From coast to coast, Canada is home to a well-educated, highly literate population and a number of excellent universities. Many giant technology companies are looking into Canadian universities to attract young, patinate, and educated professionals. Many top-ranked universities were able to attract millions of dollars in funding from huge companies in different sectors.
It’s easy to do business
The World Bank Group ranks Canada as the second-best country to start a company in the G20, and sixth worldwide. Canada also ranks highly in the ease of accessing credit and minority investor rights.
It is a simple and user-friendly process to start a business in Canada that can be completed within 1 to 4 days. To complete the process, business owners only need to apply for federal or provincial incorporation and register for VAT.
Access to diverse candidates
With about half its population made up of immigrants from 230 countries, Toronto has been named the most diverse city in the world. As a way of replenishing an ageing population, Canada as a whole has welcomed immigration, accepting more than 800,000 immigrants in the past five years alone. In urban centres, most immigrants to Canada settle, thereby growing the future talent pool for start-ups.
Supporting Governments
Tax benefits: Foreigners with companies founded in Canada are still eligible to apply for a number of tax incentives that help defray the costs of R&D, supplies, overhead, and contract expenses for employees. The tax incentive programme for Scientific Research and Experimental Growth (SR&ED) and the Manufacturing Tax and Research Program provide some examples.
Safe and cheap workplace
Around the 75Cent US mark, the Canadian dollar continues to enable foreign investors with their money, including labour, to purchase more of anything. And Canada’s universal medical insurance means that to keep workers safe, less direct investment is needed.[/vc_column_text][/vc_column][/vc_row]
