After going back and forth about international expansion for years, Lyft has decided to open its first operation abroad, in Toronto. Here’s a look at some of the challenges Lyft may face in Canada, as well as some regulatory and tax implications.
Canada's vibrant and growing economy, highly educated workforce, infrastructure and proximity and cultural connections to the US, Asia and Europe make Canada a highly desirable location for expanding your operations abroad. The Canadian government has several free trade agreements and favorable domestic immigration laws designed to facilitate foreign trade and investment, as well as R&D tax credits and innovation funding incentives.
Our advisors' expertise and experience helping clients overcome compliance challenges of the moment put them in a great position to predict the global trends multinationals need to be aware of in 2016. Here are three of our top advisors for their informal takes on what to watch for in 2016.