While the province of British Columbia continues to enjoy a triple-A credit rating and one of the lowest government net debt-to-GDP ratios in Canada, BC saw a decline in major project investment in 2016. Between the third quarter of 2015 and the third quarter of 2016, the estimated cost of all major projects that were underway, proposed, completed, or on hold in BC declined from $453 billion to $437.6 billion—a one-year decrease of $15.4 billion. The decline was due almost entirely to a decrease of $12.7 billion in proposed projects in Northeast and Northwest BC.
Cash management is especially important in today’s economic environment, where volatility and uncertainty are the only constants. To better understand the business priorities of Canadian companies and the place cash management and payments hold within those priorities, the Canadian Financial Executives Research Foundation has produced the research report entitled How finance is keeping cash flowing and business growing.
Developing self-worth is hard for many of us. And because we spend so much time at work, the connection between perceptions of self-worth and your job become massive. The path to good, priority-driven, high-ROI work is often paved with feelings of worthiness, but we can easily become distracted from this path.
The federal government continues to implement its agenda in respect of tax changes for small and medium sized private businesses, announcing further measures to increase taxation of this vital sector of the Canadian economy. These proposals come on the heels of other measures, for example, the limitations to the small business deduction, which have already increased tax complexity and compliance costs for many small business owners. These new proposals are clearly an attack on entrepreneurs. Not good.
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