North America
Central & South America
Europe
Africa
Asia & Middle East
Southeast Asia & Oceania
Canada Business Report
General information
Source: The World Factbook - Central Intelligence Agency
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, FrenchEnglish is spoken in the central, western part of Canada (Toronto, Vancouver), whereas French in the eastern part (Montreal)
Corruption perception index (Source: Transparency International)
8/180Very 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
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