Cost Competitive

Canada's tax rates are among the lowest in the world. The average total tax rate of 21 per cent ranks Canada as the 12th lowest in the world and the second lowest amongst OECD countries for small-medium enterprises.

Average Total Tax Rate for Small-Medium Companies in G7 Countries:

Ontario has the lowest general corporate tax rate in Canada at 11.5 per cent (tied with British Columbia). This supports economic activity and development in Waterloo Region, as does Canada's favourable exchange rate with the United States and Europe.


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