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Central Canada¡ªCentre of Canadian Business

Ontario

Central Canada¡ªCentre of Canadian Business

With the greatest population concentration, close proximity to the massive US market and diverse industrial strengths, Ontario has quickly become the engine of the Canadian economy and a home for a broad range of multinational operations.

Ontario in the 21st Century is globally recognized for its leading edge technology industries and fast growing business services, finance, tourism and cultural sectors. Six of the world's largest automotive companies have production facilities here. So do nearly all the global biotech giants and international leaders in chemicals, IT, aerospace and financial services creating a broad industrial base which has the stability to ride out global economic cycles.

Ontario is committed to supporting businesses by:

  • maintaining low corporate income taxes,
  • offering generous incentives for business growth and success,
  • supporting job skills development,
  • leading in the development of clean energy technologies, and
  • continuing to be among the world¡¯s most innovative and stable markets in which to invest.

Business Environment

  • In 2009, the Ontario government proposed $4.5 billion in tax cuts over three years for businesses¡ªOnce fully implemented, the comprehensive tax reform package would cut Ontario¡¯s marginal effective tax rate on new business investment in half, making Ontario one of the most competitive jurisdictions in the industrialized world for new investment.
  • Home to almost 40% of all head offices and 59% of foreign-controlled head offices in Canada
  • Entrepreneurs and investors can get businesses started fast¡ªit takes on average only one simple step to start a business, compared to as many as 20 needed in other industrialized countries
  • Producer of 48% of total national manufacturing shipments and 42% of goods exports
  • Telecommunications and transportation infrastructure provides seamless international links
  • Canada's banking system has been recognized as the world's healthiest and soundest¡ªOntario is the heart of that system

Workforce

  • Canada's most populous province, with over 38% of the country's population of over 33 million
  • Home to 39 of Canada¡¯s Top 100 corporate R&D spenders
  • Home to people with more than 200 different ethnic backgrounds who speak over 100 languages
  • Overall, 59% of Ontarians aged 25¨C64 have completed post-secondary education, the highest percentage in the OECD/G7
  • Home to 20 universities and 24 colleges of applied arts and technology, generating a steady supply of new graduates
  • Provides nearly 40% of Canada's total employment

Other Key Advantages

  • Over 40% of North America¡¯s population is within a day's drive of central Ontario
  • Regulatory environment is balanced and transparent¡ªCompliance is relatively easy and straightforward
  • Multicultural society that welcomes more immigrants per year than any other province in Canada
  • Ontario's population is more diverse than Canada as a whole, while Ontario's capital, Toronto, is Canada's most multicultural city
  • Tolerant communities and an enviable quality of life

Sector Strengths

  • Transportation equipment
  • Metal products
  • Food processing
  • Chemical & products
  • Electrical & electronic products
  • Motor vehicles, parts
    and accessories
  • Machinery and mechanical
    appliances
  • Communications and
    telephony equipment
  • Non-ferrous metals
    and allied products
  • Medications

Look Who¡¯s Investing in Ontario

  • Alcan
  • Apotex
  • AstraZeneca Canada
  • Atomic Energy of Canada
  • Bayer
  • Bell Canada
  • Bombardier
  • CAE
  • Celestica
  • Cognos
  • CVRD Inco
  • DailmerChrysler Canada
  • DuPont Canada
  • Eli Lilly Canada
  • Ford Motor Company of Canada
  • GEAC Computer
  • General Motors of Canada
  • Gennum Corporation
  • GlaxoSmithKline
  • GSI Lumonic
  • Janssen-Ortho
  • Honeywell Canada
  • Lucent
  • MacDonald Dettweiler
  • Magna International
  • MDS
  • Merck Frosst Canada
  • Mitel Networks
  • NOVA Chemicals
  • Novartis Pharmaceuticals
  • Ontario Power Generation
  • OpenText
  • Pfizer Canada
  • Pratt & Whitney
  • QLT
  • Research in Motion
  • Rogers Wireless
  • Sanofi Pasteur
  • Siemens
  • Toyota Canada
  • Tundra Semiconductor

Visit the Competitive Advantages page for more information on the Centres of Excellent and Innovation found in Ontario.

Map of Ontario showing the city locations of Ottawa and Toronto

On a£ºDynamic and Diverse     Down a£ºOpportunities as Mas
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