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Canada

Canada. 1. Reasonable Cost of Living. Canada has the lowest cost of living among the G-7. In particular, the cost of living in most large Canadian cities is better than or comparable to that in similar U.S. cities.

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Canada

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  1. Canada 1 Reasonable Cost of Living ... • Canada has the lowest cost of living among the G-7. • In particular, the cost of living in most large Canadian cities is better than or comparable to that in similar U.S. cities. • And, Canadian cities rank better than U.S. cities in terms of the level of crime, pollution, environment and leisure facilities. * Rank among 49 countries considered in the World Competitiveness Yearbook 2001 Source: IMD

  2. 0.6 Hospital, surgical, medical and major medical insurance 8.0 premiums* Short term disability, sickness 0.7 or accident insurance and long 0.7 term disability or wage continuation 0.7 Dental insurance premiums 0.5 0.1 Other (vision care, physical and mental fitness, etc.) 0.4 Canada 2 Quality Health Care at Low Cost Employer-Sponsored Health Benefits Canada and the U.S. • Canada's health care system is among the best and the cheapest in the industrialized countries: • Employer-paid health benefits as a percentage of workers' gross pay in Canada are about 22 percent of that in the U.S. • (2.1% compared with 9.6%). 2.1 Total 9.6 % of Gross Annual Payroll “The federal government’s medium-term budget position remains sound, even with full implementation of the major reforms to income taxation and new spending initiatives in priority areas such as health care and education that have been enacted or announced over the past year.” * U.S. value includes payments for retired employees Source: Employee Benefits, 1995, prepared by the Research Centre, Economic Policy Division , The U.S. Chamber of Commerce and KMPG, Employee Benefits Cost Survey, 1996. Adapted from KPMG report on Corporate Taxation and Employee Benefit Cost Guide for Large Service Firms, prepared for the ICT Branch, Industry Canada, March 2000 Statement of the IMF Mission on Canada, January 31, 2001

  3. Canada 3 …and a Safe and Just Society • Canada tops the G-7 as a safe place to live and conduct business. • Canada also ranks well in providing equal opportunities for individuals. * Confidence that person and property is protected. Rank among 49 countries considered in the 2001 World Competitiveness Yearbook. Source: IMD * Race, gender, family background does not pose a handicap for competitiveness. Rank among 49 countries considered in the 2001 World Competitiveness Yearbook Source: IMD

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