2011 is Year of the Entrepreneur

Seeing as LocalTrifecta Internet Marketing is a small business, with a focus on helping other small businesses attract and convert more customers online, I think what the Canadian Youth Business Foundation (CYBF), Canadian Federation of Independent Business (CFIB), and Federal Government have done is wonderful.

In naming 2011 the Year of the Entrepreneur, I hope that this goes beyond the typical lip service, feel good type media announcement. Small business is the life blood of the Canadian economy, and it is the industrious, creative, and effort of business owners that drive this country.

As a past funding recipient from CYBF, I can assuredly say that it is a terrific organization that has a clear and organized mandate.

The following is taken from the joint press release sent out today:

As leaders in small business in Canada, CYBF and CFIB recognize that the country’s future depends on the continuing contributions of entrepreneurs. Small- to medium-sized businesses account for 98 per cent of all businesses across Canada, and with more than 19 per cent of owners plan to retire within the next five years, The Year of the Entrepreneur is a prime opportunity for Canada’s frontrunners to create entrepreneurial initiatives that will help move Canada into more prosperous times.

Read the official government press release on this.

Government Giving You a Pay Cut

The Canadian government is seeking to reform the Employment Insurance System and hike premiums. As a small business owner I know the effects of Payroll deductions and remittances on both employer and employee side.

The Canadian Federation of Independent Business protects the interests of small business owners in Canada and has put together the following.

As reported by CFIB, the government had $57 billion extra for Employment Insurance that was spend elsewhere. So now we’re all left to pay for it through an expected 35% increase in EI premiums over the next four years. So take home for EVERYONE will be down.

Do your part and follow the steps the CFIB outline.