A CFIB survey finds just 7% of small businesses plan significant growth over the next year, with taxes and rising costs cited as key barriers to expansion.
The EY Entrepreneur Of The Year program recognizes founders behind Booster Juice, Groupe Dynamite, The Mark Anthony Group of Companies and T&T Supermarket Inc. for creating opportunity, building communities and showcasing Canadian entrepreneurship on the global stage.
The federal small business tax rate has remained frozen at 9% since 2019, and the Small Business Deduction threshold has been unchanged at $500,000 since 2009.
Funded by Amex Canada and administered by DMZ at Toronto Metropolitan University, 100 Canadian small businesses will be selected to each receive a $10,000 CAD grant and mentoring support from DMZ.
The entrepreneurial drought, a sustained period of four or more quarters where business exits outpace new business entries, has been ongoing since early 2024.
Confidence levels among almost all provinces hovered just above or around their historical averages, while most sectors saw gains in their 12-month outlook.