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    WHY

    ONTARIO?Prepared by:Global Competitiveness UnitResearch and Analysis BranchPolicy and Strategy DivisionMinistry of Economic Development, Employment

    and Infrastructure / Ministry of Research and Innovation

    September 30, 2015

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    2 WHY ONTARIO?

    TABLE OF CONTENTS

    1 | ECONOMIC PROFILE

    Ontario as a Percentage of Canada GDP Comparison with US States GDP Comparison with Other Countries Ontario's Regional Industrial Strengths Toronto Financial Services Ontarios Share of ForeignHeadquarters in Canada

    Ontario's Economic Outlook

    2 | COMPETITIVE ADVANTAGES

    Location Advantage Transportation Infrastructure Educational Attainment Ontario's Strong EducationalInfrastructure

    Ontario's People Risk Index and GlobalComparison

    Research Infrastructure Cost of Doing Business Healthcare Costs

    Corporate Income Tax Rate Comparisoni. Competitive Corporate Taxes on

    Manufacturingii. Globally Competitive Corporate Taxes

    Marginal Effective Tax Rate Comparisonwith OECD Countries

    R&D Tax Credit

    Sources of Ontarios Foreign DirectInvestment Projects

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    3 WHY ONTARIO?

    TABLE OF CONTENTS (contd)

    3 | INTERNATIONAL TRADEPROFILE

    Ontario's Goods-and-Services ExportIntensity

    Exports and Imports, by Country Exports and Imports, by Product Canadas Trade Agreements

    4 | LIVING IN ONTARIO

    Quality of Life Languages Spoken Ethnic Diversity

    5 | GOVERNMENT OF ONTARIO'SINVESTMENT AND TRADEPROMOTION

    International Representation Ontarios Plan for Jobs and Growth Recent Initiatives for Investment Program Initiatives

    i. Competitive Business Taxii. Opportunities for Businessesiii.Modern Infrastructureiv.Highly Skilled Workforcev. Promoting Entrepreneurship and

    Innovationvi.Helping Social Enterprises Grow

    and Create jobsvii.Going Global

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    4 WHY ONTARIO?

    ECONOMICPROFILE

    1

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    5 WHY ONTARIO?

    Ontario: Canadas Economic Powerhouse

    Ontario as a Percentage of Canada, 2014

    37% GDP

    39% Population

    38% Primary household income

    45% Financial services employment

    48% ICT employment

    46% Production of manufactured goods

    36% Goods exports

    Sources: Industry Canada, Statistics Canada, and Ontario Ministry of Finance with data from Statistics Canada, 2015

    ECONOMIC PROFILE > Ontario as a Percentage of Canada

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    6 WHY ONTARIO?

    Ontario: The Eighth Largest Economy in North America

    Top Ten by GDP, 2014 (Billion US$)

    2,312

    1,648

    1,405

    840746 663

    583 572 549 483

    Note: Figures in current US$. Ontarios GDP listed at PPP. Ontarios GDP at PPP was estimated as a percentage of Canadas.

    Source: US Bureau of Economic Analysis, Ontario Ministry of Economic Development, Employment and Infrastructure with data from StatisticsCanada, and OECD, 2015.

    ECONOMIC PROFILE > GDP Comparison with US States

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    7 WHY ONTARIO?

    Ontarios GDP is Larger than that of Many Countries

    GDP for Ontario and Select OECD Countries, 2014 (Billion US$)

    943 803

    572

    480 473437

    397 394333 320 295 286

    272 253 241 221 218

    Note: Figures in current US$. GDP at PPP for all countries. Ontarios GDP at PPP was estimated as a percentage of Canadas.

    Source: Ontario Ministry of Economic Development, Infrastructure and Employment with data from Statistics Canada, and OECD, 2015.

    ECONOMIC PROFILE > GDP Comparison with Other Countries

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    8 WHY ONTARIO?

