AGP Executive Report
Last update: 5 hours agoCard Costs: Visa will lower interchange fees from Oct. 24 for Canadian businesses with up to C$750,000 in annual Visa sales, but processors face a 1.8-cent-per-transaction fee increase next April that may be passed on to merchants. Red Tape: Ottawa’s new directive requires regulators to cut compliance costs by $2 for every $1 added. CFIB welcomed the move, while warning that how it is applied will matter to small firms. Saskatchewan Business: Small firms make up 98.8% of the province’s businesses, employ about 30% of its workforce and paid more than $8.3 billion in wages and salaries, the province said during Small Business Week. Tax Relief: CFIB is urging Ottawa to reduce the federal small-business tax rate from 9% to 6%, saying rising costs are squeezing owners’ ability to grow and raise pay. Payments: FreshBooks users in Canada can now offer Klarna’s pay-in-full, instalment and financing options through their invoices, giving customers more flexibility while aiming to support merchants’ cash flow.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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