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  • Ontario minimum wage to rise by 15 cents October 1 | Small Biz Advisor
    doing paid work from home for employers will see an increase from 12 40 to 12 55 It s important for people to know that there is a consistent transparent and fair approach to setting the province s minimum wage that ensures workers receive annual increases that keep up with inflation said Ontario Minister of Labour Kevin Flynn It s also important we provide predictability to businesses so they can

    Original URL path: http://www.smallbizadvisor.ca/news/ontario-minimum-wage-to-rise-by-15-cents-october-1-4244?Print (2016-04-26)
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  • CRA tweaks interest rate for corporate taxpayers | Small Biz Advisor
    April 1 2016 to June 30 2016 There have been no changes to the prescribed interest rates since last quarter except for the interest rate for corporate taxpayers pertinent loans or indebtedness Income tax The interest rate charged on overdue taxes Canada Pension Plan contributions and employment insurance premiums will be 5 The interest rate to be paid on corporate taxpayer overpayments will be 1 The interest rate to be

    Original URL path: http://www.smallbizadvisor.ca/news/cra-tweaks-interest-rate-for-corporate-taxpayers-4243?Print (2016-04-26)
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  • U.S. home sales slump | Small Biz Advisor
    mortgage rates have bolstered demand from would be buyers The limited supplies have fueled rising prices that have in turn reduced affordability and limited sales levels The median home sales price was 210 800 in February a 4 4 annual increase from a year ago And tight supplies have driven the increases in home prices forcing buyers to bid more for hotly contested homes Listings in February fell 1 1 from a year ago Many homeowners are hesitant to sell since they would need more equity to cover the down payment for stepping up to a new property Investors have also turned homes into rentals further depriving the market of supplies The Realtors have forecast that overall sales levels will be nearly unchanged this year after a 6 5 gain in 2015 But median sales prices are forecast to rise 4 meaningfully faster than wages The buying of homes fell sharply in the Northeast and Midwest last month while slipping less severely in the South and West Further investors accounted for 18 of sales in February Meanwhile first time buyers made up 30 of purchases staying persistently below their historic share of 40 The shortage remains a consequence of the burst housing bubble which initially flooded the market with distressed foreclosures and then left a limited selection of homes for buyers as the recovery from the recession has surpassed six and a half years Inventory is particularly low for starter homes keeping first time buyers out of the market according to a separate report released Monday by the real estate firm Trulia At the bottom of the housing market in 2012 a typical homebuyer only needed to commit 32 2 of their income to buy the median priced starter home That share of income has climbed to 37 7 putting

    Original URL path: http://www.smallbizadvisor.ca/news/u-s-home-sales-slump-4242?Print (2016-04-26)
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  • Alberta signals small business tax cut coming | Small Biz Advisor
    budget will be presented by Finance Minister Joe Ceci on April 14 Ceci and Notley have already said it will have new measures to create jobs and diversify and economy which has seen more than 80 000 job losses due to the collapse in oil prices Ceci has already said the budget is expected to include a 10 4 billion deficit The province has already announced close to 2 billion in loan and investment incentives to help new ventures take off and small and medium sized businesses grow and diversify Earlier Tuesday Wildrose Leader Brian released his team s 12 point plan to create jobs He pointed out that at 3 Alberta s small business tax rate is the highest among the four western provinces British Columbia is at 2 5 Saskatchewan is at 2 and Manitoba is zero The Wildrose estimates that a one percentage point drop in the small business tax rate would return a high end estimate of 150 million to businesses and the economy The party said the tax break could replace the NDP s job creation plan that was announced last year but is now on hold That plan would have spent 178 million over two years to fund a portion of salaries for new private sector hires up to 5 000 per person The NDP had promised the program would start in 2016 and create 27 000 jobs The Wildrose also pitched drawing down more than 1 billion from the Workers Compensation Board treasury to give employers a temporary break on WCB premiums during the downturn The Wildrose said the WCB has about 10 2 billion in its funds against 7 5 billion in liabilities Jean said drawing down 1 billion or so would still leave the WCB within its mandated savings zone The

