At Mi6, we curate these round ups to deliver essential, actionable insights that matter to entrepreneurs and marketing professionals like you. We sift through the noise to bring you the strategies, trends, and innovations that can genuinely move the needle for your business.
Mar 10 Update
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Canada’s Capital Gains Tax Hike: A Threat to Venture Capital and Private Equity
Starting June 25, 2024, Canada raised the capital gains tax inclusion rate from 50% to 66.67% for corporations and individuals earning over $250,000 in capital gains. This policy is projected to reduce venture capital deals by 22% and private equity investment by 48% compared to historical levels. The study warns that higher taxes could weaken Canada’s innovation ecosystem at a time when the country is facing a productivity crisis.
Actionable Insight: Policymakers should consider tax incentives to maintain a competitive investment climate, while investors may need to seek alternative funding strategies. | Read more.
More Support Needed to Empower Immigrant Entrepreneurs in Canada
A CFIB-Scotiabank report highlights the challenges faced by immigrant entrepreneurs in Canada, including financing difficulties, regulatory hurdles, and lack of business networks. Despite these barriers, immigrant-owned businesses contribute significantly to the economy. The report calls for better access to funding, mentorship programs, and streamlined regulations to help these entrepreneurs thrive.
Actionable Insight: Policymakers and financial institutions should expand tailored support programs, while immigrant entrepreneurs can benefit from networking and mentorship opportunities. | Read more.
Newfoundland Businesses Receive Over $340K to Boost Marketing and Growth
The Newfoundland and Labrador government is investing $340K into six small and medium-sized businesses to expand marketing efforts. Theatre Newfoundland and Labrador will receive $66K, while Rob Clarke Motorsports gets $86K to promote adventure tourism. Other beneficiaries include 7 Fathoms Skin Care Ltd. ($15K) and GFI Composites Ltd. ($50K). The funding also supports hydrogen industry development, positioning NL for future economic opportunities.
Actionable Insight: Businesses should leverage government funding to enhance marketing, attract tourism, and explore emerging industries like hydrogen production. | Read more.
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US Small Business Employment and Revenue Decline in February 2025
Employment at small businesses (1-9 employees) dropped by 124,900 jobs (-0.99%), with declines across all 12 sectors and eight regions. The professional and business services sector lost 23,800 jobs, while leisure and hospitality shrank the fastest (-1.28%). Revenue also dipped by 0.79% month-over-month, with utilities growing the fastest (+2.58%) and wholesale trade declining the most (-6.33%).
Actionable Insight: Small businesses should explore cost efficiencies and alternative revenue streams to counter employment and revenue challenges. | Read more.
InternationalSafety.com Promotes Canadian-Made PPE Amid Tariff Uncertainty
Amid trade challenges, InternationalSafety.com is emphasizing Canadian-made personal protective equipment (PPE) and safety solutions to support local manufacturers. The company highlights brands like 3M Canada (respirators), PIP Canada (hard hats), First Aid Central (first aid kits), and Blackline Safety (gas detection). While some materials are sourced abroad, transparency in product origins remains a priority.
Actionable Insight: Businesses should prioritize local sourcing to mitigate tariff risks and strengthen domestic supply chains. | Read more.
Women Entrepreneurs Key to Offsetting Trade and Tariff Shocks
A new Canadian Chamber of Commerce report highlights how women entrepreneurs can drive economic resilience amid trade and tariff disruptions. By increasing access to capital, reducing regulatory barriers, and fostering global trade opportunities, Canada can better support female-led businesses. The report calls for targeted policies and investment in women’s entrepreneurship to strengthen Canada’s economic position.
Actionable Insight: Policymakers and investors should expand funding and resources for women entrepreneurs to enhance economic stability and global competitiveness. | Read more.
Mar 3 Update
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Quitting Your 9-to-5 for a Startup? Key Steps for Success
Leaving a stable job to launch a startup requires financial planning, a strong support network, and a clear sense of purpose. Megan Takeda-Tully, founder of Suppli, shares how she took a 70% pay cut and invested her savings to build her zero-waste takeout packaging business. Experts advise planning for three years of reduced income, joining accelerators and founder networks, and staying connected to your mission for long-term success.
Actionable Insight: Entrepreneurs should build financial buffers and seek mentorship early to navigate the uncertainty of new ventures. | Read more.
9 Startups to Watch at U of T Entrepreneurship Week 2025
From AI-powered genomics to sustainable aviation, nine standout startups will showcase their innovations at U of T Entrepreneurship Week 2025. Highlights include Re:Pair Genomics, which accelerates gene therapy research using AI, Lyrata Inc., a smart hydroponic farming service, and KON Aerosystems, which is developing electromagnetic propulsion for aviation. Entrepreneurs and investors should explore these ventures for cutting-edge advancements in biotech, mobility, and sustainability.
Actionable Insight: Engaging with university-linked startups offers early investment and collaboration opportunities in high-growth sectors. | Read more.
$3.3M Invested in Indigenous Tourism to Boost Growth & Sustainability
The Indigenous Tourism Association of Canada (ITAC) has allocated $3.3M in funding to 136 Indigenous tourism businesses through the Indigenous Tourism Fund’s Micro and Small Business Stream. Each business receives up to $25,000 to enhance operations in areas like marketing, sustainability, and visitor experience. This initiative strengthens Indigenous entrepreneurship, fostering long-term economic growth and positioning Canada as a global leader in Indigenous tourism by 2030.
Actionable Insight: Indigenous entrepreneurs should align with accreditation standards like The Original Original to access funding and expand their market presence. | Read more.
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