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AGENDA
Trade Commissioner Service Canada-Italy Commerce Doing Business in Canada How we can help
We facilitate: 1. 2. 3. 4. 5. Export Market Development Market Access Technology Partnering Investment in Canada Investment in Italy
Commercial Division:
11 team members including: 1 located in Milan 1 Investment Specialist 1 Innovation Specialist Sector officers in priority sectors (A&D, Agrifood, Automotive, ICT, Life Sciences, Renewable Energy)
Canada-Italy Commerce
Doing Business in Canada
Rank
Ca na da Ne w Ze ala nd Ho ng Ko ng
ar k Si ng ap or e
Sw ed en
No rw ay
Ire lan d
. U. K
De nm
U. S
.A .
Source: Forbes Publishing October 2011
COMPETITIVE ADVANTAGES
Canada offers an overall tax advantage for firms to expand
Canada has the second lowest statutory corporate tax rate in the G-7 as of 2012. In addition, Canadas overall tax rate on new business investment is substantially lower than all G-7 countries.
International Comparison of Statutory General Corporate Tax Rates in 2012
45 40 35 30
%
30.2 25.0 26.0 27.5 34.4 37.9 39.2
25 20 15 10
U.K.
Canada
Italy
Germany
France
Japan
U.S.
COMPETITIVE ADVANTAGES
Canada is a solid venue for innovation
Canada benefits by having one of the best R&D tax treatments in the G-7. Canada currently offers one of the most favorable tax treatments for R&D among the G-7.
Relative Generosity of R&D Tax Treatments*
(Index: Canada = 100.0)
France
100.0 85.9 84.0 80.6 77.0
123.9
Canada provides a system of tax credits and Canada accelerated tax deductions for a wideJapan variety of R&D expenditures. Eligible costs include: salaries, overhead, capital equipment, and materials.
U.K. U.S. Italy
These tax-based treatments permit firms to 76.1 Germany significantly reduce R&D costs through direct investment or sub-contracting in 50 60 70 80 90 100 110 120 130 Canada. Source: Warda, Jacek, Innovation: Measuring Canada's R&D Tax Incentives:
May 22, 2009. Data unchanged as of January 2012.
COMPETITIVE ADVANTAGES
Direct Access to the NAFTA Market
Highly-educated population and competitive workforce Wealth of natural resources Strength of its manufacturing and construction industries Health of the financial and service sectors Dynamic trade relationships with other nations, especially the US and negotiations with the EU, India, Japan Lower business costs and taxes Excellent place for research and innovation Ability to compete in a global marketplace A great place to live, study or work
CONTACT US
Embassy of Canada
Emmanuel Kamarianakis Via Salaria, 243 00199 Rome Tel: 06-85444.3351 / 3363 Email: ital-td@international.gc.ca ______________________
For more information, visit our websites: www.tradecommissioner.gc.ca/it www.investincanada.gc.ca www.italy.gc.ca