Growing Your Business

How and When to Hire New Talent For Your Small Business

In Canada, it is estimated that 87% of all jobs created in the last 10 years are hired by small-medium business enterprises across various industries. Small business owners fuel employment in Canada, but it raises the question – when and who should I hire? It may be time to hire employees if you are experiencing …

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6 Time Management Tips For Small Business Owners

Time is the most valuable resource in growing your small business. Unfortunately, a lot of business owners struggle with time management. They try to accomplish so much in a short amount of time that it affects their productivity and results in mental burnout. And that’s why good time management is important. Not only will it …

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A Simple Guide to Canada’s Proposed Small Business Tax Reforms

On July 18, the Liberal Government proposed small business tax reform. The draft legislation proposed by Finance Minister Bill Morneau has been a much-debated topic over the past few months. This blog post will: Provide an overview of three of the proposed tax changes; Outline monetary examples of how the new legislation could affect small business …

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3 Ways to Start Planning Now for the Ontario Minimum Wage Increase

If you haven’t heard about the minimum wage hike in Ontario, you haven’t heard about the biggest wage hike in the province’s history. By January 1st 2018, the minimum wage is planned to go up to $14, and by Jan 1, 2019, $15. It’s at $11.40 today, which means over the next 2 years the …

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The Most and Least Challenging Business Functions

At Lending Loop, we’re focused on helping Small and Mid-sized Canadian Businesses (SMEs) grow. Small businesses are the backbone of the Canadian economy. In fact, SME’s account for over 99% of the total 1.1 million employer businesses operating in Canada and employ nearly 90% of Canada’s private sector workforce. While running a business can be incredibly …

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