Business in Canada – A Lot to be Proud of

Business in Canada – Why it is a Good Place for Business

Every time the United States presidential election draws near, a bunch of Americans threaten to pack up their things and move to Canada if their preferred electorate isn’t victorious. Most of these threats are all bark and no bite. The outlook for business in Canada might be reason enough for these jokers to reconsider.

Canada was selected as the number one best country for business by Forbes. While economic problems continue to arise in the United States and Europe, Canada has been doing quite well in comparison to most other nations. Forbes considers 11 different factors for 134 nations when determining what countries are best for business including taxes, technology, property rights, red tape, corruption, innovation, personal, trade and monetary freedom, stock market performance and investor protection.

Canadian banks managed to miss the bank crash seen in the United States and Europe, avoiding government bailouts and having substantial profits throughout the latest economic drought that began in 2007. Their success during these hard times and cautious lending habits helped them emerge as part of one of the strongest banking systems in the world.

Business in Canada - Reasons Why Canada is a Good Place for Business

• Canada is the best country in the G-7 group of nations for business prospects in the next five years by the Economist Intelligence Unit
• Canada is the #2 country in the G-7 group for incentive to perform research and development and there are considerate programs to help with commercialization in all levels of government
• Has the overall lowest tax rate on businesses in the G-7
• Canada is #1 in the OECD - Organization for Economic Cooperation and Development for post-secondary completion rates
• Canada is #3 by the OECD for quality of administration schools, giving our nation an exceedingly educated work force
• Canada is the easiest country to start a business in by the World Bank
• The buyout sector in Canada has outperformed Europe and the United States completely

Interested to learn more about Canadian Economics and Business in Canada? Look at out our Canadian Economics Summary for more!