Calendar of Events – Winter 2008 Ask the EXPERT
All events held at the Brampton Enterprise Centre, 33 Queen St. West (unless otherwise noted) Mortgage Interest Tax Think Winter 2008
Winter Seminar Series sponsored by: Deductibility
Q: Recently I read an article on “The
Smith Maneuver”. Is this a legitimate
way to make my mortgage interest
JANUARY tax deductible?
Jan 17 Introduction to Entrepreneurship 9:30 – 11:00 am FREE A: Yes it is, but there is potentially a Outdoor Photography Canada Magazine:
Jan 22 E-Bay 9:30 – 11:00 am $10 significant tax impact to you as an owner of,
Ask the Experts
9:30 – 11:00 am
9:00 – 11:00 am
or investor in, a privately owned incorporated
active business in Canada.
2007 Brampton Start Up Business of the Year
Jan 28 Sourcing and Hiring the Right Employee 2:30 – 4:30 pm $10
Jan 30 Tax Preparation 12:00 – 1:00 pm FREE Simply put, the Smith Maneuver takes Like most children, Roy Ramsay had a good idea what he wanted to be
Jan 31 How to Write a Business Plan 10:00 – 11:30 am $10 advantage of the tax deductibility of interest when he grew up. However, he didn’t want to be a rock star or an
costs incurred on borrowed money for the astronaut; he wanted to be a photographer or run his own magazine.
FEBRUARY purposes of gaining or producing income
Little did he know that one day, both of those wishes would come
Feb 1 Smarten Up! 5 Steps to Strategic Planning 7:30 – 9:30 am $40 from a business or property (outside of your true. Roy is the founder and publisher of Brampton-based Outdoor
Brampton Board of Trade RRSP), as specified in the Income Tax Act. Photography Canada magazine, the nation’s first and only publication
Feb 6 Tax Preparation 12:00 – 1:00 pm FREE If and when you decide to sell the shares of dedicated to Canadian outdoor photography, and winner of Brampton’s
Feb 7 Introduction to Entrepreneurship 9:30 – 11:00 am FREE your incorporated business or shares of a 2007 Start Up Business of the Year award.
Feb 11 Steps in Exporting 2:00 – 4:00 pm FREE privately owned active business – beware,
Brampton Board of Trade After working for a number of years as a professional photographer,
the gain you hope to realize may not be as well as in graphic design and publishing, Roy noticed a void in the
Feb 12 Insurance Considerations for Small Biz 2:00 – 4:00 pm $10 entirely tax-free. Although Canada Revenue
Feb 13 Tax Preparation 12:00 – 1:00 pm FREE magazine marketplace. While there were magazines about photography
Agency provides individuals with a lifetime and magazines about the outdoors, there were none that combined
Feb 20 Small Business Start-Up 6:00 – 9:00 pm $25 capital gains exemption (or LCGE) of From left to right: Roy Ramsay, Publisher/Editor-in-Chief, Outdoor
the two – from a Canadian perspective.
Feb 21 Advanced Marketing 10:00 am – 12:00 pm $10 $750,000 on the sale of qualified small Photography Canada; Steve Ipek, VP Advertising, Outdoor
business corporation (or QSBC) shares, the Roy sensed an opportunity, and began conducting some in-depth Photography Canada; Councillor Sandra Hames; Penny Karas,
MARCH capital gain exemption you can apply to the research. In November 2006, he launched a website to gauge the Marketing Director, Shoppers World Brampton (sponsor); Jennifer Ho,
Mar 3 Business for Small Business Event 11:30 am – 4:00 pm $25 gain may be reduced. interest in his idea – was there an appetite for this type of publication? Specialty Leasing Coordinator, Shoppers World Brampton (sponsor).
Holiday Inn, Brampton Obviously the answer was yes; he sold 70 subscriptions online before
Mar 3 Brampton Enterprise Centre 10th Anniversary 4:00 – 6:00 pm FREE Investment-related interest charges are a the first issue of the magazine was even printed. So what does the future hold for OPC?
