Truth, reconciliation & entrepreneurship: Amplifying the voices of Indigenous founders
In September, communities across Canada mark National Day for Truth and Reconciliation. It is a time to reflect on and learn from a difficult history and take action to advance reconciliation. At Futurpreneur, we proudly support the Truth and Reconciliation Commission of Canada’s Call-to-Action #92, focusing on Indigenous economic empowerment.
We believe entrepreneurship is a transformative tool for Indigenous self-determination and economic reconciliation, fostering growth and prosperity. The Indigenous Entrepreneur Startup Program (IESP) was created to support young Indigenous entrepreneurs as they build businesses that reflect their values and contribute to thriving communities.
To better understand the role of entrepreneurship in advancing reconciliation, we spoke with three young Indigenous entrepreneurs supported by Futurpreneur. We asked them to share their personal and professional journeys and how their businesses are contributing to a stronger future for their communities.
Finding purpose and pride in entrepreneurship
Branden Bruyere, who is from Biigtigong Nishnaabeg (in Northwestern Ontario), is the founder of Giniw Printing Co., a side business he runs alongside his full-time work with the Pic River Development Corporation. He started his business after recognizing a gap for local printing services in his community.
“I had a vision for my business, but I needed support to make it a reality,” Branden says. “Futurpreneur’s loan financing gave me the capital I needed, and the mentorship has been a huge resource when challenges come up.”
Giniw Printing Co. has already grown beyond Branden’s expectations, and he takes great pride in serving local First Nation bands and businesses, as well as nearby Pukaskwa National Park. His dream is to grow the business to a full-time operation that provides employment and opportunities for his community.
For Branden, truth and reconciliation means moving forward together to build lasting, respectful relationships between Indigenous and non-Indigenous communities. It is about honouring the struggles of ancestors while also walking with pride today.
“I have seen how important it is to work side by side and support one another, and I want to continue growing those lasting relationships in both business and community,” he says. “It means sharing traditions and celebrating each other’s successes. Friendship grows when we cheer for one another.”

From a personal journey to a mission to empower
Jacinda Belisle, an Ojibwe woman with ancestry from Batchewana First Nation in Northern Ontario, is the founder of Lilies Pages, a planner and stationery brand. The business was born during a financially and emotionally difficult time in her life.
“Everything pointed back to planning, but I couldn’t find the right tools to organize my thoughts, goals and next steps,” Jacinda says. “What started as a personal need became a business that helps others find clarity and purpose through beautifully designed planners and tools.”
For Jacinda, truth and reconciliation is deeply personal. She reflects on what her grandmother, a residential school survivor, endured, and the “what ifs” of a culture lost to shame.
“Truth and reconciliation means acknowledging those painful truths and working toward healing and restoration,” she says. “While Lilies Pages is not inspired by Indigenous women specifically, it is built on the belief that every person has a story worth telling. In that way, it contributes to reconciliation by helping people reconnect with themselves and their values, including cultural identity when that’s part of their journey.”
Jacinda wants to share a message of empowerment with other Indigenous entrepreneurs. “Your story matters. Your voice is powerful. You don’t need to fit a mold — your path is valid, and your culture is a strength.”

Healing intergenerational trauma through business
Dr. Sadie Laronde is an Anishinaabe Ojibwekwe from Teme-Augama First Nation. She is the founder of The Effect Healing Collective, a trauma-informed healing centre in Ottawa. Her vision is to decolonize healthcare by blending chiropractic care with a wholistic, Indigenous worldview.
“I recognized the limitations of conventional, extractive healthcare models,” she says. “Inspired by my own healing journey and cultural teachings, I launched The Effect Healing Collective to bring accessible, collaborative and culturally grounded care to my community.”
For Sadie, truth and reconciliation is a path to reconnecting with our collective humanity. In her business, it shows up as creating a decolonized healthcare model, centering values of equity, community and cultural safety. She encourages Indigenous youth to see their cultural knowledge as strength.
“Entrepreneurship has the power to advance truth and reconciliation by demonstrating Indigenous ways of doing business, ways that are grounded in respect, reciprocity and sustainability,” Sadie says. “My hope is that others see entrepreneurship not only as a path for personal success, but also as a way to repair relationships, build generational wealth and strengthen our communities for the future.”

