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Total trade between Ontario companies and their business partners around the world has reached $1 billion per day.
Most Ontario products enter the United States and Mexico duty-free. We also have well-established and growing trade relationships with markets throughout Europe, Asia-Pacific and around the world.
Ontario-made products and technologies are recognized for their innovation and exceptional quality; whether it’s Bombardier subway cars, DNA Genotek’s revolutionary DNA collection kit or Open Text’s enterprise content management software—all are unique.
Companies come to Ontario because of the market access; they expand because of the world-class product quality they can achieve. Toyota manufactures its luxury Lexus RX 350 here—the only place in the world outside Japan with a Lexus mandate.
Strengthening international relationships
Ontario has opened marketing centres in New York, Los Angeles, Tokyo, Shanghai, New Delhi, Munich, London and in 2007—Paris, Mexico City and Beijing. International Marketing Centre staff connects Ontario exporters with new markets and multinational companies with investment opportunities in Ontario communities.
When companies come to Ontario, they discover a government that understands what it takes to compete and win in global markets.
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Innovation drives growth. Ontario produces products that can change the world, from heart pacemakers and BlackBerry wireless devices to the Maya software that brings to life spectacular Hollywood movies such as Lord of the Rings and Star Wars.
Recognizing that tomorrow’s economic growth depends on today’s investments, Ontario has developed an “innovation strategy” focused on rapidly commercializing new discoveries in priority growth sectors such as advanced materials, ICT and life sciences.
Our R&D tax incentive program is one of the most generous in the world. The after-tax cost of $100 in R&D spending can be reduced to less than $41.
The Ontario government has committed close to $1.4 billion over four years to support research and commercialization at our universities, colleges, hospitals and research institutes.
We’re investing in public-private sector projects such the MaRS centre, a state-of-the-art convergence facility that brings cutting-edge researchers, leading venture capitalists and growing life sciences companies together.
Ontario’s Advanced Manufacturing Investment Strategy helps companies adopt advanced production technologies that increase their global competitiveness.
We’ve provided interest-free loans to (among others):
Ontario has the researchers and the know-how to develop breakthrough technologies and services.
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Investing in critical infrastructure
Ontario’s five year, $25 billion infrastructure investment program has been carefully designed to provide a solid foundation for economic and business growth. It includes:
46% of Canada’s highly skilled labour force, those with Masters or Ph.Ds, reside in Ontario.
It takes specialized knowledge and sophisticated skills to produce the high-value products and services that Ontario exports to global markets.
Knowledge-based industries, whether they’re in advanced manufacturing, ICT development, life sciences or consulting services, need access to a large pool of educated, skilled and reliable workers. They find them in Ontario.
A network of 20 universities and 24 colleges trains students in every field from the skilled trades to the most advanced areas of science, engineering and business. Our universities and colleges produce more than 29,000 graduates a year in mathematics, engineering and science.
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Developing a better-educated workforce
Universities like the University of Toronto, McMaster, Western, Waterloo and Queen’s are internationally recognized for the calibre of their programs and graduates.
The Ontario government has launched Reaching Higher, a $5 billion investment strategy to make the system even better.
Our goal: to open the doors wider so more students can enrol and have access to the state-of-the-art equipment and lab facilities they need.
To encourage students to pursue trades, create incentives for employers and help workers upgrade their skills, Ontario launched the $1.8 billion Jobs and Skills Renewal strategy. A key element of the strategy has been the new Apprenticeship Training Tax Credit which provides companies with a 25% refundable tax credit on salaries and wages paid to new apprentices. We’re on track to meet our goal of 26,000 new registered apprentices a year by 2007-08.
Through these investments in people, knowledge and skills, Ontario is building a workforce that can help companies and the economy grow by creating the top quality, innovative products that global markets demand.
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An internationally competitive tax rate of 34.12%. A publicly funded health care system, which means that employee health care benefits cost Ontario employers about half as much as they cost their U.S. counterparts.
Mindful of the need to maintain that competitive edge, the Ontario government has recently moved to cut Business Education taxes by more than $460 million over seven years and accelerate the elimination of the capital tax.
Ontario is constantly streamlining regulatory systems wherever possible. Site permitting is much quicker in Ontario than in many jurisdictions. Business start-ups require only two simple steps here, compared to as many as 20 needed in other industrialized countries.
In Ontario, we have a business environment designed for global market success and the high quality of life that goes with it.
We’re a multicultural society that welcomes people from around the world, so no matter where you’re from, you’ll find a community in which you’ll feel at home.
Ontario’s new greenbelt program permanently protects 18 million acres of environmentally sensitive parks and agricultural land– an area larger than Prince Edward Island.
It’s this combination of business advantages and quality of life that is leading more investors to choose Ontario.
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For more information about business opportunities in Ontario, please visit our website:
www.investandtradeontario.com
There's no better place in the world to do business.
1-800-819-8701 (North America)
00-800-46-68-27-46 (U.K. and Europe)
Email:
info@2ontario.com
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