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Canada

The ISO code of Canada is CA according to ISO 3166 standard. The local name of the country is Canada. Ottawa is the capital city of Canada. The official languages of Canada are English, French. On 1 July 1867, Canada emerged as a sovereign political entity. The largest cities in Canada are Ottawa, Toronto, Montreal, Vancouver, Calgary.

Canada has 5 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). The internet country code top-level domain (ccTLD) for Canada is .ca. Other domains assigned to Canada are .quebec. 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. Canada is not a landlocked country.

Canada is located in the northern part of 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 35 851 774 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 populated. The ethnic diversity is divided according to a fractionalization scale which for Canada is 0.7124. Canada has 7 284 069 million 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 main 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 English, 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 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 a vast nation because of its total area. Its total land area is 9 984 670 km2 (approx. 3,855,103 mi2). Canada is located in the northern part of Asia. Its capital city is Ottawa. Total length of land borders of Canada is 8893,00 kilometers (~5,526 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 (~6,016,918 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. 7% of population in the country are unemployed. The total number of unemployed people in Canada is 2 330 365. 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 84% 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 59%, and the ratio of consumer spending to the world consumer market is 2%. 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. To read more click on economy of Canada.

Infrastructure of Canada

Infrastructure quality in Canada is rated to be at 4.05. In Canada, 100% of the population has access to electricity. There are 8 743 000 internet hosts in Canada. Canada has 1467,00 airports nationwide. The logistics performance index of Canada is 3.86. Tracking possibilities for shipments are rated at 3.97. 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. The head of the government is Elizabeth II.

According to the World Bank Group, the government effectiveness index of Canada is 1.76. 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. Canada is a member of the United Nations (UN). On 9 November 1945, it joined the UN at its 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. 3 101 340 km2 of Canada's territory is covered in forests, and forest land comprises 31% of all the land in the country. 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.