Business Reforms in Canada
= Doing Business reform making it easier to do business. = Change making it more difficult to do business.
Dealing with Construction Permits: Canada made dealing with construction permits more expensive by increasing fees for site plan approval and building permits.
Getting Electricity: Canada made getting an electricity connection easier by reducing the time needed for external connection works.
Paying Taxes: Canada made paying taxes easier and less costly for companies by reducing profit tax rates, eliminating the Ontario capital tax and harmonizing sales taxes.
Paying Taxes: Canada harmonized the Ontario and federal tax returns and reduced the corporate and employee tax rates.
Enforcing Contracts: Canada increased the efficiency of the courts by expanding electronic document submission and streamlining procedures.
Starting a Business: Canada made starting a business easier by making it possible to complete registration processes online in 1 simple procedure.
Paying Taxes: Canada made paying taxes less costly for companies by lowering the general corporate income tax rate, introducing accelerated depreciation for various assets and reducing the goods and service tax rate and the small-business tax rate.