In the last decade, the growth of the
global fund administration industry
in Canada has continued, driven by
a variety of factors including a clear
and distinct advantage over hurricaneprone
offshore centres, the impact
of increasing competition in the
administration industry that has led
organizations to set up key centres
of excellence, focused tax incentives
by certain levels of government in
different parts of the country, and
the positive afterglow that Canada has
experienced in managing its financial
system through the global economic
crisis. As a result, while the most
significant concentration of operations
remains in Toronto, there are centres
across the country in Halifax, Montréal
and Vancouver, and the number of
global administrators operating in the
country has grown significantly.