Starting your own business is a thrilling endeavor. But where should you start? Canada offers a wide range of opportunities for entrepreneurs, so it’s important to choose the right business for you. Here are some of the high-rated businesses to start in Canada, from tech startups to food delivery services.
Tech Startup
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In recent years, Canada has become a hot spot for tech startups, with numerous opportunities available across the country. Let’s take a look at why tech startups are one of the top businesses to start in Canada.
One of the main reasons that tech startups are so successful in Canada is because of the strong talent pool and abundance of accessible resources available. Canadian universities focus on providing students with technical skills and knowledge, making them ideal candidates for employment in many tech startups.
Additionally, numerous resources available for entrepreneurs such as incubators and accelerators provide mentorship and guidance to help founders get their projects off the ground and running smoothly.
The Canadian federal government has been supportive of new businesses, particularly those in tech industries such as software development and artificial intelligence. The government provides various funding programs for entrepreneurs, including grants, subsidies, tax credits, loans, and more.
Additionally, there are various laws that govern business operations in order to ensure fairness between all parties involved. This support helps foster innovation within Canadian tech companies and encourages more people to pursue their entrepreneurial dreams without fear of failure or lack of resources.
Finally, one of the key factors driving success amongst Canadian tech startups is the strong ecosystems and networks that have developed over time. Numerous networking events are held throughout the year where innovators can connect with potential customers or partners while also gaining valuable insights into what other entrepreneurs are doing successfully within their respective fields.
This type of community-driven support helps foster collaboration between startups while also creating an environment where ideas can flourish without fear of competition or criticism from others.
Food Delivery Service
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Starting a food Delivery Service has become popular in Canada due to its flexibility and low overhead costs. Let’s take a look at why starting a food delivery service can be an excellent choice for entrepreneurs in Canada.
One of the biggest benefits of starting a food delivery service is that it requires very little capital to get started. All you need is a vehicle and phone/internet access—both of which can be rented or purchased on a budget—and you’re ready to go! You don’t need to worry about expensive equipment or extensive training, so it can be up and running quickly and cost-effectively.
Another major benefit is that you can work as much as you can or as little as you choose. This means that if you have other commitments, such as taking care of children or working another job, then you won’t have to worry about having enough time for your food delivery business. This makes it great for those who want to make some additional money on the side or even full-time income with flexible hours.
With low startup costs and flexible hours, starting a food delivery service in Canada can provide entrepreneurs with an excellent opportunity to make money while maintaining their own schedules. Additionally, there is always potential to expand beyond just delivering restaurant meals and explore new areas where demand exists, which could lead to greater success in the future! For those considering making this leap into entrepreneurship, now might be a perfect time!
Freelance Writing/Editing Services
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Freelance writing and editing services have become increasingly popular in Canada over the past few years. With more people working remotely and the freedom to choose their own hours, freelance writers and editors offer a unique service that is both beneficial to the client and rewarding for the freelancer.
One of the main reasons why freelancing is so attractive is its flexibility. Freelancers are able to work when it suits them, leaving them free to pursue other interests or even take on additional freelance work if they choose. This allows them to make their own schedule, giving them greater control over their workload and how much time they can dedicate to each task. Furthermore, freelancers don’t need an office or any other expensive overhead costs as all they need is a computer with internet access.
In addition to providing more flexibility, freelance writing/editing services also offer some tax advantages as well. Because most freelancers are considered self-employed, they are eligible for certain deductions related to their business expenses that would otherwise not be available if they were employed by someone else. This can help reduce their overall tax burden and make it easier for them to save money for retirement or other future goals.
When starting any business, it’s important that you have experience in the field that you’re going into so you can stay competitive and provide quality services to your clients. Working as a freelance writer/editor provides an excellent opportunity for professionals who want to stay up-to-date with the latest skills and trends in their industry while still earning money doing what they love. Furthermore, those who specialize in specific areas such as SEO or web content will find themselves even more sought after as businesses continue looking for ways to optimize their online presence and reach new customers through digital marketing strategies like content marketing.
Conclusion:
Starting your own business can be daunting but also immensely rewarding. With so many options available in Canada today—from tech startups to food delivery services—there’s something out there for everyone. Do your research and find the right fit for you! With hard work, you can make your dream of owning a successful business come true in no time at all!
TORONTO – Canada Goose Holdings Inc. says it has signed a deal that will result in the creation of its first eyewear collection.
The deal announced on Thursday by the Toronto-based luxury apparel company comes in the form of an exclusive, long-term global licensing agreement with Marchon Eyewear Inc.
