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A table listing total GDP (expenditure-based), share of Canadian GDP, population, and per capita GDP in 2023. For illustrative purposes, market income (total income less government transfers) [1] per capita from tax returns is included. (The per capita, rather than per tax filer, measure is chosen for comparability with GDP per capita.)
The economy of Canada is a highly developed mixed economy, [33] [34] [35] with the world's ninth-largest economy as of 2024, and a nominal GDP of approximately US$2.117 trillion. [6] Canada is one of the world's largest trading nations, with a highly globalized economy. [36] In 2021, Canadian trade in goods and services reached $2.016 trillion ...
Canada is divided into 10 provinces and three territories.The majority of Canada's population is concentrated in the areas close to the Canada–US border.Its four largest provinces by area (Ontario, Quebec, British Columbia, and Alberta) are also its most populous; together they account for 86.5 percent of the country's population.
The provinces and territories are sometimes grouped into regions, listed here from west to east by province, followed by the three territories.Seats in the Senate are equally divided among four regions: the West, Ontario, Quebec, and the Maritimes, with special status for Newfoundland and Labrador as well as for the three territories of Northern Canada ('the North').
Ships built in Canada by province or territory (9 C) Shopping malls in Canada (14 C, 12 P) ... Economy of Newfoundland and Labrador (9 C, 17 P)
There are eight economic regions within B.C. [11] This includes: the Cariboo, Kootenay, Lower Mainland/Southwest, Nechako, North Coast, Northeast, Vancouver Island and Coast, and Thompson/Okanagan region. In addition to the many towns and cities in these regions, the province is home to over 200 First Nations. [12]
KPMG calculated the Canadian corporate tax by adding the federal and provincial tax components. The federal component is 15%. Each of the ten provinces and three territories have 2 different tax rates, one which is lower for small businesses which ranges from 0 to 4.5%, and higher for all other corporations, which ranges from 11.5 to 16%. [33]
The Toronto-Dominion Centre in Toronto. The economy of Ontario is diversified.Ontario is the largest economy in Canada, making up around 38% of Canadian GDP. [1] [2] Though manufacturing plays an important role in Ontario's economy responsible for 12.6% of Ontario's GDP, the service sector makes up the bulk, 77.9%, of the economy. [3]