Friday, February 24, 2012

Bethel Finance: Canada incorporation


Canada is one of the world's wealthiest nations with a high per-capita income. It is a member of the Organization for Economic Co-operation and Development (OECD) and the G8 NATO WTO Commonwealth of Nations Francophonie OAS APEC and UN and is one of the world's top ten trading nations.

Canada is a federal state that is governed as a parliamentary democracy and a constitutional monarchy with Queen Elizabeth II as its head of state.

It is a bilingual nation with both English and French as official languages at the federal level. Canada was ranked first among G8 nations to do business in the next five years according to the Economic Intelligence

Unit’s global business rankings forecast 2008-2012. AAA credit rating:

Canada is first in G7 nations in terms of their intrinsic Net worthiness (Moody). Canada debt-to GDP ratio is 38.8 % in 2004-2005 and Canada’ objective is to reduce it to 25% by 2014-2015. NAFTA Advantage: the access to the 443 millions of consumers and a combined GDP of $ 15.4 trillions. US trade with Canada is bigger than all trade with all EU countries combined.

Canada incorporation

Canadian Company, ideal for:

- Businessmen
- Holding intellectual property rights
- Commerce over the Internet
- For the custody of movable and immovable property
- Consultants / Counselors
- For inheritance purposes
- International Trading

Main characteristics:

There are two types of corporations used for business transactions in Canada: those incorporated under federal law and those under provincial laws of 10 provinces 3 territories.

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