Canada Culture and History

Canada is the second largest nation in the world, by land mass, and also one of the most sparsely populated. It has a multicultural society that is accommodating to immigrants and exports a great wealth of natural and intellectual resources. As a result of its colonial history, Canada has two official languages, English and French. It is also a Commonwealth state that obtained self-governance in 1931 and full legislative power in 1982. Canada has the longest shoreline in the world and only borders one country, the United States of America.

Canadian culture is different from that of the United States in that Canadians are known more for their community-oriented and peacemaking preferences in governance and society. They also show little regard for social classes while continuing to strive for personal and familial success, ideally without extracting social cost. They are also known for exhibiting optimism and a tendency to tolerate ambiguity. The country is divided into French-speaking and English-speaking sections, portraying cultures that resemble those of France and Britain respectively. First Nation cultures of native Indians, Inuit of the Eskimo, Southeast Asian and Latin American cultures are also represented in the country’s multicultural spectrum as well as those from other European countries.

2021
April 2Good Friday
April 5Easter Monday
May 24Victoria Day
July 1Canada Day
September 6Labour Day
October 11Thanksgiving Day
November 11Remembrance Day
December 25Christmas Day
December 26Boxing Day
  • SP (Sole Proprietorship)
  • GP (General Partnership)
  • LP (Limited Partnership)
  • Corporation
  • Joint Venture
  • Corporate Tax: 9-13% (lower rate), 26.5-31% (higher rate)
  • Income Tax (Lowest Marginal Rate): 19% (15% federal + 4% in Nunavut) to 27.53% (12.53% federal + 15% in Quebec)
  • Income Tax (Highest Marginal Rate): 44.5% (33% federal + 11.5% in Nunavut) to 54% (33% federal + 21% in Nova Scotia)
  • VAT/GST/Sales Tax: 15% in New Brunswick (5% federal tax + 10% provincial tax)
  • Banca Commerciale Italiana – BCI Bank (Commercial Bank)
  • Banque Nationale du Canada (Commercial Bank)
  • Bank of Nova Scotia (Commercial Bank)
  • Bank of Montreal (Commercial Bank)
  • Canada Trust (Commercial Bank)
  • Business Development Bank of Canada – Banque de Développement du Canada (Commercial Bank)
  • Canadian Imperial Bank of Commerce – CIBC (Commercial Bank)
  • Citizens Bank of Canada (Commercial Bank)
  • Canadian Western Bank (Commercial Bank)
  • Citizens Trust (Commercial Bank)
  • Hong Kong Bank of Canada – HSBC (Commercial Bank)
  • First Calgary Savings (Commercial Bank)
  • ING Direct (Commercial Bank)
  • Mouvement Desjardins (Commercial Bank)
  • Laurentian Bank of Canada (Commercial Bank)
  • Mbanx – Canada’s first virtual bank (Commercial Bank)
  • Mellon Bank Canada (Commercial Bank)
  • Montreal Trust (Commercial Bank)
  • National Bank of Canada (Commercial Bank)
  • Pacific Coast Savings (Commercial Bank)
  • President’s Choice Financial (Commercial Bank)
  • Royal Bank of Canada (Commercial Bank)
  • Scotiabank (Commercial Bank)
  • TD Bank (Commercial Bank)
  • Toronto Dominion Bank (Commercial Bank)
  • Trimark Investments (Commercial Bank)
  • Bank of America N.A (Foreign Bank)
  • Bank of China Limited (Foreign Bank)
  • Bank of New York Mellon (Foreign Bank)
  • Bank of Tokyo-Mitsubishi UFG (Foreign Bank)
  • Barclays Bank PLC (Foreign Bank)
  • BNP Paribas (Foreign Bank)
  • Capital One Bank (USA), N.A (Foreign Bank)
  • China Constructions Bank (Foreign Bank)
  • Citibank (Foreign Bank)
  • Comerica Bank (Foreign Bank)
  • Coöperatieve Rabobank UA. (Foreign Bank)
  • Deutsche Bank AG, Canada (Foreign Bank)
  • Fifth Third Bank (Foreign Bank)
  • First Commercial Bank (Foreign Bank)
  • JP Morgan Chase Bank (Foreign Bank)
  • M&T Bank (Foreign Bank)
  • Maple Bank GmBH (Foreign Bank)
  • Mega International Commercial Bank Co., Ltd (Foreign Bank)
  • Mizuho Bank, Ltd (Foreign Bank)
  • PNC Bank, National Association (Foreign Bank)
  • Societe Generale (Foreign Bank)
  • State Street Bank (Foreign Bank)
  • Sumitomo Mitsui Banking Corporation (Foreign Bank)
  • U.S. Bank National Association (Foreign Bank)
  • United Overseas Bank Limited (Foreign Bank)
  • Wells Fargo Bank (Foreign Bank)
  • Pictet (Private Bank)
  • J.P. Morgan (Private Bank)
  • HSBC (Private Bank)
  • Deutsche Bank (Private Bank)
  • BNP Paribas Fortis  (Private Bank)
  • Royal Bank of Canada (RBC)  (Private Bank)
  • Credit Suisse (Private Bank)
  • Morgan Stanley (Private Bank)
  • Merrill Lynch (Bank of America Corporation) (Private Bank)
  • UBS (Private Bank)

Aadmi can support you with your expansion to Canada. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns.  Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.

Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.

June 23, 2021
Due to Qatar’s strong infrastructure and expanding economy, hundreds and thousands of expatriates have been looking to move there and restart their lives and careers with t...
June 22, 2021
A few things for you to consider before expanding a business internationally to ensure smooth transition! Once your business is booming in your home country and you want it...
June 18, 2021
Following the guidelines of GDPR in the EU, China has made new updates to the draft of the Personal Information Protection Law (PIPL) for processing and transferring person...
June 17, 2021
The Asia-Pacific region consists of countries located along the Western Pacific Ocean. It is an umbrella term that includes East Asia, Southeast Asia, South Asia, and Ocean...