Are Small Businesses Key to Canada's Recovery?

The video discusses the challenges entrepreneurs face due to red tape and bureaucracy, emphasizing the importance of small and medium enterprises (SMEs) in Canada's economy. It highlights the outdated property taxes in the UK and the need for governments to adapt to the digital age, where businesses operate globally and online.

What percentage of Canada's exports is contributed by small and medium businesses?

• 10%

• 25%

• 50%

• 75%

What is a significant issue with the UK's taxation system?

• High income tax rates

• Excessive corporate taxes

• Ancient property taxes

• Complex VAT system

How old are the property taxes mentioned in the UK?

• 400 years

• 300 years

• 100 years

• 200 years

What is a key factor in the success of Canadian businesses globally?

• Local marketing

• Online sales

• Traditional retail

• Government subsidies

What does the speaker suggest governments need to do in response to the digital economy?

• Focus on local businesses

• Catch up with digital trends

• Reduce online sales

• Increase taxes