Holiday Inn, Brampton deductible investment expense for tax
purposes. The excess of all your investment Outdoor Photography Canada magazine officially launched in April “We are constantly expanding the magazine, adding new features
Mar 4 Marketing 101 10:00 am – 12:00 pm $10
Mar 6 Introduction to Entrepreneurship 9:30 – 11:00 am FREE expenses over all your investment income 2007. Geared toward the photographer with a passion for outdoor and responding to the requests of our readers,” said Roy. “We’re
Mar 12 How to Write a Business Plan 10:00 – 11:30 am $10 creates your cumulative net investment loss adventure, it was an immediate success on newsstands. also focusing on expanding and improving our website. Our first
Mar 20 Preparing a Start up Financial Plan 2:00 – 4:00 pm $10 (or CNIL) to that point in time. Your CNIL will issue is now unavailable – there is not a single copy to be found –
Mar 25 E-Bay 9:30 – 11:00 am $10 Since its launch, OPC has grown from a national magazine to a and we’ve had numerous requests to make the information from
be applied to, and effectively reduce, the publication with global presence. Sales have grown exponentially,
Mar 26 Market Research 9:30 – 11:00 am FREE LCGE limit you can use in the year you sell that issue available on our website.” The revamped site will also
Mar 28 Ask the Expert 9:00 – 11:00 am FREE with the second and third issues’ circulation at about 12,000 copies have a stronger focus on e-commerce, making it easier for
QSBC shares. each and the fourth hitting 15,000 copies. The sell-through rate on customers to buy subscriptions online.
Other Notable Dates: newsstands is 50 to 60 per cent in Canada, and even higher in the
Care should be taken to ensure that any CNIL
Feb 18 Family Day Office Closed United States. Many of the magazine’s readers buy one copy on the On behalf of everyone at the Small Business Enterprise Centre,
balance is sufficiently offset before the sale
Mar 21 Good Friday Office Closed newsstand, then go to the website to subscribe. congratulations to Roy and the rest of the staff at Outdoor
of LCGE qualifying shares. If this applies to
Mar 24 Easter Monday Office Closed Photography Canada on their success. Stay tuned for more
you, I would suggest you seek the advice of The magazine is staffed by Roy, his wife Jeanette and VP of
Seminar Registration Policy a qualified tax professional. information on the 2008 Start Up Business of the Year competition,
Advertising Steve Ipek, as well as several freelancers, and strives to
Please register in advance for all seminars, even if free, as seating is limited. Payment can appeal to photographers of every level. It instructs readers through opening February 1.
Jeremy Mason, CGA, is a former Tax Auditor
be made by phone by calling 905-874-2650 using Visa, MasterCard and Amex. You can entertaining and informative articles and imagery, using modern
also pay in person using credit card, cash, cheque and debit. Payment (if applicable) must for Revenue Canada, and is now in public
equipment and techniques to cover all aspects of outdoor photography.
be made at time of registration. Please give at least 48 hours notice for cancellations. A practice in Brampton, providing accounting,
minimum of 24 hours notice is required for a refund. Those who cancel without 24 hours tax consultation and advisory services to A long-time resident of Brampton, Roy said he’s thrilled that not only
notice – or are “no shows” – will still be charged. clients throughout the GTA. has he been able to launch a successful business in his hometown,
but also that he and other entrepreneurs are being recognized and
If you have questions concerning the above rewarded for their efforts by Brampton’s Small Business Enterprise
or other income tax related matters, please Centre and Shoppers World Brampton.
The 2008 Brampton Business Directory is now contact him at 905-451-2008,
available. The cost of the CD is $50 and is or email email@example.com.
available online at www.brampton.ca or at the Small Business Enterprise Centre 33 Queen St. W., 1st. Floor, Brampton, ON L6Y 1L9
Brampton Small Business Enterprise Centre at 33 Tel: 905-874-2650 • Fax: 905-874-2670 • www.brampton-business.com
Queen Street West, Brampton. Caledon Business Centre 12596 Hwy. #50 S., Bolton, ON L7E 5T5
Tel: 905-857-7393 • www.caledonchamber.com
Happy 10th Anniversary Brampton Enterprise Centre! Youth Programs 2008
All past and present clients are invited to join us at the Holiday Inn Select Brampton on March 3rd, 4-6 pm, to celebrate The Brampton Small Business Enterprise Centre runs two youth programs in partnership with the Ontario provincial government:
our 10th anniversary.
History • Customer service initiatives such as a 24/7 call centre SummerCompany
In February 1998, the City of Brampton Small Business Enterprise For the eighth exciting year, the Enterprise Centre will deliver the SummerCompany (2008) program in
In-Person Assistance Brampton and Caledon. SummerCompany is a student entrepreneurship program that will provide
Centre opened our doors at 33 Queen St. West to the burgeoning
business community. For the past decade, the Enterprise Centre We are very proud to continue to offer personal, one-on-one assistance. hands-on business training, mentoring and awards of up to $3000 to help enterprising young people
has been a haven for aspiring business owners looking for planning Aspiring and new business owners appreciate the opportunity to speak start and run their own summer businesses. It’s a great opportunity for young adults – who are 15-29
resources and support services to implement their business vision. to a “live” person on the phone, learn in traditional classroom settings and a full-time student – to develop entrepreneurial skills and build the experience that comes with
and meet in person for confidential consultations. We know how running a small business.
