Why Canada is the No: 1 Country for Investors. 2017-12-08T02:03:28+00:00

Canada is probably the best place to live on the planet, offering a high quality of life, greater prosperity, opportunity and security

Why Canada?

Canada consistently ranks as one of the best places to live, work and raise a family, offering one of the highest quality of life experiences for Foreign Nationals seeking prosperity, opportunity and security.

The Organization for Economic Co-operation and Development (OECD), an independent organization which measures Economic progress and World Trade by country, uses an index called the Better Life Index. This index evaluates, measures and compares important and critical factors considered important to the quality of life, including: Housing, well-being, personal security, health status, income and wealth, social connections, environmental quality, jobs and earnings, education and skills, work-life balance, and civic engagement.

In a recent report, the OECD states that Canada “performs very well in many measures of well-being relative to most other countries.” www.oecdbetterlifeindex.org/countries/Canada/

Unparalleled Economic, Work and Career Opportunities

 If you are looking for a dynamic and prosperous country in which to develop and enhance your education and career, then Canada is for you!

Canada welcomes and invites foreign qualifying professionals (see “Work” section) including and especially professionals with experience in the Trades sector as well as Business and self-employed professionals, entrepreneurs and investors seeking strong opportunities and stable work-life balance.

Here’s what makes Canada uniquely qualified:

  1. Canada ranks only 2nd in the G20 for doing business. Source: Forbes.
  2. Canada led all G7 countries in economic growth over the past decade. Source: OECD.
  3. Canada offers unparalleled market access. Source: The World Bank.
  4. No banks were bailed out in the 2008 World Financial Crisis showing Canada’s financial stress test at its strongest in what became one of the most unstable financial periods in the last generation.
  5. The newly signed (February 2017) EU-Canada Comprehensive Economic and Trade Agreement (CETA) will create thousands of NEW jobs.
  6. The value of trade in goods between the EU and Canada was €64.3 billion in 2016
  7. The EU is Canada’s second-biggest trading partner after the United States, accounting for 9.6% of its trade in goods with the world in 2016
  8. Canada accounted for almost 2 % of the EU’s total external trade in goods in 2016

Safe and Secure

Canada’s low crime rate is the envy of many countries around the world, particularly amongst its southern neighbours.

Canada’s low crime rate is the envy of many countries around the world, particularly amongst its southern neighbors.

In a Canadian Statistics poll in 2010, it was reported that “Canada’s crime rate is the lowest in nearly 40 years, as the volume of crime dropped five per cent in 2010 from the year before. The national crime rate has been falling steadily for the past 20 years and is now at its lowest level since 1973.”

Violent crime is extremely rare and gun ownership is almost four times lower than the US. This has boosted Canada’s global reputation and in 2014, the OECD Better Life Index awarded Canada an impressive 9.7 out of 10 for safety and security. Ownership of personal firearms is lower, probably because Canadians simply feel safer in their communities. The process of obtaining a license and firearm is also lengthy and stringent, particularly when compared to the US.

Communities and the social fabric in Canada are well integrated, connected and functional, offering new arrivals and a welcoming and real community experience.

Put simply, Canada is a very safe and secure place to raise a family.

Knowledge leadership through Education

Knowledge leadership through Education

The Canadian government spends more per capita on education than any other country in the World.

This level of investment in its education system with a commitment to ensure its citizens have direct access to some of the best schools in the world, regardless of background. This is a concrete demonstration of the value and confidence Canada has in its citizens and education system.

The reputable Triennial Program for International Student Assessment (PISA) 2015 report commissioned by the Organization for Economic Cooperation and Development (OECD) shows that Canada’s education system consistently beats the competition in science, reading and on equity issues like gender balance, compared to the United Kingdom and the United States, which came 15th and 25th overall.

Canada performs particularly well in math and ranks 2nd in the world for reading.

As a result, Canadian children perform well across the board and, on average, stay in education longer than most other countries. This, in turn, has created a well-informed, well paid society that offers extraordinary educational and career opportunities for those seeking a better life.

Diverse and Dynamic

Diverse and Dynamic

Canada comes out on top again, as being one of the most diverse nations in the world

Canada’s Anglo-French culture was ingrained in the national identity from its conception.

41 of Canada’s 338 members of parliament were born overseas proving that tolerance and multiculturalism are promoted and protected at the heart of government.

