Jul 12 2016

Better Together: Building On The Strengths Of Canada's Four Global Financial Centres

Canada has four main global financial centres—Montréal, Toronto, Calgary and Vancouver—each with its own unique strengths. A new Conference Board of Canada report suggests that the cities complement each other, allowing Canada’s financial services sector to have a depth and breadth beyond what any one financial centre would be able to provide.

Jun 23 2016

The Case for Extended Payments Settlement Hours in Canada

The primary objective of this report is to foster support for the extension of payment settlement hours in Canada. Extended payment settlement hours will create a more favourable environment for Canadian financial service companies to compete in a changing global marketplace as well as enhance Canada’s position to capture future business opportunities in Asia.

Jun 17 2016

Globe and Mail: To stay competitive, Canada must throw open the banking window

Around the world, we see countries that are introducing more flexibility to the hours during which inter-bank payments can be made. Canada’s reputation as a desirable jurisdiction for international commerce could be compromised if we do not give our financial institutions the tools to match the service that can be found in other countries.

Apr 26 2016

Standard and Poor’s affirms B.C.’s AAA-stable credit rating

Standard and Poor’s has affirmed British Columbia’s AAA credit rating and stable outlook, praising the Province’s strong economy, budgetary and fiscal performance, Finance Minister Michael de Jong announced today.

Apr 19 2016

Video: A discussion on doing business in China

On October 27th a panel of experts made up of Stewart Beck, president and CEO of the Asia Pacific Foundation, Colin Hansen, president and CEO of AdvantageBC, and Ananth Krishnan, national head of business development, global trade and receivables finance for HSBC Bank Canada, joined fellow business leaders and entrepreneurs at the 2015 BCBusiness Doing Business in China Breakfast event, presented in partnership with HSBC.

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Did you know?

  • All five of Canada’s largest banks have significant operations in BC.
  • The IBA Program includes a personal income tax incentive for international employees.
  • British Columbia is one of the top two designated financial centres in Canada.
  • You may be eligible for a refund of BC corporate tax on income from international business activities.
  • BC has some of the lowest corporate taxes in North America.