Glad Someone Gets it.
The Best Part From the Speech from The Throne:
The economic stimulus plan will be a plan of action.
- Our Government is stimulating the economy, both through direct government action and by encouraging private expenditure.
- Our Government is taking immediate action to build Canada through new investment in infrastructure.
- Our Government is acting to protect the stability of our financial system.
- Our Government is acting to ensure access to credit for businesses and consumers.
- Our Government is acting to support Canadian industries in difficulty―including forestry, manufacturing, automotive, tourism, agriculture―and to protect the families and communities who depend on those jobs.
- Our Government is acting to protect the vulnerable: the unemployed, lower-income Canadians, seniors, Aboriginal Canadians and others hit hardest by the global economic recession.
This is the first time I have heard anyone mention private investment and small business (although small business is only mentioned in a round about way).
The way out for Canada is by laying out a clear plan, making sure credit isn’t frozen, and by opening the door for small business to grow.
In 5 years the Fortune 100 won’t include most of the current companies that occupy those spots today. In fact, a great number have left the building already.
Small business and new companies, started in a recession, will get Canada growing, if given the chance.
I’d like to see the process of starting a business become something you can do online for little or no cost. Eliminate taxes for retained earnings. Make year ends filings simple.
If Canadians would facilitate those with ideas and ambition (quit taxing us to death), we could see Canada lead the way out of this mess.
And, please don’t throw all of our “stimulus” into roads and construction. I have no idea how this helps everyday Canadians.
photo credit: Vince Alongi
To find out how to make your small business profitable with a business plan.
To find out how to start an information business using information marketing strategies
January 26th, 2009 at 5:28 pm
Great post, one that I can agree with 100%.
January 26th, 2009 at 5:51 pm
One of my pre-budget thoughts pursuant to infrastructure spending:
How many home owners realize that by building a new 100 million dollar project in your city will result in an increase of all three levels —–national, provincial and municipal— of your taxes, since normally federal contributions depend on one-third, one-third and one-third spending?
Would homeowners, even the far left, be so anxious to accept this, often corrupt, or superfluous, spending given a broad awareness of this tax escalating?
January 26th, 2009 at 6:05 pm
I hear you on the year end returns! I just ended my first year of operating my small business. I downloaded the tax forms thinking I would save my self some money…. Then I saw the forms.
I am sure the only reason this budget is in the form it’s in now is due to the coup attempt. It could take an 8th grader to slash $100 billion off the books in a few hours.
All these failing companies need to fail. No one should get anything. This is a classic Canadian solution – money redistributed from success to failure.
January 26th, 2009 at 7:40 pm
‘I have no idea how this helps everyday Canadians.’
The plus is the money is spent on Canadian supplies and jobs, doesn’t go on imported goods/technologies etc.
$7 billion on infrastructure (over 2 years or one?)
Job growth in December was in small business and public service jobs.
January 27th, 2009 at 2:46 am
while it looks like small businesses are cruising through the recession compared to all the big corporations who have to make the hard decision of slashing jobs, i do believe that cajoling a loan out of the big honchos of your local bank branches is going to be a major brick wall against most people trying to start up any kind of business in this recession. getting a bank loan is hard enough when times are good, and most Canadian banks have said themselves that they don’t feel like lending at all costs in this economic climate.
a more likely scenario i’m seeing is that small businesses who have been around for a while will go up the food chain as the recession cycles away. but for newly founded small businesses or people looking to start up a business right now, it’s less likely.