In a new international study just released by KPMG, it was stated that Canada is rated number 2 among 10 countries as a place to locate a business.
When compiling the results of this survey, KPMG took into account taxes, labour and utility costs. The Canadian governments (both federal and provincial) have recently implemented a number of tax reforms and cuts, which has helped Canada’s rank in this study.
How is this going to have an effect on businesses going forward? Glenn Mair, Director of MMK Consulting, says:
“Canada [is] expected to rank first among the G7 in 2014 in terms of low government debt. This helps Canadian businesses now with direct stimulus spending and, in the future, with lower risk of tax hikes, than in countries where government debt is much higher.”
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