Although over half of Canadians are considering starting a business, most current business owners question whether now is a good time to become an entrepreneur, according to recent statistics.
An RBC poll shows 51 percent of Canadians are thinking of launching a business, up five percentage points from 2023, according to a Sept. 18 news release.
“Historically, we’ve observed strong interest across Canada in starting and owning businesses, and it’s promising to see that a significant number of Canadians in 2024 are aspiring entrepreneurs,” said Don Ludlow, the bank’s vice president of small business, partnerships, and strategy.
The results show that Canadians are looking for ways to “gradually transition to entrepreneurship,” Ludlow said.
The results show that 72 percent of those wanting to start a business are already looking at how to make it happen. Some of their ideas include
The poll was conducted by Ipsos Canada from June 21 to 25 with more than 2,000 surveys completed online by Canadians aged 18 and older.
Government Help Needed for Small Business
In another poll on small business from the Canadian Federation of Independent Business, only 18 percent of current business owners would advise someone to start a business right now.
The top reasons for advising against entrepreneurship at this time were: difficulty in keeping up with the cost of doing business (90 percent), the current economic situation (76 percent), and the high tax burden (73 percent).
A Fifth of Canada’s Small Businesses Face Closure: Business Federation
“Small businesses are still facing hardships that are impacting their ability to operate and invest, which in turn impact Canada’s economy and productivity,” CFIB executive vice-president of advocacy Corinne Pohlman said in a Sept. 16 news release.
Pohlman said parliament needs to consider the needs of small businesses if it wants to improve the economy.
The survey found that 59 percent of business owners struggle with taxes and 51 percent said they grapple with operational costs.
About three-quarters of small businesses want to see government reduce the tax burden and 77 percent said the government needs to bring down the cost of doing business and rising prices.
It is pathetic when you have 5 running for mayor and 24 for city Councillor and you can't come up with 8 you would vote for for Councillor. I pass by if they are a civil servant or don't know the responsibility of the different levels of government. This is Red Deer. I have been waffling on Mayor but have finally made up my mind. Two former city Councillors are HELL NO's and hope to see their asses in rear view mirror.
Alberta strike cancelling classes across the province shows unions have far too much power
https://nationalpost.com/opinion/carson-jerema-abolish-the-teachers-unions
Tamara & Chris sentenced. The Message is Clear: Dissent is Now a Crime.
Writer: Timothy Knight
Timothy Knight
1 hour ago
2 min read
ree
Tamara Lich and Chris Barber got 12 months of house arrest today for “mischief.”
Not violence.
Not property damage.
Mischief.
Peaceful Canadians—criminalised for daring to speak out. The same justice system that drops charges for real crimes and lets violent offenders walk free spent three years trying to break two people who stood for freedom.
The Crown had outrageously demanded seven years in jail to make an example out of them.
Why?
To warn you.
To scare anyone who might ever peacefully defy the state again.
Even the judge admitted Chris Barber “came with the noblest of intent” and never called for violence.
But it didn’t matter. They needed bogeymen.
We remember all the others:
Maxime Bernier was handcuffed in Manitoba for speaking at a peaceful rally.
Mark Friesen was fined thousands for organizing gatherings.
Randy Hillier saw convoy charges stayed after years of harassment.
Todd Dube was ...