In times of economic uncertainty, Canada's banking system has shown itself to be exceptionally robust and Canada, too, has shown itself to be a great place to invest. With lower taxes, a strong banking system, and close proximity to the United States of America (USA) as a close friend and ally and major trading partner, Canada is well positioned to weather the economic storm and arise stronger than ever.
Canada's tax system is a point of strength for Canada, especially with ground-breaking stimulus programs designed to reward innovative businesses that engage in scientific research and experimental development (SR&ED). Tax credit programs such as SR&ED serve to strengthen the overall capabilities of Canadian business to innovate and create home-grown technologies, such as smart phones, alternative energy fuel cells and intelligent transportation management systems in cities such as Toronto and Vancouver.
A new environmental agenda is emerging in North America, requiring fresh thinking about how to move goods, allocate resources, and recreate ourselves. This shift means businesses will have no choice but to innovate, and Canada's federal and provincial tax systems place money in the hands of businesses that recognize and act on this need.
The result is a stronger infrastructure, opportunities for innovative individuals, and companies which can sustainably move forward for a better future.