The Intelligent Community Forum (ICF) Canada, in collaboration with thinkCOMPASS Inc., will be staging the Think Canada Global Business Summit 2016 in Niagara Falls, Ontario from October 19-20, 2016, an event designed to provide global investors with opportunities to make business connections and arrange B2B meetings to expedite their entry into the Canadian market.
Described as an inbound investment summit, Think Canada 2016 will play host to foreign business leaders looking to make investments, or scope out possibilities for mergers and acquisitions, partnerships or joint ventures with Canadian businesses and institutional partners.
There’s no shortage of reasons for international companies and investors to set up shop or to look at investing in the Canadian business ecosystem, from the fact that the Economist Intelligence Unit (EIU) ranked Canada 2nd in the G-20 for doing business over the five-year period 2015-2019, to the fact that the World Bank has identified Canada as the easiest place to start a business in the G-7.
“I am proud to be a partner of Think Canada 2016: Global Business Summit,” says Executive Director of the Intelligent Community Forum (ICF) Canada, John Jung. “The Summit is part of a long-term strategy that helps develop Smart Cities and Intelligent Communities and strengthen Canada’s innovation ecosystem for investment. I see this as a vehicle to collaborate with national organizations and support Canada’s communities to reach global markets.”
The event, the slogan of which is “Bringing the world to Canada, one company at a time,” promises to provide attendees with access to a wealth of knowledge relating to the Canadian business ecosystem, and the insight of experts from a variety of business sectors.
“This event is a yearlong process of the collaboration of local and in-market efforts,” says thinkCOMPASS Inc. CEO Luigi Presta. “The summit is the result of a strategic model built to bring all members together for two days of business.”
KPMG’s 2014 Competitive Alternatives Report points to the fact that overall business costs in Canada are the lowest in the G-7 and 7.2% lower than the U.S., while KPMG’s Focus on Tax 2014 also ranks Canada as the most tax competitive country in the G-7.
For manufacturers, Canada has been first among G-20 countries to decrease tariffs on machinery, equipment and industrial inputs to zero in 2015, making Canada a tariff-free zone.
Canada’s federal statutory corporate income tax rate, at 15% in 2014, is 20 percentage points lower than that of the United States, while our combined federal-provincial general corporate income tax rate of 26.3% in 2014 is about 13 percentage points lower than the U.S and lower than most other G-7 countries.
thinkCOMPASS specializes in providing lead generation services for international organizations seeking to expand their business and geographic footprint across 20 different industries and various levels of government in more than 20 international markets.
Think Canada will present Canadian professionals participating in thought leadership discussions, seminars, and business-to-business meetings, providing investment-ready leads for foreign investors and business leaders looking to expand their operations into the Canadian market.
Creating a business environment that emphasizes innovation, along with openness to competition and foreign direct investment is the main goal of the summit, a role that Canada is uniquely qualified to fill with its cultural diversity, burgeoning tech ecosystems and robust liberal democratic institutions.