Canada latest news! The renowned international accounting firm KPMG released a report on March 30. After comparing the international competitiveness of ten countries, including the United States, Canada, Mexico, Germany, France, and the United Kingdom, the results show that Canada currently ranks second, while Montreal, Canada, ranks first among North American cities!
As the Canadian dollar remains at a historical low, the taxes, labor, and fixed costs that Canadian companies must pay are cheaper compared to other industrialized nations, which enhances the competitive strength of Canadian enterprises against those in other countries. Especially in the overall comparison of tax rates, because Canada offers many tax incentives for high-tech, research institutions, and technology development enterprises, it ranks ahead of other countries in comprehensive evaluations.
KPMG also compared the business costs and international competitiveness of over 100 cities across these ten countries. As a result, Montreal, Canada, became the most competitive major city in North America, with the other two major cities, Toronto and Vancouver, following closely behind. KPMG stated that the relatively low business costs in Canada will attract an increasing number of foreign companies to establish branches or conduct business in Canada, which will further promote development in all aspects of the country.
Depreciation of the Canadian Dollar Benefits Investment Immigration
With the Canadian dollar currently at a historical low, now is the perfect time to invest and immigrate to Canada. Among the numerous immigration programs, the Quebec Immigrant Investor Program stands out due to its advantages, such as simple application requirements, low risk, fast processing, and obtaining a green card in one step. However, the quota for this program in China is limited, and every release is met with a frenzy of applications. With the Quebec Immigrant Investor Program set to reopen in 2016, Chinese applicants should seize the opportunity early! For more details, please contact:400-138-2929
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