Decline Of Small Business Essay

The decline of Canada: small business and the effect on the average Canadian

In the past century, one could say that we as a country have reached standards of living, not seen until today. However, it is often neglected that there are many issues faced by todays populace. Be it the economy, over taxation, or debt faced by many. The main issue comes down to the economy, and while a broad topic, this paper will touch on a few subjects of the matter. In todays economy, it has become increasingly hard to find success as an individual or small business, and one does not make much in return for their hard work and time spent anymore. This paper will not cover some of the nuances like the pay gap that may or may not exist. However, as a whole, people are finding it increasingly hard to make ends meet. To expand on this, it would be best suited to cover small …show more content…
However, when small business, a primary form of income in Canada, are being taxed exorbent amounts of money to operate it reduces the incentive to keep production within the country. This is not hard to see why it is a bad scenario as we need businesses to invest into the economy to help it grow. Subsequently, small business find it hard to grow as there are few investors willing to place faith in a small business as they, the investor, may not receive anything for funding the business as it could fail. Also, there is a part to be played by the average consumer. They want more and more for less, this mindset is nearly impossible for small businesses to meet, and has caused many businesses to go under as expenses became to high for the returns they were making (2). The businesses that have not fallen, either are larger and able to withstand the cost of operation, or have moved production off shore. The effects of this can be seen all over as standards of living have