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Not only will the great majority of Canada's small businesses survive the recession, but as the recovery continues, many will be stronger than ever, according to a major study released today by BMO's Economics Department.

The report, Canada's Small Business Juggernaut, by BMO Chief Economist, Dr. Sherry Cooper, assesses the strength of small business formations in communities across Canada; it identifies the small business Hotbeds among the country's 33 largest cities and measures small busines… Continue

The PricewaterhouseCoopers (PwC) Business Insights® Survey 2009 reveals that the majority of Canadian private companies have fared better over this past recessionary year than one might have expected and are well positioned for the future. Many private companies entered the recession well managed and capitalized, with minimal debt, and were able to weather a market correction.

Nationally, 58% of respondents are planning for gr… Continue

Increased debt. Downsizing. Lost business. The recession took its toll on small business owners in Ontario. Yet, despite the fact that the majority of Ontario's small business owners were negatively affected by the recession, 55% are excited or optimistic about 2010, saying they believe it will be a good year for their business. These are the findings of the second annual TD Canada Trust Small Business Survey which was conducted to better understand the impact of the recession on small businesse… Continue

As Small Business Week approaches, tax experts are warning businesses about the dramatic impact harmonized sales tax (HST) could have on them next summer and to start planning now.

Stern Cohen LLP partner and 30-year tax veteran, Keith Rosen, has the following advice for all small businesses as Ontario moves from its provincial sales tax (PST) system to a harmonized provincial and federal system starting July 2010:

Some are going to get it in the gut, so start planning. The "consumer" business… Continue

We’re excited to announce a new feature release is now live. The Status feature empowers you to share your activities with other members on the MBN and engage with people around those activities.

Along with appearing on Profile pages in the Status box, status updates will also display in the Latest Activity feed on the Main Page and on the My Page of the member who posted the update.