    Diverse Geographic Landscape withCompetitive Regional Industries

    Ontarios RegionalStrengths

    Northwestern Ontario

    1% of total employment

    10% of paper manufacturing

    6% of mining and oil and gas extraction

    2% of construction employment

    6.2% unemployment rate

    Southwestern Ontario

    11% of total employment

    63% of petroleum and coal products manufacturing

    37% of agriculture employment

    33% of transportation equipment manufacturing employment

    6.4% unemployment rate

    Northeastern Ontario

    4% of total employment

    57% of mining and oil and gas extraction

    23% of wood product manufacturing

    15% of primary metal manufacturing

    7.7% unemployment rate

    Eastern Ontario

    13% of total employment

    20% of management, scientific, and technical services

    16% of paper manufacturing employment

    15% of computer system design services employment

    6.9% unemployment rate

    Central Ontario

    23% of total employment

    52% of primary metal manufacturing employment

    38% of machinery manufacturing employment

    37% of non-metallic mineral product manufacturing

    5.7% unemployment rate

    Greater Toronto Area

    48% of total employment71% of finance employment69% of computer system design services employment44% of manufacturing employment7.4% unemployment rate

    Source: Statistics Canada, Labour Force Survey, August 2015

    ECONOMIC PROFILE > Ontario's Regional Industrial Strengths

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    9 WHY ONTARIO?

    Toronto: The Canadian and a Global Hub forFinancial Services

    TORONTO IS:

    Location of 83% of the foreignbanks in Canada

    Headquarters for Canadas fivelargest banks

    Headquarters of seven FortuneGlobal 500 companies

    Ranked fifth in North Americaand eleventh globally incompetitiveness ratings of globalfinancial centres

    Home to the eighth largest stock

    exchange in the world based ondomestic equity marketcapitalization

    Sources: The Global Financial Centre Index 17, World Federation of Exchanges, 2015.OneSource.com, Fortune Global 500 Companies, Canadian Bankers Association, Office ofSuperintendent of Financial Institutions Canada; 2015

    ECONOMIC PROFILE > Toronto Financial Services

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    10 WHY ONTARIO?

    Ontario is Home to the Majority ofForeign-Controlled Head Offices in Canada

    Foreign Head Office Distribution in Canada, Dec 2014

    Ontario64%

    Rest of

    Canada36%

    Source: Statistics Canada, 2015

    COMPETITIVE ADVANTAGE > Ontarios Share of Foreign Headquarters in Canada

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    11 WHY ONTARIO?

    Posit ive Economic Growth is Projected for Ontariofor the Next Few Years

    Ontarios Economic Outlook (Per Cent)

    2015p 2016p 2017p 2018p

    Real GDP Growth 2.7 2.4 2.2 2.1

    Employment Growth 1.1 1.3 1.4 1.3

    CPI Inflation 1.2 2.0 2.0 2.0

    Note: p: projected

    Source: Ontario Ministry of Finance, 2015

    ECONOMIC PROFILE > Ontario's Economic Outlook

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    12 WHY ONTARIO?

    2 COMPETITIVEADVANTAGE

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    13 WHY ONTARIO?

    142 Million Consumers within a Days Drive

    Daily Two-way GoodsTrade between Ontario-

    USA for 2014 Valued atC$844 million

    Sources: Industry Canada, Statistics Canada and US Census Bureau, 2015

    COMPETITIVE ADVANTAGE > Location Advantage

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    14 WHY ONTARIO?

    Ontario has a Modern, Efficient and Widely NetworkedTransportation System

    Ontario TransportationInfrastructure

    Airport

    Border Crossing

    Road

    Ontario Road

    Railroad

    ECONOMIC PROFILE > Transportation Infrastructure

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    15 WHY ONTARIO?

    Ontarians are Highly Educated

    Post-secondary Educational Attainment [Select Markets, 2013 (Age 25-64)]

    Overall, 66% of Ontarios adult

    population has completed post-

    secondary education

    University: 32%

    College: 27%

    Apprenticeship: 7%

    66% 64%

    55%

    47%44% 42%

    36%32%

    19%

    Note: Not all jurisdictions count apprenticeship as post-secondary education

    Sources: Statistics Canada and OECD, 2015

    COMPETITIVE ADVANTAGE > Educational Attainment

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    16 WHY ONTARIO?

    Ontarios Strong Educational InfrastructureOrganization for Economic Co-operation and Developments (OECD)Programme for International Student Assessment, 2012

    Reading Scores

    PISA 2009 Score

    528 523

    505498 496 494

    Ontario Canada G8 Avg. USA OECD Avg. EU15 Avg.