It is virtually impossible to walk down a street in Toronto or Vancouver without hearing a foreign language being spoken or catching the scent of some tempting International cuisine. It can be relatively easy to settle into life in Canada, as Canadians are very accepting and respecting others is very much a part of the national psyche. If you are willing to get out, meet new people and embrace your new country, Canada is ready to embrace you.

Canada welcomes qualifying Foreign Nationals

  • 1 out of every 5 people in Canada were not born in Canada.
  • Many of Canada’s immigrants have lived in the country for many years, while others are relative newcomers.
  • Canada has the highest proportion of foreign-born in the G8 .

Diversity in Canada extends far beyond race and ethnicity. It spans language, gender, religious affiliations, sexual orientation, abilities and economic status. One area where diversity is often discussed is in the labour market.

Welcoming Communities

The Organization for Economic Co-operation and Development (OECD) has named Canada as the best country in the world for acceptance and tolerance.

In addition, a report commissioned by the Legatum Institute, ranked countries which compares 142 countries and bases its prosperity index, ranked Canada extremely high economy, entrepreneurship and opportunity, governance, education, health, safety and security, personal freedom and social capital.

Canada’s relaxed and liberal reputation is well earned. It has long been a pioneer of civil rights and was the first country outside of Europe to legalize same sex marriage over a decade ago. Canada’s multicultural, diverse spirit is evident in both its forward thinking immigration policy and its zero tolerance approach to hate crimes and racial abuse.

Related Links

Canada: Land of the Free

Canada also stood out this year for being the “freest country in the world” with its tolerance of immigrants, minorities, freedom of expression and beliefs.

In fact, an overwhelming percentage of Canadians — 92 per cent — agreed that their country is a good place for immigrants, and another 94 per cent said they believe that they have the freedom to choose the course of their own lives.

Canada has long recognized the enormous value skilled immigrants to the Canadian including the Canadian economy and communities across Canada. There are countless stories of success of immigrants coming to Canada and realizing the Canadian dream of owning and operating a business and contributing to Canadian society in multiple ways.

Canada is recognized around the World for its sensible and balanced immigration policies, offering qualifying individuals seeking to make Canada their home. Canadians report feeling relatively safe and feeling welcome when travelling around the World.

Canada needs and wants more immigration.

Canada will welcome nearly one million immigrants over the next three years, according to the multi-year strategy tabled by the Liberal government today in what it calls “the most ambitious immigration levels in recent history.”

The number of economic migrants, family reunifications and refugees is expected to reach around 310,000 in 2018, up from 300,000 in 2017, rising to 330,000 in 2019 and around 340,000 by 2020.

The Canadian government is boosting the base number of immigrants allowed into Canada next year to 300,000, to help drive economic growth as the country grapples with an aging demographic.

Government sources stated that its new immigration plan is will “lay the foundation for future growth.”

The government’s economic growth council had recommended raising immigration levels to 450,000 over the next five years.

Entries up for economic class

The 2017 targets boost entries for those in the “economic” class — skilled workers, businesspeople and caregivers — to 172,500 from 160,600. In the family class, the number of sponsored spouses, partners, children, parents and grandparents will climb to 84,000 from 80,000.

Dealing with depopulation

Immigrants add enormous value to Canada’s fabric of communities and its diverse economy.

If not for immigration, the population of Manitoba would have declined in the last decade.

Immigration plays a critical role in terms of the future of Canada, in particular in regions where the threat of depopulation is a reality. Manitoba and other provinces are subject to that depopulation.

An Economic Powerhouse for Sustainable Growth

Canada has one of the strongest and most progressive economies in the world, offering a huge variety of educational and career opportunities for anyone seeking to better their lives.

Canada is set to have one of the fastest growing developed economies this year

With strong economic growth posted in the first half of 2017, the Canadian economy is expected to grow by an impressive 3.1 per cent in 2017, according to The Conference Board of Canada’s Canadian Outlook Bulletin: Autumn 2017.

Canada’s economy continues to perform well above potential and is on track to outperform most other developed economies by a sizable margin, according to the Conference Board of Canada.

Canada’s banking system is the bedrock of its strong, secure economy and has been voted one of the most stable banking systems in the World for seven consecutive years, by the World Economic Forum

The postcard images of spectacular lakes, open spaces and mountains are undoubtedly alluring, but anyone moving overseas must consider the practical and financial benefits of any possible destination. This financial security allows Canada to offer its residents one of the highest standards of living of all the G20 nations.

Universal Affordable Healthcare

Canada offers one of the highest, fairest and most accessible healthcare services  in the world.

