Canada, land of opportunities and where dreams come true.
However, the business environment in Canada is very complex and needs substantial knowledge to navigate. This is especially true for the entrepreneurs wanting to establish a new business or newcomers to Canada.
To be successful, you need to match your passion and skills to create value. This is easier said than done. We have accumulated a team of experienced professionals with a proven track record in Canada ready to assist you.
The Canadian Economy
Canada’s combination of natural resources, a productive service industry, and a highly educated population makes it one of the most prosperous economies in the world.
Over the last three quarters, the economy has expanded by almost 5%, and the number of available jobs increased by 1.8 %. The Canadian economy boasts of three major industries – service, manufacturing, and natural resources, and due to Canada’s ability to develop innovative ideas – ranked as 12th in the world in this category – these sectors will continue to inflate and prosper.
76% of the 19 million employed Canadians work in the service industry, followed by 13% in the manufacturing sector, 6% holds positions in construction, 2% have jobs in agriculture, and the remaining 3% work in other areas. Canada’s unemployment rate sits at a low 5.6%.
However, another industry is taking Canada by storm! With a lengthy list of tech start-ups happening across the country, as well as a significant need for sales workers in the tech industry, the tech sector has become an exciting point of conversation for Canadians. There is also a high demand for young sales talent within tech companies, making room for more job positions.
The northern country is also a worthwhile place to develop a business! Why? Let’s take a more in-depth look:
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When you start a new business in Canada, you will pay a low tax rate. In fact, the taxes you pay for a startup is the lowest amongst G7 countries.
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Canada’s strong economy ranks as the best country to do business among G20 nations.
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Canada loves to support innovation and research.
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There are a variety of great cities like Kitchener-Waterloo-Cambridge, Toronto, Montreal, Ottawa, Vancouver and Gatineau that have venture capital investment available, quick internet speed, reasonable living costs, and a line-up of people with tech expertise, making them great places for tech startup businesses.
Canada is looking for entrepreneurs
Canada’s continuous prosperous economy has created one of the wealthiest countries in the world, and its economic success comes from its extremely educated, multicultural workforce and its high ranking quality of life.
The Canadian government has developed a Start-Up Visa that provides entrepreneurs with permanent residency upon acceptance, which is unlike any country in the world! Once foreigners begin the program, Canada will work to connect them with private sectors who understand how to develop and build a startup.
Why Invest in Canada?
When foreigners think of Canada, they think of her beautiful mountain views, panoramic prairie sunsets, stunning coastlines, and friendly people who say ‘eh’ and ‘sorry’ multiple times a day.
However, they may not know that Canada has created an environment to encourage business success. Canada holds the distinction of being the easiest location in the G20 to start a business. We continue to lead the G7 nations in economic growth and have four of the top 10 financial centres in North America. Canada also ranks highly in other essential positions across the world, making it an attractive economy for investors.
Here’s how Canada ranks in comparison to other countries —
Number one country for business expansion
The countries within the G7 hold 58% of the world’s wealth, and Canada ranks as number one in a variety of important categories. If you are looking to start a new business, Canada is where you want to go. Why?
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It beat out countries like Japan, America, and the UK for the top position in the G7 for the place that takes the shortest amounts of days to form a new business.
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If you fear taxes, Canada also takes the number one ranking for the country with the lowest total effective taxes in the G7.
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Our workforce in the OECD is the most educated in the G7.
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Canada has the soundest banking system in the world – ranking was out of 144 countries.
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According to the Bloomberg Innovation Index, Canada takes the 12th position for being the most innovative country out of 144 countries. Canada’s reputable education system – 97% of our population have completed secondary school – and our upcoming talent will work to enhance Canada’s innovative, creative business ideas, contributing to a robust and efficient economy. Our Gen Y age group ranks as number one in the world for prospective talent and strong education.
Canada has some of the most liveable and safe cities
With only 37 million people populating the second largest area in the world, Canada is not just a space for fresh air and clean lungs, but also a great place to live! Our major cities – Toronto, Vancouver, Calgary – rank within the top five of the most liveable cities to live in the world. Speaking of habitable and safe, our economy, according to the Corruptions Perceptions Index, takes the ninth spot for being the least corrupt economy in the world – this ranking was in comparison to 168 countries. Canada also has a reliable, developed world-class health care system, which is considered one of the best in the world.
Canada’s high ranking education system, liveable cities, pristine environment, innovative thinkers, safe economy and banking system allows businesses to build a platform that will thrive and prosper. If you aren’t convinced, Hootsuite, IMAX, Cineplex, Mountain Equipment Co-op, and ROGERS are just some of the many successful companies created in Canada.