Page 18 - FDI Alliance International Magazine Summer 2020 Digital Interactive Issue

GOVERNOR
PRIME MINISTER
JUSTIN TRUDEAU
BRIAN KEMP

WELCOME TO

CANADA

Canada is a country located in the northern part aluminum, cadmium, coal, copper, gold, lead, continually goes down.
of North America. The Prime Minister is Justin nickel, zinc and uranium. Certain areas of The Income Tax Treaty has the possibility to
Trudeau. This is the second largest country by Canada also export energy. Whether it’s natural remove some of the responsibility for companies
total area in the world. Just south of Canada gas, large oil and gas resources, they are one based in the United States. This is design for
is the border to the United States. The capital of the few developing nations to achieve this. businesses that are headquartered outside of
of this vast country is is Ottawa. Montreal, Canada. If your company does not have a
Toronto and Vancouver are the three largest The infrastructure in Canada is very highly permanent establishment then your operational
metropolitan areas in the country. developed. They have a state-of-the-art telephone profits are not subject to Canadian income tax.
system that’s supported by a satellite system an
Nicknamed the Great White North, Canada earth-based relay centers as well as international There are many cultural similarities between
is known for its cool climate and cold winters. underwater cables. These cables stretch across Canada and the United States. Many of the
They are known for their maple syrup which the Atlantic and and the Pacific oceans. demographics are similar with close statistics in
is drawn from the sap of maple trees. In fact, terms of ethnicities. The predominant language
their flag even has a maple leaf on it. Many Their transportation system includes railways, of English is the same language used in the
Canadians enjoy their love of the sport of highways, expressways, air travel as well as United States. There are some exceptions where
hockey. With such an advanced economy, it waterway travel. Canada has a very developed French is used such as Quebec.
is the 10th largest in the world. It is also one railway system which moves freight with ease.
of the worlds top 10 trading nations and has a The trucking industry takes advantage of the There is also a highly skilled Workforce. Many
highly globalized economy. Canada has been many highways and expressways.There are 20 of the skilled workers rage in an age from 25
noted as one of the least corrupt countries in major ports with the busiest port being located to 55 years old. Canada has the fifth largest
the world. in Vancouver on the West coast. Some of the Workforce in Artificial Intelligence. Some major
smaller ships just travel on the great lakes but corporations in Canada include, Brookfield Asset
Manufacturing, mining and service sectors have there is also access for vessels to sail from the Management, Bank of Nova Scotia , Enbridge ,
transformed the economy into being more Atlantic. Toronto-Dominion Bank, Alimentation Couche-
industrialized and urban. Utilizing the production Tard, Royal Bank of Canada, George Weston,
of raw materials, such as farming, forestry, Due to the close proximity to the United States, Magna International, Power Corp., and Manulife
fishing and mining have proven successful. Canada is a desirable location for many Financial.
The two more prominent components are the businesses. With a stable banking system and
forestry and petroleum industries. one of the world’s lowest corporate tax rates, Canada is a premier location due to its trade
this country is able to become an investment freedom, investor protection, low corporate
It is one of the world’s largest suppliers of dream. By continuing to lower the corporate tax rates, and low corruption. There’s a steady
agricultural products such a sweet, canola tax rate, Canada is ideal for international growth projected for Canada which would
and other grains. There a leading exporter of companies. The rate is ever-changing and make an ideal location for any business.

18. FDI ALLIANCE INTERNATIONAL