Health care in Canada is delivered through a publicly funded healthcare system, which is either offered at minimal cost or is free (Determined by each Province) at the point of use with some services provided by private entities. Canadian Health care is guided by provisions and regulations enshrined in the Canadian Health Act and overseen and regulated by Federal and Provincial regulatory bodies who are responsible for delivering the highest standards of care expected by the tax paying public.

Each province is given a health budget to administer locally and issue health cards to all eligible residents allowing them to access health care.

Depending on which sort of visa you have, you may be granted a health card, but it is worth researching before hand in case you need to take out private insurance.

About Medicare

Medicare is the unofficial term for Canada’s publicly funded universal health insurance system. Medicare is delivered under the provision of the Canada Health Act and the health insurance legislation of the individual provinces and territories.

Under this system, ALL Canadian residents have reasonable access to necessary medical care and attention including from emergency, hospital and physician services without paying out-of-pocket expenses.

Roles and responsibilities for health care services are shared between provincial and territorial governments and the federal government.

The provincial and territorial governments are responsible for the management, organization and delivery of health care services for their residents.

The federal government is responsible for:

Canada Health Act

Provincial and territorial health care insurance plans must meet the standards described in the Canada Health Act. This is necessary to get their full payment under the Canada Health Transfer.

These standards include:

  • public administration
  • comprehensiveness
  • universality
  • portability
  • accessibility

Accessibility

The provincial and territorial plans must provide all residents reasonable access to medically necessary services. Access must be based on medical need and not the ability to pay.

Federal funding for health care

The federal government provides health care funding to the provinces and territories through the Canada Health Transfer.

Provinces and territories receive additional federal funding support through other fiscal transfers.

Delivering health care services to specific groups

We provide certain direct health care services to some population groups, including:

  • First Nations people living on reserves
  • Inuit
  • serving members of the Canadian Forces
  • eligible veterans
  • inmates in federal penitentiaries
  • some groups of refugee claimants

Public administration

The provincial and territorial plans must be administered and operated on a non profit basis by a public authority.

Comprehensiveness

The provincial and territorial plans must insure all medically necessary services provided by:

  • hospitals
  • physicians
  • dentists, when the service must be performed in a hospital

Medically necessary services are not defined in the Canada Health Act. The provincial and territorial health care insurance plans consult with their respective physician colleges or groups. Together, they decide which services are medically necessary for health care insurance purposes.

If a service is considered medically necessary, the full cost must be covered by the public health care insurance plan.

Universality

The provincial and territorial plans must cover all residents.

Portability

The provincial and territorial plans must cover all residents when they travel within Canada. Limited coverage is also required for travel outside the country.

When a resident moves to another province, they can continue to use their original health care insurance card for 3 months. This gives them enough time to register for the new plan and receive their new health insurance card.

Other federal health-related functions

We are responsible for the regulation of products, such as:

  • food
  • consumer products
  • pharmaceuticals
  • cosmetics
  • chemicals
  • pesticides
  • medical devices
  • radiation-emitting devices like cellphones

The federal government also supports:

  • health research
  • health promotion and protection
  • disease monitoring and prevention

The government also provides tax support for health-related costs:

  • tax credits for:
    • disability
    • medical expenses
    • caregivers and disabled dependents
  • tax rebates to public institutions for health services
  • deductions for private health insurance premiums for the self-employed

Accessing health care services

Canadians most often turn to primary health care services as their first point of contact with the health care system.

In general, primary health care:

  • delivers first-contact health care services
  • coordinates patients’ health care services to support:
    • continuity of care, which means receiving high quality care from diagnosis to recovery
    • ease of movement across the health care system when more specialized services are needed from specialists or in hospitals

The provinces and territories also provide supplemental coverage to certain groups of people, such as:

  • seniors
  • children
  • social assistance recipients

This helps pay for health care services that are not generally covered under the publicly funded health care system. These services include:

  • vision care
  • dental care
  • prescription drugs
  • ambulance services
  • independent living (home care)

Those who do not qualify for supplementary benefits under government plans pay for these services through:

  • out-of-pocket payments
  • private health insurance plans

For more information about Canada’s healthcare system, please speak with an Immigrate4Canada professional.

Super-Natural

From Sea-to-Sky and Rainforest to Desert and Snow Capped Peaks, Canada offers an amazing four season lifestyle.

Super-Natural

With almost 10 million square kilometers of stunning countryside, Canada is the second largest country in the world and undoubtedly one of the most beautiful. From ice bound artic tundra and snow sprinkled peaks to sparkling lakes and vast woodlands, Canada can take your breath away at every turn. Every weekend and holiday can be packed with skiing, whale watching, kayaking and hiking around this spectacular wilderness.

