«At the heart of Ahuntsic-Carterville’s economic activity, small businesses are of the utmost importance in job creation.»
– The Honourable Mélanie Joly, Member of Parliament for Ahuntsic-Cartierville and Minister of Tourism, Official Languages and La Francophonie
Since January 1st, the federal government has reduced the small business tax rate from 11% to 9%. As a result, Canadian small businesses have one of the lowest tax rates in the world. This specific group of entrepreneurs will save up to $7,500 a year.The government also worked with credit card companies to reduce the fee charged to businesses when their customers use credit cards. This new measure represents a saving that could amount up to $1500 per year for small business owners.