Entrepreneurship as an act of reconciliation
Futurpreneur is honoured to walk alongside entrepreneurs like Branden, Jacinda and Sadie. Their stories illustrate the power of entrepreneurship as a tool for self-determination and economic reconciliation.
Holly Atjecoutay, Futurpreneur’s Head of Inclusive Impact and Director of Indigenous and Northern Entrepreneurs, reflects on this deeply personal connection. “Historically, Indigenous economies were egalitarian, independent and flourishing, akin to modern-day entrepreneurship,” she says. “These ways were lost with colonialism. Indigenous Peoples possess a blood memory of entrepreneurship; it comes naturally to so many Indigenous youth.”
“At the foundation of Indigenous economic prosperity and reconciliation is entrepreneurship. We are witnessing the revitalization of Indigenous economies, reclaiming our sovereignty and space within the broader Canadian economy. Our all-Indigenous team works alongside young Indigenous entrepreneurs, building tailored programs and connecting them to valuable resources and supports.”
Starting your business journey
The stories of these entrepreneurs show that businesses are more than a service or product. They are a reflection of culture, resilience and hope.
The Indigenous Entrepreneur Startup Program (IESP) provides start-up loan financing and up to two years of mentorship, supported by an Indigenous team, offering access to tools and networking.
If you are an Indigenous entrepreneur, ages 18-39, anywhere in Canada interested in starting, buying or growing a business, you can learn more about a loan with mentorship and resources from the Futurpreneur Indigenous Entrepreneur Startup Program. Click here to learn more.
Sustainable fashion finds a new home in Corner Brook: Futurpreneur Roshayne Mendis’s success story
At the forefront of sustainable fashion, Contour Clothing Boutique is the first North American brand to offer complete end-to-end transparency in its design and production process. Founded and designed in Newfoundland and Labrador, Contour is redefining what it means to dress with purpose—meticulously curating upcycled fabrics, collaborating closely with ethical offshore manufacturers, and prioritizing environmental responsibility at every stage. We sat down with founder Roshayne Mendis to explore the vision, values, and journey behind the brand that’s making eco-conscious fashion both stylish and meaningful.
1. Please tell us about yourself and your experience as a newcomer entrepreneur in Canada.
My name is Roshayne Mendis, founder and creative force behind Contour Clothing Boutique in Corner Brook, Newfoundland & Labrador (NL). My journey to Canada began in 2018, when I arrived to pursue a master’s degree; today, I’m proudly advancing my academic career with a PhD at Memorial University’s Grenfell Campus. Alongside my academic and entrepreneurial journey, I’m also the proud mother of a spirited and joyful 3-year-old who brings laughter into my everyday life. I love being an entrepreneur, a mother, and a lifelong creator.
2. Please tell us about your business, its origin story, your mission and vision.
Before moving to Canada, I spent over seven years in the apparel manufacturing industry, working as a Designer and Product Development Manager. After settling into my new life, I began exploring ways to reconnect with my creative roots and apply my industry experience—all while navigating the early stages of motherhood. Although the pandemic brought unexpected challenges and delays, it also offered a rare pause, allowing me the space to reflect, and ultimately reignite my passion for fashion and purposeful design.
Contour Clothing was born out of a desire to create sustainable, versatile fashion that aligns with my values: sustainability and eco-conscious fashion. My brand focuses on timeless pieces that can be styled in multiple ways and worn for different occasions—from office wear to dinner—embracing the concept of “Desk to Dinner.” I want people to rethink how they shop for clothing by choosing pieces that offer both value and versatility.
One of the biggest challenges I faced when starting my business was the high cost of importing fabric, due to the limited number of textile manufacturers in Canada. I was fortunate to receive early support through a loan from Futurpreneur and a Women’s Enterprise Organizations of Canada (WEOC) loan from Newfoundland and Labrador Organization of Women Entrepreneurs (NLOWE), which helped me lay the foundation for Contour Clothing.
Another significant hurdle for newcomer entrepreneurs is building a professional network. While I have a strong support system in Sri Lanka, establishing brand recognition in Canada takes time, persistence, and consistent outreach. As a newcomer, it can also be difficult to gain trust—many are hesitant to collaborate with or invest in unfamiliar brands. Despite these obstacles, I remain committed to growing a community that uplifts women and empowers newcomer entrepreneurs across Newfoundland and Labrador.
3. What inspired you to start your own business in Canada?
Driven by a deep passion for textiles and product development, I felt a strong calling to apply my knowledge and experience in a meaningful way. I recognized a clear gap in the market for sustainable designer wear that blends elegance with everyday practicality—and that insight became the catalyst for launching my own brand. I wanted to create clothing that not only looks beautiful but also aligns with conscious living and modern lifestyles.
4. What are some of your biggest wins since launching your business?
One of my proudest moments was launching my store with the support of The Shop, Salt. Emily and Lauren have been incredibly encouraging, especially toward new entrepreneurs. I’ve also collaborated with local businesses such as Sea Salt and Twig and JR Fashion Designs to feature their jewelry and fashion in my store. I strongly believe in supporting fellow designers and makers in any way I can.
But above all, my greatest achievement has been the connections I’ve built with my customers. The long, heartfelt conversations and their ongoing support remind me every day why I do what I do.
5. How did Futurpreneur support your entrepreneurial journey?
Starting a retail business is costly, especially when setting up a physical store. I needed fixtures, lighting, renovations, and initial stock to launch successfully. The $25,000 loan I received from Futurpreneur helped me convert my online store into a brick-and-mortar location. It was a major stepping stone and an absolute blessing.
6. What advice would you offer to newcomer entrepreneurs starting their businesses in Canada?
If you have a great idea, believe in it and start. It may or may not work out, but failure is never final, it’s just part of the journey. Each step helps you gain experience and grow. Reach out to fellow entrepreneurs in your community and be open to partnerships. Especially in places like Newfoundland and Labrador, we need stronger entrepreneurial networks that uplift and support one another. I also work as a startup advisor for NLOWE, a great organization that supports women entrepreneurs.
7. What’s the most important thing you’ve learned about yourself as an entrepreneur?
The journey is tough, but resilience is everything. I’ve come to understand the power of perseverance and confidence. I have a toddler at home who looks up to me, and every day I remind myself that I’m showing him how to dream big, work hard, and never give up.
If you are a newcomer entrepreneur like Roshayne, click here to learn more about Futurpreneur’s My Canadian Startup program presented by TD Bank.
Igniting ambition: How Futurpreneur’s Women in Entrepreneurship Initiative is empowering young women founders across Canada
Everywhere in Canada, young women are turning their ideas into businesses that change lives. Whether it’s a new product designed at the kitchen table or a bold service launched in their community, women entrepreneurs are building a stronger future for Canada. Yet, too many face barriers, not by lack of talent or ambition, but because of systemic challenges that hold them back.
Research from the Canadian Chamber of Commerce highlights a higher-than-average share of “missing women entrepreneurs”—women who could be contributing to the economy if not for gender-based and intersectional barriers. The estimated loss of 710,000 women entrepreneurs over the past decade represents up to $180 billion in unrealized economic impact.
This is not just a social issue; it’s an economic opportunity. That’s where Futurpreneur comes in. With the support of TD, we’ve launched the Women in Entrepreneurship Initiative, a program designed to help women founders across Canada access the financing, mentorship and community they need to succeed.
Why supporting women entrepreneurs matters in Canada
The Women Entrepreneurship Knowledge Hub (WEKH) reports steady progress: in 2024, 19% of all businesses in Canada were majority-owned by women, up from 18.4% in 2023. It’s encouraging momentum, but far from enough.
Small and medium sized businesses make up 98% of all Canadian businesses. If more women could fully participate, imagine the growth, possibilities and inclusive prosperity that would follow. Supporting women entrepreneurs isn’t just the right thing to do, it the smart thing to do for Canada’s future.
Futurpreneur’s track record of impact
At Futurpreneur, we know what’s possible when women have the right support. In FY2025, 43% of the businesses we supported were women-led. That’s 2.4 times higher than the Canadian average.
This success shows what happens when barriers are removed and women are given access to financing, mentorship and resources. Thousands of women founders have launched businesses with Futurpreneur, creating jobs, strengthening communities and contributing to inclusive economic prosperity across Canada.