Toronto was recently named the fourth most attractive city in the world, proving that even the cities are pretty in Canada. With a relatively small population of just 35 million spread across this vast country, there is plenty of room and reasonably priced housing almost everywhere.

Mountains. Forests. Deserts. Glaciers. Beaches.

It would take several lifetimes to see all the natural wonders on our planet, but if you’re looking for a bucket list of some of the best sights Mother Nature has to offer, look no further than your own backyard.

Here are some of Canada’s most breathtaking natural sights worth experiencing.

Algonquin Park

Visit Ontario’s stunningly beautiful Algonquin Park, which inspired the likes of Tom Thomson and others to paint some of the greatest artwork in Canadian history.

This park is home to some of the most spectacular canoe, hiking and mountain-biking routes in the country and is a popular place for camping, fishing and outdoor adventurers.

Algonquin Park offers a rugged landscape of the exposed rock of the Canadian Shield, west of Ottawa. Every year thousands of “cottagers” visit this unique location to enjoy its natural beauty of panoramic views, lakes, cliffs and forested regions. The park is also home to several animal species, including moose, deer, beaver and black bears.

Pitch a tent at the park and go for a hike, follow a portage route or just relax by a lake and watch the wildlife.

Little Manitou Lake

Canada has its own version of the famous Dead Sea tucked away in the heart of Saskatchewan. Named after the “Great Spirit” of the Assiniboine First Nation people, Little Manitou Lake is known for its mineral and salty spa-like waters that allow bathers to float with ease.  The small tourist towns of Watrous and Manitou Beach offer resort and camping amenities to visitors.

Cathedral Grove

The words “big tree” have a whole different meaning for residents of British Columbia. The giant redwood, sequoia and Douglas fir trees in B.C. are unlike anything else in Canada, towering up to 100 metres high and dwarfing the tallest trees you’ll find in the rest of the country.

One of the oldest forests in the region is in Cathedral Grove, where the Douglas fir trees are over 800 years old. There are few buildings in North America that old, making these trees some of the most impressive ancient holdovers on the continent.

Visit these ancient giants and put your hand against the trunk of a centuries-old giant, then stare up at the towering forest all around you.

Cathedral Grove is a gorgeous and easily accessible forest off the highway near Nanaimo, B.C., on Vancouver Island.

Northern Lights

You’ve probably seen spectacular photos of the Northern Lights, but have you ever seen them in person?

There are several places in the country where you can witness this spectacular light show, which is caused by radiation from the sun interacting with the Earth’s magnetic field.

Here’s a little tip: head north, get away from light sources and watch the sky on a clear night. Provincial parks in Alberta, Saskatchewan and B.C. are prime destinations for this, but the very best viewing spots are in Canada’s territories. Yellowknife, in the Northwest Territories, is considered one of top destinations in the world to watch the lights.

Red Sand Beaches

Get some rust-red sand between your toes on the scenic shores of Prince Edward Island, where the lapping waves of the Atlantic Ocean meet the coppery shores of Canada’s smallest province.

The beaches get their red hue from the sandstone cliffs at the edge of the island, which have been eroded by waves over millions of years.

But don’t spend all your time on the beach. PEI is rich in natural beauty, with breathtaking ocean views and some equally spectacular pastoral scenes. Take a stroll through the fields that inspired Anne of Green Gables, and grab a handful of the iron-rich red soil that nurtures PEI’s famous potatoes.

Spotted Lake

The Okanagan Desert in B.C. is a rarity in Canada. The arid, sandy region looks like it belongs in the American Southwest, yet it’s only a brief drive south of B.C.’s scenic Okanagan Valley wine country.

The must-see part of the desert is definitely the Spotted Lake, a mineral-rich body of water that looks like oil or gas spilled in a puddle. The lake is rich in salt, magnesium and other minerals that separate out from the water and float in pools on the surface.

Head-Smashed-In Buffalo Jump

The name says it all. First Nations tribes used to hunt by driving the once-numerous buffalo over this sharp cliff in Alberta, sending the beasts tumbling to certain death below. The precipice outside Fort Macleod, Alta., looks like something taken right out of an old Western film.

The cliff is now considered a UNESCO World Heritage Site, with a tourism center nearby where visitors can learn about the long-defunct buffalo hunt and the First Nations people who practiced it.

