Toronto Pearson handles more international passengers than all airports in North America other than John F. Kennedy International Airport. These two airports being the only two with scheduled direct flights to all six of the world's inhabited continents.
Named after the 14th Prime Minister of Canada, Lester B. Pearson International Airport (IATA: YYZ, ICAO: CYYZ) is an international airport serving Toronto, Ontario, Canada, its metropolitan area, and the Golden Horseshoe, an urban agglomeration that is home to almost 9 million people. The airport is located 22.5 kilometres (14.0 miles) northwest of downtown Toronto, in the adjacent city of Mississauga.
Pearson is the largest and busiest airport in Canada. In 2013, it handled 36,109,469 passengers and 435,592 aircraft movements. It is currently the world's 35th-busiest airport by total passenger traffic, 23rd-busiest airport by international passenger traffic, and 18th-busiest airport by flights.
The largest hub for Canada's two largest airlines, Air Canada and WestJet, Pearson Airport has an extensive network of non-stop domestic flights is operated from Toronto Pearson by several airlines to all major and many secondary cities across all provinces of Canada; is one of eight Canadian airports with facilities for United States border preclearance and direct flights to all major US cities. There are over 75 airlines that operate at Toronto Pearson to connect the airport to over 155 international destinations worldwide.
Toronto is the third most populous city in North America, and the largest in Canada. It is Ontario's provincial capital and the financial capital of Canada. The Toronto Region has 6 million people speaking over 180 languages. The diverse work force is highly educated with 1 in 3 members of the labour force holding a bachelors degree or higher. The city of Toronto is uniquely suited to the global nature of business today.
The top 8 reasons to enter North American markets through Canada are:
1) YOUR HUB TO ACCESS NORTH AMERICAN MARKETS - With Easy access to major markets, Toronto is a hub with access to all U.S. cities within 1 day using ground or air transport. In fact, seventeen of Canada's twenty cities are within 90 minutes drive of the US border and within a 2 hour flight from major U.S. cities. The three-way North American Free Trade Agreement (NAFTA), covers the largest free trade area in the world with access to 452 million people and $17 trillion in combined GDP.
2) START YOUR BUSINESS AND BE UP AND RUNNING QUICKLY - World Bank ranks Canada second worldwide for ease of starting a new business, measured on basis of procedures, time, cost and "pain-in" minimum capital to open a new business.
3) START YOUR BUSINESS IN A GROWING ECONOMY - The Canadian economy is outperforming the G7 with the highest average GDP growth rate over the past decade.
4) YOUR INVESTMENT AND RETURNS ARE SAFE - Leads G7 in low business costs, especially taxes. KPMG survey ranked Canada with the lowest effective corporate income tax rate amongst the G7 based on a ten-year average of combined federal and provincial effective corporate tax rates. • Ranked by International Monetary Fund (I.M.F.) in the top ten globally for track record and sound macroeconomic policies and financial stability in a crisis. • Enabling legal and corporate environment and culture encourages the creation of new enterprises through regulatory predictability, stable laws, sophisticated reporting standards (implementation of I.F.R.S.), sophisticated financial markets, good governance, and accountability and transparency.
5) GLOBAL CORPORATIONS HAVE IDENTIFIED CANADA AS A TOP PLACE TO INVEST - Canadian foreign direct investment has grown 42 percent over the past five years. Ranked as best place in G7 to do business for the next five years by Economist Intelligence Unit.
6) CONDUCT RESEARCH AND DEVELOPMENT IN CANADA – Canada is ranked second in the G7 for generosity of total tax incentives: • OECD ranks Canada above the USA, United Kingdom, and Japan for total federal and provincial government support to business R&D. • Scientific Research and Development (SR&D) tax incentives provides income tax deductions as well as investment tax credits at 20% average. • Small firms qualify for tax credit up to 35%, partially or fully refundable. • OECD ranks Canada among the best for university based research activity. Canadian University expenditure on R&D as a percentage of GDP ranked second in the OECD. • Federal Government pledged to spend $5.1 billion in science and technology as part of its Economic Action Plan, targeted towards environmental science and technologies, information and communication technologies, health and related life sciences, natural resources and energy.
7) GROW QUIETLY AND ENTER U.S. MARKETS WHEN YOU’RE READY -Canadian companies are able to remain under the radar screens until they are strong enough to enter the US market.
8) HIRE THE BEST PEOPLE AS YOU GROW - Educated work force ranked first in the OECD for college completion rates and third for quality of management schools.