    Original URL path: http://www.smallbizadvisor.ca/news/alberta-signals-small-business-tax-cut-coming-4238?Print (2016-04-26)
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  • CFOs worry about filling financial positions | Small Biz Advisor
    only for open roles But 82 of Canadian CFOs surveyed said it s somewhat or very challenging to find skilled candidates for professional level positions today This compares to 57 in the previous six months Many firms are facing increased difficulty staffing financial positions the research found that 63 of Canadian CFOs said it s much more challenging or somewhat more challenging to find skilled candidates for finance and accounting

    Original URL path: http://www.smallbizadvisor.ca/news/cfos-worry-about-filling-financial-positions-4237?Print (2016-04-26)
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  • Employees distracted at work by financial concerns | Small Biz Advisor
    budgeting retirement investing managing debt and 45 of Canadians say they have a low level of financial wellness The research reveals that feeling stressed and worried over financial matters is very common in Canada The study showed that 70 of Canadians surveyed agreed that they worry about their financial situation often or sometimes and among people with a low level of financial wellness 85 worry about money often or sometimes

    Original URL path: http://www.smallbizadvisor.ca/news/employees-distracted-at-work-by-financial-concerns-4235?Print (2016-04-26)
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  • 30% of U.K. employers have a defined wellness strategy | Small Biz Advisor
    of respondents launched their wellness strategy to increase employee engagement while 23 did so to improve their organizational culture and 13 did so to help them retain their talented employees With a few exceptional examples U K employers have tended to lag in the employee wellness stakes compared to what our U S peers are doing said Debi O Donovan partner at REBA Clearly the drivers are different the U K has the NHS while U S employers have to work hard to cap private insurance costs So here in the U K as our research demonstrates cost is not the key driver of employee wellness Instead it is employee engagement and organizational culture One of the key areas cited by almost half 49 of the surveyed wellness strategies was financial education and advice with nearly a third 32 of all respondents planning to add some form of financial education or support to their wellness strategies in 2016 or beyond The research also found that 55 of respondents with a defined wellness strategy also have a dedicated wellness budget in place to fund their programs and initiatives Less than a third 28 take their wellness spend from another budget typically

    Original URL path: http://www.smallbizadvisor.ca/news/30-of-u-k-employers-have-a-defined-wellness-strategy-4234?Print (2016-04-26)
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  • What it takes to recruit millennial workers | Small Biz Advisor
    in a recent interview They don t need to be a VP to define who they are Their definition of success is their contributions and the impact that they make on society their coworkers what have you For older generations Sterling adds success was defined by what our title was Similar findings emerged during a two year study commissioned by international financial services firm PWC which noted that millennial hires were spending only a few years with the company before departing for greener pastures The study which interviewed about 40 000 participants through both online polls and focus groups found that members of Gen Y did not expect a single employer to meet all their needs and were therefore prepared to move around frequently during their careers Job security therefore was not as important as job quality the study found Millennials placed a much higher emphasis on a positive work culture opportunities for development and job metrics that focused on quality of work PWC National Talent Leader Debbie Amery said adapting to changing expectations became a pressing corporate priority as more millennials joined the firm adding that Gen Y ers now comprise 80 per cent of all employees In response to the study Amery said the firm developed a number of programs One offers undergraduate business students co op placements during peak seasonal periods that equip them for more senior roles upon graduation Another allows employees to take short term assignments in other parts of the company to learn various aspects of the business and develop their personal and professional network Underpinning everything Amery said is a teach don t tell learning approach and increasing use of technology that allows for easy collaboration from anywhere in the world Quick responsiveness in all facets of work life is a key part

    Original URL path: http://www.smallbizadvisor.ca/news/what-it-takes-to-recruit-millennial-workers-4233?Print (2016-04-26)
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