The Women in Entrepreneurship Initiative builds on this success, ensuring even more women have the tools, knowledge and confidence to thrive.
About Futurpreneur’s Women in Entrepreneurship Initiative
Officially launched in Toronto on Sept. 10, 2025, and presented by TD, the Women in Entrepreneurship Initiative is designed to help young women founders start and succeed. It complements Futurpreneur’s proven model of financing up to $75,000 paired with two years of mentorship and tailored programming built around three key pillars:
Networking events: Opportunities to connect with coaches, mentors, business leaders and fellow women entrepreneurs
Peer-supported communities: Safe, collaborative spaces to share experiences, insights and encouragement
Capacity-building workshops: Practical training on financial management, marketing, international expansion and raising capital.
This holistic approach ensures women entrepreneurs in Canada can build businesses with confidence and resilience.
A conversation with Mona-Lisa Prosper
To help us learn more about this exciting new program, we sat down with Mona-Lisa Prosper, Senior Director of Community Engagement at Futurpreneur.
Q: What is the purpose of Futurpreneur’s new Women in Entrepreneurship Initiative and why is it so important right now?
A: Women entrepreneurs are resilient and innovative, yet they still face barriers that men often don’t, whether it’s access to financing, mentorship or technology adoption. We know from research and our own experience that women, particularly those from diverse backgrounds, continue to encounter roadblocks to business success. By offering a dedicated program, we’re accelerating women’s success and addressing those gaps. When women thrive, communities thrive.
Q: What sets Futurpreneur apart in supporting women entrepreneurs?
A: Since 1996, Futurpreneur has helped more than 20,000 entrepreneurs across Canada start, buy and grow their businesses. Our impact with women entrepreneurs is especially significant: in FY2025, 43% of the businesses we supported were majority women-owned – 2.4x higher than the national average. That shows our approach works.
We’re also national, bilingual and deeply connected in communities coast to coast. Our long-standing partnerships with TD through the TD Ready Commitment has enabled us to offer programs like My Canadian Startup for newcomers. Together, with this Women in Entrepreneurship Initiative, we’re aiming to connect 1,500 women founders with the resources and communities they need to succeed.
Q: What is your vision for the future of women in entrepreneurship?
A: I want every woman with a business idea to know that she belongs here. This initiative is about equipping women not only to start or buy businesses, but to lead with confidence, create jobs and strengthen communities across Canada. I see a future where women’s entrepreneurship is not the exception but the expectation.
How to join the Women in Entrepreneurship Initiative
If you are woman between the ages of 18-39 with a business idea or even just a spark of one, Futurpreneur is here for you. With financing, mentorship, networking and workshops tailored to women, this initiative is designed to help you move from idea to action.
Learn more about the Futurpreneur Women in Entrepreneurship Initiative presented by TD and discover how Futurpreneur can help you launch and grow your business.
Frequently Asked Questions (FAQ)
Q: What support does Futurpreneur provide for women entrepreneurs?
A: Loan financing of up to $75,000, two years of one-to-one mentorship, plus networking, peer support, and workshops through the Women in Entrepreneurship Initiative.
Q: Who is eligible to apply?
A: Women entrepreneurs aged 18–39 across Canada who are starting, buying, or growing a business.
Q: How does Futurpreneur compare to national averages?
A: In FY2025, 43% of the businesses supported by Futurpreneur were women-led – 2.4x higher than the Canadian average of 19%.
Q: How do I get started?
A: Visit our home page to learn more about the process. Our team is here to support you, every step of the way.
Your time is now
Your idea matters. Your vision matters. And your time is now. Futurpreneur’s Women in Entrepreneurship Initiative, presented by TD, is here to help you take the first step. With mentorship, financing, and a community that believes in you, there has never been a better moment to start your entrepreneurial journey.
Join Futurpreneur’s Women in Entrepreneurship Initiative presented by TD, today, and turn your ambition into action.
Radiant ambitions: Oumar Bah’s journey to revolutionize skincare
For Oumar Bah, his entrepreneurship journey started early.
Growing up, he spent his time in two very different places—his mom’s pharmacy and his dad’s construction sites. One was about care and healing. The other was about building from the ground up. Together, those experiences shaped a big dream: to create his own line of skincare products.
“I always wanted to learn how to make skincare,” Oumar says. “Helping my mom in her pharmacy and watching her create solutions for skin problems really stuck with me. I knew I wanted to do something like that too.”
Today, that dream has taken shape through Cosmepharm, a Cowansville, Quebec-based family-run business that manufactures and distributes dermocosmetic products. Their signature line, Radiant Skin, stands out for its multitasking formulas. “Each product of our brand addresses multiple skin issues in a single product,” Oumar explains. The result? High-end skincare that remains accessible and affordable compared to competitors.
But even with strong products, Oumar knew there was a missing piece. “Our biggest hurdle was marketing,” Oumar explains. “We didn’t have the experience, and the costs can add up quickly. We also didn’t know how to use digital marketing to turn interest into sales.”
To tackle these challenges, Oumar joined the Futurpreneur DIY Marketing program, sponsored by Empower by GoDaddy.
The program included:
- Live expert-led training with marketing coach Fortune Ibare-Jones
- Flexible self-paced modules to fit busy entrepreneurial schedules
- A focus on tools like AI, SEO, and social media to grow online presence
- A $1,000 marketing grant to help put strategies into action
This flexible mix of live coaching and self-paced learning helped Oumar and other participants to build a marketing plan that truly fits their business’ needs.
“The program showed me how to refresh our branding across our website and social media. It also taught me how to use SEO keywords to stand out online.”
Oumar also discovered new ways to work smarter: “We learned how AI tools can make us more effective and boost productivity without breaking the budget.” With this fresh knowledge, he plans to use email marketing, retargeting, and online communities to convert more prospects into customers.
And he’s not doing it all alone. “We will entrust social media management to digital marketing specialists to make sure our message is clear and consistent.” Thanks to the $1,000 grant awarded after completing the program, Oumar is ready to put these new strategies into action.
Looking ahead, Oumar’s vision for Cosmepharm is both ambitious and grounded: “In the coming years, we want Cosmepharm to become a local and international reference in dermocosmetics—known for reputation, quality, solutions, and innovation.”
But it’s not just about business growth. Oumar is also passionate about giving back. “We want to help fund community organizations that support mental health and other causes like ADHD,” he shares.
To anyone just starting out, Oumar delivers this message: “Believe in yourself, empower yourself, and unleash the entrepreneur within. The entrepreneurial journey is full of ups and downs, but through the storms, you build yourself.”
Looking to start, buy or grow your business?
The Futurpreneur Black Entrepreneur Startup Program (BESP) could be your gateway. Along with financing and one-on-one support, you’ll also gain access to exclusive programs— like the DIY Marketing program, sponsored by Empower by GoDaddy that helped Oumar take his brand to the next level.
Learn more about how BESP can help bring your entrepreneurial vision to life today, here.
Thriving in a new land: Winning attitudes of immigrant entrepreneurs
Earlier this July, I had the privilege of co-hosting a regional workshop with my colleagues at Futurpreneur, organized as part of the My Canadian Startup initiative, supported by the TD Ready Challenge. This initiative aims to help newcomer entrepreneurs better understand and navigate Canada’s entrepreneurial ecosystem.
One of the day’s highlights was an inspiring panel discussion with Princess Irabor, representing Thrive in Canada, Tavleen Deol (Oxygen Yoga & Fitness), and Yuka Katahira (Yuka’s Japanese Bakery).
- Thrive in Canada is dedicated to helping immigrant entrepreneurs reach their full potential in North America.
- Tavleen and Yuka, two newcomer entrepreneurs to Canada, successfully launched their businesses thanks to Futurpreneur’s financial support and mentorship.
Listening to their stories, one realization stood out: succeeding as a newcomer is not just about having a great business idea, it’s about adopting the right mindset and attitude.
So, what are the key principles they shared? Here are three powerful lessons that can transform not only your entrepreneurial journey but also your integration into a new country.
1. Build your network: The key to your success
The panellists emphasized that in a country like Canada, relationships and connections can open doors much faster than a résumé ever could.
Princess Irabor highlighted the importance of building strong ties with local communities and organizations. Tavleen spoke about the impact of her Futurpreneur mentor, and Yuka shared how her local network was instrumental in growing Yuka’s Japanese Bakery.
The message is universal: no one succeeds alone. Your network is your gateway to opportunities, knowledge and trust, no matter where you live.

