Cost of Doing Business
In 2016, Windsor-Essex was rated the 5th most affordable place to do business in all of Canada by Profit Magazine.
The lowest overall business costs in the G7
In Ontario, you’ll benefit from highly competitive business costs that can boost your company’s growth and profitability
Corporate Tax Advantage
With a total combined provincial and federal (15%) corporate income tax (CIT) rate of 26.5%, Ontario's combined general federal-provincial CIT rate is lower than the average of G20 countries and lower than the average federal-state CIT rate in the United States.
Manufacturing Tax Advantage
Source: Bank of Canada’s Annual Average Exchange Rates
Source: Scotiabank Foreign Exchange Outlook, December 2016
R&D Cost Advantage
Combined with federal R&D programs, Ontario's R&D tax incentive program can reduce your after-tax cost of every $100 in R&D spending to between $37 and $61.
- Our R&D tax incentive program is available to qualified businesses of any size and applies to a range of eligible costs that is broader than in the U.S. and many other countries.
- There is no cap on the program and tax credits can be carried back for three years or forward for 20 years.
- Ontario’s focus on low development costs and simplified tax programs contribute to a combined federal-provincial corporate income tax rate substantially lower than in the United States.