Canada on Business Facilities Online

CANADA Fast Facts

• Nominal GDP (2005): $1.077 trillion (U.S.)
• Real GDP growth rate (2005): 2.9%
• Main industries: transportation equipment, chemicals, processed and unprocessed minerals, food products, wood and paper products, fish products, petroleum and natural gas
• Primary Export Partners (2005): U.S., 84.2%; Japan, 2.1%; UK, 1.8%; China, 1.6%
• Major exports (2005): Machinery and equipment, 25.4%; automotive products, 23.6%; energy products, 23.4%; forestry products, 9.7%
• Taxation: The federal corporate income tax rate is 21%. The federal corporate surtax of 4% will be eliminated for all businesses in 2008. Provincial governments charge corporate tax at rates between 10% and 16%.

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