North America

Central & South America

Europe

Africa

Asia & Middle East

Southeast Asia & Oceania

map

Canada Business Report

General information
Source: The World Factbook - Central Intelligence Agency
flag
Population
35,623,680 (July 2017 est.)
GDP (PPP)
$1.764 trillion (2017 est.)

GDP growth rate
3% (2017 est.)

High, as the Country recovered from a period of slow growth due the fall in oil prices

GDP (PPP) per capita
$48,100 (2017 est.)

High

Local currency
Canadian Dollar (CAD)

Usually a stable currency, it depreciated in recent years

Financial stability (Public debt)
98.2% of GDP (2017 est.)

High but slightly lower than the previous year (all public debt, both federal and sub-national is included)

Inflation
1.6% (2017 est.)

Low, slightly higher than the previous year

Language
English, French

English is spoken in the central, western part of Canada (Toronto, Vancouver), whereas French in the eastern part (Montreal)

Corruption perception index (Source: Transparency International)
8/180

Very low level of corruption

Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT

5% federal goods and services tax Some provinces levy their own sales tax, for a total burden of 11% to 16% depending on the province
Corporate Tax

15% net federal tax rate Provincial rates vary between 2.5% and 16% depending on the province
Duties

The Tariff Schedule to the Customs Tariff, which is based on the World Customs Organization’s Harmonized Commodity Description and Coding System, sets out the customs duty rates for goods imported into Canada

Are you interested in doing business in Canada?

We are very active in Canada export and we can help you grow your presence in Canada trade.

On Globartis you can get in touch with Canadian companies that are certified by BBB Canada (Better Business Bureau Canada), so that you can find the right Canada company, whether you are looking for a Canada manufacturer or a Canada distributor.

You can also connect with companies in Toronto: Canada’s economic capital is a great place where to carry on your Canada imports and exports business. Join now for free and expand your Canada business!

Copyright © Globartis 2021 - Version 3.2.1 - Last update 04-sep-21 - Powered with by  Giplo