Cost of Doing Business
In 2005, Canadian Business magazine ranked St. John's
as the number one cost effective city for business in Canada.
A comparison of major cities across Canada by KPMG, 2008,
shows St John’s :
- has the lowest total taxes of any major city and are less
than half of the next lowest city . - has the second lowest property tax per square foot , only, 10 cents per square foot higher than the lowest ranked city, Quebec.
- has the lowest labor costs based on a ten year average.
- is ranked #1 when comparing net profits before taxes and effective income tax rates.
- has lowest annual non-income taxes based on a ten year average.
- has lowest average annual corporate income tax rates over ten years.
Further, a study by the Centre for the Study of Living Standards, revealed that Newfoundland and Labrador led the country in productivity growth over the 1997-2007 period. The study showed that this Province experienced the most rapid growth in all three areas assessed - labour productivity, capital productivity and multi-factor productivity. For more information, please click here.
For a Listing of Permits and Licences required, please click here. Please note that the online permit and licence system is only available for St. John's at the present time. Additional communities will be added shortly.