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- Tax Avantages
- Canada´s corporate tax rate is 35.4% at present, and this rate is set to decline to 31.8% by 2010
- By contrast, the US tax rate is presently 39.0%. Even expected future declines will only lower the rate to 36.9% in 2010. This is 5.1% higher than Canada's expected rate
- Canada offers the most favourable tax treatment of R&D expenditures in the G7.
- Low Business Costs
- A survey in 2006 by KPMG found the cost of doing business in Canada lower than the cost in all other G7 countries
- This assessment examined the cost of premises, labour, transportation and distribution, utilities, financing and taxes.
- Close Proximity to Significant Business
- In 2005, trade between the US and Canada amounted to US$607 billion
- Canada is the US´s largest trading partner, responsible for nearly 20% of total trade
- The North American Free Trade Agreement created the world´s largest trade bloc, with a combined population of over 430 million people and annual Gross Domestic Product exceeding US$13 trillion
- When finalized, the Free Trade Agreement of the Americas will become the largest free trade area in the world, including all countries of North and South America.
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Pragmaticus International Immigration.
Pragmaticus International Immigration.
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Wednesday, February 20, 2008 10:01 PM