Why Canada
Canada has the tenth largest economy in the world, is one of the world's wealthiest nations, has one of the highest levels of economic freedom in the world and is a member of the Organization for Economic Co-operation and Development (OECD) and the Group of Eight (G8). According to the World Bank statistics for 2012, Canada ranks 13th in the overall "Ease of Doing Business" list of 183 economies.
Current situation on the world markets challenges businesses and individuals to seek for better solutions to increase profitability, expertise and optimize resources. This requires thorough planning and the right structures to sustain growth and stability.
Canada’s Advantages
The economic climate of the last few years has been very challenging. However, Canada is emerging from the global recession as one of the world’s top-performing advanced economies. Since 2008, Canada has exhibited one of the fastest rates of economic growth in the G-8—an economic performance that the Organisation for Economic Co-operation and Development projects will continue over the 2011–2012 period.
Canada offers many advantages as an investment destination for global business, including:
- the lowest overall tax rate on new business investment in the G-8;
- the lowest overall business costs in the G-8, according to KPMG;
- the best place in G-8 to do business for the next five years (2011–2015), according to the Economist Intelligence Unit;
- the lowest debt burden in the G-8;
- the world’s soundest banking system, according to the World Economic Forum;
- one of the highest proportion of post-secondary graduates in the Organisation for Economic Cooperation and Development;
- a strong track record for industry-government-academic collaboration in the pursuit of research and innovation;
- the first G-20 country to offer a tariff-free zone for imports of machinery and equipment;
- the highest quality of life in the G-8 according to Swiss-based Institute for Management Development.
Canada is implementing a low tax plan for jobs and economic growth and is committed to a broad and ambitious free trade plan that is opening new markets, offering a gateway to North America and creating opportunities for those who invest here.
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