Federal and provincial tax cuts and new investment programs have proven a strong draw for foreign investors in machinery, equipment, and facilities in Canada.
In 2015, Canada remains an attractive FDI destination with tax cuts on an already highly competitive corporate rate and with new investment programs in its largest provinces. Canada continues to feature an advantageous environment for research and development by fostering links between subsidiaries, educational institutions, and clusters. With the potential implementation of trade agreements such as the Comprehensive Economic and Trade Agreement (CETA) with the European Union or the Trans-Pacific Partnership (TPP) with Asia, Canada will position itself even better for FDI as a market neighboring the United States with export, logistics, and supply chain integration potential. Also in recent months, updates to corporate tax rates and investment programs have been presented following the latest budgets at the federal level and in the largest provinces, Ontario, Quebec, and British Columbia (BC).
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