    Mathematics Scores

    PISA 2009 Score

    518 514501 496 494

    481

    Canada Ontario G8 Avg. EU15 Avg. OECD Avg. USA

    Science Scores

    PISA 2009 Score

    527 525

    511504 501 497

    Ontario Canada G8 Avg. EU15 Avg. OECD Avg. USA

    Canada is among the highest ranked jurisdictions inthe OECDs assessment of students reading, math,and science skills.

    Note: OECDs Programme for International Student Assessment (PISA) compares standardized test results of 15 year-olds in 65 countries. It isconducted every three years.

    Sources: OECD and Statistics Canada, 2013

    COMPETITIVE ADVANTAGE > Ontario's Strong Educational Infrastructure

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    17 WHY ONTARIO?

    Ontario is a Leader in Recruiting and Retaining a HighlySkil led Workforce

    Overall People-Risk Rankings, 2013

    Rank City

    1 New York City

    2 Singapore

    3 Toronto

    4 London

    5 Montreal

    6 Los Angeles

    7 Copenhagen

    8 Hong Kong

    9 Zurich

    10 Vancouver

    Out of 138 global cities examined, Toronto ranked third forlow risks associated with employment and redeployment.

    Canadas strengths are derived from strict enforcement ofequal opportunity laws, clear government-mandated healthand retirement benefits, low levels of corruption, and thehigh quality and broad availability of training facilities.

    Source: AON Consulting, 2014

    ECONOMIC PROFILE > Ontario's People Risk Index and Global Comparison

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    18 WHY ONTARIO?

    Government Supported R&D Centres Located throughout Ontario

    Medical Related Services

    Centre for Excellence for Mining Innovation

    Bio Energy Research Centre

    Networks of Centres of Excellence (NCE)

    Ontario Centres of Excellence (COE)

    National Research Council Institute (NRC)

    COMPETITIVE ADVANTAGE > Research Infrastructure

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    19 WHY ONTARIO?

    Competitive Business Costs

    Overall Business Costs Index (US=100)

    88.5 89.1

    91.692.3

    93.1 93.4 93.594.2

    100

    Source: MEDEI/MRI analysis, prepared using CompetitiveAlternatives.com Cost Model, 2014 version, accessed August 27, 2015

    COMPETITIVE ADVANTAGE > Cost of Doing Business

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    20 WHY ONTARIO?

    Lower Healthcare Costs for Employers Compared to the US

    Employer Health Costs for a Typical Firm (Thousands US$)

    980

    457

    US Ontario

    Average cost to employers in the USis about twice as much as it is inOntario

    Note: Typical firm defined as having approximately 91 employees

    Source: MMK Consulting, 2014 (Special run for MEDEI/MRI)

    COMPETITIVE ADVANTAGE > Healthcare Costs

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    21 WHY ONTARIO?

    Competitive Corporate Taxes on Manufacturing

    Combined Federal and State/Provincial Corporate Income Tax Rate in Manufacturing (Per Cent)

    25.0%

    32.0% 32.5%35.3% 35.6% 35.9% 35.9% 36.0% 36.3% 36.4% 37.7% 37.9% 38.0% 38.0% 38.5%

    Source: Ontario Ministry of Finance, based on information as of Dec 19, 2014.

    COMPETITIVE ADVANTAGE > Corporate Income Tax Rate Comparison

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    22 WHY ONTARIO?

    Globally Competitive Corporate Taxes

    Combined National-Subnational General Corporate Income Tax (CIT) (Per Cent)

    The combined federalOntariogeneral CIT rate is significantly lowerthan the average federalstate CIT

    rate in the United States Ontariosmajor trading partner.

    Source: Ontario Ministry of Finance, and KPMG International, based on information as of Feb 27, 2015

    COMPETITIVE ADVANTAGE > Corporate Income Tax Rate Comparison

    26.5% 28.2%

    31.5%

    39.0%

    Ontario G20Average G7Average USAverage

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    23 WHY ONTARIO?

