|
Low
cost of business
On
average, Canada's cost of business is 15.7 percent lower than United States.
The overall after-tax advantage is 6.7 percent.
Population
with high income
According to the United Nations' Human Development Index, an aggregate
measure based on three composite indexes that rate life expectancy, education
and income, Canada ranked number one in the world in 1995. (Canada Business
Facts)
Highly
developed infrastructure and educated workforce
Education is a priority. Canada ranks first among G7 countries in per
capita post-secondary education enrolment with about 1.4 million students
enrolled on a full or part-time basis. Almost 50 percent of the Canadian
labour force has a post-secondary degree, diploma or certificate.
Minimal
restriction on foreign direct investment
Investment protection agreements and bilateral treaties on double taxation
facilitates convenience in foreign direct investment.
Heaven
for R&D
Canada is the world's leading location for research and development (R&D).
Canada's research and development (R&D) tax incentive system is one of
the most generous among industrialized countries, not to mention its abundance
supply of leading-edge researchers.
Strong
in economic strength
Canada ranks fourth in the World Economic Forum's 1997 study of economic
competitiveness. Its strengths are derived from its minimal restriction
to investment, a high level of infrastructure, the availability of technology
expertise and a highly skilled workforce and a well-developed system of
public safety and legal institution. The Canadian market is rich and developed.
Its ethnically diverse population spends over C$500 billion annually on
consumer products. Canada is the seventh largest exporter and the eighth
largest importer in the world. Through the North American Free Trade Agreement
(NAFTA), companies based in Canada have preferred access to a North American
market of 386 million people, with a combined gross domestic product (GDP)
of roughly US$11 trillion.
Canada possesses an
abundance supply of natural resources such as lumber, minerals, and fisheries.
Canada's area of expertise extends to some of the most promising sectors
such as, information technology, medical devices, biotechnology, and pharmaceuticals.
|