 Gros Morne National Park

This mountainous UNESCO World Heritage Site in Newfoundland is breathtaking to behold and fascinating to learn about. The region was once an ancient ocean bed, but continental drift long ago thrust the area up above sea level, creating the unique geography of the park.

Hike through the hills, explore the fjords, take a boat out on the water or pick through the rare rock formations at this natural wonder. And if you’re feeling really adventurous, try hiking up the trail to the lonely peak of Gros Morne Mountain.

Crooked Bush

There’s a stand of aspen trees northwest of Saskatoon that look like they’re right out of a horror film. The place is called the Crooked Bush, and the mutated trees that grow there are warped and twisted like they belong in a Salvador Dali painting. They hook, curl and wrap around themselves and each other in bizarre ways, like nothing you’ll ever see any other place in Canada.

The creepy-looking trees have inspired plenty of ghost stories in local folklore, but scientists say it’s not spirits or the strong Saskatchewan wind that warp the trees. It’s simply science, and a unique genetic mutation that causes the aspens to twist as they grow.

Visitors can follow a wooden walkway through the twisted forest to experience it in all its mind-bending magnificence.

Dinosaur Provincial Park

Head to the Alberta Badlands and take a shot at making history. Dinosaur Provincial Park is Canada’s hotspot for archaeological discoveries, with thousands of dinosaur fossils buried under the rugged terrain.

You may even find a genuine dinosaur fossil. The area has been a popular dig site for decades, but that doesn’t mean it’s been picked over completely. Paleontologists continue to find rare and never-before-seen specimens in this area.

The parched landscape of Dinosaur Provincial Park is also a photographer’s dream, with stark sedimentary rock slopes and peaks that sharply contrast against the beautiful Alberta sky.

Bay of Fundy

Walk on the bottom of the ocean, explore a sea cave and snap photos of some stunning rock formations at the Bay of Fundy off the coasts of New Brunswick and Nova Scotia.

The tide drains out of the Bay of Fundy twice a day, revealing a vast expanse of ocean floor and opening up otherwise inaccessible caves and rock formations. The Bay of Fundy has the highest tidal range in the world, with the water level dropping by as much as 16 meters at low tide.

It’s a truly awesome sight to see billions of tons of water drain out of the bay, then creep back in over the course of a few hours.

Visit during a full moon to see the tide at its highest.

Arctic Summer

The Canadian North remains largely frozen in the summer, but that doesn’t mean it’s a wasteland. May and June are the best months to go on an Arctic safari in Nunavut, since the birds, beasts and whales are at their most active during this time. Set out on the water and go whale-watching for narwhals, belugas and bowhead whales, or keep your eye on the shore and look out for polar bears, walruses and seals.

The Arctic is also a great destination for canoeing or kayaking, and one of the best places in Canada to paddle alongside a massive iceberg.

Banff National Park

Banff National Park is the one of those places you see in postcards, computer backgrounds and beer commercials. With steep, cloud-ringed mountains, crystal-clear lakes and lush forests, this park on the Rocky Mountains is one of the prettiest places in the country and a must-see on any bucket list.

And it’s got something for everyone. Hike the trails, climb the hills, scale the mountains, ski down the slopes or paddle your way across the lakes. Banff is a go-to destination for outdoor enthusiasts on the West Coast, and its natural beauty is truly unparalleled.

When are you coming?

Top of the Menu is Canada’s International Experience in World Cuisine and the Culinary Scene

Despite laying claim to the dubious honour of inventing the Hawaiian pizza, Canada actually has a sophisticated culinary scene.

Canada’s rich and diverse cultural heritage is reflected in its many International cuisines. In cities such as Toronto, Vancouver and Montreal you can find modern European restaurants such as Toqué and Canoe offering high end, fine dining, albeit with a laid back easy-going Canadian style.

Waves of immigration from Europe, Asia and South America have enhanced and enriched Canada’s culinary scene. In most big cities you will find a huge variety of International cuisine, from Vietnamese and Thai to Iranian and Italian.

Canada is home to some of the world top chefs including: actor and film producer David Rocco; Christine Cushing, a Canadian celebrity chef and host of the popular “Fearless in the Kitchen” program; and English born Graham Kerr.

Canadian people – Warm, welcoming and friendly

Canadian people – Warm, Welcoming and Friendly

Canadians are known for their friendliness, helpful attitudes and a generous sense of humour.