A joint project between the City of Brampton and the Province of valuable a personal discussion can be at a time when so much of
Ontario, the Centre also partnered with HRDC, the Brampton Board business is done through forms, websites and other automated For eligibility, guidelines and an application, visit www.summercompany.ca or call Jennifer Vivian
of Trade and private partners including The Royal Bank of Canada, processes. at the Enterprise Centre 905-874-3630. Deadline is early April 2008.
Microsoft and Bell. Ten years ago, the Centre primarily served
citizens in Brampton, with outreach services offered in Caledon Our Partners
and Orangeville. Our partners have been essential to our ability to expand our service
BizPlan 2008 – High School Business Plan Competition
offering. We are still closely aligned with the Province of Ontario, Attention all students: write a business plan for a real or fictional business and compete locally
now with the newly formed (May 2006) Ministry of Small Business and provincially for great prizes! Choose any business idea from small and simple to grand and
The Internet has changed the way people live their daily lives, and, and Entrepreneurship (MSBE), as well as with our federal partner creative. This unique learning opportunity is open to all secondary school students within
of course, how entrepreneurs do business! The information age has COBSC. Orangeville opened its own Enterprise Centre in 2003, and Brampton and Caledon. Full details on what’s required in the written plan are available by
brought significant changes to the Enterprise Centre, including: we launched a satellite centre in Bolton in 2004 with support from contacting the competition co-ordinator, Kelly Ballinger, at 905-874-2632.
• Our own website at www.brampton-business.com the Town of Caledon and Caledon Chamber of Commerce. Naturally,
we continue to work with the Brampton Board of Trade to serve the First Prize is $1500 in gift cards from Bramalea City Centre!
• Extensive resource websites, in particular our federal partner
local business community.
Canada-Ontario Business Service Centre,
Interested? For guidelines, visit www.brampton-business.com and click on “Youth Programs”. Deadline is Friday, May 23, 2008.
www.canadabusiness.ca/ontario RBC, formerly The Royal Bank of Canada, has remained a core partner
during our entire history, supporting our general operations as well as
• Instant on-line business name registration via the Ministry of
Government and Consumer Services our referral program and various special events. Other core private
partners include Reinders + Rieder and Brampton Business Executive
Products and Services
• BizPaL – an on-line listing of all City of Brampton, Region of Peel, Suites. Firms like Bramalea City Centre, Shoppers World Brampton,
Province of Ontario and Government of Canada permits and licences. Steps to Launching a Small
BDC and BMO have all sponsored various events or programs. Business CDROM
While maintaining all of the core services (information, guidance, The Enterprise Centre’s staff of four relies on countless community
consultations) we originally offered in 1998, we have added: volunteers who contribute to our seminars and programs with their $10 Introductory Price. Call or visit
• Expanded seminars/workshops time and expertise. We look forward to continuing this collaboration The Brampton Small Business Enterprise Centre • Free computer and Internet access www.brampton-business.com
in our shared goal of helping small business owners actualize their offers small business owners and entrepreneurs the • Reference library for on-site access to directories,
• Expanded referral program
visions. The next decade will no doubt include many more exciting following resources and services to establish trade indexes and business publications
• Seminars and events for established businesses successful business momentum:
changes! • Workshops and seminars
• Opening of our satellite office, the Caledon Business Centre in 2004
• Free consultations with a qualified business • Networking and professional development
Statistics 2008 Milestones: • Business plan reviews • Guidance on licences, permits, registration,
• On-site business registration regulations and other new business requirements
10 Year Totals*
• Accountant/lawyer referral program • Access to the Brampton Economic Development
Inquiries: 139,600 We will surpass… • Access to entrepreneur-specific materials Office
Referrals: 950 (since’03)
Seminars Held: 350 • 150,000 general inquiries
Seminar Attendance: 3,600
Outreach Activities 200 • 4,000 consultations
Outreach Attendance: 5,500
Special Events Held: 30 (since’04) • 1,000 referrals
Special Event Attendance: 1,250 (since’04) • 400 seminars
Registrations: 26,550 • 28,000 business registrations
Jobs Created: 16,650 (since’04)
*Nov. & Dec. 2007 estimated
We thank all of our partners
for their generous support: