Closing a small business in Canada is a significant decision that requires careful planning and execution to ensure compliance with legal, financial, and administrative obligations. Whether you’re retiring, shifting focus, or facing unforeseen challenges, shutting down a business involves more than just locking the doors. This comprehensive guide walks you through the essential steps to …

Continue reading “How to Close a Small Business in Canada: A Step-by-Step Guide”

Starting a new business venture can be both exciting and daunting. As someone who’s worked with dozens of Canadian entrepreneurs over the years, I’ve seen firsthand what works and what doesn’t in our unique economic landscape. If you’re looking for profitable small business ideas in Canada that have real potential in today’s market, you’ve come …

Continue reading “#10 Best Profitable Small Business Ideas in Canada”

Small businesses are the heartbeat of Canada’s economy, driving innovation, employment, and community growth. As we move through 2025, understanding the latest trends and statistics can help entrepreneurs navigate challenges and seize opportunities. Below, we’ve compiled the top 15 small business statistics in Canada, offering insights into their impact, challenges, and future outlook. The Backbone …

Continue reading “Top 15 Latest Small Business Statistics in Canada”

Ever wonder why small businesses fail in Canada despite our supportive entrepreneurial ecosystem? I’ve spent years working with Canadian entrepreneurs, and the statistics can be sobering: approximately 20% of small businesses fail within their first year, and around 60% don’t make it past year five. As someone who’s helped dozens of business owners navigate these …

Continue reading “Top 10 Reasons Why Small Businesses Fail in Canada”

I remember the day I put my first vending machine in a local gym. It was nothing fancy – just a basic snack machine with a few dozen items. But when I came back a week later and counted the money, something clicked. This could be big. Starting a vending machine business in Canada has …

Continue reading “How to Start a Vending Machine Business in Canada: Complete Guide to Automated Profits”

I know, starting a business in Canada is an exciting journey that begins with proper registration. I’ve helped dozens of entrepreneurs navigate this process, and I can tell you firsthand that knowing how to register a business in Canada correctly from the start will save you countless headaches down the road. The Canadian business industry …

Continue reading “How to Register a Business in Canada: A Step-by-Step Guide for Entrepreneurs”

Let me tell you a story. When I started my first small business in Canada, I thought payroll was just “paying people.” Big mistake. I missed a CRA deadline, got slapped with a penalty, and spent a weekend untangling the mess. Sound familiar? Payroll isn’t sexy, but it’s the backbone of keeping your team happy …

Continue reading “How to Do Payroll for Small Business in Canada: A Complete Guide”