A $5.3 billion industry.
Ontario is a leading high-quality, auto-producing jurisdiction.
350,000 people, 12,000 financial services firms.
52,000 Ontario farms, more than 200 agricultural commodities.
The 2nd largest IT cluster in North America.
Canada's largest centre of life sciences activity.
Ontario's mineral production for 2014 was valued at $11.0 billion.
Canada’s top tourism market: 55% of all international visitors.
Ontario is a global R&D leader in water technologies.
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Highest educational attainment in the OECD.
Among the lowest costs in the G7.
Generous incentives for R&D.
Part of the $19-trillion NAFTA market.
The best environment for your company’s growth.
Top ranked on global indices.
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One of the most highly educated in the world.
The world's soundest banking system.
Connected to U.S. and global markets.
Streamlined and convenient.
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Use these resources to help you explore Ontario's investment opportunities.
Millions of tourists spend billions of dollars each year in Ontario. With the largest, most accessible market in North America, a skilled, multicultural workforce and an established domestic market, the tourism industry has discovered that Ontario is a premier four-season travel destination.
With a population of 13.5 million and a border that stretches nearly halfway across the U.S., Ontario offers you unparalleled access to a large domestic market, along with an additional 142 million people living within a day's drive.
By investing in Ontario, your next big idea is guaranteed to reach a vast audience. With a population of 13.5 million and a border that stretches nearly halfway across the U.S., Ontario offers you unparalleled access to a large domestic market, along with an additional 142 million people living within a day's drive.
Welcoming 142 million tourists a year, Ontario remains the single largest travel destination in Canada, capturing 55% of the country’s tourism spending by overseas visitors and generating nearly $28 billion in tourism revenue annually.
(Note: 2012 figures are the most recent data available)
Four distinct seasons offer year-round tourism opportunities and an impressive array of possibilities for investors in Ontario.
Canada is consistently ranked as one of the top country brands in the world and at its heart you'll find the picturesque province of Ontario. Internationally recognized tourist attractions such as Niagara Falls, Algonquin Provincial Park, Bruce Peninsula National Park, the Niagara Escarpment UNESCO World Biosphere Reserve, Blue Mountains, Manitoulin Island and the Rideau Canal bring people here in vast numbers. And for an investor, there are many diverse business opportunities with plenty of room to grow.
Home to more than 250,000 lakes, including the Great Lakes which hold one-fifth of the world’s fresh water, Ontario has 100,000 kilometres of canals, rivers and streams. Development opportunities abound for cruise operators, recreational outfitters and accommodation providers.
A strong in-country market accounts for 86% of overnight stays across Canada, and 76% of overnight stays are Ontario residents traveling within their home province.
Canadian residents love to "staycation", taking overnight trips to explore their country. This strong in-country market accounts for 86% of overnight stays across Canada and 76% of overnight stays are Ontario residents traveling within their home province. In fact, 36% of all Canadian tourism spending happens here, in Ontario, where tourism receipts top $28 billion.
Ontario's 151,000 tourism businesses are capitalizing on a strong, stable domestic market. As such, domestic tourists travelling throughout Ontario outnumber their U.S. counterparts by 990% and outspend the U.S. market by 380%.
In Ontario, your market is already here.
Business expenses in Canada are also the lowest in the G7, with business costs 7.2 percent lower than in the U.S.
Canada offers the second-lowest labour costs among G7 countries, including wages and salaries, employer-paid statutory plans, payroll taxes and employment benefits.
Getting your business set up in Ontario is fast and convenient; it takes just five days to set up business here, compared to 12 in the U.K, 15 in Germany and 22 in Japan.
New Ontario tourism business investors also benefit from a marginal tax rate that has been cut in half since 2009, making it just 16.6% in 2014. Most of Ontario's tourism businesses are small to medium-sized enterprises and enjoy a reduced corporate income tax rate of 4.5%, while the streamlining of the corporate income tax and sales tax administration saves Ontario businesses $635 million in reduced compliance costs each year. It's no wonder that Ontario is among the top three destinations in North America for foreign direct investment.
Ontario is naturally diverse and multicultural, home to residents from over 200 ethnic backgrounds who speak more than 150 different languages.
Ontario is naturally diverse and multicultural, home to residents from over 200 ethnic backgrounds who speak more than 150 different languages. Strict enforcement of equal opportunity laws, government mandated health and retirement benefits, and industry regulations have helped make Ontario a destination of choice for tourism professionals.
As Ontario's 14th largest employer, the tourism industry employed 334,069 in 2011, while tourism-related industries employed an additional 211,277 people. Tourism here is a year-round industry, with more than 63% of tourism workers in full-time positions.
Tourism businesses in Ontario enjoy access to a highly skilled and educated population. In Ontario, 65% of adults have completed post-secondary education - a rate higher than any OECD country, and 20 percentage points higher than the U.S. With more than 20 post-secondary hospitality programs, Ontario's tourism workers have the specialized knowledge you need to make your next big idea a success. You’ll have access to an available supply of highly skilled, industry-ready graduates eager to deliver a great brand experience in a variety of languages.
You'll also find it easier to retain talent here. Our friendly cities, stable economy, robust public services - including comprehensive healthcare - and affordable cost of living make Ontario the ideal place to live and work.
Ontario offers a modern and efficient transportation infrastructure that includes five international airports, 14 land border crossings and 16,500km of highways.
Ontario offers a modern and efficient transportation infrastructure that includes five international airports, 14 land border crossings and 16,500km of highways, making getting in and around Ontario convenient for domestic and international tourists.
Pearson International Airport in Toronto is the fourth largest entry point into North America, with direct flights to 54 U.S. and 99 other international cities. It serves 36 million passengers with over 500,000 flights annually.
Toronto's Union Station is Canada's busiest multi-modal passenger transportation hub, a designated National Historic Site, and a significant part of Toronto's identity. Each day, more than a quarter-million people travel through Union Station.
This means visitors to our province can arrive at your site smoothly and quickly from multiple destinations.
Thirteen regional tourism organizations work alongside tourism businesses to maximize and market Ontario investments.
Promoting Ontario as a premier tourism destination and an unparalleled investment opportunity is a top priority for the provincial government. You can expect personalized service and access to an array of incentive programs - Ontario is an enthusiastic partner in your business success.
Ontario supports the sector through a number of initiatives offered by the provincial government and public agencies. Thirteen regional tourism organizations work alongside tourism businesses to maximize and market Ontario investments.
The Ontario Tourism Marketing Partnership Corporation (OTMPC) acts as the province's central marketer and is mandated to help grow the province's tourism industry. OTMPC collaborates with tourism partners to develop and deliver integrated, research-driven marketing programs that reinforce Ontario as a strong economy and a premier, four-season travel destination.
The Province of Ontario wants to see your tourism investment succeed. It has developed support programs designed to reinforce your decision to invest, plan and grow.
Because of Ontario's immense size, many municipalities have identified lands that are "market-ready" for new tourism investment.
Bloomberg lists Canada as the second most attractive country for business in the world in its annual "Best Countries for Business" 2014 rankings.
Because of Ontario's immense size – an area almost as large as France, Germany and Italy combined - many municipalities have identified lands that are "market-ready" for new tourism investment. From wilderness to farmlands, forests to canyons, sand dunes to vineyards, cities to beaches; our investment opportunities range from accommodations to attractions, culinary, entertainment and retail. To help find your new tourism investment a home in Ontario, please contact us.
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Assistant Deputy Minister,
Investment and Industry Division
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