- Benefits range from $1,000 to $6,000* per month (up to 12 times the monthly benefit) depending on your individual needs. Affordable : From $20 monthly....
- Premiums may be tax deductible
- Benefits start as early as 30 days from the date of your disability
- You can purchase coverage between the ages of 18 and 69
- Call Toll Free: 1 844 940 5927 Island wide | 902 940 5927
When you're self-employed you are the key contributor to the success of your business, so consider the impact if you were unable to work due to a disability for any length of time.
Three Popular Start-Up Financing Options | U.S. Small Business Administration
By kmurray, Contributor and Moderator
Published: May 21, 2014
Thinking about starting a business? Recent studies and reports have shown that entrepreneurs are more optimistic than in recent years when it comes to the state of their businesses this year, and that’s great news! But always high on the list of concerns for starting a business – even in optimistic times – is financing. Here’s a roundup of some ways, aside from avenues such as SBA-backed loans, to finance your business.
According to expert Marco Carbajo, credit cards are a major source of financing for small business owners, with statistics even showing that more than 65% of small businesses using them on a frequent basis. It’s a popular approach, but you should be sure to do your research to determine if it’s the right one for you. Here are some tips from Entrepreneur.com (link is external) to help:
Asking friends and family to borrow funds to help finance your business sounds like it could get awkward, but it doesn’t have to. Treat the process just as professionally as you would an engagement with a bank. If you done right, you can potentially gain quicker access to the cash you need and jump through fewer hoops – after all, your friends or family already know you. Read more about borrowing from friends and family in our article here, but think about these highlights as you consider this option:
Increasingly, crowdfunding is becoming a popular way for people to get startup financing for their businesses. You’ve probably heard of Kickstarter campaigns – that’s crowdfunding. It works through a collective cooperation of people who network and pool their money and resources together, usually online, to support efforts initiated by others. So it gathers multiple, smaller investments as opposed to a single source of funding. You can read more about the details here, but here are three other key considerations from Entrepreneur.com (link is external):
Beyond a “traditional” track of securing a loan from a bank, there are quite a few avenues to consider for financing your business. And with passion, professionalism and planning, you’ll establish a good foundation for success down any of these paths.
“We’re now out of beta and accepting applications,” said Andrew Graham, chief executive of Borrowell, a 100%-online firm that aims to provide fixed term loans to Canadian retail borrowers on better terms than available through credit card companies or banks. “We believe Canadians deserve better borrowing options,” adds Graham, noting that developments in Canada lag behind what’s happening in other markets, particularly the U.S. and the U.K.
But the domestic market is huge. Based on estimates provided by Equifax, Borrowell says Canadians currently own more than $80 billion in credit card debt with a typical interest rate of 19.9 per cent or higher.
Borrowell will fund those fixed rate loans – indeed match them – through fixed rate term deposits with its team of backers that also include some prominent individuals.
Certainly the banks are aware of the potential competition that marketplace lenders offer. For instance:
Support for Small Business Online
Minister Findlay participates in Facebook's Small Business Boost launch to help small businesses learn the digital skills needed to succeed
January 20, 2015 – Coquitlam, B.C. – Industry Canada
The Honourable Kerry-Lynne D. Findlay, Minister of National Revenue and Member of Parliament for Delta– Richmond East, spoke to an audience of Vancouver- area small business owners and entrepreneurs at the launch of the Facebook Small Business Boost program. The Minister underscored the Harper Government's efforts to ensure that the right conditions are in place for entrepreneurs and small business owners to start a business and create jobs in the digital economy.
Minister Findlay noted the importance of social media and digital adoption in helping small businesses attract new customers and succeed. She further outlined how the government's plan for the digital economy, under Digital Canada 150, is creating opportunities for businesses of all sizes.
Facebook's Small Business Boost is a networking and information event organized by Facebook's Small Business Team to show local business owners best practices and strategies on how they can use Facebook to help grow and manage their businesses. The event features discussions with local companies that have used Facebook to find new customers and become more engaged with existing customers.
