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Canada
Why Canada?
Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over 9.98 million square kilometres (3.85 million square miles), making it the world’s second-largest country by total area. Divided into six time zones, Canada is the largest country in the Western Hemisphere. It is slightly larger than the US, and 18 times the size of France. Canada is the largest country of North America and the second largest country in the world. It has 13 sub national divisions, ten provinces, and three territories with each province having its own system of local government. The country is among the world’s wealthiest nations, moreover, the backbone of country’s economy is the service industry, which employs about three quarters of the country’s workforce. Wood and oil industry as well as the manufacturing industry with its automobile and aircraft are the other important economic sectors of the country. Canada is a member of the Organization for Economic Cooperation and Development (OECD) and the Group of Seven (G7).
Advantages
Having United States’ just to its north, makes the idea of doing business in Canada attractive for investors. The followings are the top benefits for choosing Canada as an international expansion destination.
Lower corporate taxes
Because of the highest corporate tax rates in their native countries, foreign business owners and entrepreneurs wish to enter into the Canadian market. As the country maintains lowest tax rates, it becomes an attractive destination to foreign investors and business owners.
A stable economy
A member of both the Organization for Economic Cooperation and the Group of Seven, Canada’s is considered one of the most stable economies in the world. As per the Forbes’ Best Countries for Business list, the country holds the first place. In comparison to a countries such as the US, Canada has a reasonable stable economy, which prevents from the risks of business shutdowns. Moreover, some of the main reasons for this economic stability are low tax rates, freedom to do trade and the well managed bureaucracy.
Skilled workforce
Having top ranking universities and quality institutes for vocational training, Canada has a high accessibility to skilled people in the workforce. If anyone planning to do business in Canada, finding out the skilled workers would be an easy task.
Connection with world
- Bounded by three oceans and traversing six time zones, Canada is the second largest country on earth.
- For business owners, it is good to know that Canada has over 550 port facilities.
- There are 18 best airports in Canada, wherein, Toronto is one of the most active airports in Canada.
A great place to live
Canada is amongst one of the most liveable countries in the world. It offers a clean environment, modern infrastructure and a desirable quality of life. Moreover, the people have the freedom to choose their desired employments.