Canada is the Best Country For Business
Canada is number 1 this year in Forbes‘ “The Best Countries For Business”. Canada also ranks top five this for investor protection and how easy it is to start a business. Forbes credits our “reformed tax structure… Harmonized Sales Tax”, as “the goal is to make Canadian businesses more competitive.” The result of the HST Referendum, is to go back to the original PST system. But to me, the plan to reduce HST to 10% by 2014 would have allowed business owners to continue to benefit while reducing the tax paid by consumers. Although not as consumer friendly as the GST/PST system, it would have been a sacrifice people had to make to support our local economy.
A major factor I believe contributes to the success of Canadian business is our unparalleled diversity, which means more target markets. Different people need different things, and different cultures have different product preferences. Take the supermarket TNT for example, it supplies the Asian community with popular imported goods which satisfies the target market’s taste, which is what makes it a striving business. With diversity and a strong market for all types of goods, Canada is bound to be a top country for business.