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How social enterprises are organized in Canada

Vancouver has a whole area where the homeless and drug addicted live – East Hasting. More precisely, it is more than district- it is a community with its own community garden, community center, community market and other services. Businesses in East Hasting hire a homeless person and provide discounted rates. As a result, these people have jobs, opportunities to rehabilitate and socialize. And most importantly, all over Canada, there is no longer a place to dine well for only 5 USD.

Canadians do not know very well what social entrepreneurship is, they just like to eat,” says Halyna Paliichuk. She has been living in Canada for 3 years, taught business ethics at the British Columbia Institute of Technology and even tried to start her own business.

In Canada, being a volunteer or a member of an active community is fashionable. And the legal conditions for small and medium-sized businesses are more favorable than in Ukraine.
In the least, you can acquire business skills at a Small Business BC government organization in Vancouver. There they are trained to build their own business and help with contacts of the right specialists.

Social enterprises do not have separate tax privileges. Instead, there are opportunities to get a profitable loan. For example, BDS (Bank Development Canada) and Vancity Credit Union provide profitable loans for social entrepreneurs.

In addition, social businesses and large companies may receive a B-corps certificate, certifying the organization’s social contribution (of course, if any). An external company audit is not required to obtain such a certificate, with no legal form of organization or paper confirmation of a social mission in the company’s charter. By itself, the B-corps certificate gives nothing but certifies that the company is socially responsible.