Ahead of our webinar on doing business in Canada, our
local expert takes a look at just a few of the reasons Canada is
calling to the world.
A quick glance at the Canadian Trade Commissioner's Service
briefings and you'll see they answer the question "Why
invest in Canada?" with a simple equation: Innovation +
Stability = Profitability.
Seems pretty enticing, right?
Canada is ranked No 2 for starting a business on the World
Bank's Ease of Doing Business In rankings, and is No 16 overall
(thanks mainly to lower rankings in dealing with construction
permits and getting electricity). It ranks well for getting credit,
protecting minority investors and paying taxes, all of which are
essential to operating a business across borders.
Beyond the pure statistical, though, why should you consider
Canada for your next frontier? With thanks to the Canadian Trade Commissioner, here's just a
Canada led all G7 countries in economic growth over the past
decade, according to the World Bank, and it also leads the G7 with
the lowest overall tax rate on new business investment. The World
Economic Forum has declared the Canadian banking system to be the
soundest in the world for seven years running – that is,
throughout the Global Financial Crisis – which, when added to
the political stability enjoyed by the giant country north of
Niagara Falls, gives a pretty compelling argument for investment
Standard of living
One of the most multicultural countries in the world, Canada
boasts world-class universities, a universal health care system and
clean and friendly cities. It has the second-highest standard of
living in the G20 as measured by GDP per capital. Half of its
working age population has tertiary-level education, making it
among the most highly educated workforces in the OECD.
With one of the lowest business costs in the G7 for
R&D-intensive sectors – and a 15.8% cost advantage of the
US – Canada's business environment is strong. Plus, once
CETA comes into force, foreign investors in Canada will have
assured preferential access to both NAFTA and the EU, a vibrant
market with a combined GDP of US$35 trillion, or nearly one-half of
the world's output of goods and services.
As for industries? Consider this: Canada is the world's
fifth-largest energy producer, sixth-largest oil producer and
third-largest natural gas producer. Then there's the mining:
the world's largest source of many minerals including nickel,
zinc and uranium.
To find out more about doing business in Canada, join our
webinar on 28 January at 0800 EST. Experts from TMF Group and
Cushman & Wakefield will cover real estate purchases,
investments and business immigration in Canada, as well as
up-to-the-minute insights on challenges and opportunities.
Register to get full details.
While that agreement mandated export measures on Canadian softwood lumber exports destined for the United States, it also protected those lumber exports from the potential imposition of onerous import measures by the U.S.
On September 29, 2016, the Supreme Court of Canada issued its first tariff classification decision since Canada signed the International Convention on the Harmonized Commodity Description and Coding System in 1998.
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).