Manitoba has the lowest number of small businesses out of all the provinces. The high land transfer tax to buy commercial property is part of that problem. Another is the capital tax charged on loans is high. The decision to invest in a small business in another part of Canada is often the result. Small businesses don’t have the capital to pay for expensive overhead, they must do what gives[…]
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The growing debt in Manitoba is worrisome and this deficit crisis has a rippling effect on all that reside there. The debt of the province is at an all-time high. The government can’t just borrow more money either. They are a high risk, so there is high interest with any money they borrow if they get approved for the loan. The residents of Manitoba continue to get caught in the[…]
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The demands for higher minimum wage in Manitoba are at the forefront of many discussions. At the same time, there is a push to increase exemptions for certain taxes. This is due in part to surrounding provinces that have already done both of these things to help the community and the economy. The cost of living continues to go up, and many households in Manitoba are struggling. They don’t like[…]
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There is so much information tossed around about the economy in Manitoba, it can be difficult to know what is true and what isn’t. With so much news coverage about the economy in Manitoba, people are seeking information. The news tends to share stories about how strong the economy is. Yet there are missing pieces of such reports, and they don’t give a clear report of what is really taking[…]
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