A strong foundation for continued successCanada ’s strong performance in this knowledge intensive industry is based on a competitive business environment that allows for cost effective delivery of products and services. KPMG’s 2004 Study confirmed that Canada is the most competitive location to establish a business of the 11 countries (G-7 countries plus Australia , Iceland , Luxembourg and the Netherlands ).
Canada’s cost advantage over the U.S. in the ICT includes
Canada ’s overall after-tax cost advantage over the U.S. was 9 percent
- R&D;: 24.7 percent
- Software: 13.1 percent
- Corporate Services: 11.7 percent
- Electronics Assembly: 6.8 percent
- Telecommunications equipment 4.3 percent
Canadians make great Partners
Many global enterprises recognize Canada ’s ICT expertise and invest in it. Companies like IBM, Alcatel. Ericsson , Siebel Systems, Electroinic Arts, Ubisoft, SAP, Motorola, Harris Corporation, Lucent Technologies, Nokia, Sierra Wireless and may more have all either set up major operations or work closely with Canadian partners.
Canada offers many investment opportunitiesForeign Investment in the Canadian ICT sector grew to $24.1 billion in 2003 and grew by 5.1%
- Foreign direct investment has more than quadrupled since 1990