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There are four basic methods of getting into business; start from scratch, purchase the assets of a business that has ceased operation, purchase an existing operation, or pay the fee for a franchise license. There are strengths and weaknesses for each method. Starting a business...
Islanders can see the inner workings of seven local businesses during Prince Edward Island’s first-ever PEI Open Business Day. Happening this Saturday, October 22, PEI Open Business Day is just one of the activities planned for Small Business Week 2016. “Small businesses are the...
Exporting allows companies to diversify their risk by having revenue streams from different markets and divergent economies. Along with the increased sales potential, there are opportunities to achieve greater economies of scale and maximize productivity – and profitability...
Starting a new business begins with a good idea or a great opportunity. Starting a successful new business begins with a well developed idea and a solid plan. Any successful entrepreneur will tell you the first step to a successful start - Do your homework! Owning your own...
Transitional rules are required to determine which tax rate will apply to transactions that straddle the October 1 implementation date.
In its efforts to be more open and accessible, the provincial government continues to remove barriers to doing business in Prince Edward Island. “Our Government remains committed to working closely with industry to reduce red tape, align regulations with other jurisdictions, and...
Information is available online to help businesses prepare for the change in the provincial Harmonized Sales Tax (HST) rate for Oct. 1, 2016. The combined federal and provincial HST rate will be 15 per cent. Transitional rules are required to determine which tax rate will apply...
Shoreline Design Inc. continues to produce world class artisan jewelry and gifts that are enjoyed by both visitors and Islanders alike, while successfully expanding their product line to meet increased demand, says Minister of Economic Development and Tourism Heath MacDonald....