How it's done
The business climate is the general economic environment that local businesses operate in. Reviewing and understanding the local business climate provides valuable insights about the economy, costs, risks, and incentives that may impact the success of your business. This activity will guide you to better understand the business climate in Ottawa and help you answer the following fundamental questions.
What is the business climate in Ottawa?
We have compiled the most important aspects of Ottawa’s business climate as an interactive dashboard below. This dashboard provides valuable economic, resident, household, dwelling and development indicators that may influence the success of your business.
What costs and assistance should I know about?
Whether you have a new or existing business it is critical to be aware of costs, incentives and grants that impact your business. This dashboard provides you with a snapshot of the major costs of conducting business in Ottawa and assistance available to Ottawa businesses.
Ontario's low corporate taxes and business-friendly environment are among the reasons the province is a popular choice for foreign direct investment.
A wide array of government incentive programs and services offered in Ontario allow you to take advantage of competitive corporate tax rates and helps your business save on costs associated with research, development and innovation; labour costs; and start-up and expansion activities.
- Personal Income Tax: 19% on lowest, 54% maximum
- Value-Added Tax: 13% in Ontario (Harmonized Prov & Fed rate)
- Corporation Tax: 26.5% Ontario-Fed combined (with some exceptions for manufacturing corporations and an option to lower this percentage for small businesses)
For detailed information on Property Taxes in the City of Ottawa click here.
For detailed information on planning, development and construction in the City of Ottawa click here.
Mercer 2019 Cost of Living Survey ranked Ottawa as the least expensive Canadian city ranked and least expensive in North America. For more information, or to read the full article, click here.
Compare how much you could make in different parts of the country, or between occupations, with the Government of Canada Explore Careers Wage Report: Job Bank
The following link provides more information on Ontario’s minimum wages. Learn more
Invest Ottawa offers a wide range of services, for all stages of your business development. We’re here to make Ottawa’s business community better and stronger! In order to get the most out of Invest Ottawa, we’ll need some details so we can set you in the right direction. After you fill us in, we’ll get back to you within a week. Big or small, established or just starting out, we can’t wait to work with your business.
You can provide us with our contact information here.
Are you just starting to explore the possibility of starting a business? Check out our calendar to see when your next opportunity is coming and register right now.