With over “98 per cent of businesses in B.C. fall under the government’s definition of a small business (having 50 or fewer employees)” trying to make British Columbia the most small business friendly province could affect the turnout of future businesses. With having 50% of the provinces GDP coming from small busienesses I think it is great that Naomi Yamamoto, the minister of state of small business is trying to help bring down the taxes that small businesses pay. In current days high property tax, and other costs are affecting many companies around the province. These taxes make it hard for individuals to open their business or maintain it. By helping out these businesses, BC in not only allowing individuals to have jobs, but also benefiting the province itself, by increasing the provinces GDP. With this new program, individuals now have better incentives to start their own business, and potentially move their small business into British Columbia, if the business environments are right.

reference:

http://www.theprovince.com/business/smallbusiness/Minister+aims+make+small+business+friendly+Delta/7432519/story.html#axzz2CNFwRgC3