for Foreign Trade zones buyers
This is the private community of mostly non-Canadian investors in Canada, who provide employment, for financial companies who use local headquarters to transact benefiting financial services or manufacturing services that provide employment and non-banking services between Canada, Newfoundland, and the world. And conform to the local and federal laws, concerning work permits, residency, customs, citizenship and taxation.
We provide to you a home in Ocean Hills and, If requested, office space, or join with other owners to develop a club for like-minded neighbors. We require investment in manufacturing, real estate, or financial services that enhance the growth of local employment and goods and services of the local communities and the financial support of your choice of church or educational institution.
We are not a government agency, nor do we represent the Government of Canada or the Province of Newfoundland in any way. Our requirements are that of a private company.
We are taking expressions of interest, to reserve your choice of location.
We believe in the long term future of the community we’re building at Ocean Hills. We’re offering the safety of an Island with practically zero crime, on or off the grid Electrical.
For Corporations or Executives or Professionals outside of Canada
Corporations or Executives Welcome.
About Canada (Local and your home country can advise Legal and Accounting Services can advise interested parties directly).
The following information from the Canadian Government Web Site
Canada’s Unmatched Investment Climate
Canada has taken important steps in providing new trade advantages for investors. Canada’s world-class investment environment is underpinned by the lowest overall tax rate on new business investment in the G-7, a duty-free tariff regime on imports of manufacturing inputs and machinery, the fact the Goods and Services Tax/Harmonized Sales Tax (GST/HST) is fully recoverable for most businesses and does not apply to exports, and many other complimentary benefits found in FTZs around the world but with a key difference: Canada’s duty and tax relief is geographically flexible. It can be enjoyed anywhere in the country.
Canada’s geographically flexible approach is superior to efforts by other countries that focus on location-specific foreign trade zones by allowing businesses to choose the location that best fits their needs. This makes Canada a destination of choice for foreign investment.
Canada’s Low Corporate Taxes
Since 2000, Canada’s federal corporate income tax rate has been cut almost in half, to 15 per cent in 2012. As of 2013, the combined federal-provincial corporate tax rate is slightly above 26 per cent, which is 13 percentage points lower than the comparable rate in the United States.
Taking into account all the federal, provincial and territorial statutory corporate income taxes and other taxes paid by corporations, including capital taxes and retail sales taxes on business inputs, Canada’s overall tax rate on new business investment is the lowest in the G-7, and lower than the OECD average.
The KPMG publication Competitive Alternatives 2012 rigorously analyzed the impact of federal, state, provincial and municipal taxes on business operations. KPMG concluded that Canada’s total business tax costs – corporate income taxes, capital taxes, sales taxes, property taxes, and wage-based taxes – are the lowest in the G7 and more than 40 per cent lower than those in the United States.
Canada has a value-added consumption tax – the Goods and Services Tax (GST) – which does not apply to exports and is fully recoverable for businesses engaged in commercial activities. The provinces of Ontario, Nova Scotia, New Brunswick, Prince Edward Island, and Newfoundland and Labrador have harmonized their provincial sales taxes with the GST under the Harmonized Sales Tax (HST). Businesses operating in these provinces, therefore, use one set of consumption tax rules, have one consumption tax administrator and use one form to report and recover these taxes. The province of Quebec has a value-added tax that is harmonized with the GST base, which also does not apply to exports and is fully recoverable for businesses engaged in commercial activities.
Duty-free Manufacturing Tariff Regime
In recent years, Canada has implemented a major new initiative that will eliminate tariffs on all manufacturing inputs by 2015—the first country in the G-20 to offer a tariff-free zone for industrial manufacturers. Canada’s initiative applies across the entire country, making Canada one large FTZ for firms importing manufacturing inputs.
Free trade in manufacturing inputs is an important source of competitive strength for businesses in Canada. By reducing the cost of importing key factors of production, tariff relief encourages innovation, enhances productivity, reduces customs compliance costs, and eliminates the administrative burden of complying with various rules and regulations.
In addition, investors who choose Canada for their next investment destination will have the advantage of importing advanced machinery and equipment into Canada free of import duties. This reduces the import cost of advanced machinery and equipment, thereby realizing productivity gains from efficient production.
What this Means for Investors
The duty-free treatment of manufacturing or processing equipment reduces costs and increases the profitability of investors’ global operations. By reducing the cost of importing key factors of production, the elimination of tariffs encourages innovation and allows businesses to enhance their stock of capital equipment. This is particularly important to small and medium-sized foreign investors who choose Canada as a place to invest and as a base from which to operate and export.
The elimination of tariffs will reduce customs compliance costs, simplify the tariff structure and eliminate the administrative burden of complying with multiple rules and regulations. This makes Canada a tariff-free zone for industrial manufacturers and a more attractive place for investors.
Canada’s Duty-free Manufacturing Tariff Regime: Summary of Key Benefits
Complements Canada’s business tax advantage and stable financial sector
Lowers costs of production to increase business competitiveness
Makes productivity-enhancing advanced machinery and equipment purchases more affordable
Simplifies tariff structure
Takes away the need of applying for duties relief and drawback (refund) by manufacturers
Reduces overall tariff compliance cost and administrative burden
Provides duty-free manufacturing and maintains preferential market access under the North American Free Trade Agreement (NAFTA).
Canada as a Foreign Trade Zone
There are important complementary programs that – together with the broad macroeconomic policies – greatly enhance the appeal of Canada as a unique FTZ. These programs
, available across Canada, offer benefits found in locally-oriented FTZs (e.g., in the United States). Thus, Canada’s FTZ-type programs offer investors the vitally important advantage of geographic flexibility. Canada’s programs do not restrict investors to a handful of locations that may be distant from their best markets or may have inadequate infrastructure and poor logistics. In effect, programs such as the Duty Deferral Program, the Export Distribution Centre Program and Exporters of Processing Services Program make it possible to create an FTZ environment exactly where the business needs it, while offering all the benefits of a traditional FTZ.
Key Advantages and Benefits of Canada’s FTZ-Type Programs
Benefits for business
No heavy paper burden
No geographic restriction – accessible regardless of location
Improved cash flow
Reduced operating expenses
Increased international competitiveness