Giving small businesses an opportunity to grow and succeed by lowering the small business tax from 11% in 2015 to 9% by 2019.
Supported the Comprehensive Economic and Trade Agreement (CETA) that ensures competitiveness of small and medium-sized businesses with the European Union, including removes tariffs on 98% of the EU’s tariff lines.
Growing the tourism industry, which accounts for 1 in 10 Canadian jobs and about 200,000 Canadian businesses. Our government has increased the number of visitors from around the world by 4% in 2017, welcoming more than 14.6 million visitors.
Supporting the development of the Indigenous tourism industry across the country with $8.6 million in funding.
Providing mentorship to young entrepreneurs with additional funding to Futurpreneur Canada over the next two years.
Ensured the availability of more venture capital for startups with our Budget 2017 commitment of $400 million to the Venture Capital Catalyst Initiative.
Provided co-funding to help small- and medium-sized enterprises expand into new markets with our new CanExport Program, which has approved over 800 projects as of January 2017.
Simplified services to business owners by launching the Business Registry Search (BRS) Pilot in Nova Scotia, Quebec, and Ontario with plans to expand it to other regions.
Eliminated the cumulative duration rule or the “four-in, four-out” rule, which limited how long temporary foreign workers could stay in Canada, so that temporary workers can now extend their permits for longer than four years.
Enabling companies to attract top talent with the new Global Skills Strategy, which shortens the work permit process to two weeks for some high-skilled workers.
Supported the construction of the new toll-free Champlain Bridge in Montreal to help people and goods move around more efficiently between Canada and the US.
Invested in the Gordie Howe International Bridge Project that will connect Windsor and Detroit via highways to make trade more efficient.
There’s still more work to do:
Developing a new Canadian international trade strategy to support small and medium-sized businesses.
Working with our provincial, territorial, and municipal partners to deliver better coordinated programs that support small and medium-sized enterprises.
Finding solutions to reduce the administrative burden on small business owners.
Continuing to grow local eco-tourism industries and create jobs.
Passing Bill C-23 to make it easier and faster for travellers and goods to move across the Canada-US border.
Reviewing and modernizing the Broadcasting Act and the Telecommunications Act to strengthen the future of Canadian media and Canadian content creation for Canadians, creators, and cultural entrepreneurs