CANADA A COUNTRY OF ENTREPRENEURSHIP
December 7th 2019 at 3:56pm Published by sharpshooteradmin
The Canadian environment and culture for entrepreneurship is healthy. Entrepreneurship is seen as a good career for which opportunities exist within the capacities of a large segment of the population.
Among the positive attitudes cited for Canadian culture:
- Highly supportive of individual success achieved through personal effort.
- Emphasizes self-sufficiency, autonomy and personal initiative.
- Encourages creativity and innovation.
There are many reasons why Canada is the best place to build your business:
- Strong economic growth: Forbes magazine rates Canada as the best country in the G-20 with which to do business. Canada has the strongest fiscal position in the G-7 and among the best fiscal prospects in the G-20.
- Low taxes and low business costs: Canada offers a low-cost and low-tax environment so your business can thrive. Canada’s overall tax rate on new business investment is significantly lower than that of other G-7 countries. KPMG ranks Canada as the most tax competitive country in the G-7.
- Excellence in research and innovation: Canada offers a winning environment for research and innovation, including world-leading research and development (R & D) infrastructure, scientific talent and innovation incentives. Combined federal and provincial credits can return to foreign investors, on average, up to 30 percent of their R & D investment in Canada.
- Top quality of life: Canada’s top quality of life provides a great backdrop for the success of individuals, families and globally engaged companies. Canada is home to a highly educated, flexible and multicultural work force.
- There are 46 Canadians among the Forbes list, including 7 new billionaires added over the past year. Canada’s wealthiest have a combined net worth of U$148.5 billion, up $14.7 billion since 2017.
- Canada had 1.3 million millionaires in 2018 and that’s expected to rise by 54 per cent to nearly two million people by 2023
- Ottawa, the country’s capital, is Canada’s richest city based on average annual income. Canada has a healthy and developed economy, which is considered the 10th largest in the world.
- In 2015, Calgary had the highest number of millionaires in Canada (persons reporting personal income of $1 Million+), on a per capita basis, at 225.3 per 100,000 population. Calgary’s 10-year total growth (2006-2015) in millionaires per capita is 42.9 per cent.
- Canada ranked as the 14th country in the world with the most billionaires, with 45 living on Canadian soil, accounting for a total of $87 billion in wealth.