    Marginal Effective Tax Rate (METR) on New BusinessInvestment Lower than US and OECD Averages

    Ontarios Tax Competitiveness (Per Cent)

    34.7%

    20.2%

    16.3%

    US Average OECD Average Ontario

    Notes: The marginal effective tax rate (METR) takes into account federal and provincial/state corporate income taxes, capital taxes and sales taxes.The OECD METR is the average for OECD member countries excluding Canada.Sources: Finance Canada, and Ontario Ministry of Finance, based on information as of September 30, 2015.

    COMPETITIVE ADVANTAGE > Marginal Effective Tax Rate Comparison with OECD Countries

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    24 WHY ONTARIO?

    Ontarios R&D Cost Advantage

    R&D Cost Advantage (Per Cent)

    28.1%

    23.9%

    23.3%

    18.0%

    17.3%

    14.2%

    14.1%

    13.9%

    0%

    Netherlands

    Ontario

    France

    Australia

    Italy

    United Kingdom

    Germany

    Japan

    US

    Ontario has a 23.9%cost advantage

    relative to the US

    Source: MEDEI/MRI analysis, preparedusing CompetitiveAlternatives.comCost Model, 2014 version. Based oninformation as of September 15, 2015.

    After-Tax Cost of $100 R&D ExpenditureSmall and Medium Sized Manufacturers

    R&DExpenditure

    (general)

    R&DExpenditure

    (at eligibleOntario research

    institutes)

    Gross

    expenditure $100.00 $100.00

    Actual af ter-taxexpenditure

    $54.79 $42.62

    Note: based on information as of September 30, 2015.

    Sources: Ontario Ministry of Finance and Canada Revenue Agency

    COMPETITIVE ADVANTAGE > R&D Tax Credit

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    25 WHY ONTARIO?

    Ontario Attracts Investors from Many Countries

    Foreign direct investment projects in Ontario by source country, 2014

    COMPETITIVE ADVANTAGE > Sources of Ontarios Foreign Direct Investment Projects

    US,45.13

    UK,12.39

    Germany,

    7.08

    France,

    6.19

    China,

    3.54

    India,

    3.54

    Denmark,

    2.65

    Switzerland,

    2.65

    Japan,2.65

    Sweden,2.65 Other,11.53

    Source:fDiIntelligence,April2015.

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    26 WHY ONTARIO?

    3 INTERNATIONALTRADE PROFILE

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    27 WHY ONTARIO?

    Goods and Services Exports are a Key Part of Ontarios Economy

    Goods and Services Export Intensity, 2014

    Gross Domestic Product

    International33.6%

    Interprovincial18.6%

    0%

    20%

    40%

    60%

    80%

    100%

    International exports areequivalent to around 34% ofOntarios GDP

    Note: 2014 GDP is $720,981 million

    Source: Ontario Ministry of Finance, April 2015

    INTERNATIONAL TRADE PROFILE > Ontario's Goods-and-Services Export Intensity

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    28 WHY ONTARIO?

    Ontario Trades with the World

    Top Ten Trade Partners, 2014

    Note: Figures for 2014. Export figures are domestic exports only (does not include re-exports)

    Source: Industry Canada with data from Statistics Canada, 2015.

    INTERNATIONAL TRADE PROFILE > Exports and Imports, by Country

    Exports

    Rank Country % Share in Total

    1 United States 79.3%

    2 United Kingdom 6.4%

    3 Hong Kong 1.8%

    4 China 1.2%

    5 Mexico 1.2%6 Japan 1.1%

    7 Norway 1.0%

    8 Germany 0.6%

    9 Italy 0.6%

    10 Switzerland 0.6%

    Imports

    Rank Country % Share in Total

    1 United States 56.4%

    2 China 11.7%

    3 Mexico 7.6%

    4 Japan 3.0%

    5 Germany 2.6%6 Korea, South 1.6%

    7 United Kingdom 1.3%

    8 Italy 1.1%

    9 Switzerland 1.0%

    10 Taiwan 0.8%

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    29 WHY ONTARIO?

    Ontario Trades in a Variety of Goods

    Top Five Product Categories, 2014

    Exports

    34%

    11%

    9%4%

    4%

    38%

    Motor Vehicles

    Metals and PreciousStones

    Machinery & Mech.