The terms and value of the agreement were not disclosed, but Marchon produces eyewear for brands including Lacoste, Nike, Calvin Klein, Ferragamo, Longchamp and Zeiss.
Marchon plans to roll out both sunglasses and optical wear under the Canada Goose name next spring, starting in North America.
Canada Goose says the eyewear will be sold through optical retailers, department stores, Canada Goose shops and its website.
Canada Goose CEO Dani Reiss told The Canadian Press in August that he envisioned his company eventually expanding into eyewear and luggage.
This report by The Canadian Press was first published Sept. 19, 2024.
Almost seven years since news broke of an alleged conspiracy to fix the price of packaged bread across Canada, the saga isn’t over: the Competition Bureau continues to investigate the companies that may have been involved, and two class-action lawsuits continue to work their way through the courts.
Here’s a timeline of key events in the bread price-fixing case.
Oct. 31, 2017: The Competition Bureau says it’s investigating allegations of bread price-fixing and that it was granted search warrants in the case. Several grocers confirm they are co-operating in the probe.
Dec. 19, 2017: Loblaw and George Weston say they participated in an “industry-wide price-fixing arrangement” to raise the price of packaged bread. The companies say they have been co-operating in the Competition Bureau’s investigation since March 2015, when they self-reported to the bureau upon discovering anti-competitive behaviour, and are receiving immunity from prosecution. They announce they are offering $25 gift cards to customers amid the ongoing investigation into alleged bread price-fixing.
Jan. 31, 2018: In court documents, the Competition Bureau says at least $1.50 was added to the price of a loaf of bread between about 2001 and 2016.
Dec. 20, 2019: A class-action lawsuit in a Quebec court against multiple grocers and food companies is certified against a number of companies allegedly involved in bread price-fixing, including Loblaw, George Weston, Metro, Sobeys, Walmart Canada, Canada Bread and Giant Tiger (which have all denied involvement, except for Loblaw and George Weston, which later settled with the plaintiffs).
Dec. 31, 2021: A class-action lawsuit in an Ontario court covering all Canadian residents except those in Quebec who bought packaged bread from a company named in the suit is certified against roughly the same group of companies.
June 21, 2023: Bakery giant Canada Bread Co. is fined $50 million after pleading guilty to four counts of price-fixing under the Competition Act as part of the Competition Bureau’s ongoing investigation.
Oct. 25 2023: Canada Bread files a statement of defence in the Ontario class action denying participating in the alleged conspiracy and saying any anti-competitive behaviour it participated in was at the direction and to the benefit of its then-majority owner Maple Leaf Foods, which is not a defendant in the case (neither is its current owner Grupo Bimbo). Maple Leaf calls Canada Bread’s accusations “baseless.”
Dec. 20, 2023: Metro files new documents in the Ontario class action accusing Loblaw and its parent company George Weston of conspiring to implicate it in the alleged scheme, denying involvement. Sobeys has made a similar claim. The two companies deny the allegations.
July 25, 2024: Loblaw and George Weston say they agreed to pay a combined $500 million to settle both the Ontario and Quebec class-action lawsuits. Loblaw’s share of the settlement includes a $96-million credit for the gift cards it gave out years earlier.
Sept. 12, 2024: Canada Bread files new documents in Ontario court as part of the class action, claiming Maple Leaf used it as a “shield” to avoid liability in the alleged scheme. Maple Leaf was a majority shareholder of Canada Bread until 2014, and the company claims it’s liable for any price-fixing activity. Maple Leaf refutes the claims.
This report by The Canadian Press was first published Sept. 19, 2024.
Companies in this story: (TSX:L, TSX:MFI, TSX:MRU, TSX:EMP.A, TSX:WN)
TORONTO – TD Bank Group, which is mired in a money laundering scandal in the U.S., says chief executive Bharat Masrani will retire next year.
Masrani, who will retire officially on April 10, 2025, says the bank’s, “anti-money laundering challenges,” took place on his watch and he takes full responsibility.
The bank named Raymond Chun, TD’s group head, Canadian personal banking, as his successor.
As part of a transition plan, Chun will become chief operating officer on Nov. 1 before taking over the top job when Masrani steps down at the bank’s annual meeting next year.
TD also announced that Riaz Ahmed, group head, wholesale banking and president and CEO of TD Securities, will retire at the end of January 2025.
TD has taken billions in charges related to ongoing U.S. investigations into the failure of its anti-money laundering program.
This report by The Canadian Press was first published Sept. 19, 2024.
