CBRM Tax Incentive for Downtowns and Business Parks

The Cape Breton Regional Municipality (CBRM) has a commercial tax incentive to promote downtown revitalization and business park development. The following development or renovations to commercial property are available: Tax assessment increases of $100,000 or more are eligible for up to ten years of tax reductions Tax assessment increases of less than $100,000 are eligible for up to five years of tax reductions Total tax reduction of up to 50% over the phase-in period are possible

Centre for Women in Business

The Centre for Women in Business (CWB) is dedicated to helping women succeed as entrepreneurs through exposure, connection and learning. This includes providing one-on-one business advice, business skills training, trade missions, networking and a membership program designed to develop and support women in business. The CWB has a dedicated business advisor in Cape Breton with office hours in Sydney, Port Hawkesbury, Port Hood, and Chéticamp, Isle Madam and area.

CIBC Succession Planning

When considering business transition, a plan is key in ensuring you get a good price for your business, finding a good buyer (if selling), and completing a smooth transition to the new owner. A business transition plan has many benefits, regardless of the size of your business and what stage of the business cycle it’s in. An effective succession plan will help you:   Arrange for the tax-effective transfer of your company’s ownership and management Maximize the value of your business before transition Structure a retirement income that meets your needs and maximize your financial security Protect against unforeseen events, including death and disability Accomplish the smooth transfer of your business

Co-operatives Information Guide

Canadian co-operatives operate in a variety of economic sectors such as agriculture, food, social services, retail and wholesale, fishing, energy, recreational services, and financial (including insurance). This information is meant to help entrepreneurs navigate the world of co-operatives. For general information on business start-up, consult the website sections on starting and planning.

Common Good Solutions

Common Good Solutions (CGS) is part consultancy, part educator, part social impact incubator, offering a full range of social enterprise consulting, training and coaching services that support entrepreneurs and organizations from launch to growth, and beyond. Nova Scotia’s first Community Interest Company, CGS devotes 60% of all profits toward its social mission: growing the social enterprise sector in Nova Scotia. CGS and SENNS deliver the impact incubator, support entrepreneurs and organizations in starting or growing a social enterprise.

Community Economic Development Investment Fund (CEDIF)

A CEDIF is a pool of capital raised through the sale of shares that is invested in new or existing local businesses. A CEDIF develops within the community. Any individual or group can form a working group to investigate the possibility of starting a CEDIF in their community. As an investor, benefits to buying shares in CEDIFs include: 35% non-refundable provincial income tax credit on your investment Investments are RRSP eligible The Nova Scotia Co-operative Council offers a turnkey CEDIF development package aimed at simplifying the process for your group to start a CEDIF offering.

Consultant Advisory Services (CAS)

The Consultant Advisory Services program gives CBDCs the ability to offer Consultant Advisory Services to small and medium-sized businesses and not-for-profit organizations. New and existing clients of CBDCs and ACOA will be able to access technical and financial assistance by engaging consultants to assist them with various issues, opportunities and challenges.

Eligible CAS activities include:

Diagnostic Assessment
Business Management Development Practices
Access to Capital
Market Readiness/Export Potential
Specific Studies/Business Plan Mentoring
Aftercare/Mentoring and Follow-up

CRA Checklist for New Small Business

This checklist is for people like you who are starting a business. Using the links below, you can get information about your fiscal obligations and their implications. You can also get information on interactions between your business and the Canada Revenue Agency (CRA).

CRA-Changing Your Business Status

Find out what you should do when you make changes to the structure, status or ownership of your business.

CRA-Payroll Deduction Calculator

Calculate deductions and contributions on employee pay, open a payroll account to send deductions, report income deductions.