    Appliances

    Plastics

    Electrical Equipment

    Others

    Imports

    21%

    15%

    11%

    4%4%

    45%

    Motor Vehicles

    Machinery & Mech.Appliances

    Electrical Equipment

    Metals & PreciousStones

    Pharmaceuticals

    Others

    Source: Industry Canada, Trade Data Online (data from, Statistics Canada, November 2014)

    INTERNATIONAL TRADE PROFILE > Exports and Imports, by Product

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    30 WHY ONTARIO?

    Canadas Trade Negotiations and Agreements

    INTERNATIONAL TRADE PROFILE > Canadas Trade Agreements

    Countries with CompletedFree Trade Agreements

    Countries with Free TradeAgreements Being Negotiated

    Countries with Free TradeAgreements in Explo ratoryDiscussions

    Al l o ther countries w ithoutFree Trade Agreements w ithCanada

    Note: FTA coverage does not include WTO Agreements. The Canada-EU trade agreement (CETA) negotiations concluded in August2014 and is awaiti ng ratif ication. If approved in 2015 the CETA could be applied in 2016.

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    31 WHY ONTARIO?

    4 LIVING INONTARIO

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    32 WHY ONTARIO?

    Ontarians Enjoy a Good Quality of Life

    Mercer 2015 Quality of Living Survey Index, Top Cities in North America

    Rank City Country

    5 Vancouver Canada

    15 Toronto Canada

    16 Ottawa Canada

    24 Montreal Canada

    27 San Francisco United States

    33 Calgary Canada

    34 Boston United States

    36 Honolulu United States

    43 Chicago United States

    44 New York City United States

    44 Seattle United States

    Source: Mercer - Quality of Living, 2015

    LIVING IN ONTARIO > Quality of Life

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    33 WHY ONTARIO?

    Ontarians Speak Many Different Languages

    Select Languages Spoken by Ontarians

    93,080 128,440 133,390140,805 140,315 147,723 178,335

    251,330

    499,380

    685,193

    1,426,540

    Russian Polish Arabic Filipino German Portuguese Spanish Italian Major Chinese

    languages

    Majorlanguagesspoken in

    India

    French

    Ontarios population was 12.85 million in 2011.

    Source: National Household Survey (NHS), Statistics Canada, 2013 (data for 2011).

    LIVING IN ONTARIO > Languages Spoken

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    34 WHY ONTARIO?

    Ontario is Ethnically Diverse

    Ontarios Immigrant Population by Place of Birth

    Asi a44.8%Europe

    33.4%

    United States3.2%

    Americas16.1%

    Africa5.4% Oceania

    and other0.3%

    Sources: Statistics Canada, 2013. National Household Survey (NHS)

    LIVING IN ONTARIO > Ethnic Diversity

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    35 WHY ONTARIO?

    5 GOVERNMENTOF ONTARIOS

    INVESTMENTAND TRADEPROMOTION

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    36 WHY ONTARIO?

    Government of Ontarios Presence Abroad

    GOVERNMENT OF ONTARIOS INVESTMENT AND TRADE PROMOTION > International Representation

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    37 WHY ONTARIO?GOVERNMENT OF ONTARIOS INVESTMENT AND TRADE PROMOTION > Ontarios Plan for Jobs and Growth

    Ontarios Plan for Jobs and Growth

    Launched in Budget 2013, OntariosEconomic Plan for Jobs and Growth is

    supporting economic renewal andpositioning the province to continue itsglobal economic leadership through the21st century.

    It builds on Ontarios strong economicfundamentals to focus governmentpolicy and investments in priority areasthat will drive economic developmentand job creation. This includes building

    the talent and skills of Ontariosworkforce, building modern

    infrastructure and supporting adynamic and innovative businessclimate.

    The 2015 Budget expands on thisplan. The government will continue towork hard to ensure Ontario is well-positioned for continued economicgrowth over the next 10 years.

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    38 WHY ONTARIO?

    Recent Initiatives Encouraging Investment

    Has eliminated the capital tax,

    reduced corporate income tax ratesand has passed the Supporting SmallBusiness Act, increasing theexemption for the Employer HealthTax for small businesses.

    Has announced the Going GlobalTrade Strategy to help morecompanies export to global markets,helping to create jobs in Ontario.

    Has invested in key sectors and

    regions of the economy, and inpromoting research, innovation andcommercialization.

