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Aspiring entrepreneurs invited to be part of upcoming Red Deer College events

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Red Deer, December 4, 2018 – This winter, Red Deer College will be hosting two opportunities that will help to educate and encourage future small business owners. The Business Basics for the Aspiring Entrepreneur Seminar along with Breakthrough Your Business, a Dragon’s Den-style competition, will help people learn how to develop and then pitch their business ideas.

“Central Alberta is filled with people who have innovative ideas and entrepreneurial spirits,” says Darcy Mykytyshyn, Dean of RDC’s Donald School of Business. “The two events we’re offering provide unique opportunities to introduce people to foundational business knowledge and skills that will help them transform their ideas into actionable business plans.”

Business Basics for the Aspiring Entrepreneur is a one-day seminar that is open to anyone, including RDC alumni living in Alberta. The free event will provide information for people interested in starting and operating a small business. Topics will include legal structure and risk management, financing, accounting, sales and marketing, entrepreneurism, tips for success, key steps, and lessons learned.

For those looking to elevate their business ideas to the next level, the Breakthrough Your Business competition will provide an opportunity to create a proposal and business plan, which they will then present to a panel of judges. The first and second place winners will be awarded ,000 and ,000, respectively, to help them start their small businesses. Each winner will also receive a 0 tuition voucher for RDC’s School of Continuing Education.

Local philanthropists, Joan and Jack Donald, have sponsored this event since it was first created, dedicating their time through mentorship and donating a total of ,000 in prize money over the years. As business owners, they understand the challenges that can come from starting a new business. They believe the learning and opportunities from Breakthrough Your Business will help support local entrepreneurs to make timely, sound decisions as they pursue their business goals.

“There are many good opportunities lost and precious time wasted for lack of a timely decision,” says Jack Donald. “Both Joan and I have always followed this rule: marshal the facts, make a decision and move on. As long as you make more ‘good’ decisions than ‘poor’ ones you will prosper. This Breakthrough Your Business event is a great opportunity.”

To help this year’s participants prepare for the event, competitors will have the opportunity to partner with students to develop the business proposals.

“This is a great example of collaboration and learning, with students from the Donald School of Business working with local people to help them develop viable business plans,” says Mykytyshyn. “It’s a practical learning opportunity that has benefits for everyone involved.”

Anyone competing in Breakthrough Your Business must participate in the Business Basics Seminar, either this year or in the past years, as the learning from this seminar will help to position them for success in the competition and in their future businesses.

People interested in participating in Business Basics for the Aspiring Entrepreneur Seminar and Breakthrough Your Business are encouraged to be aware of the upcoming dates and deadlines for the events:

January 18, 2019 – January 26, 2019 – February 15, 2019 – February 22, 2019 – March 9, 2019

Expression of Interest registration deadline for Breakthrough Your Business Business Basics Seminar (required for Breakthrough Your Business) Submission deadline for Breakthrough Your Business

Final five contestants notified for Breakthrough Your Business Breakthrough Your Business

For further details, contact [email protected].

About RDC: For 55 years, RDC has been proudly serving its learners and communities. The College continues to grow programs, facilities and opportunities as it transitions to become a comprehensive regional teaching university during the next three to five years. This year, RDC will add seven new programs to more than 100 established programs (including full degrees, certificates, diplomas and skilled trades programs). RDC educates 7,500 full-and part-time credit students and more than 38,000 youth and adult learners in the School of Continuing Education each year. The College is expanding its teaching, learning, athletic and living spaces with the additions of the state-of-the-art Gary W. Harris Canada Games Centre/Centre des Jeux du Canada Gary W. Harris, Alternative Energy Lab and construction of a new Residence which all enhance RDC’s Alternative Energy Initiative. Main campus is strategically situated on 290 acres of Alberta’s natural landscape along Queen Elizabeth II Highway. RDC is also proud to serve its Donald School of Business students housed at a downtown campus, located in the Millennium Centre, in addition to housing teaching and learning space at the Welikoklad Event Centre.

