Business, Work, Live in Canada
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Business, Work, Live in Canada Benefits
There are some solid advantages of doing business in Canada as a foreign entity, namely the conducive trade agreements in place with other countries (especially the US), the lower corporate tax rates, and the availability of skilled workers. Moreover, Canada is a stable economy that functions in a manner very similar to US markets.
One of the primary reasons why businesses seek to expand into a global market is because of high corporate tax rates in their home country. Companies often feel that high corporate tax rates are detrimental to their success. This is especially true in an economy like the US where the national corporate tax rate in 2019 is at 21%. While the local rates may differ from the federal amount, the branch rates range from 21% to 31%.