2. Show up, even when you don’t feel ready
This is a piece of advice I strongly relate to. As a professional immigrant, I vividly remember my early days attending networking events. I often felt I didn’t belong, sometimes even invisible. But I quickly realized that just showing up, introducing myself, engaging in conversations and making connections was a powerful first step.
In any entrepreneurial ecosystem, connection is more than a tool, it’s a catalyst for success. It allows you to exchange ideas, learn, refine your vision and above all, identify the right people to grow with.
I like to illustrate this with the 1-10-100 rule. Not the one often referenced in project or quality management, but a version I first learned over 20 years ago during my studies at the Institut de Gestion de Rennes with Professor Gérard Cliquet:
- 1: the entrepreneur, driven by strong motivation
- 10: the first 10 collaborators or partners
- 100: the first 100 customers
These two circles, partners and customers, are the real engines of entrepreneurial growth. And it is through building authentic connections that these essential foundations come to life.
3. Get comfortable with being uncomfortable
One of the workshop’s most memorable moments was the informal pitch session we introduced. There was almost nothing to win, just a small symbolic prize. The goal wasn’t competition, but rather to give newcomer entrepreneurs a chance to share their ideas with the audience and create genuine connections.
The discomfort was real: fear of speaking “imperfect” English, struggling to find the right words, or feeling judged. Yet, each participant took the leap. This wasn’t a public speaking contest but a moment of authenticity, honest dialogue and intentional connection.
This perfectly captured what Princess, Tavleen and Yuka emphasized: success is built in moments where you embrace vulnerability and discomfort. Growth happens when you dare to step forward.
A message that resonates beyond Canada
As a professional immigrant myself, I truly resonate with this advice. These lessons are not just for entrepreneurs, they are powerful keys for anyone trying to build a life in a new country, culture or environment.
Building relationships, showing up and embracing discomfort are universal strategies for success. Wherever you are, they can transform your journey.
An organization committed to leaving no young entrepreneur behind
Supporting entrepreneurs has always been my passion. I am honoured to be part of Futurpreneur, an organization with strong, inclusive values that is committed to ensuring no one is left behind.
If you’re a newcomer entrepreneur ready to take the next step, learn more about Futurpreneur’s My Canadian Startup initiative.
Serge-Richard Petit Frère is Futurpreneur’s Bilingual Director, Entrepreneurship Programs located in Montreal. He has forged his career with a deep dedication to business mentoring and project development, driven by his passion for entrepreneurship. His academic journey, notably his specialization in small and medium-sized enterprise management, and his master’s degree in Entrepreneurship and Project Development from the University of Rennes I in France, have been fundamental pillars in his professional journey.
Serge-Richard recognizes the importance of his experience as a former executive in financial institutions supporting businesses, along with his entrepreneurial background in Haiti. These experiences have deepened his comprehension of business challenges and growth opportunities.
Launched with Pride: A Q&A with 2SLGBTQIA+ Futurpreneurs Jackie Toner and Christina Owczarek
Pride Season is a time to uplift and celebrate the voices, identities and contributions of 2SLGBTQIA+ communities — including the bold and brilliant entrepreneurs breaking barriers and building businesses on their own terms.
In Canada, 2SLGBTQIA+-owned businesses contribute an estimated $22 billion to the economy and employ more than 435,000 people. According to the Canadian Gay and Lesbian Chamber of Commerce, there are over 100,000 such businesses across the country. Yet despite their significant impact, these entrepreneurs continue to face barriers: less than 1% of venture capital funding goes to 2SLGBTQIA+ founders, and nearly half say they’ve felt the need to hide their identity in business settings.
At Futurpreneur, we proudly support diverse founders every day of the year. This Pride Season, we’re spotlighting two inspiring 2SLGBTQIA+ entrepreneurs who are building more inclusive spaces through passion and purpose:
Jackie Toner, Founder of The Woods(wo)man, is carving out space — literally and figuratively — for creativity, representation and inclusion in the traditionally male-dominated world of woodworking.
Christina Owczarek, founder of XhAle Brewery, believes in “making the world a better place one pint at a time.” Through her craft beer business, she’s brewing more than just world-class ales — she’s cultivating connection, community and celebration in every sense.
Read on as Jackie and Christina share their journeys as 2SLGBTQIA+ entrepreneurs, the inspiration behind their businesses and what Pride means to them.
What does Pride Season mean to you personally and professionally as an entrepreneur?
Jackie: Pride Season is a fine line. On one hand, it’s powerful to be seen and celebrated — but on the other, 2SLGBTQIA+ folks don’t stop existing the other eleven months of the year. Meaningful support means also showing up when it’s quiet. That said, I really listened to my community and realized I was missing something in my own offerings — representation. So, I launched a Pride Collection that reflects 2SLGBTQIA+ identities not just as a moment, but as something folks can carry with them year-round.
Christina: It’s Pride all year for us. It is a special month, but we do the work all year round. We are social ventures, loud advocates and intentionally take up space 12 months a year. We participate, support and work with other 2SLGBTQIA+ organizations, non-profits and businesses ongoing as part of our core values and community strengthening efforts. Unfortunately, we have also been pushed out of spaces during Pride because we can’t supply monetary transactions or support like other craft breweries who aren’t minority representation owned and run.
What have been some of the unique challenges or breakthroughs you’ve encountered as a 2SLGBTQIA+ entrepreneur?
Jackie: Running Woods(wo)man Woodworking as a 2SLGBTQIA+ entrepreneur has been both challenging and deeply affirming. In a male-dominated craft and rural setting, I’ve often felt like I was forging a path without a map. Visibility remains a barrier — especially for rural 2SLGBTQIA+ entrepreneurs, who are often excluded from urban-centred funding and community spaces. Still, building a business on my own terms has allowed me to create something different: a space where 2SLGBTQIA+ folks, women and marginalized makers aren’t just included — they’re centred. One of the most powerful moments is when someone walks into my booth and says, “I’ve never seen myself in this space before — until now.”
Christina: Being in Alberta comes with its own challenges — especially in today’s political climate, where progressive policies and openness to difference are being rolled back. Our company has been doxed online for being vocal advocates in our community. We’ve lost accounts, revenue and event partnerships for speaking out on harmful gender policies that directly affect us and our community. As 2SLGBTQIA+ entrepreneurs in STEM and craft brewing, we’re often doubted and have to work twice as hard to earn respect and recognition. And yet, we’ve built a loyal following of people who share our values.
What’s one moment of Pride (pun intended!) in your entrepreneurial journey that you’d love to share with us?
Jackie: One moment that continues to stick with me is the first time I ran my bowl-turning course specifically for women and gender-diverse individuals. The course was designed to be a welcoming, inclusive space — a direct response to the many folks who told me they had previously felt unwelcome, unsafe or out of place in traditional woodworking environments. One student said, “This is the first time I’ve felt like I belong in a shop space.” That moment reminded me exactly why I do this: not just to teach skills, but to help carve out spaces where people can show up fully as themselves and feel powerful doing it.
Christina: Probably when we collected our first Canadian Brewing Award in Vancouver. A longtime industry peer quietly acknowledged that not only was this a big a deal to get an award, but the fact that we’ve done it when the world constantly pushes back on you being who we are what we do is even bigger. He saw me, and us in that moment with absolute vulnerability that it brought me to tears.
How has Futurpreneur supported you on your entrepreneurial journey?
