B.C. has one of North America’s most competitive, flexible, and supportive business climates. The Province consistently receives AAA credit ratings. Vast resources, low taxes, a stable and well-regulated financial system, and fiscally responsible government, attract global investment.
B.C. lies at the commercial crossroads of Asia-Pacific and North America – with the shortest sea route from Asia to North America. B.C. is seamlessly connected to all major U.S. economic centres by secure, reliable road and rail networks, and has advanced telecommunications network connectivity. Canada has one of the world’s most open trading economies (international trade agreements).
B.C. has one of the lowest corporate income tax rates among G7 nations, and the lowest provincial personal income taxes in Canada for individuals earning up to $121,000. Tax credits, exemptions, and deductions (http://www.britishcolumbia.ca/invest/why-british-columbia-canada/attractive-business-incentives/tax-incentives.aspx) reduce business tax load. B.C. has streamlined its regulations and reduced paperwork, giving you more time to focus on running your business.
Nearly 2/3 of B.C.’s labour force (2.4 million) is under 45 years of age. Over half of B.C.'s workforce is employed in knowledge-based industries or trade-related occupations.
Up to 18% operating cost savings in labour, electricity and real estate in some industries. One of North America’s most competitive tax climates for businesses, and competitive cost of living supported by the lowest personal income taxes in Canada for people earning up to $121,000 and premiums for comprehensive government-supported healthcare that are up to 86% lower than in some U.S. jurisdictions.
B.C. is a talent magnet for skilled and creative people. A temperate climate, dynamic cities and a clean environment draws people from around the world. Businesses in B.C. say quality of life is a key competitive advantage in recruiting and retaining top talent.
Information repurposed from source: http://www.britishcolumbia.ca/invest/why-british-columbia-canada.aspx