We are always on the lookout for great new products to protect small business. Guarantee Advantage ® is a great alternative to the banks GIC's with the Advantage of creditor protection and beneficiary designation in the event of death that save probate fees and protecting the inheritance you want to leave your loved ones. Want to make sure they're paid quickly to eliminate worries and hassles when they're settling your estate?
Your savings are 100% protected: Guarantee Advantage® fully protects your principal in the event of death to ensure that you don't lose any money.
Prompt and confidential payment. Because Guarantee Advantage is offered through a life insurance company and includes a Beneficiary designation, it doesn't become part of your estate.
In the event of death, the guaranteed principal is paid directly and confidentially to your Beneficiary* without delay or estate settlement fees.** This means that your spouse or loved one designated as beneficiary will have quick access to the money they need to pay for funeral expenses or cover any immediate financial obligations.Do you own a business? Are you self-employed or a professional, such as a doctor, lawyer or notary? Guarantee Advantage® may provide you with essential creditor protection.
Ensure you and your loved ones are protected in the event of financial difficulties Since Guarantee Advantage is a Contract issued by Desjardins InsuranceDesjardins Insurance refers to Desjardins Financial Security Life Assurance Company., it includes a Beneficiary designation. In the event of bankruptcy or legal action,* this designation could prevent your creditors from seizing your investment, helping ensure you and your loved ones are protected. For more information on this product or other RRSP, TFSA, alternatives please call member services at 1-844-940-5927 or (902) 940-5927
Key Small Business Statistics
Number of Businesses
The Fall session of the Legislature will resume on November 12 at 2 p.m. with the Speech from the Throne. “We will be building on the progress that’s been made by this Government on education, the environment, economic development and providing integrated health support to all Islanders,” said Premier Robert Ghiz. “While I’m pleased with the progress that’s been made to date, we understand there’s more work to be done to ensure this Island and it’s citizens are well supported for generations to come.”
Almost 30 pieces of legislation will be tabled, including the following:
• Environmental Protection Act
• School Act
• Teachers’ Superannuation Act
• Fisheries Act
• Highway Traffic Act
• Animal Care Act
“We’re looking forward to protecting the interests of all Islanders and making PEI an even greater place to live, work and raise a family,” said Government House leader Sonny Gallant. “I’d like to take this opportunity to remind citizens that House proceedings are open to the public and encourage people to get involved and watch.”
Visitors to the public gallery can follow on Tuesday and Thursday from 2 p.m. to 5 p.m. and 7 p.m. to 9 p.m., Wednesday from 2 p.m. to 5 p.m. and Friday from 10 a.m. to 1 p.m. Full proceedings are broadcast live on the Internet at www.assembly.pe.ca and on Eastlink television.
Mayoral Results for all Municipalities:
November 2014 Election Results
Municipalities elect councillors on November 3, 2014
Municipal Election Results:
Island Regulatory and Appeals Commission
The Island Regulatory and Appeals Commission approved the following petroleum pricing decisions, effective 12:01 a.m., Saturday, November 1, 2014:• Gasoline prices will decrease by 4.2 cents per litre (cpl);• Furnace and stove oil prices will decrease by 2.5 cpl;• Diesel prices will decrease by 1.0 cpl; and• Propane prices will increase by 0.9 cpl for Superior Propane, by 0.6 cpl for Irving Energy Distribution and Marketing and decrease by 1.0 cpl for Kenmac Energy Inc. Including adjustments for taxes, pump prices for regular unleaded gasoline at self-serve outlets will now range from 118.9 cpl to 120.0 cpl. Maximum before tax propane prices will now range from 79.4 cpl to 82.0 cpl. The maximum price for furnace oil will now amount to 96.3 cpl plus tax.Reduced overall wholesale pricing for both gasoline and distillate products allow for the price adjustments announced today. The Commission's next scheduled price adjustment will be on November 15, 2014.
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