Qualified Workers

Canada is one of the countries with high employment stability, Quebec, in particular, has 3.7 million workers of which 60% hold at least a high-school diploma.
More than 5,000 companies employ approximately 104,000 people in the information, computer, computer programming, microelectronics, multimedia and telecommunication technology sectors. At the head of these sectors are companies such as: IBM, Nortel Networks, Ericsson Communications, Harris Society, Motorola, BAE Systems, Alcatel, etc.

A total of 40,000 people work for 250 aerospace companies among which are Bombardier Aeronautics, CAE Electronics, Pratt Whitne and more than 12,800 people are employed in the 163 bio-pharmaceutical companies, with strong research and development orientation, such as Merck Frosst, Bristol-Myers Squibb and BioChem Pharma.

Profitability for entrepreneurs

Creation of a company:

All entrepreneurs that wish to setup their own company in Quebec will be glad to know they can obtain the lowest prices in North America and Europe.

To penetrate the market via Quebec means that you can produce in Canadian dollars and sell in American dollars. You can take advantage of the exchange rate that means, on average, 20%.

This advantage is one of the reasons for the steady growth of international exports, intended for the American market. In the 80s, exports rose from 65% to 83%, making Quebec the sixth principal commercial partner of the United States.

Labor Costs

Canada is one of the countries with high employment stability, Quebec, in particular, has 3.7 million workers of which 60% hold at least a high-school diploma.

All entrepreneurs have access to the government help programs such as: subsidies, loans, technical support to develop a business plan, financial assistance to create a business or to expand it, for export, research and development.

GNP percentage representation of the different industrial sectors of Canada

Fiscal residence in Canada

Tax declaration in Canada and Quebec are based on the residence status of each individual. According to the Revenue Tax Law of Canada, each Canadian resident must declare his taxes; however, deductions might be available to tax payers who live in Canada only part of the year.

If you intend to establish permanently in Canada you have the right to bring, free of taxes, all assets acquired prior to the date of your Canadian residence application.

Taxation year starts the first of January until December 31. However, the tax filing must be done before April 30 of the following year.

Canadian residents must declare their taxes in the country of their citizenship as well as in Canada. However, for the purposes of avoiding this double taxation, the Canadian Tax Law allows the tax payer to deduct from the Canadian taxes, the taxes paid in his country of citizenship.

Taxes to be paid by a Canadian resident include:

• Federal tax
  
• Provincial tax

Taxes can fall in the following categories:

Personal (includes salaries and other revenues)

Personal Taxes
Federal Taxes		Provincial Taxes of Quebec
Gross Annual Salary % CAN$ 0 - CAN$ 30.754 16 CAN$ 30.755 - CAN$ 61.509 22 CAN$ 61.510 - CAN$ 100.000 26 More than CAN$ 100.000 29		Gross Annual Salary % CAN$ 0 - CAN$ 27.234 16 CAN$ 27.235 - CAN$ 54.473 20 More than 52.000 24

Example: Married person with two (2) children must declare in this manner:

Entrepreneur(includes company utilities, dividends, interests, rent, other income and pensions)

Corporate Taxes
Federal Taxes
Income % CAN$ 200.000 12 CAN$ 300.000 21 More than CAN$ 300.000 25

In Quebec the taxes deducted for entrepreneurs is in the range of 18% - 30%; and for those who create a company and whose revenues are below CAN$ 200,000.00, the government declares them exempt from paying taxes.