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Falling through the cracks, report: Women and minority business founders hit harder by economic impact of Covid-19

Full Report: canwcc.ca/covid-survey May 13, 2020 (Toronto, ON) – According to the final analysis from a nationwide survey of women, visible minorities, indigenous, LGBTQ+, refugee and immigrant entrepreneurs, there has been a greater economic impact from COVID-19 on these underrepresented business owners in Canada than on other segments of the population. The Falling Through The Cracks survey of close to …

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Canada’s Women Entrepreneurs Need A 21st Century RRSP Repayment Plan

“Save for your retirement. Put money in your RRSP. Don’t touch it!” This is the advice given to young Canadians so they have future savings and wealth. Well, I have a confession to make.   I liquidated my RRSP to self-fund my accounting business. I didn’t have wealthy friends and family to support me in starting up. There weren’t grants or …

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If You Thought The ‘Friends & Family Round’ Was Privileged, You’re Right

There’s a problem with the standard investment playbook and you already know it.  It’s called the ‘friends and family round’ of raising funding, and it’s only for the privileged few. It is recommended as the first step to funding a new business.  It’s got to stop. As a startup, you know that Angel Investors are the primary source of early …

Canadian Women Still Far Behind When It Comes To Business Growth

Canadian Women’s Chamber of Commerce marks second anniversary with a look at the reality of women’s business ‘empowerment’ “We’re not selling women empowerment. We’re working to make business equality a reality for all women-identified and nonbinary entrepreneurs.” Nancy Wilson, Founder & CEO, CanWCC Toronto, ON – It wasn’t until 1989 that women business owners in North America could ask for …

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Step 1. Break the rules. Step 2. Make some new rules.

Advocacy. I talk a lot about advocacy because the Canadian Women’s Chamber of Commerce (CanWCC) is, first and foremost, concerned with advocating on behalf of our members. But I recognize that advocacy is a weighty notion and can be an overwhelming prospect – particularly for our members who are busy building their businesses. What do I mean when I talk about being …

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Launch Your Business with Ownr and CanWCC

MAKE IT OFFICIAL The Canadian Women’s Chamber of Commerce is thrilled to announce our latest exciting partnership to benefit entrepreneurs with Ownr. Ownr provides registration, incorporation, and design services to business owners making it both simple and affordable to launch your business. Used by over 10,000 businesses within Canada already, we are certain that Ownr is the right partner for our growing network of business owners. Whether …

CanWCC Partners with Willful to Provide Affordable Estate Planning for their Members

THE IMPORTANCE OF SUCCESSION PLANNING FOR ENTREPRENEURS As entrepreneurs, we’re taught to have a solid business plan – to know what problem we’re solving, why we’re best equipped to solve it, and why we’re uniquely positioned to succeed versus our competitors or incumbents. But most business plans neglect one key element of it: business succession and estate planning. Everyone plans …

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Policy Proposal: Access to Capital

UNLOCK RRSP FUNDS TO (RE)BUILD A PROSPEROUS FUTURE Recommendation:  Implement an RRSP withdrawal and payback plan, similar to the First Time Home Buyers Plan, to allow individuals to access the funds they need for debt consolidation, unexpected expenses, and entrepreneurship THE PROBLEM: ACCESS TO CAPITAL Business ownership can be a means to create personal wealth above and beyond standard employment. Canadian …