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Topics Recent population trends, GNP Import/export by comodity groupings

InterGest THE ART OF BEING LOCAL WORLDWIDE Canada – a brief introduction to today‘s business environment. Canadas Business Environment. Topics Recent population trends, GNP Import/export by comodity groupings Imports by selected countries The Canadian banking environemnt Taxation

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Topics Recent population trends, GNP Import/export by comodity groupings

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  1. InterGestTHE ART OF BEING LOCAL WORLDWIDECanada – a brief introduction to today‘s business environment

  2. Canadas Business Environment • Topics • Recent population trends, GNP • Import/export by comoditygroupings • Imports by selected countries • The Canadian bankingenvironemnt • Taxation • Workforce • Gateway to theworld

  3. Recent Population, GNP and Trade Trends • Canadian Population Trends - 1946 to 2056 (in millions): • 1946: 12.3 • Today (2012): 34.5 ; Expected 2056: 42.4 • Most recent and all later increases due to immigration. • Overall populations growth approximately 1% per year. • GDP 2010: $1.324 tril. • Trend over the last few years generally better than G8 members. • Exports as a proportion of GNP: 28.2% (based on 2010 data)

  4. Canadian Export and Import by Commodity Groupings (2011, in bil. $)

  5. Canadian Imports from selected Countries (2010, $ bil.)

  6. Canadian Banking Environment • Canadas banks ranked #1 by the World Economic Forum for most • sound banks in the world for the 4th year • During financial crisis, no CDN bank failed and required no bail outs • 5 main banks with locations across Canada

  7. Canadian Taxation • Companies are taxed federally and provincially on total income • Combined rate is 26% which is below most G7 countries • Sales tax – GST/HST(VAT): • GST – Federal rate – 5% or, • HST – combination of Federal rate + Provincial rate • – varies by province – Ontario 13% • Provinces not in HST program charge sales tax but not allowed as tax • credit

  8. Workforce • Highly educated, flexible and muticultural • Over 200 languages spoken • Minimum wage in Canada – approximately $10/hour Cdn • All Canadians pay income tax and contribute to Canada Pension Plan • and Employment Insurance • Employers must also contribute: • to Canada Pension plan (CPP) equal to employee portion • Employment insurance (EI) equal to 1.4 times employee portion

  9. Gateway to the world • Fast reliable access to North American markets • Canada shares a border and largest, stable commercial relationship • with United States • 17 of Canadas 20 largest cities are 90 minutes from Canada/US • Border • More than US $ 1.5 billion worth of goods crosses Canada - US • border each day • Sailing times from deep water ports up to 2 days shorter than from • other North American ports • Trade agreements with many countries including NAFTA • Currently negotiating with European Union for a free trade agreement

  10. InterGest Canada It would be our pleasure to meet you at Global Connect!

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