Tag Archive for: Startup

Canada is the best country for starting and growing businesses. Here is everything you need to know about starting a business in Canada.


Is it a good idea to start a business in Canada?

Canada is one of the most popular business destinations. As an advanced country with a strong economy and an efficient tax system, Canada provides every opportunity to create and develop a successful business.

What makes Canada so attractive to investors from all over the world? Why is the number of registered companies in Canada growing yearly? Today’s article will give a few reasons to start a business in Canada. Read on!

Tax Exemptions

In some provinces of Canada, such as Ontario and Quebec, it is allowed to create a type of company that is exempt from income tax, subject to certain conditions. This type of company is called an extra-provincial Corporation (EPC).

If a company makes a profit outside of Canada, it is exempt from paying taxes, which can be an excellent solution for many business models. Thus, it is possible to open a business in Canada and conduct and develop it with minimal costs.

Reliable Banking System

The Canadian economy is one of the ten most prominent in the world, and its banking system is considered one of the most reliable and stable. According to the influential Global Finance magazine, six Canadian banks were ranked among the top 50 safest financial institutions by World’s Safest Banks.

By opening a business in Canada with accounts in the country’s leading bank, TD Canada Trust, you become part of a powerful banking system that provides its customers with advanced solutions for preserving and increasing assets and a variety of financial instruments.

An account in a Canadian bank is an essential element of the prestige and reputation of your business in Canada, which can be decisive when making deals with counterparties, participating in competitions for large orders, or receiving various grants.

Friendly Policies

Canada’s policy in the field of interaction with offshore zones is liberal. One of the reasons for this is close contact, including political, economic, trade, etc. with the United States.

The exchange of transactions between Canadian banks and financial institutions operating in most offshore zones of the world is carried out without any restrictions, does not involve any risk, and requires standard justification under the terms of banking services.

Easy Startup Capital

The emergence of the Canadian venture capital fund OMERS Ventures in 2011 changed the game’s rules for the entire venture industry in this northern country. Its emergence stimulated the creation of new funds and the arrival of many US investors with considerable assets to invest in Canadian startups.

Companies that sell their products and services to customers in the US receive similar financial support. It is very beneficial, mainly because the low exchange rate of the Canadian dollar against the US dollar is the most stable in this currency pair. Exchange rate fluctuations over a long period are minimal.

Diverse Talent Pools

The universities in Toronto and Waterloo are home to some of the best engineering schools in North America. Leading US technology companies such as Google and Facebook to hire graduates and employees from there.

Technological development centers of many large Canadian and US companies have been set up here. Here you can find expertise and partners for your current or future projects. It is a very favorable environment for building a large IT business.

Final Words

Canada is a country with a very high level of political and economic stability. It has one of the highest levels of property rights protection. You may not be afraid that your company will experience a raider takeover or unreasonable court decisions by law enforcement agencies. Until Next Time!


  • Article based on personal opinion, experience and research.
  • Photos from Unsplash & canva.
Best Finance Startups in Toronto

What are the best finance startups in Toronto? What type of services do they offer? Here is everything you need to know about these companies!


Best Finance Startups in Toronto

Finance companies in Toronto follow an innovative approach and incorporate the latest technologies to streamline financial services and make them more accessible to the public and businesses.

These companies offer various services, including investments, savings, loan processing, and digital solutions. Let us give you a list of the best finance startups in Toronto. Read on!

Coinsquare

Coinsquare is a cryptocurrency trading platform. It allows users to sell, buy, and trade digital assets. Users can deposit funds through bank wire transfer and trade multiple cryptocurrency pairs.

In addition, it provides market data related to cryptocurrencies and digital assets. It allows users to transfer funds from their wallets to other users. It also allows users to view the history of past transactions and transfers. The app is available on Android and iOS platforms.

LEDN

LEDN is a lending platform using blockchain and cryptocurrency. It offers loans secured by bitcoins. The company provides an independent wallet address with real-time confirmation of the reserve on the chain.

The company also offers loans to individuals and businesses at a low-interest rate. It enables enterprises to leverage the power of technology, increase their revenues, and improve their company’s bottom line.

Fresh Books

Fresh Books offers accounting software and cloud-based billing for businesses. It has various solutions for bookkeeping, invoicing, timekeeping, project management, online payments, financial reporting, expense management, and more. Small businesses, freelancers, and small teams use the company’s platforms to improve their financial stability.

Loopio

Loopio offers a contract management solution for businesses. It provides companies with tools to automatically create and exchange contracts with potential clients. The company’s RFP Software product provides solutions for content management, collaboration, and automation of RFPs.

Moreover, it allows users to aggregate and organize content, set up content validation, assign tasks, and track team progress. Its product, Proposal Management Software, provides solutions for proposal creation and development. It lets you create and develop interactive and updatable proposals.

League

The League offers a SaaS digital platform for employee benefits. The platform allows employers to easily manage their benefits programs and provide health care services to their employees.

The web-based application allows the creation of individual medical expense accounts and tracks employee usage. It also provides personalized offers for employees provided on-site by leading healthcare providers.

KOHO

Koho is an online bank for individuals. It offers deposit accounts, savings, and NFC-enabled prepaid cards for online and offline shopping and other services. You can track your spending and savings.

In addition, it categorizes expenses paid with the card. It has a saving module that automatically saves money and helps users save money. The company’s platform is available for Android and iOS devices.

