Canada is the world’s second-largest country by land area and has the 10th-largest economy. A well-educated workforce, a wealth of natural resources and free trade arrangements with many of the world’s major economies make the Canadian markets a top choice for business investments. Canada also has one of the soundest banking systems in the world. A strict regulatory bank environment has helped Canadian banks navigate through the global financial crisis better than many international banks.
With one of the largest and most diverse supplies of energy in the world, Canada has the third-largest global supply of oil reserves and third-largest reserves of uranium. The country’s energy resources continue to be an important factor in shaping the economic outlook and positively influencing the overall business climate.
Expanding business operations into Canada is a large decision, and business owners have many considerations prior to beginning this process. For example, what is the best legal entity for a U.S. company doing business in Canada? What is the local tax rate? What local licensing requirements apply to your business? This guide leverages the extensive experience and knowledge of CT Corporation’s experts in order to provide a better understanding of what doing business in Canada entails and how to stay compliant.
Check out our guide to Canada – learn what the main types of legal entities are and more.