Remember, many Canadians immigrated here because they longed for a better life. A life of community, new friends and a fresh start with new opportunities. When they landed, similarly to the Immigate4Canada teams personal experience, they needed help finding work, a new school for their kids and help to settle and establish themselves in Canadian society. The Canadians that went before are often eager to help the new arrivals settle and this level of support is often past on from newcomer to newcomer, from one friend to another and from one generation to the next, forging multi-generational bonds and relationships. This experience adds a unique layer to Canadian society.

Immigration has been a key part of Canadian society throughout its history.

With a population in excess of 36 million, Canada reflects a cultural, ethnic and linguistic mix that is somewhat unique in the world. The Canadian societal system is based on the principle that all citizens are equal and that diversity makes us stronger as a country.

Founding peoples

The founding peoples of Canada include:

  • Aboriginal peoples
  • French Canadians
  • English Canadians

Aboriginal peoples had family living in Canada before European explorers, pioneers and settlers arrived. There are three different groups of Aboriginal peoples:

Aboriginal peoples

  • First Nations
  • Inuit
  • Métis French Canadians are the descendants of French settlers and include:
  • French Canadians
  • Acadians. (Acadians are descendants of French colonists who settled 400 years ago in what is now the Atlantic Region)

Quebecers

People in smaller French-speaking communities across Canada Quebecers (“Québécois” in French) live in Quebec. Most are French-speaking descendants with a direct genealogy from French settlers who brought many French traditions and customs with them. Quebecers have a unique identity, culture and language as do other cultures in Canada.

In 2006, the Canadian Parliament recognized that the Québécois form a nation within a United Canada. One million English-speaking Anglo-Quebecers form an important part of Quebec society.

Cultural and Historical Diversity

Today, many ethnic and religious groups live and work in peace as proud Canadians. Until the 1970s, most immigrants came from European countries. Since then, the majority have come from Asian countries.

About 20 per cent of Canadians were born outside Canada. In Toronto, Canada’s largest and most populated City.

Most Canadians were born in Canada and came from the original founding peoples; however, over the past 200 years, many newcomers have helped to build and defend this country’s way of life.

Most English Canadians are descendants of the United Kingdom and European nations. These include settlers and migrants who came to Canada in the 17th to the 20th century. Generations of these pioneers brought British political customs and traditions to Canada.

Rich in Natural Resources

Canada’s stable economy is built on the strong foundations of its natural wealth. As well a large income from the oil and gas industry, gold, copper, iron ore and uranium all contribute to the country’s impressive GDP. The vast open wide rich central plains of Canada including the Prairies of Alberta, are  ideal for farming from which Canada to exports substantial amounts of wheat and other cereals including wood and lumber products. Over the last decade, natural resource wealth accounted for between 12% and 19% of Canada’s total wealth.

Natural resources not only generate wealth but also contribute raw materials to create other types of wealth such as buildings, bridges, machinery, plastics, chemicals and equipment. Timber and iron are used extensively in constructing houses and bridges. Machinery and equipment are made from a variety of metals such as iron, copper and zinc. As well, these resources are components of consumer durables such as cars and computers.

Canada is also the world’s largest producer of zinc and uranium and a world leader in many other natural resources such as gold, nickel, aluminum and lead and is one of the primary global exporters of forest products.

Natural resource wealth plays an important role in generating income. Businesses invest capital and employ people to produce, process, market, transport and export resources. By doing so, they earn profits and pay taxes and royalties to the provincial and federal governments. These investments, exports, profits and taxes (including royalties) are significant components of Gross Domestic Product (GDP) or current income. As well, resource wealth will generate a stream of future income. This article provides key information and trends related to Canada’s resource wealth over the last decade.

The country is home to eight major forest regions and features 30 percent of the boreal forests in the world. Overall, the forests in Canada make up 10 percent of the overall global forest cover.

Northeastern Alberta is home to three major oil sand deposits, with the Athabasca oil sands being the largest known reservoir of crude bitumen in the world. The soil mixture includes  sand, clay, water, bitumen and other natural minerals, oil sands which account for approximately 97 percent of the country’s oil reserves. Canada is also one of the largest producers and exporters of natural gas, exporting to nearby countries, such as the United States and Mexico, through the import pipeline.

Most of the Canada’s natural resources come from Southern Canada, but the country is gradually expanding its exploration to the North into Canada’s Arctic region. Some of the discovered natural resources in Northern Canada are metallic ores and oil and gas resources.

Canada’s natural wealth has also benefitted its booming tourist industry as people flock from all over the world to see elk, polar bears and whales and perhaps even catch a glimpse of the Northern Lights.