Jackie: Futurpreneur gave me the tools to turn my vision into something tangible. With the financial support they provided, I was able to scale my business to a point where I could hire and collaborate with other women and 2SLGBTQIA+ folks. That was a pivotal shift — not just building something for myself, but creating opportunities for others in my community. In a market that often feels divided or exclusionary, it meant everything to be able to grow a business that could hold space for shared values, inclusivity and dignity.
Christina: Honestly, when I received my Futurpreneur loan, there was no diversity programming in place. As a new Canadian, single, 2SLGBTQIA+ woman who lost her job due to COVID, I qualified for the bare minimum — lacking collateral, credit history or a guarantor, despite having over a decade of experience. It’s been encouraging to see Futurpreneur open the annual accelerator to more than just top performers — recognizing that access to capital and lived experience matter.
Ready to launch or grow your business? Futurpreneur supports young entrepreneurs from many diverse communities across Canada. Learn more about Futurpreneur’s flexible, equity-free loan with mentorship and resources here.
5 hidden rules of Canadian business culture every newcomer entrepreneur must know: Insights from workplace culture expert Matt Adolphe
Starting a business in Canada as a newcomer is an exciting adventure but it often comes with its unique set of challenges. You might have an amazing business idea, yet without a solid grasp of how professional relationships and communication truly work in Canada, building and growing your venture can feel like an uphill battle.
So, what are these unwritten rules of Canadian business culture? We chatted with Matt Adolphe, a seasoned workplace culture expert with 25 years of experience in teaching, consulting and facilitating both in Canada and internationally. He’s the author of two insightful books: Canadian Workplace Culture: Mastering the Unspoken Rules and Would You Hire You? His expertise spans career development, leadership, communication skills and conflict resolution, making him the perfect guide for newcomer entrepreneurs aiming to thrive in the Canadian market.
1. Networking is about building trust, not just selling
If you’ve ever attended a networking event expecting to immediately secure a client or close a deal, you might have left feeling disappointed. That’s because networking in Canada is fundamentally about building genuine relationships—not simply transactional exchanges. For newcomer entrepreneurs, this means laying a foundation of trust before pitching your services or products.
What this means for your business:
- Don’t rush into a sales pitch; take the time to genuinely get to know people first.
- Always follow up after networking events to nurture those budding relationships.
- Be patient; building trust takes time and consistent effort.
Matt’s insight: “Frontline staff, like receptionists, are often gatekeepers to decision-makers. How you treat them can determine whether you get the right connections and business opportunities.”
2. Read between the lines—Canadians are indirect communicators
One of the most significant cultural differences newcomer entrepreneurs might encounter is Canada’s indirect communication style. Canadians often express themselves politely rather than being blunt, meaning you need to pay close attention to subtle cues and implied meanings in conversations with potential clients, partners or employees.
Example: If someone says, “Yeah, let’s connect sometime!” in a business context, it might actually be a polite way of declining or indicating a low priority. Canadians often avoid saying “no” outright to prevent perceived conflict. Learning to interpret these unspoken messages is crucial for effective business interactions.
What to do instead:
- Pay close attention to tone of voice and body language.
- If you’re unsure about an agreement or commitment, follow up once for clarification, but avoid pushing too hard.
- In discussions, rather than directly contradicting someone, try to agree with parts of their statement and then gently add your own perspective.
Matt’s insight: “Even disagreeing about the weather can be seen as conflict! Instead of saying ‘Not for me, it’s too cold,’ try, ‘It’s nice, but I prefer it a bit warmer.’ This applies to business discussions too.”
3. Humility wins—Too much self-promotion can hurt you
In some cultures, openly discussing your achievements and promoting yourself is encouraged. In Canada, however, humility is highly valued. Being overly flashy—whether in how you speak about your accomplishments or how you present yourself—can make potential collaborators or clients uncomfortable. For entrepreneurs, striking the right balance is key.
What this means for your business:
- Instead of boasting, let others inquire about your successes; allow your work to speak for itself.
- Dress professionally for business meetings but avoid overly expensive or showy clothing that might create a perception of extravagance.
- Approach business conversations with genuine curiosity about others’ work, rather than focusing solely on self-promotion.
Matt’s insight: “In the U.S., people want to hear about your accomplishments. In Canada, if you talk too much about yourself, it can come across as showing off, which can hinder business relationships.”
4. Volunteering is a secret weapon for networking
Want to rapidly expand your business network and gain credibility within the Canadian market? Consider integrating volunteering into your strategy! In Canada, volunteering isn’t just about giving back to the community—it’s a powerful and often overlooked way to meet influential people and build trust with potential business contacts.
Why it works for entrepreneurs:
- Many business leaders and CEOs are actively involved in community service and charitable organizations.
- People naturally tend to trust those who demonstrate a commitment to contributing to their community.
- It’s an excellent, low-pressure way to showcase your skills and dedication without appearing overly “salesy” or self-serving.
Matt’s insight: “If you’re a tech entrepreneur, offer to help a non-profit with their website. If you’re in marketing, volunteer at a local charity event. These small contributions can lead to truly meaningful business connections and opportunities.”
5. First impressions matter—And they last
Unlike in some cultures where a negative initial interaction can be easily mended over time, a bad first impression in Canadian business culture can be challenging to overcome. For newcomer entrepreneurs, this emphasizes the importance of every initial interaction.
What to keep in mind for your business interactions:
- Be polite and respectful to everyone you encounter, from receptionists to junior staff; every interaction reflects on your professionalism.
- Be highly aware of your tone and body language; your attitude can matter as much as your words in conveying professionalism and respect.
- Be mindful of personal space and avoid interrupting others during conversations; active listening is highly valued.
Matt’s insight: “Hiring managers often ask receptionists how a candidate treated them. Similarly, in business, how you treat everyone in an organization can impact whether you get the deal or build a lasting partnership.”
Cultural awareness: A cornerstone of business success
Adapting to Canadian business culture is just as crucial as having a brilliant business idea. By focusing on authentic relationship-building, understanding communication nuances, embracing humility and engaging with your community, newcomer entrepreneurs can build robust professional networks and achieve lasting success in Canada.
Ready to achieve your business goals in Canada? Futurpreneur’s My Canadian Startup program empowers newcomer entrepreneurs with success strategies and knowledge to help them on their entrepreneurial journeys in their new country. Learn more about us.
Built on strength: Indigenous entrepreneurship and economic sovereignty
Imagine a future where Indigenous communities thrive, empowered by their own vision and enterprise. Indigenous Peoples, a rapidly growing population in Canada, are at the forefront of shaping this future. According to Statistics Canada, Indigenous peoples represent about five per cent of Canada’s population, and their journey towards economic sovereignty has faced historical barriers stemming from colonialism, lack of infrastructure, limited capital and restricted access to opportunities. Futurpreneur believes entrepreneurship is a transformative tool for Indigenous self-determination and economic reconciliation, fostering growth and prosperity.
We asked members of the Futurpreneur Indigenous team about their experiences and how entrepreneurship supports economic sovereignty for Indigenous communities. We also asked how the Futurpreneur Indigenous Entrepreneur Startup Program (IESP) helps young Indigenous entrepreneurs take meaningful steps toward that goal.
Here’s what they shared:

