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ECONOMy

10

a competitiVe ECONOMy

Italy

97.8

United Kingdom

98.1

index of Business location and opeRating costs1 (UNITED sTATEs = 100)

60 70 80 90 100 110 120

Sources: KPMG and ministère des Finances.

Québec Canada

France

United States Japan

Germany

1

Results obtained from the KPMG 2006 Competitive Alternatives cost model. The lower the index, the lower the business location and operating costs in the jurisdiction concerned.

92.3 94.5

95.6

100.0

106.9

107.4

LOw BUsINEss LOCATION AND OPERATINg COsTs

  • The most recent KPMG study (2006) again confirms that business location and operating costs in Québec are among the lowest of the major industrialized countries.

  • All sectors combined, these costs are 2.3% lower than the Canadian average, 7.7% lower than in the United States and than the average of the G7 countries.

Companies in Québec operate under a tax system that is competitive on the whole compared with those of other North American jurisdictions.

50

Tax rates on business profits in Québec are among the lowest in North America.

40

Companies receive a rebate of the Québec sales tax on almost all their purchases.

30

A COMPETITIvE TAx sysTEM FOR BUsINEssEs

comBined coRpoRate income tax Rates as at januaRy 1, 2006 (PER CENT)

45.6

32.0

33.6

41.2

40.7

36.1

20

New York Massachusetts California

Ontario

Alberta

Québec

Note:

Maximum tax rates applicable to active income of corporations by all levels of government.

Source: Ministère des Finances.

index of the cost of liVing in selected cities1 (NEw yORk = 100)

Montréal Toronto

70.7 76.2

Berlin New York

Paris Geneva London

87.7

100.0 102.2

113.5 120.3

COsT OF LIvINg

  • According to an annual study by Mercer Human Resource Consulting that covers 144 business centres throughout the world, Montréal ranks among the cities with the lowest cost of living:

  • Montréal and Québec stand out internationally, in particular because of the low cost of housing.

Tokyo

20 40 60 80

100

120

134.7 140

160

1

The higher the index, the higher the cost of living.

Source: Mercer Human Resource Consulting (2005).

ECONOMIC AND FINANCIAL PROFILE OF QUÉBEC

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