For more information on RDC, please visit: rdc.ab.ca| twitter | facebook | instagram

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Balanced budget within reach—if Ottawa restrains spending

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From the Fraser Institute

By Jake Fuss and Grady Munro

This level of debt-financed spending has contributed to an estimated $941.9 billion increase in gross federal debt from 2014/15 to 2023/24. In other words, partly due to its spending habits, nearly one in every two dollars of debt currently held by the federal government has been accumulated under Prime Minister Trudeau.

The Trudeau government will table its next budget on April 16. Federal finances have deteriorated in recent years due to the Trudeau government’s string of budget deficits, and high spending has led to a significant amount of debt accumulation, which imposes costs on current and future generations. Yet if the government presents a plan in Budget 2024 to rein in spending growth, it could balance the budget in two years.

Far from its promise to balance the budget by 2019, the Trudeau government has instead run nine consecutive deficits during its time in office. And it doesn’t intend to stop, with annual deficits exceeding $18 billion planned for the next five years.

The root cause of these deficits is the government’s inability to restrain spending. Since 2014/15, annual program spending (total spending minus debt interest) has increased $193.6 billion—or 75.5 per cent. If we control for population growth and inflation, this represents an extra $2,330 per person.

This level of debt-financed spending has contributed to an estimated $941.9 billion increase in gross federal debt from 2014/15 to 2023/24. In other words, partly due to its spending habits, nearly one in every two dollars of debt currently held by the federal government has been accumulated under Prime Minister Trudeau. Debt accumulation will only continue barring a change in course, as the federal government is expected to add another $476.9 billion in gross debt over the next five years.

Simply put, the Trudeau government’s approach towards federal finances has been characterized by high spending, large deficits and significant debt accumulation.

This approach to fiscal policy is concerning. Growing government debt leads to higher debt interest costs, all else equal, which eat up taxpayer dollars that could otherwise have provided services or tax relief for Canadians. And these costs are not trivial. For example, in 2023/24 the federal government is expected to spend more to service its debt ($46.5 billion) than on child-care benefits ($31.2 billion).

Accumulating debt today also increases the tax burden on future generations of Canadians—who are ultimately responsible for paying off this debt. Research suggests this effect could be disproportionate, with future generations needing to pay back a dollar borrowed today with more than one dollar in future taxes.

Although the Trudeau government promises more of the same for the coming years, this need not be the case. Instead, a recent study shows the federal government could balance the budget in two years if it slows spending growth starting in 2024/25. The following figures highlight this approach. The first chart below displays currently planned federal program spending from 2023/24 to 2026/27, compared with the spending path that will balance the budget, while the second chart shows the resulting budgetary balances.

Figure 1

Figure 2

As shown by the first chart, to balance the budget by 2026/27 the federal government must limit annual spending growth to 0.3 per cent for two years. As a result, annual nominal program spending would rise from $469.4 billion in 2024/25 to $472.3 billion in 2026/27. For comparison, the Trudeau government currently plans to increase annual spending up to $499.4 billion during that same period.

Should the government implement this level of spending restraint, the federal deficit would shrink to $21.8 billion in 2025/26 (as opposed to $38.3 billion), and the budget would be balanced by 2026/27 (as opposed to a $27.1 billion deficit). All told, by slowing spending growth to balance the budget, the federal government would avoid accumulating significant debt. Moreover, this also sets the government up to return to budget surpluses in the following years, which could be used to start chipping away at the mountain of federal debt already on the books.

Rather than continue its current approach to fiscal policy, and risk needing to employ more drastic cuts in the future, the Trudeau government should implement modest spending restraint now and balance the budget.

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Police admit Canadian bribery scandal was nixed without talking to Trudeau, reviewing records

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From LifeSiteNews

By Anthony Murdoch

The Royal Canadian Mounted Police believed there was political pressure to dismiss a government bribery case against engineering firm SNC-Lavalin in 2019 but claimed there was insufficient evidence to proceed.

The Royal Canadian Mounted Police (RCMP) confirmed that it never talked with Prime Minister Justin Trudeau or was able to view secret cabinet records before dismissing charges in a bribery scandal involving the large engineering firm SNC-Lavalin.

