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Canada

The ISO code of Canada is CA according to the ISO 3166 standard. The local name of the country is the same as its English name. Canada capital city is Ottawa. People in Canada speak the English, and French languages. On 1 July 1867, Canada emerged as a sovereign political entity. In the year 07/01/1867, Canada emerged as a sovereign political entity. The largest cities in Canada are Ottawa, Toronto, Montreal, Vancouver, Calgary.

Canada has different time zones. They are UTC -08:00 (PST - Pacific Standard Time), UTC -07:00 (MST - Mountain Standard Time), UTC -06:00 (CST - Central Standard Time), UTC -05:00 (EST - Eastern Standard Time), UTC -04:00 (AST - Atlantic Standard Time), UTC -03:30 (NST - Newfoundland Standard Time).The internet country code top-level domain (ccTLD) for Canada is .ca. Other domains assigned to Canada are .quebec. The domain name .quebec is a region-level domain. Region-level domains are only able to be used by organizations in and residents of that specific region. The International dialing code for Canada is 1. People in Canada drive on the right side of the road. Total land area of Canada is 9,984,670 km² (approx. 3,855,085 mi²). Canada is not a landlocked country. It means that is is bordered by at least one major body of water.

A view in Canada

Canada is located in Asia. Canada is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.

Currently Canada faces various issues, including air pollution and resulting acid rain severely affecting lakes and damaging forests, metal smelting, coal-burning utilities, and vehicle emissions impacting on agricultural and forest productivity, ocean waters becoming contaminated due to agricultural, industrial, mining, and forestry activities.

Doing business in Canada

We offer various corporate services in Canada jurisdiction. These services can serve both, people coming from Canada and foreigners. If you plan on doing business in Canada you might be interested in contacting us.

To find out about starting your business in Canada click on company formation in Canada.

To find out how to open a bank account in Canada and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Canada.

Choose preferred service below or continue reading to find out more about Canada.

Company formation Bank account (Corporate)Available banks Bank account (Private)

Demographics of Canada

The total population of Canada is 36,953,765 people. In Canada, the population density is 3.62 people per square kilometer (9 per square mile). Because of this statistic, this country is considered to be very sparsely. The ethnic diversity is rather diverse according to a fractionalization scale which for Canada is 0.7124. Canada has approximately 7835502 foreign immigrants. The median age is approximately 41.7 years. In Canada, 86.77 in every 100 people use internet. Canada has a Human Development Index (HDI) of 0.902.

The majority religion of Canada is Christianity, Canada is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Canada.

Culture of Canada

People in Canada speak the English, and French languages. According to data on inbound tourists in Canada, 16,590,000 tourists arrive in the country each year. The first McDonalds in Canada was opened on 1 June 1967, and it was located in Richmond, British Columbia. One of the most popular national dishes of Canada is kraft dinner. To read more click on culture of Canada.

Geography of Canada

Canada is considered to be a vast nation because of its total area. Its total land area is 9,984,670 km² (approx. 3,855,085 mi²). Canada is located in Asia. Its capital city is Ottawa. The length of said border is 1690 km (1,050 mi).Total length of land borders of Canada is 8893 kilometers (~3,434 miles).

The highest point of Canada is Mount Logan, with its official height being 5959 m (19,551 ft). Including land mass and EEZ, the total area of Canada is approximately 15,583,747 km² (~6,016,891 mi²). The most notable natural resources found in Canada are iron ore, nickel, zinc, copper, gold, lead, rare earth elements, molybdenum, potash, diamonds, silver, fish, timber, wildlife, coal, petroleum, natural gas, hydropower.To read more click on geography of Canada.

Economy of Canada

The currency of the country is Canadian dollar. The symbol used for this currency is $, and it is abbreviated as CAD. 6.4% of population in the country are unemployed. The total number of unemployed people in Canada is 2,365,041. Each year, Canada exports around $458.7 billion and imports roughly $471 billion. The Gini Index of the country is 32.1. Canada has a Human Development Index (HDI) of 0.902.The Global Peace Index (GPI) for Canada is 1.287. Canada has a government debt of 49.6% of the country's Gross Domestic Product (GDP), as assessed in 2012. Canada is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are transportation equipment, chemicals, processed and unprocessed minerals, food products, wood and paper products, fish products, petroleum, natural gas.

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Canada is $1,595,975 billion. Each year, consumers spend around $1,021,477 million. The ratio of consumer spending to GDP in Canada is 0%, and the ratio of consumer spending to the world consumer market is 2.37. The corporate tax in Canada is set at 15%. Personal income tax ranges from 0% to 50%, depending on your specific situation and income level. VAT in Canada is 13%. To read more click on economy of Canada.

Infrastructure of Canada

Infrastructure quality in Canada is rated to be at 4.05. It indicates a good quality - roads, railroad, ports and other facilities are adapted and regularly maintained to handle high levels of traffic at all times, as well as most probably there are special facilities for handling high intensity and/or special traffic or vehicles (e.g. motorways a.k.a. autobahns and deepwater ports).

In Canada, 100% of the population has access to electricity. There are 8,743,000 internet hosts in Canada. Canada has 1467 airports nationwide.

The logistics performance index of Canada is 3.86. It indicates a good performance - the logistics system is well prepared and organised, shipments mostly arrive on time and do not suffer damage, and the infrastructure is ready to handle even unpredictably big amounts of traffic as long as it is not overwhelming.

Tracking possibilities for shipments are rated at 3.97. It indicates a good performance - the tracking systems provide detailed and up-to-date information about most of the parameters of shipments, as well as often transcend national (both political and linguisitc) barriers and may be qualified as international shipment tracking systems.

The number of road motor vehicles per 1000 inhabitants in Canada is 113. To read more click on infrastructure of Canada.

Politics of Canada

Canada, is a federal parliamentary constitutional monarchy. With regard to political and civil freedoms, Canada is 1. Citizens in Canada experience total freedom. The majority of countries in which citizens enjoy expansive civil liberties and political freedoms are representative democracies, in which officials are directly elected by citizens to advocate for their needs and desires. Free countries are often bolstered by healthy economies and high-functioning governments. The head of the government is Elizabeth II.

According to the World Bank Group, the government effectiveness index of Canada is 1.76. This indicates that the government of Canada is very effective. Citizens enjoy highly effective social, public, and civil services, and the overall morale in Canada is high. Government actions are efficient and expeditious, and dangerous situations are highly unlikely as a result.In Canada, the legislative power is vested in a Parliament. The Global Peace Index (GPI) for Canada is 1.287. The strength of legal rights index for Canada is 9. Overall, it is considered to be rather strong - bankruptcy and collateral laws are able to protect the rights of borrowers and lenders quite well; credit information is abundant and easily accessible. Canada is a member of the United Nations (UN). On 9 November 1945, it joined the UN at it inception date as a full member state. Canada is one of the original UN member states who founded the organization. Canada is a member of the World Bank. To read more click on politics of Canada.

Environment of Canada

Canada emits 14.1 metric tons per capita of CO2. 4916438 km² of Canada's territory is covered in forests. and forest land comprises 49% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Canada is 113. To read more click on environment of Canada.

Company formation in Canada

The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Canada.

When establishing a company in Canada, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Canada that will affect the establishment and growth of one's business. Contact us or click on company formation in Canada to read additional information when setting up a business.

Bank account opening in Canada

With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Canada. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.

When considering opening a bank account in Canada, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Canada or contact us.