{{RELATEDLINKS}}Smart business leaders across industries are
increasingly recognizing Ontario as an exceptionally
sound and stable place to do business.
Ontario generates 37 percent of Canada’s
national GDP and is home to almost 50 percent of
all employees in high tech, financial services, and other
knowledge-intensive industries. Locating in Ontario gives
companies access to the $19 billion NAFTA market and
its more than 470 million consumers.
Competitive Business Costs
According to KPMG’s Competitive Alternatives
2014, Canada offers the greatest overall business cost
advantage in the G7, with business costs 7.2 percent
lower than the U.S. average. In addition, Ontario’s
corporate income tax rate is lower than the average
of G20 countries and lower than the average federal state
CIT rate in the United States. Both help make
Ontario one of the most competitive jurisdictions for
new business investments.
A Top Destination for FDI
Ontario, Canada, continues to far outperform
its competitors as the number-one jurisdiction
in North America in attracting foreign direct
investment (FDI) projects. According to the 2014
FDI Intelligence (a division of Financial Times), in
2013 Ontario attracted $7.23bn in FDI, accounting
for more than one-tenth of FDI in North America.
Most Educated Workforce in the G7
Sixty-four percent of Ontario workers have
a postsecondary education. With 20 universities
and 24 colleges available for students to train
in all disciplines — from skilled trades to the
most advanced areas of science, engineering, and
business — it is no wonder Ontario has the most
educated workforce in the G7.
Fifty Percent Reduction in R&D costs
Ontario’s R&D incentives are among the
most generous in the world. New ideas flourish
in Ontario, where more than $14.6 billion is
spent on research and development each year
by industry, governments, hospitals, academic
and research institutions, and private nonprofit
organizations.
Making Investing Easy
Ontario offers a one-window investment
service for multinational companies, providing
information, advice, and introductions to the
people networks that make investing in Ontario
easy. In addition, the recently launched Investment-
Ready Certified Site Program provides easy access
to key information about properties, including
locations and ownership, transportation access,
utilities servicing, and complete due-diligence
information.
Ontario’s environment of innovation,
competitive business costs, and access to market
make it one of the world’s most dynamic regions
for business investment.