Holly Atjecoutay, Head of DEI and Director, Indigenous and Northern Entrepreneurs
“Historically, Indigenous economies were egalitarian, independent and flourishing, akin to modern-day entrepreneurship. These ways were lost with colonialism. Indigenous people possess blood memory of entrepreneurship; it comes naturally to so many Indigenous youth. At the foundation of Indigenous economic prosperity and reconciliation is entrepreneurship! We are witnessing the revitalization of Indigenous economies, reclaiming our sovereignty and space within the broader Canadian economy. Our all-Indigenous team works alongside young Indigenous entrepreneurs, building tailored programs and connecting them to valuable resources and supports.”

Jason McDonald, Business Development Manager, Indigenous Entrepreneurs
“Without entrepreneurship, many First Nation territories would not survive; there would be 100% dependence on outside funds. The saying in Akwesasne is, ‘If we are depending on government funds to survive, we are not sovereign.’ What the IESP does helps overall communities survive. I am proud to be a member of IESP.”

Noah Wilson, Senior Business Development Manager, Indigenous Entrepreneurs
“According to the United Nations Declaration on the Rights of Indigenous Peoples (UNDRIP), ‘Indigenous peoples have the right to self-determination. By virtue of that right they freely determine their political status and freely pursue their economic, social and cultural development.’ One of the core elements to help our communities achieve self-determination and economic sovereignty is to create an environment for economic reconciliation led by Indigenous small and medium enterprises. We cannot rely solely on initiatives driven by Indigenous Nations. The strongest economies are driven by entrepreneurs who have the independent ability to drive innovation, accountability and resilience. We are helping lead the movement that is unlocking the repressed potential of Indigenous entrepreneurs who have been historically excluded.”

Devaiya Corbett, Business Development Manager, Indigenous Entrepreneurs
“Entrepreneurship goes far beyond just owning your own business. It is a shift in thought, leadership and trailblazing new opportunities. Being an entrepreneur means dedicating your energy to a vision bigger than yourself for the benefit of future generations. Our IESP is one piece of the puzzle supporting economic sovereignty. Our dedicated team is committed to building meaningful relations and supporting young entrepreneurs to not only live their dreams, but to create change, break cycles and become proud business owners.”

Jocelyn Eisert, Business Development Manager, Indigenous Entrepreneurs
“From my experience, entrepreneurship isn’t just about starting a business, it’s about reclaiming economic dependency and preserving cultural identity. The IESP is designed to address historical economic marginalization by providing targeted support. It’s not just about funding, but about creating a holistic ecosystem for Indigenous entrepreneurs. We are seeing young entrepreneurs create businesses that are not just economically viable, but also deeply rooted in traditional knowledge. It’s about creating economic pathways that respect and elevate Indigenous cultural practices. We are not just an entrepreneurial program—we are a movement towards reclaiming economic opportunities and building resilient, culturally grounded economic futures.”

Logan Daoust, Bilingual Business Development Manager, Indigenous Entrepreneurs
“Entrepreneurship is a way for Indigenous peoples to reclaim economic independence. It diversifies the workforce and strengthens local economies, while keeping culture at the heart of business. The IESP helps young Indigenous entrepreneurs take meaningful steps towards that goal by providing financing, one-on-one mentorship and tailored resources.”

