Ontario: An Engine in the North American Market

Ontario boasts a strong and stable economy, with reliable and non-emitting energy sources and a strong history in automotive manufacturing, life sciences discovery and technological innovation.

With access to the full North American market, German companies based in Ontario benefit from a cost competitiveness and a seamless integration with business culture.

A Measurable Difference

74%

of working age adults possess a post-secondary education

~ 90%

of Ontario’s electricity sourced from clean sources

25%

corporate tax rates. One of the lowest for manufacturers amongst the Great Lake States

51%

savings on health care costs compared to peers in the US

top 10

Toronto ranked top 10 in the Economist Intelligence Unit’s Global Livability Index in 2023

#2

auto producer in North America after Michigan in 2022

2nd

North America’s 2nd most concentrated technology cluster next to Silicon Valley

1st

Canada ranked 1st in active clinical trials per capita among G7 nations

Ontario strengths in

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Advanced Manufacturing

Take advantage of Ontario’s advanced manufacturing expertise and join other leading manufacturers expanding their operations in a dynamic and reliable jurisdiction. An environment where German manufacturers continue to grow, Ontario excels as a global powerhouse in the industry, boasting more than a century in automotive excellence.

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Life Sciences

Explore the boundless opportunities available to German investors in Ontario’s life sciences sector. Collaborate top-ranked academic institutions and leading manufacturers in the industry to drive impactful change and maximize growth potential. Tap into Ontario’s dynamic ecosystem for transformative advancements, promising to revolutionize healthcare with top-tier talent and cutting-edge research.

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Technology

Dive into Ontario’s dynamic technology sector, ideal for German businesses seeking innovation and growth. Explore success stories of technology firms thriving in Ontario, backed by top-tier R&D and talent. With ongoing market growth and government incentives, Ontario offers a compelling landscape for companies to invest in and expand.

Other sectors

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Agri-Processing
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Forestry
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Mining
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Tourism

Access Cost-Effective Healthcare Solutions in Ontario

Discover how Ontario’s healthcare advantages can benefit you, providing substantial savings and streamlined operations for your company. With a well-structured healthcare system offering lower costs compared to many regions, you can leverage Ontario’s infrastructure to optimize your healthcare expenditure and enhance operational efficiency, ultimately boosting your bottom line. Businesses operating in Ontario save an average of 51% on healthcare-related expenses compared to their counterparts in the US, making it a strategic choice for cost-conscious companies looking to maximize their resources.

Unleash your Business Potential in Ontario

Experience a tailored environment for German companies in Ontario, where regulatory ease, tax advantages, and abundant talent converge to drive your business success. Benefit from competitive corporate tax rates, reduced CO2 emissions, and lower electricity costs with Ontario’s Comprehensive Electricity Plan, ensuring a client-centric approach that prioritizes your company’s growth.

Competitive electricity rates
(for medium and large consumers)
State/Province Canadian $/MWh
Ontario – North 6.4
Ontario – South 8.4
New York 9.5
Ohio 9.9
Pennsylvania 10.6
Michigan 11.2
Indiana 11.4
Illinois 11.6
Wisconsin 11.9
All-in rates (C$/MWh), 2023
Source: U.S. Energy Information Administration (EIA), IESO, Bank of Canada

A North American leader in automotive manufacturing

Ontario is leading the way in the EV transition, leveraging its leadership in technology development and AI.

With a robust supply chain, a wealth of critical minerals and a talent pool of experts, Ontario’s automotive manufacturing legacy spans over 100 years.

GERMAN BUSINESSES THRIVING IN ONTARIO, CANADA