BDC - The Bank for Canadian Entrepreneurs | BDC.ca
WEBUnleash the full potential of your business and bring your ambitions to life. We are BDC, the Business Development Bank of Canada and the financial institution devoted to Canadian entrepreneurs. We help create and develop strong Canadian businesses through financing, advisory services and capital, with a focus on small and medium-sized enterprises.
Business loans and business financing | BDC.ca
WEBSmall business loan Get up to $100K for small projects; Working capital loan Protect business cash flow; Equipment loan Upgrade machinery or equipment; Commercial real estate loan Buy or renovate facilities; Loan for tech equipment Buy new hardware or software; Loan for tech companies Find financing adapted to your revenue model; Business purchase or transfer loan Pave the way for a smooth ...
The 5 most common pricing strategies | BDC.ca
WEBCost-plus pricing. Calculate your costs and add a mark-up. Competitive pricing. Set a price based on what the competition charges. Price skimming. Set a high price and lower it as the market evolves. Penetration pricing. Set a low price to enter a competitive market and raise it later. Value-based pricing.
How to choose the right structure for your business - BDC
WEBHere’s a summary of the pros and cons of the three business structures. Sole proprietorship. Partnership. Corporation. Legal status. Does not exist as a separate legal entity. Proprietorship = ownership. Does not exist as a separate legal entity. Partnership = partners as owners.
Canada Digital Adoption Program (CDAP) | BDC.ca
WEBFeb 19, 2024 · The Canada Digital Adoption Program (CDAP), by Innovation Science and Economic Development Canada (ISED), helps small and medium-sized enterprises (SMEs) adopt digital technologies. Businesses with a signed grant agreement to CDAP’s Boost Your Business Technology stream prior to February 19, 2024 may be eligible to receive a grant 2 to build ...
A simple guide to tax deductible business expenses - BDC
WEBSupplies. You can deduct the cost of items that your business used indirectly to provide goods or services. For example, drugs and medication used in a veterinary operation, or cleaning supplies used by a plumber. Business tax, fees, licences and dues. Tax, fees, licences and dues are deductible, but you can’t deduct club membership dues ...
What is a letter of credit? | BDC.ca
WEBA tool for minimizing risk in international trade. A letter of credit is essentially a financial contract between a bank, a bank's customer and a beneficiary. Generally issued by an importer’s bank, the letter of credit guarantees the beneficiary will be paid once the conditions of the letter of credit have been met.
Payroll Deductions—The Basics for an Employer | BDC.ca
WEBSteps for new employers. New employers must first open a payroll program account in order to remit deductions to the CRA. Next, the employer will have to ask the employee to provide his or her social insurance number and complete Form TD1—Personal Tax Credits Returns. Payroll deductions belong to the government, and the amounts collected must ...
How do I take advantage of capital cost allowance? | BDC.ca
WEBSince it was purchased for $20,000 before taxes, $8,000 of CCA can be deducted from the company’s taxable income in the first year (after which the other rules mentioned below must be followed). Then, in the second year, the amount deducted will be 40% of $12,000 (or $4,800) and so forth.
Business plan vs. strategic plan | BDC.ca
WEBCôté further explains the differences between the two plans: while the business plan lays out how the business is run from day to day, the strategic plan focuses on how you will achieve specific initiatives to develop your business. Every successful business need both a strategic and a business plan. Here’s what each one covers.