The RCMP’s admission came after intense questioning before the House of Commons ethics committee late last month.

As per Blacklock’s ReporterRCMP commissioner Michael Duheme testified, “No one is above the law,” adding that there was “insufficient evidence to proceed” with the investigation.

In a 2021 memo titled RCMP Assessment Report: Obstruction of Justice SNC-Lavalin Affair obtained from Access to Information requests last October by Democracy Watch, the RCMP noted that it did not doubt there was indeed political pressure to stop criminal prosecution of SNC-Lavalin.

“However, for it to be an offence under the Criminal Code, there must be more than a technical violation,” the 2021 memo read.

During the House of Commons ethics committee meeting in February, Duheme said he had considered the SNC-Lavalin case routine, noting, “We approach every investigation in the same manner.”

Staff Sergeant Frédéric Pincince, who serves as a director of investigations, admitted that the RCMP never questioned Trudeau in the SNC-Lavalin case but gave no reason.

“He was not interviewed,” testified Pincince, to which Conservative MP Larry Brock asked, “Was there at least an attempt to interview Justin Trudeau?”

“No,” Pincince replied.

In October 2023, Canadian Liberal MPs on the ethics committee voted to stop the RCMP from testifying about the SNC-Lavalin bribery scandal.

In June 2023, LifeSiteNews reported that the RCMP denied it was looking into whether Trudeau and his cabinet committed obstruction of justice concerning the SNC-Lavalin bribery scandal.

SNC-Lavalin was faced with changes of corruption and fraud concerning about $48 million in payments made to Libyan government officials between 2001 and 2011. The company had hoped to be spared a trial and prosecution deferred prosecution agreement.

However, then-Attorney General Jody Wilson-Raybould did not go along with Trudeau’s plan, which would have allegedly appeared to help SNC-Lavalin. In 2019, she contended that both Trudeau and his top Liberal officials had inappropriately applied pressure on her for four months to directly intervene in the criminal prosecution of Montreal-based global engineering firm SNC-Lavalin relating to its scandal involving corruption and bribery charges connected to government contracts it once had in Libya.

Commissioner mum on whether there was ‘reluctance’ to charge a sitting PM

During the ethics committee meeting, Brock asked Duheme if there was an “overall general reluctance in charging a sitting Prime Minister?”

“I would say to that, we follow the evidence and if the evidence warrants charges, we charge,” Duheme replied.

Brock then asked if the RCMP obtained “all relevant documents to further the investigation?”

Duheme admitted that “we were limited with the information that we had access to.”

Brock pressed him, asking, “Is that a yes or no, sir?” to which Duheme replied, “I don’t know,” adding, “We didn’t know.”

“We don’t know, we still don’t know to this day all the information that is out there,” Duheme responded.

Brock then pressed Duheme, asking why the RCMP did not “exercise its absolute statutory right under the Criminal Code to obtain a production order or search warrant from a justice to obtain those cabinet documents?”

Duheme said the RCMP were not “able to obtain enough information or evidence.”

As for the initial investigation concerning SNC-Lavalin, Wilson-Raybould testified in early 2019 to Canada’s justice committee that she believed she was moved from her then-justice cabinet posting to veterans’ affairs due to the fact she did not grant a request from SNC-Lavalin for a deferred prosecution agreement rather than a criminal trial.

Of note is that a criminal conviction would have banned the company from landing any government contracts for 10 years.

Trudeau flat-out denied it was being investigated by the RCMP.

Less than four years ago, Trudeau was found to have broken the federal ethics laws, or Section 9 of the Conflict of Interest Act, for his role in pressuring Wilson-Raybould.

On February 12, 2019, Wilson-Raybould resigned from her veterans’ affairs post and Treasury Board president Jane Philpott quit in March 2019. They both cited a lack of confidence in the Liberal government’s handling of the scandal.

Then, in April 2019, Trudeau turfed Wilson-Raybould and Philpott from his caucus, meaning they were no longer part of the Liberal Party.

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