Operating your business in Canada means lower costs for your company. Your success and ability to grow your business is directly related to the cost of doing business here. According to the KPMG Competitive Alternatives 2016 Report, overall Canada ranks second of the Top 10 countries with the lowest business costs, ahead of countries such as Australia, Germany, Japan and the U.S. Canada’s costs are 14.6 percent lower than the U.S. alone.
In individual areas, Canada ranked:
- 1st in corporate tax rates
- 1st in digital tax rates
- 2nd in labour costs
- 2nd in transportation
- 2nd in corporate tax
- 2nd in manufacturing
- 3rd in facility costs; and
- 3rd in research and development costs
The high value of the U.S. dollar has helped provide a competitive advantage to Canadian cities.