Jordan Smith, Program Specialist, Indigenous Entrepreneurs
“Entrepreneurship has been a meaningful part of my own journey and something I’ve seen make a real difference in Indigenous communities. It’s a powerful way for Indigenous peoples to reclaim control over our economic futures, supporting economic self-determination and sovereignty. It also creates space to carry our cultures forward in meaningful and modern ways, weaving tradition into innovation. Programs like the IESP provide the mentorship, funding and culturally grounded support that young Indigenous entrepreneurs need to take the first steps. We’re not just building businesses—we’re helping shape a future rooted in Indigenous strength, creativity and sovereignty.”
At Futurpreneur, we are honoured to walk alongside Indigenous entrepreneurs as they build businesses that reflect their values and contribute to thriving communities.
If you are an Indigenous entrepreneur, ages 18-39, anywhere in Canada interested in starting, buying or growing a business, click here to learn more about a loan with mentorship and resources from the Futurpreneur Indigenous Entrepreneur Startup Program.
Creating an inclusive entrepreneurial ecosystem: Lessons from Kim Auclair
Entrepreneurship should be accessible to everyone, yet many aspiring business owners who are deaf or hard of hearing still face significant barriers. From communication challenges to accessing funding and mentorship, these entrepreneurs often navigate a world not designed with their needs in mind.
Kim Auclair, originally from Quebec City and living in Shawinigan, Quebec since 2023, is an entrepreneur with over 20 years of experience in web communication and media strategy. She has personally faced these challenges. Kim has dedicated her career to helping businesses enhance their visibility while ensuring accessibility remains central to the entrepreneurial conversation. Born with severe to profound deafness, she received a cochlear implant in 2019—an experience that reinforced her belief that disability should never be a barrier to entrepreneurship. Through her work, she develops tailored communication strategies for her clients and advocates for an entrepreneurial ecosystem where accessibility and innovation go hand in hand.
Understanding the barriers
Before making entrepreneurship more accessible, it’s essential to identify the key challenges faced by deaf and hard-of-hearing entrepreneurs, as highlighted by Kim:
- Communication barriers: Many traditional networking events, workshops and mentoring programs rely heavily on verbal communication, making them less accessible.
- Limited access to funding: Many financial institutions and investment programs are not well-equipped to assess and support businesses led by deaf and hard-of-hearing entrepreneurs.
- Lack of awareness and representation: Deaf and hard-of-hearing entrepreneurs often encounter misconceptions about their abilities, leading to missed opportunities and exclusion from business networks.
- Technology and accessibility needs: Many business management tools, training platforms and incubator programs are not designed with accessibility features such as captioning, sign language interpretation or text-based alternatives.
Kim’s perspective on inclusive entrepreneurship
Having personally faced these challenges, Kim emphasizes the importance of adapting strategies to achieve success. Here are her recommendations for building a more accessible entrepreneurial ecosystem:
1. Accessible communication is essential
Kim highlights how access to communication tools transformed her ability to build relationships in business.
She recommends:
- Using captions and sign language interpretation for meetings and online events.
- Employing flexible communication methods, such as emails, video calls with captions and accessible digital platforms.
- Adopting inclusive practices, like asking individuals about their preferred communication mode instead of making assumptions.
2. Adapting mentorship and networking opportunities
Kim attributes much of her success to mentorship but acknowledges that traditional mentorship structures often exclude deaf entrepreneurs. To create a more inclusive environment, she suggests:
- Connecting with mentors who understand accessibility needs and are open to diverse communication styles.
- Offering written or recorded guidance rather than relying solely on in-person meetings.
- Adding accessibility features to networking events, such as name tags for easy identification, short and visual instructions about event logistics, pre-shared agendas and post-event written summaries in blogs or PDFs.
- Ensuring that networking events incorporate captions, sign language interpreters and text-based engagement options to foster inclusivity.
3. Ensuring better access to funding
Kim has faced difficulties securing funding due to a lack of awareness among investors regarding accessibility challenges. To improve access to financial resources, she proposes:
- Providing alternative pitching methods, such as written proposals or pre-recorded captioned presentations.
- Raising awareness among investors and financial institutions about the realities of entrepreneurs with disabilities.
- Using simple language or visual explanations to make financial concepts more accessible.
- Developing more inclusive funding application processes that do not rely solely on verbal presentations.
4. Representation makes a difference
A key takeaway from Kim’s journey is that visibility and advocacy are crucial for long-term change. She believes more stories of deaf entrepreneurs need to be highlighted in mainstream business discussions.
She suggests:
- Showcasing deaf entrepreneurs’ success stories in blogs, conferences and digital campaigns.
- Integrating accessibility training into business incubator and accelerator programs.
- Strengthening collaboration with organizations led by people with disabilities to share best practices and build stronger support networks.
5. Technology as a tool for accessibility
Throughout her career, Kim has leveraged technology to bridge accessibility gaps. She recommends utilizing:
- Speech-to-text apps like Otter.ai or live transcriptions or subtitles during Zoom meetings.
- Video relay services (VRS), when collaborating with Deaf individuals who use Quebec Sign Language (LSQ)—a language Kim understands, partially, but does not speak fluently.
- AI-powered transcription tools for seamless communication in business settings.
Building a more inclusive future
Kim’s experience demonstrates that creating an inclusive entrepreneurial ecosystem is not just about removing obstacles—it is about creating an environment where every entrepreneur, regardless of their challenges, can thrive.
She reminds us that accessibility is not an individual responsibility but a collective one. The goal is not just to improve access for deaf entrepreneurs, but to build a truly inclusive business world for all, recognizing and accommodating the diverse needs of entrepreneurs. The faster we take action, the closer we get to a future where entrepreneurial success is driven by innovation and talent—not by the absence of accessibility barriers.
If you’re a young entrepreneur looking for support, learn more about Futurpreneur’s loan with mentorship and resources to get started on your entrepreneurial journey.
Built in Vancouver: Young, ambitious and changing the game
Vancouver stands out as a vibrant hub for entrepreneurship in Canada.
According to the City of Vancouver, approximately 80,000 businesses call Vancouver home, with a remarkable 98% classified as small businesses (employing fewer than 50 people). A significant 54% are self-employed individuals, while the remaining 46% have one or more employees. While small businesses are the predominant type, the majority of employees in Vancouver work for larger companies. However, StartUp Blink ranks Vancouver second in Canada for startup growth, just behind Toronto.
Each May, Vancouver Startup Week celebrates this dynamic ecosystem. Let’s shine a light on three inspiring Vancouver-based businesses supported by Futurpreneur, each demonstrating the innovation and drive that define the city’s entrepreneurial spirit.

Honest Camper
Futurpreneur: William Jarvis
Product: Fully-equipped rental vans
Website: https://www.honestcamper.com/
Honest Camper offers premium, fully equipped camping van rentals for those eager to explore the stunning Pacific Coast and interior. Inspired by a memorable road trip, founder William Jarvis wanted to share the experience of connecting with nature. Operating from Coquitlam, BC, Honest Camper also has a presence in San Francisco, ensuring year-round business. They provide an opportunity to escape the everyday and embrace the freedom of the open road.

Risa Vancouver
Futurpreneurs: Rid and Sal Sayyal
Product: Upcycled handbags
Website: https://risavancouver.com/
Risa Vancouver is a family-owned business crafting beautiful bags from upcycled leather. Led by two sisters, Rid and Sal Sayyal, they are committed to sustainability and ethical production, partnering with women artisans in India. Their mission is to blend affordable luxury with environmental responsibility, creating stylish, high-quality bags that contribute to a cleaner planet, one bag at a time.