    Is extending the Ontario Youth JobsStrategy by $250 million for two more

    years, that has helped over 29,000young people gain the benefit of on-the-job workplace experience over thelast two years.

    GOVERNMENT OF ONTARIOS INVESTMENT AND TRADE PROMOTION > Recent Initiatives for Investment

    The Ontario Government:

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    39 WHY ONTARIO?GOVERNMENT OF ONTARIOS INVESTMENT AND TRADE PROMOTION > Program Initiatives

    Competitive Business Tax

    Improving Business Tax Competitiveness

    The government has fundamentallyrestructured the tax system to improveOntarios business tax competitiveness andenhance Ontarios advantages in sustaininglongterm economic growth and job creation.

    These measures include:

    Replacing the Retail Sales Tax with theHarmonized Sales Tax (HST), a more modernvalueadded tax;

    Eliminating the Capital Tax, which corporationspaid whether or not they had a profit and was asignificant disincentive to investment;

    Cutting Corporate Income Tax (CIT) rates forsmall and large businesses; and

    Streamlining CIT and sales tax administration,which is saving businesses over $635 million peryear in reduced compliance costs.

    Ontarios business tax system is one of themost competitive internationally. Since 2009,the marginal effective tax rate on new businessinvestment has been cut in half.

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    40 WHY ONTARIO?GOVERNMENT OF ONTARIOS INVESTMENT AND TRADE PROMOTION > Program Initiatives

    Opportunities for Businesses

    Provincial Initiatives

    The new province-wide, 10-year, $2.5 billion Jobs

    and Prosperity Fund (JPF) will partner with businessto attract investments, strengthen Ontarios strategicsectors and support the provinces future economicgrowth.

    The new fund will secure business investments thatfocus on jobcreating innovation, productivity and

    going global, and will invest in Ontarios key sectors.

    The government has committed over $110 million inregional economic development through both theEastern Ontario Development Fund andSouthwestern Ontario Development Fund,leveraging a total investment of over $1 billion.

    These regional programs support economic

    development initiatives to businesses, municipalitiesand not for profit associations.

    The Better Business Climate Act, 2014 requires thegovernment to publish an annual report highlightingthe governments burden reduction activities.Ontarios new burden reduction strategy will savebusinesses and stakeholders over $100 million by theend of 2017.

    Through the act, which went into effect in December2014, Ontario will work with business and otherpartner leaders to develop cluster development plansthat identify key polices to support cluster growth andpromote stronger collaboration.

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    41 WHY ONTARIO?GOVERNMENT OF ONTARIOS INVESTMENT AND TRADE PROMOTION > Program Initiatives

    Modern Infrastructure

    The province plans to invest more than $130billion in public infrastructure over ten years,inc luding $24 bil lion by 2015-16.

    Infrastructure investments would remainfocused on the most cr itical areas such astransportation, health care and education.

    Transportation Infrastructure: $31.5 billion overten years to improve transportation

    infrastructure, including $2.5 billion in 2015-2016 for highway rehabilitation and expansionprojects across the province.

    Education Infrastructure: to provide over $11billion over ten years in capital grants to schoolboards that will help build new schools in areas

    of high growth and improve the condition ofexisting school facilities. As of the spring of2015, nearly 100 major capital projects are

    either in planning or underway across theprovince.

    Postsecondary Infrastructure: to provide morethan $900 million for infrastructure in collegesand universities.

    Health Infrastructure: to invest over $11 billionover ten years in capital grants to hospitalsover three years. Across Ontario,approximately 40 major hospital projects areunder construction or in various stages ofplanning.

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    42 WHY ONTARIO?GOVERNMENT OF ONTARIOS INVESTMENT AND TRADE PROMOTION > Program Initiatives

    Highly Skilled Workforce

    Ontario has made signi ficant investmentsto build the knowledge and skil ls of itspopulation, ranging from full-day

    kindergarten to postsecondary education.

    Youth aged 15 to 29 account for 35 per cent ofparticipants in Employment Ontario, theprovinces $1 billion system of employmentand skills training programs and services.

    Ontario is renewing its Youth Jobs Strategythat will provide an additional investment of$250 million over two years to prepare up to150,000 of Ontarios youth with the right skillsfor employment opportunities in growingindustries.

