Canada is one of the world’s wealthiest nations, its economy is the 11th largest in the world.
Canadian economy is based on services industry, primary sector – oil and logging industry, fishing and manufacturing sectors – automotive and aircraft industry.
International trade makes up a large part of the Canadian economy, particularly of its natural resources.Canada has one of the biggest trade turnover in the world – in 2014 foreign trade turnover exceeded $1000 billion.
The research conducted by an International Auditing Company KPMG proves that Canada is the most attractive country in the world to do business.
One of the main advantages is the low cost of resources – in Canada the cost of doing business is lower than in all other countries of the Group of Seven. The current operating expenses of any Canadian business on average 8-10% lower than the cost of similar businesses operating in the United States.
- Low land prices;
- Low cost of all construction work;
- Lowest cost of electricity in the world;L
- Low income taxes for industrial enterprises.
2. Canadian tax system is very attractive to do business.
The tax returns and planning is very simple. A lot of corporate costs can be deducted from earned profit to minimize the income tax. If the turnover of the corporation does not exceed $ 500,000 per year, the income tax rate is only 15%.
3. Government supports business.
Canada has a lot of federal and provincial programs to support small and medium-sized businesses.
4. Canadian financial system is the most sustainable in world
During the economic crisis of 2008, Canada was virtually the only “safe haven” in the world due to the strict and rigorous financial management. These achievements have been widely recognized – so in 2012 the head of the Bank of Canada Marc Carney was invited by the British government to lead the Bank of England.
WHAT DO WE OFFER:
- Registration and maintenance of corporations in Canada, with the provision of legal and postal address;
- Opening and management of the account in a Canadian bank;
- Keeping accounting and tax reporting;
- Selection of local staff;
- Research and report on the various sectors of the Canadian economy;
- Consulting and management of residential and commercial properties in Canada.