Newspaper article The Canadian Press

Canada Ranks 2nd among 10 Countries for Cost Competitiveness, Says KPMG

Newspaper article The Canadian Press

Canada Ranks 2nd among 10 Countries for Cost Competitiveness, Says KPMG

Article excerpt

Canada ranks 2nd in cost competitiveness:KPMG

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TORONTO - Accounting giant KPMG says Canada has proven to be second most competitive market in a comparison test of 10 leading industrial countries.

In its report, KPMG says Canada lags only behind Mexico when it comes to how little businesses have to pay for labour, facilities, transportation and taxes.

The report, which compared the competitiveness of a number of western countries along with Australia and Japan, found that a high U.S. dollar has helped Canada stay affordable despite rising office real estate costs and lower federal tax credits.

When it comes to corporate income taxes, it found that Canada, the U.K. and the Netherlands had the lowest rates overall due to tax incentives to support high-tech and research and development. …

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