PRESENTATION OF JURISDICTION
Originally populated by Native Americans, Canada was researched by English and French beginning in the late 15th century. Canada has since transformed in a multicultural hub with the second largest landmass and population of more than 34 million people.
Canada’s economic and technological development has been stimulated by close trade with the United States, large export market of Canada and vice versa. Canada and the US also share similar wealthy and high-tech industrial society with a very similar market-oriented economic system, pattern of production, and rich living standards.
Canada is introduced as a new offshore jurisdiction, but only certain provinces of Canada have a status alike an offshore company with almost non-corporate tax when the business is carried outside Canada.