Page 12 - Portage la Prairie Region Investment Profile - 2023

INVESTMENT PROFILE

MANITOBA

ADVANTAGE

Manitoba offers exciting opportunities and clear advantages
in the agriculture sector:

• The Manitoba Agri-Health Research Network • The Richardson Centre for Functional
supports innovative global research, Foods and Nutraceuticals studies
development and commercialization bio-active compounds in prairie crops
of agriculture products for health. and how they affect human health.

• The Food Development Centre is a world • The Composites Innovation Centre helps
class, federally licensed, research and companies commercialize natural fibre
development centre. It provides state-of-the- composite products.
art resources and expertise to clients who • The Canadian International Grains
are developing and producing innovative Institute offers clients technical expertise
food products for local and global markets. in milling, baking and processing grains,

• The Canadian Centre for Agri-Food Research oilseeds, pulses and special crops.
in Health and Medicine studies the health
benefits of nutraceuticals, natural health
products and functional foods.

HEALTHCARE
Canada vs. U.S. Provincial Health Premiums

Canada’s labour costs are the lowest among the
ALBERTA
PORTAGE L A PR AIRIE, MANITOBA , CANADA Canada benefit from total labour costs that are BRITISH COLUMBIA
$528 – $1,056 / year
G7 countries. With competitive salary levels and
lower health care costs, companies based in
$684 – $1,368 / year
31.2% lower than equivalent costs in the U.S.
ONTARIO
Progressive reductions in both federal and
$300 – $900 / year
provincial taxes creates a significant advantage
MANITOBA
for companies operating in Canada. According to
$0 / year
KPMG, the effective income tax rate in Canada is
17.9%, or 11.9 percentage points below that of the U.S.

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