Canada offers a range of tax grants and incentives to foreign companies to encourage investment, innovation, and economic growth, such as the Scientific Research and Experimental Development (SR&ED) Tax Incentive Program, the Strategic Innovation Fund (SIF), and the Accelerated Investment Initiative as well as various provincial and sector-specific incentive programs.
Lithuania offers tax-advantaged zones known as Free Economic Zones (FEZs), designed to attract both foreign and domestic investment by providing significant tax incentives.
Canada is the second largest country in the world (Russia being the largest) but only 0.5% of the world’s population lives here.
Canada is one very big country – 5,500km from East to West and 4,600km from North to South, the country spans more than half the Northern Hemisphere. It stretches across six time zones.
Toronto – Montreal – 550kms – 6 hrs by road
Toronto – Calgary – 3,300kms – 36 hrs by road
Calgary – Vancouver – 1,000kms – 11 hrs by road
In July 2023, Canada’s Diplomatic Office in Vilnius was upgraded to an Embassy, and Canada’s first resident Ambassador to Lithuania was appointed.
Information on importing into Canada:
https://international.canada.ca/en/services/business/trade/import
https://www.cbsa-asfc.gc.ca/import/guide-eng.html
The Canada-European Union Comprehensive Economic and Trade Agreement (CETA):
Lithuania is the largest country in the Baltics with a population of 2.885 million in 2024.
The geographic land mass of Lithuania is approximately 65,300 square kilometers (or 25,200 square miles).
Vilnius – Kaunas– 100kms – 1 hr by road
Vilnius – Klaipėda – 289kms – 3 hrs by road
Klaipėda – Šiauliai – 175kms – 2 hrs by road