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Women in Business and Politics

Discussion at Vancouver Board of Trade

Date: June 2014

Kerry-Lynne D. Findlay, Minister of National Revenue took part in panel discussion devoted to the role of woman in business and politics. She outlined and approved actions of Canadian Government towards reducing red tape and promoting small business all over Canada. During the discussion initialized by the Vancouver Board of Trade Kerry-Lynne D. Findlay had a chance to express her thoughts concerning “Women in Politics: Reshaping the Landscape.”

Together with other attendees of the Vancouver Board of Trade event Minister Findlay talked over the importance of women in business world and difficulties they have to experience as employers, private entrepreneurs, state officials, etc.

The Economic Action Plan 2014 offers new opportunities for small business. In addition to facilitating the developments of services provided by small enterprises and companies, it suggests introducing a few procedures to increase time efficiency. According to this plan, the businesses will be able to empower their representatives as well as to update deposit and bank information online. Red tape reduction is one of the main things the Economic Action Plan 2014 is aimed at, since all the paperwork distracts businessmen from doing their work. The Canada Revenue Agency collaborates with small business representatives and provincial governments to promote several serious projects, such as Business Number, Registration of Tax Preparers Program and newly launched Liaison Officer Initiative.

Interesting Information

After the Red Tape Reduction Commission had received business claims about over 1,100 irritants, the CRA has planned ways to lower or remove the compliance burden each of the irritants impose.

According to the Statistics Canada and Status of Women Canada the number of self-employed women has grown nowadays. For example, in 2009 it amounted to 11.9% of all the employed women, while in 1976 it was equal to 8.6%.

BMO Financial Group says that the amount of personnel in Canadian companies and enterprises owned by women presently exceeds 1.5 million people.

The Women’s Day Study conducted by BMO Financial Group in 2012 showed that nearly 71% of women in Canada wanted to initiate their own business, while 83% said that it would be much easier to achieve success if they saw a real example to follow or had a mentor by their side.

Over the last years the number of small and mid-sized businesses owned by women has increased exponentially. Currently such businesses employ 570 thousand Canadians, while 2.6 million work at companies, where women have some ownership interests.