Doing Business In Canada: British Columbia
Mondaq Business Briefing › Canada Law Articles in English (2008)
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Doing Business In Canada: British Columbia
LEGAL SYSTEM
1. What is the legal system (civil law, common law or a mixture of both)?British Columbia has a common law legal system and is regulated by: Provincial statutes that apply exclusively within the province. Federal statutes that apply across Canada. FOREIGN INVESTMENT2. Are there any restrictions on foreign investment (including authorisations required by central or local government)? British Columbia does not impose any general stand-alone restrictions on foreign investment. General issues of foreign investment are governed by the federal Investment Canada Act 1985.3. Are there any exchange control or currency regulations?There are no exchange control or currency regulations. 4. What grants or incentives are available to investors? Are any of these aimed specifically at foreign investors?British Columbia provides provincial tax credits, exemptions and deductions to encourage business investment and innovation, including tax credits and deductions for research and development, mining exploration, film and television production, and sales and property tax exemptions for the purchase of certain machinery. Federal government incentives are also available.BUSINESS VEHICLES5. What is the most common form of business vehicle used by foreign companies to conduct business in your jurisdiction? In relation to this vehicle, please provide details on: Registration formalities (including timing). Min...See the full content of this document
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