Final Words

Finance startups in Toronto simplify financial transactions for individuals and businesses, making them more accessible and affordable. In addition, these companies provide AI, big data, blockchain technology, and related services to businesses and ensure the security of their financial data.


  • Article based on personal opinion, experience and research.
  • Photos from Unsplash & canva.

It’s my 2 into my entrepreneurial adventure and it has been an exciting, but deeply challenging journey.

When you set out on a journey like this, you get called bold, crazy, adventurous, even foolish! Often by the people closest to you.

And that’s before you even start.

Yet, with all the discouragement and difficulty, some of us succeed and go on to live lives infinitely happier than they were before.

So what makes an entrepreneur successful?

Quitting you job is the easy part. Making the first few changes is easy. Fun even! But starting out as an entrepreneur is often a 24/7 job and that gets tough.

Of the many people I know who left their 9-5 job to start their own thing, few lasted longer than a year. Even fewer eventually reached success.

Part of that is due to the market today. Virtually everything is saturated. Strategies for innovation that worked 10 years ago aren’t relevant anymore.

But then, if it were easy, everyone would do it.

So why do we still try? Because it’s exciting. It’s fun. It’s adventurous. It’s leaving behind the drudgery to build our dreams! And ultimately, success is possible.

If you’re thinking of leaving your 9-5, ask yourself if you have what it takes. Here are 5 hard truths about what you will need to succeed:

1. Motivation, Determination and Curiosity

This is the trifecta of entrepreneurial drive. You need all 3 if you’re going to succeed.

If you’re motivated only by money, or have only a curiosity for a new technology, stay in your 9-5.

One of the toughest moments for new entrepreneurs is when the full realization of not having a regular paycheck hits you. And it hits hard. When it does, you will have some tough decisions to make.

Forget the Caribbean vacation. It’ll be a backyard vacation. Or no vacation at all because you run the show at your new venture. You are the show.

You will have to start watching your spending, even for necessities. Budgeting will become a way of life.

There will be times when months pass with no money coming in and plenty going out.

In fact, money now goes out like never before. You have legal fees, financial fees, contractors, service fees, business expenses and more.

If you are looking at entrepreneurialism as a quick get rich plan, look again. It isn’t.

Starting your own company is a multidimensional school; a university of thought and training.

It is an ‘in the trenches’ education on what true responsibility looks like.

To go through these tough months, or even years, you need a lot of motivation. You need to be determined. Your curiosity has to stay fresh and vibrant. You need grit.

Giving up is easy. And there will be times when that easy way out looks really tempting. You won’t have money for physical rewards, so what will keep you going?

If you stick it out, there will come a time when you can look back and see, with clarity, how and why you got through it. Following through won’t make sense at the beginning. But a successful entrepreneur will do it anyway. Maybe there’s something to calling us “crazy” after all ;-)

2. The Will to Learn

What do I mean by this?

You have to look at everything – EVERYTHING – from a learning perspective. That’s how you make it through to the end.

If you look at things from this perspective, you will always see more to an experience than what is happening in the moment. There is more than the hardship or the disappointment. There is no failure. There is only a lesson. And a valuable one.

Imagine dealing with a really tough client. The struggle of working with them is a lot for what you’re being paid. (Spoiler alert: this scenario will come up a lot.) You won’t get through it if you only look at the monetary value of the experience. You have to look at the knowledge and experience you’re gaining as part of the package.

3. Partner & Mentors

This, for me, is the most important thing.

The right mentors and partners are critical. Not only because of the financials, the lessons and wisdom, but for the support. You will need a lot of it.

Having the right advice at the right time is priceless. Sometimes, advice from an ‘expert’ is not the right advice for you. Advice from someone who knows you, your business, your goals, your strengths and weaknesses… that advice is invaluable and goes a long way.

To succeed you need smart, trustworthy people around you, either as mentors, partners or both.

If you are fortunate enough to have a co-located partner to share office space with, even better. When you leave a 9-5 you gain freedom, but often lose discipline. With the right partner, you can keep each other in check.

4. Positive Attitude

Shit happens! Honestly, everyday it’s something else. Having a positive attitude isn’t about sunshine and rainbows. It’s about keeping your head on straight and focusing on solutions, not problems.

Don’t spend your days concentrating on problems, email overload, bottlenecks and troubleshooting. Instead, concentrate on the possibilities. The potential. The solutions and opportunities. Concentrate on the positive at all times. Learn. Get better. Move forward.

Work hard, but celebrate harder.

Don’t let time pass without enjoying it. Remember why you started this crazy journey in the first place.

5. Vision & Discipline

The dream! Your dream! That’s what drives you. That’s what will get you through the hardest times.

But a vision without discipline is just fanciful thinking. Keep your eye always on that beautiful light at the end of the tunnel. But if all you do is look at it, it’ll dim. You have to keep pushing towards it for it to get bigger and brighter.

I was working with a client recently. After months of failed attempts to launch a product line due to operational issues, he looked at me and said, “Is this struggle necessary?” I looked back and said, “What could be more necessary?”

Dreams and visions are so important for an entrepreneur. At one point, your dream will be the only thing that keeps you going. Never take your eye off it.

Takeaway:

Before leaving your day job, consider these hard truths. If you are ready for them, if your heart is still driving you to become an entrepreneur, then be crazy. Do it.

Image Source: Montreal Tips