Business expert says GST Tax holiday is becoming a "financial fiasco" for small business owners

    Monday, 23 December 2024 12:00

    By Tonya Organ

    Beverlee Rasmussen has worked with over 700 small businesses. She says small business owners are still confused about how to apply the new rules.

    According to a leading expert on Canadian small businesses, the GST tax holiday is becoming a financial fiasco for owners. Beverlee Rasmussen has worked with over 700 small businesses. She says small business owners are still confused about how to apply the new rules. Rasmussen says business owners are spending a lot of time implementing the tax holiday through their point of sales systems. She says most business owners are not seeing a jump in sales and they’re worried about how it will impact them come tax time. Rasmussen is the author of the book“ Small business big opportunity.”  

    To report an error, submit a news tip, or provide feedback, please e-mail news@bayfm.ca or call (709) 637-0183.

    More from Local News

     

     

     

    BayFM recognizes support from the following agencies:

                        

    Today's Weather

    • Corner Brook

      Heavy snow

      High: -1°C | Low: -5°C

    • Deer Lake

      Heavy snow

      High: -1°C | Low: -6°C

    • Stephenville

      Heavy snow

      High: -2°C | Low: -4°C

    Recently Played

    Podcasts

    • Center Stage with Stella

      Center Stage with Stella, Wednesday March 11, 2026

      This week's musical guest is Lorna Lovell

    • The Plain Truth

      The Plain Truth, Wednesday March 11, 2026

      March is Nutrition Month, nutrition starts with access to healthy options

    • BayFM On-Demand

      53rd Corner Brook Winter Carnival Wrap-up

      Sandra Elms and Dawn King on Bay Fm Friday morning February 27