 Advanced Manufacturing
Over 30% of Brampton’s economic output is generated by this sector. With a highly diversified economy, a steady flow of well-educated, skilled labour and a strategic position in the country, Brampton’s advanced manufacturing sector is a world class powerhouse of production.
Labour Force
Manufacturing companies benefit from Brampton’s skilled and educated workforce. You can recruit for new employees or offer skills upgrading to current employees at any of these specialized institutions:
· Sheridan College Institute – Davis Campus
· The Centre for Advanced Manufacturing and Design Technologies
· Magna Training Centre
Cost Advantage
In addition to our highly skilled workforce and our ideal location amongst some of the busiest highways in the country, Advanced Manufacturing businesses in Brampton benefit from significant cost advantages:
· Corporate Income Tax: 8.6% cost advantage in comparison to the United States
· Statutory Labour Costs: 1.2% cost advantage in comparison to the United States
· Total Effective Tax Rate: 7.3% cost advantage in comparison to the United States
· Today, Canada has the lowest payroll taxes among the G7 countries. By 2012, Canada’s corporate income tax rate will fall from 19% to 15% - less than half that of the U.S. rate.
In Good Company
Some of the more recognizable manufacturers in Canada call Brampton home including:
· Chrysler Canada
· MDA Space Missions
· Atlantis Systems International
· Velcro Canada
· Massive Die-Form
· Transcontinental
· Unilever
Download our Advanced Manufacturing sector profile here!
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