• Small Businesses are the Backbone of Saskatchewan's Economy

  Source: Saskatchewan - Government News
  Date: 2026-10-21 02:00:00.0
  Tags: [Saskatchewan, Economy, Taxation, Industry, Labour]

  The Government of Saskatchewan recognized Small Business Week for October 19 to 25, 2026, and released the Saskatchewan Small Business Profile by the Ministry of Trade and Export Development. The report notes that the province is home to 156,850 small businesses (defined federally as having fewer than 50 employees), which accounted for 98.8 percent of all businesses in 2025, employed approximately 30 percent of the provincial workforce, and provided over $8.3 billion in wages and salaries. The province maintains a permanent small business tax rate of 1 percent and has increased the small business income threshold from $500,000 to $600,000.

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• Ontario Celebrates Small Business Week

  Source: Ontario - Ministry of Economic Development, Job Creation and Trade
  Date: 2026-10-19 14:00:00.0
  Tags: [Ontario, Economy, Taxation, Finance, Industry, Labour]

  In recognition of Small Business Week, Associate Minister Nina Tangri highlighted that Ontario's over 500,000 small businesses employ nearly 2.5 million people. The 2026 Ontario Budget cut the small business corporate income tax rate from 3.2 per cent to 2.2 per cent, providing $1.1 billion in relief and up to $5,000 in annual savings to over 375,000 small businesses. Additionally, the government is investing a record $49 million over the next three years in the Ontario Small Business Advisory Centres (OSBACs) network across more than 50 locations, alongside ongoing investments in Futurpreneur and Summer Company.

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