Contributing Lawyers

Canada

Cyndee Todgham Cherniak

United States

Susan Kohn Ross

Australia

Andrew Hudson



Economist Magazine Ranks Canada as 4th Best To Do Business

I am happy to inform Trade Lawyers Blog readers that Canada has been ranked as the 4th best place in the world to conduct business.

The Economist Intelligence Unit (EIU), which is part of the same company that publishes The Economist, ranked Canada at 4 of 82 countries based on an analysis of such areas of interest to business as the political and economic environment, taxes, labour, market potential and trade and investment policies. Canada scored 8.71 on a 10-point scale covering the forecast period to 2012. In elevating Canada to fourth place from its previous ranking of fifth, the Economist analysts cited the quality of the country's infrastructure, market opportunities, moderate taxes and lack of restrictions on trade and foreign exchange. Canada is in the good company at the top of the rankings below Denmark, Finland and Singapore.

Canada's economy is the strongest of the G-8 members.  Canada's proximity to the United States and the benefits of the North American Free Trade Agreement (0% tariffs for originating goods from Canada to the U.S. market) make Canada a great location to establish North American manufacturing operations.  The options include (1) purchasing an existing Canadian manufacturer (as has been the case in Canada's steel sector) or (2) incorporating in Canada and building a factory (as Toyota has done).  If a company manufacturers goods in Canada that satisfy the rules of origin to be treated as originating in Canada, the goods may enter the United States without tariffs.

For more information, please contact Lang Michener LLP, a full service Canadian law firm

Cyndee Todgham Cherniak

Telephone: 416-307-4168

 

 

Leave a Reply

remember my information