 404-939-2727 Buckhead - Midtown - Westside -- and more ...) over 9 years ago

Thank You Peter and Linda, small business drives our economy, and it follows, or Real Estate Recovery

Posted by Chris Smith, South Simcoe, Caledon, King, Orangeville Real Esta (Re/Max Chay Realty Inc., Brokerage) over 9 years ago

Lynn, We are choosing to see the positive, Have a great day =)

Posted by Chris Smith, South Simcoe, Caledon, King, Orangeville Real Esta (Re/Max Chay Realty Inc., Brokerage) over 9 years ago

Chris - while not a big fan of government incentives I would rather see them go to small business than big as it spreads the benefits to a wider segment of the country

Posted by Kathy Clulow, Trusted For Experience - Respected For Results (RE/MAX All-Stars Realty Inc. Brokerage) over 9 years ago

Kathy, I agree with you completely, I think the incentives after the 2008 financial meltdown would have been much more productive, if given to small business and individuals...

Posted by Chris Smith, South Simcoe, Caledon, King, Orangeville Real Esta (Re/Max Chay Realty Inc., Brokerage) over 9 years ago

Participate