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Business Environment

Generating almost one-fifth of Canada's GDP ($286 billion, Statistics Canada, 2012, and City of Toronto, 2012), Toronto is Canada's financial and business capital. Toronto is ranked in the top 3 global cities of opportunity, along with New York and San Francisco (Cities of Opportunities Report, PwC, 2011), and one of the top 10 major cities of the future (American Cities of the Future, FDI, 2011). Toronto is a dynamic, diverse and rising city that provides the ideal business environment for companies looking for an edge.

CIC Chooses Toronto

China Investment Corporation logo

China Investment Corporation (CIC), China's $300-billion (U.S.) sovereign wealth fund, has chosen Toronto.

Click here for the full story

Featured Video

Produced by: City of Toronto

Overview of Toronto's top business sectors, business enviroment and quality of life.

Toronto has earned a reputation as a trusted global business centre. Well regulated, accountable, transparent and ethical, Toronto's business practices have earned the City high praise internationally. Canada, too, has earned high praise internationally, and was recently ranked as one of the top 10 easiest places in the world to do business by the World Bank (Doing Business, 2011).

The head of the International Monetary Fund says measures taken to protect Canada's economy should be a model for countries trying to fix their financial systems.

"Abroad, Canada is identified by its values of co-ordination and consensus building, which have given your country influence beyond its years. Building a safe and stable financial system is in the best interests of the global community, but it also serves the self-interest of nations."

- Christine Lagarde, Managing Director, International Monetary Fund (IMF), 2012.

Located in one of the safest and most stable democracies in the world, only hours from the lucrative US market and benefiting from Canada's strong international trade relationships, Toronto is an ideal location to start or expand a business.

Toronto Facts

Facts that describe Toronto, Ontario and Canada as a unique environment for business.

Economic Conditions

Toronto’s economy is the largest in Canada and is home to a wide range of quality services to support diverse business needs.

Government

Canada has three levels of government: federal, provincial and municipal each with a different set of roles and responsibilities.

Demographics

The demographics of the Toronto region influence social and economic activity.

Trusted business environment

Toronto is a stable, fair, law abiding and accountable business environment.

Charts shows the main sources of revenue and expenses paid by the City of Toronto in 2012.
Projected population growth of the City of Toronto, Toronto region, Ontario and Canada.
Specific languages spoken in Toronto workplaces by total number.
Labour Force Data, Toronto region, Ontario and Canada 2011.
Summary statistics of short-term labour force trends in the Toronto region (June 2011- June 2012)
The composition of the Toronto region's GDP by major industry grouping based on 2010 estimates.
Population of the City of Toronto, the Toronto region, Ontario and Canada.
Describes the City of Toronto and the Toronto region using aggregate statistics. The monthly indicators are produced by the City of Toronto.
Toronto has a $286 Billion Economy
The stacked time series shows the GDP growth of the City of Toronto, the Toronto region and the Province of Ontario.
Table breaks down the roles and responsibilities of Toronto's municipal government compared to the provincial and federal governments.
Unadjusted average wage and type of employment (full-time or part-time)
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Doing Business in Canada
This Guide provides non-Canadians with an introduction to the laws and regulations that affect the conduct of business in Canada and, in particular, in the province of Ontario. In some cases, this Guide also identifies issues in the provinces of Alberta and British Columbia. Because of Canada’s federal structure, the authority to make laws and regulations is divided between the federal and provincial governments by the Canadian Constitution although,in some areas of divided authority, both federal and provincial laws may apply.
Year: 2012
Categories: Business Environment
report
Establishing a Business in Ontario
An extensive report, Establishing a Business in Ontario, speaks to business looking to setup a business in Toronto, Ontario, Canada.
Year: 2007
Categories: Invest Toronto
report
Global Cities Index
Measures a city's influence on and integration into  global markets, culture, and innovation.
Year: 2010
Categories: Business Environment
report
Global Competitiveness Report
Report identifies key factors determining economic growth used to raise domestic income levels and opportunities.
Year: 2009-2010
Categories: Business Environment
report
Global Innovation Index
Global ranking of 130 countries on innovation, and presents best policies and practices for promoting innovation readiness.
Year: 2009-2010
Categories: Business Environment
report
Governance Matters 2009, Country Data Report for Canada, 1996-2008
The Report displays Canada's performance for all available years between 1996 and 2008 in six governance dimensions: i) Voice &
Accountability, ii) Political Stability and Lack of Violence/Terrorism, iii) Government Effectiveness, iv) Regulatory Quality, v) Rule of Law, and vi)
Control of Corruption.
Year: 2009
Categories: Business Environment
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Invest In Canada's Flagship Report: 2012
The Flagship Report provides Canada’s value proposition to foreign investors. It offers a comprehensive presentation of Canada’s conducive business environment and presents the wealth of business opportunities in 7 leading-edge sectors.
Year: 2012
Categories: Business Environment, Invest Toronto
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OECD: Territorial Review of Toronto, Canada
The OECD's territorial review look at Toronto's economy, assessing the regions strengths and weaknesses.
Year: 2010
Categories: Business Environment
report
Political Instability Index
Measures the level of threat social protest poses to governments, due to economic distress and underlying vulnerability.
Year: 2009-2010
Categories: Business Environment, Government Services
report
The 2010 Index of Economic Freedom
The 2010 Index of Economic Freedom covers 180 countries across 10 specific freedoms such as trade, business and property freedoms.
Year: 2010
Categories: Business Environment
report
Toronto as a Global City: Scorecard on Prosperity
Economic and labour attractiveness indicators measure the economic performance of the Toronto Census Metropolitan Area (CMA), relative to 23 other metropolitan regions from around the world.
Year: 2010
Categories: Business Environment, Talent
report
Toronto Economic Indicators
Describes the City of Toronto and the Toronto region using aggregate statistics.  The monthly indicators are produced by the City of Toronto.
Year: 2014
Categories: Business Environment
report
Toronto: Financial Services Captial of Canada
Importance of Toronto financial services sector, as a key driver of our local, provincial and national economy.
Year: 2010
Categories: Business Environment, Finance
report
Worldwide Centres of Commerce Index
The 2008 Worldwide Centers of Commerce Index offers a  comparative ranking of 75 of the world’s leading global cities and their instrumental role in driving the
global economy.
Year: 2008
Categories: Business Environment, Finance
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