The following Commercial practice note produced in partnership with Miller Thomson LLP provides comprehensive and up to date legal information covering:
Updated in November 2020
The business environment
Forming a company
Financing a company
Opening a bank account
Finding office space
Key employment laws
Contracting with third parties
Protecting IP assets
Approach to bribery and corruption
Investment controls and local partners
Canada boasts a stable, predictable and diversified economy. It has the world’s tenth largest economy, the world’s soundest banking system and has been ranked at number one in the world for financial strength. In the last ten years, the Canadian economy has experienced a rapid growth rate, creating a well-positioned economic environment characterised by the lowest net debt-to-GDP ratio in the G-7 and an annual economic output valued at over US$16trn. With competitive advantages such as fast, reliable and ready access to a massive North American market facilitated by the North American Free Trade Agreement (NAFTA), low business cost and corporate taxes, and a highly-skilled and educated workforce, Canada’s economy consistently outperforms those of most other industrialised countries.
There are a variety of ways of structuring business operations in Canada. The aim of this guide is to highlight some of the key areas that a new business should consider before it begins to operate in Canada. This guide should not be considered to be an all-inclusive guide and specific Canadian legal advice should always be sought before doing business in Canada.
Canada is comprised of ten provinces and three territories.
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