    Since 200203, there are over 170,000additional students enrolled at Ontario collegesor universities, an increase of 43 per cent.

    Since 200203, Ontario has created almost16,000 new graduate spaces, an increase of58 per cent.

    66 per cent of adults in Ontario had apostsecondary credential in 2013, up from 56

    per cent in 2002 and higher than any country inthe Organisation for Economic Co-operationand Development.

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    43 WHY ONTARIO?GOVERNMENT OF ONTARIOS INVESTMENT AND TRADE PROMOTION > Program Initiatives

    Promoting Entrepreneurship and Innovation

    The Government of Ontario offers programsand funds to promote entrepreneurship andinnovation such as:

    Commercialization and Innovation Voucher PilotProgram: helping entrepreneurs and smallbusinesses to access innovation, productivityand commercialization services offered byOntarios research institutions.

    Northleaf Venture Catalyst Fund: a $300 millionfund in partnership with the federal governmentand the private sector.

    The Ontario Brain Institute: supporting medicaldiscovery by committing $100 million to theOntario Brain Institute over five years.

    The Youth Jobs Strategys YouthEntrepreneurship Fund and Youth Innovation

    Fund are providing young entrepreneurs withtraining, resources, mentorship and capital andhelping develop Ontarios future businessleaders

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    44 WHY ONTARIO?GOVERNMENT OF ONTARIOS INVESTMENT AND TRADE PROMOTION > Program Initiatives

    Helping Social Enterprises Grow and Create Jobs

    The Government of Ontario has launched a newSocial Enterprise Strategy that will help socialenterprises start and grow their businesses

    while supporting the creation of 1,600 new jobsin the sector by focusing on four key areas:

    Connecting, co-ordinating and communicatinginformation to, and about, social entrepreneurs,including exploring new ways to help create'hybrid' corporations that reinvest profits in a social

    purpose

    Building the social enterprise brand by increasingawareness of the sector using tools like aninteractive web portal where social entrepreneurscould meet and connect with investors, andaccess services.

    Creating a vibrant social finance marketplacethrough various initiatives, including implementinga new $4 million Social Enterprise

    Demonstration Fund to improve access to capitalfor high-growth social enterprises. In February2015, the government announced support for 11social finance organizations through the SocialEnterprise Demonstration Fund.

    Delivering other innovative supports, like a pilot

    program to help social enterprises be part ofprocurements related to the 2015 Pan

    Am/Parapan Am Games

    Our goal is to make Ontario the number onejur isdiction in North America for socialenterprise.

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    45 WHY ONTARIO?GOVERNMENT OF ONTARIOS INVESTMENT AND TRADE PROMOTION > Program Initiatives

    Going Global

    Ontario is helping expand the province'spresence in global markets, grow the

    economy and create jobs through a newtrade strategy. As part of Ontarios Planfor Jobs and Growth, the Going GlobalTrade Strategy will :

    Already helped exporters with over 90

    outbound missions in priority sectors.Streamline export programs and resourcesfor businesses so they can more easilyaccess the supports they need to go global.

    Increase support for more Ontario

    companies to export their products orservices.

    Strengthen trade corridors with the UnitedStates.

    Work with the federal government to pursuenew trade agreements

    Maximize the benefits from the Canada-EUTrade Agreement.

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    46 WHY ONTARIO?

    Ministry of Economic Development, Employment andInfrastructure / Ministry of Research and Innovation

    Please contact us for assistance with:

    the latest information on our economy and business climatecomprehensive profiles of Ontario municipalities

    province-wide site searches of available industrial land and buildings

    liaising of site selection and community visits throughout the province

    contacts with federal, provincial and municipal officials, as well as utilities, transportation firmsand business facilitators.

    [email protected]

    GOVERNMENT OF ONTARIOS INVESTMENT AND TRADE PROMOTION > Contact Information

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    Prepared by:Global Competitiveness UnitResearch and Analysis BranchPolicy and Strategy DivisionOntario Ministry of Economic Development,Employment and Infrastructure / Ministry ofResearch and Innovation

    900 Bay Street, 7th FloorToronto, OntarioM7A 2E1

    Phone: 416-325-0078

    InvestInOntario.com

    SourceFromOntario.com