Governed by Investment Canada Act, the aim being to encourage investments. Canada is rich in petroleum, minerals, forests and hydroelectric energy. Canada has a highly developed service sector, sophisticated financial institutions retailing and manufacturing sectors. As a potential consumer, Canada ranks among the highest in the world in per capital wealth. Canada is the world's largest exporter to and largest importer from the United States.
Provincial laws govern most labor standards, so there can be considerable variation across Canada.
Some provinces have instituted pay equity laws without regard to gender of the employee. Tax exemption for provincial corporate tax purposes in Nova Scotia, Quebec and British Columbia, subject to specific conditions. See Tax rates below. For further information please contact us. In addition, there is a mandatory contributory pension plan for all employees and self-employed persons.