Double Sunrise
Futurpreneur: Stephanie Baker
Product: Women’s clothing
Website: https://www.doublesunrise.ca/
Double Sunrise is a women’s clothing brand born from a desire for empowering apparel. Founded by Stephanie Baker in 2020, their collections draw inspiration from tropical getaways and timeless designs, offering pieces that evoke a resort-wear feel. With a focus on mindful fabric choices and smaller production runs in Vancouver, Double Sunrise champions both style and sustainability.
At Futurpreneur, we’re proud to support the energy and vision of young entrepreneurs who are not only building innovative businesses but also strengthening the fabric of communities across British Columbia and the entire country.
Ready to build your own future? Futurpreneur offers startup loan financing with mentorship and resources to help young entrepreneurs across Canada start, buy or grow their businesses. Learn more about us.
Are you a Futurpreneur-supported entrepreneur? Want to showcase your products or services in our Futurpreneur Marketplace? Submit a quick application here to be featured on our year-round platform.
Earth Day, every day: How shopping local supports sustainability and entrepreneurs in Canada
Every day is a great day to make eco-conscious choices. For young entrepreneurs, it’s an opportunity to grow their businesses sustainably, contributing to a healthier planet while also helping their communities. At Futurpreneur, we’re excited to highlight a few of the many young entrepreneurs who are helping shape a sustainable future through their innovative products. By supporting local businesses, we’re not just investing in entrepreneurs’ dreams—we’re also making a positive impact on the environment.
Sustainable shopping trends
According to recent data from Agriculture and Agri-Food Canada, half of Canadian consumers say they’re buying more sustainable products than five years ago. Eight in 10 Canadians value a sustainable lifestyle, and 65% feel they have a moral obligation to use environmentally friendly products. As we face the realities of climate change, 6 in 10 Canadians report that it’s their top concern.
Supporting sustainable products is not just good for the planet—it’s good business. The Canadian sustainable market is valued at approximately $25 billion, according to Statistics Canada. This shows that sustainability is more than a trend—it’s a significant industry with immense potential for growth.
Here are a few Futurpreneur-supported businesses from the Futurpreneur Marketplace offering local, sustainable options for eco-conscious shoppers:

Gleam & Glow
Product: Skin cream
Futurpreneur: Camilia Destteffano
Website: gleamandglow.ca
Gleam & Glow is a skincare brand focused on natural, plant-based ingredients that are organic, cruelty-free, and packaged in recyclable materials. This brand is not just about skincare—it’s about a holistic approach to wellness, encouraging healthy thoughts and emotions along with healthy skin.

Pinky Swear & Co.
Product: Scented candles
Futurpreneur: Alexander Farrow
Website: pinkyswearandco.com
Pinky Swear & Co. creates clean-burning, long-lasting candles from sustainably sourced coconut soy wax. Their products are phthalate- and paraben-free, and they collaborate with Canadian markets and charities to give back to their communities.

Cooks Who Feed
Product: Chef-designed aprons
Futurpreneur: Seema Sanghavi
Website: cookswhofeed.com
Cooks Who Feed is on a mission to fight food insecurity with fair trade, organic aprons. Made by marginalized women in India, every purchase helps provide meals to those in need. This business is all about creating a sustainable impact through small actions.

Origine en Vrac
Service: Sustainable grocery store
Futurpreneur: Jean-Philippe Miville-Deschênes
Website: origine-vrac.ca
Origine en Vrac is a zero-waste grocery store in Quebec, focusing on reducing single-use packaging. Customers bring their own containers to fill with organic, fair trade, vegan, and eco-friendly products, making it easy to shop sustainably.
At Futurpreneur, we are proud to support young entrepreneurs who are committed to making the world a better place through sustainable business practices. We’re here to help them turn their eco-conscious ideas into thriving businesses.
Interested in learning more?
Find out how Futurpreneur’s loan with mentorship can help you start and grow your sustainable business by visiting Futurpreneur’s startup resources.
Are you a Futurpreneur-supported entrepreneur?
Would you like to feature your products or services in the Futurpreneur Marketplace? You can fill out a short application here.
Looking to shop sustainably?
Check out the Futurpreneur Marketplace to discover more eco-friendly products and services from Canadian entrepreneurs.
Tax season made easy: 8 tips to help you navigate the season stress-free
Tax season giving you the jitters? Don’t worry, at Futurpreneur, we’ve got your back! Filing your taxes doesn’t have to be stressful. Whether you’re managing a side hustle, launching a startup, or growing your full-time business, getting a handle on your taxes means more money in your pocket—and no last-minute scramble.
Did you know? According to a recent survey by FreshBooks, 35% of small business owners struggle with the complexity of tax laws, and 32% have trouble identifying deductions. These uncertainties can lead to missed incentives, which can impact key business decisions, such as hiring and pricing.
Here’s the thing: With some preparation, professional help, and the right tools, you can get your taxes filed smoothly, maximize your deductions, and stay focused on what you do best: growing your business. You don’t need to be a tax expert, but working with a trusted advisor can ensure everything is handled correctly and help you avoid costly mistakes.
Here are 8 tips to help you breeze through tax season:
- Stay on top of your finances: Keep your records up to date and review them monthly. This gives you a clear picture of your revenue and expenses while reducing year-end stress.
- File your taxes on time: Avoid unnecessary penalties by ensuring your filings are submitted on schedule. A simple step that saves you money!
- Manage payroll reporting on time: Make sure your monthly payroll reports and remittances are submitted promptly to avoid penalties and keep your business operations running smoothly.
- Know your deductible expenses: Ask your advisor for a list of claimable business expenses. This will save you time and help prevent issues with the Canada Revenue Agency (CRA).
- Make taxes part of your business plan: Planning for taxes means your business is thriving! Include tax management in your strategy to stay prepared and avoid surprises.
- Find the right advisor: Your time is valuable! Instead of spending hours on bookkeeping, work with a trusted advisor who can set up the right processes—so you can focus on growing your business.
- Take advantage of available resources: The Canada Revenue Agency (CRA) offers helpful tax resources for entrepreneurs. Plus, your advisor can provide up-to-date annual tax information, and your local chamber of commerce may have helpful resources to support you through tax season.
- Know what you can (and can’t) claim: One of the biggest tax mistakes entrepreneurs make is misunderstanding deductible expenses. Get clear on what’s eligible to avoid costly corrections and wasted time.
While tax season might feel like an afterthought for many entrepreneurs, it’s actually a golden opportunity for growth. A well-managed tax plan can not only save you money but can also improve your bottom line, setting your business up for success in the future.
Need more help?
Check out Futurpreneur’s Business Resource Centre for tools and tips to keep your business growing.
Want more resources?
Visit the Canada Revenue Agency’s small business tax resources for all the info you need to file your taxes like a pro.