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Canada's Tech Firms Capitalize On Immigration Anxiety

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Re: Canada's Tech Firms Capitalize On Immigration Anxiety

#51
post #35
post #26

Earlier quoted context omitted.

Toronto and Vancouver are Canada's big insane housing markets. There are smaller tech communities in Ottawa, Waterloo, and Montreal, and those cities have normal housing markets.

PyCon Canada is coming to Montreal this year, and Montreal has the second largest Python user group in the world (IIRC). So these communities aren't necessarily short on tech.

[deleted]

Re: Canada's Tech Firms Capitalize On Immigration Anxiety

#52
post #17

I just can't believe tech companies in Canada don't realize/aren't willing to just pay the price for top engineers. Like, how can they be such cheapskates? One day I'll start a company in Waterloo and address this problem.

Which Canadian tech company makes money hand-over-fist like Google, Facebook and Apple? The motivation to pay more for talent is to make more money... but Canadian tech companies 1) Do not make all that much money (with exception of Shopify) and 2) Don't believe that they will eventually make all that much money after hiring more.

I don't think this holds water since Amazon engineers in Vancouver, five hours north of Seattle, experience a 30% pay differential from their U.S. counterparts. The simple fact is that quality Canadian engineers will accept jobs for lower pay. I expect that over time, the software engineering market will demand higher pay.

I hope OP does start that company in Waterloo to kickstart the whole process.

Re: Canada's Tech Firms Capitalize On Immigration Anxiety

#53

While I agree with this sentiment overall, what pay differential can compensate for a more general stability? It would be great if someone could get a high-paying job and not worry about being bankrupted by an unforeseen medical disaster, but that's not the case in the US. And by the same token, almost no amount of pay (within the tech spectrum) could convince me to live in the cities in Texas where right-wing extrem…

> It would be great if someone could get a high-paying job and not worry about being bankrupted by an unforeseen medical disaster, but that's not the case in the US. I agree with this sentiment but if you have a high-paying tech job then you probably get insurance which won't bankrupt you in the case of a medical disaster. It's the ~90% of the rest of the population who has to worry.

> get insurance which won't bankrupt you in the case of a medical disaster

As I understand it (I live in Canada), you can subscribe to an insurance policy and they can refuse to give you the money for one reason or another.

Re: Canada's Tech Firms Capitalize On Immigration Anxiety

#54

Could someone explain how taxation works in Canada (including VAT, compulsory insurances, council tax...). Quick googling says income tax has doubled in 2017. edit: Here is a source for doubled tax, looks like google parser is wrong https://pasteboard.co/hMazP1hHs.png

Income taxes: https://simpletax.ca/calculator

In some provinces like BC you also pay approx. $60/month for health insurance.

Sales tax is from 0% to 13% depending on province and types of goods / services.

Nothing like doubling of income tax happened, not sure why your google says that.

Re: Canada's Tech Firms Capitalize On Immigration Anxiety

#55

"For years, Canada's tech industry has watched in frustration as Microsoft and Google hired the country's top computer science grads for high-paying jobs in Seattle and Silicon Valley. Now Canada believes it has found a new way to lure American and international tech workers." Is it... paying more so people don't have to choose between their country and financial security? Let's see. "Canadian tech companies are eage…

As a Canadian tech worker in SF... Nope. I tripled my salary coming down here even in just nominal terms (ie, before you factor in the exchange rate that eats 25% of your salary.) I hate SF/SiValley. I would love nothing more than to go home, but I'm not about to take a paycut that's measured in multiples of the median Canadian salary.

Yeah who the fuck wants to live in Waterloo Ontario when you can live in California? Lmao. Real Canadian Winter, and crap summer.

Many of the devs worth their dime in Vancouver end up remote working when they get to the Sr. level. Get paid in USD, and for 25-30% more in a stronger currency. Works out to almost 60% more?! also if you aren't a city person you can then move to one of the gulf islands.

Re: Canada's Tech Firms Capitalize On Immigration Anxiety

#56
post #17

I just can't believe tech companies in Canada don't realize/aren't willing to just pay the price for top engineers. Like, how can they be such cheapskates? One day I'll start a company in Waterloo and address this problem.

Which Canadian tech company makes money hand-over-fist like Google, Facebook and Apple? The motivation to pay more for talent is to make more money... but Canadian tech companies 1) Do not make all that much money (with exception of Shopify) and 2) Don't believe that they will eventually make all that much money after hiring more.

I'm not sure if this is a failure to obtain investment or a failure in obtain sources of revenue

Because even European startups seems to work out better

Re: Canada's Tech Firms Capitalize On Immigration Anxiety

#57

"Starting Monday, Canada's government says it will streamline the visa process so that international tech workers can get a work permit in just two weeks — compared to a complicated process in the U.S. that can take months." I'm increasingly troubled by the notion that the only way one can move from one place to another, is by some contrived rule of value-add that person may offer. Aside from this new rule, Canada ot…

[deleted]

Re: Canada's Tech Firms Capitalize On Immigration Anxiety

#58

Earlier quoted context omitted.

> It would be great if someone could get a high-paying job and not worry about being bankrupted by an unforeseen medical disaster, but that's not the case in the US. I agree with this sentiment but if you have a high-paying tech job then you probably get insurance which won't bankrupt you in the case of a medical disaster. It's the ~90% of the rest of the population who has to worry.

I mean...maybe? I know of few American companies that aren't going to find away to get rid of you if you're out of work for an extended period of time because of a serious illness or accident. Labor rights are pretty poorly enforced in the US, and when they are, it's often dependent on you being able to mount and survive a costly legal challenge. People tell themselves they'll be ok, but it seems more like a gamble/s…

True, if you lose your job and can't get on disability you're pretty screwed.

Re: Canada's Tech Firms Capitalize On Immigration Anxiety

#59

"For years, Canada's tech industry has watched in frustration as Microsoft and Google hired the country's top computer science grads for high-paying jobs in Seattle and Silicon Valley. Now Canada believes it has found a new way to lure American and international tech workers." Is it... paying more so people don't have to choose between their country and financial security? Let's see. "Canadian tech companies are eage…

As a Canadian tech worker in SF... Nope. I tripled my salary coming down here even in just nominal terms (ie, before you factor in the exchange rate that eats 25% of your salary.) I hate SF/SiValley. I would love nothing more than to go home, but I'm not about to take a paycut that's measured in multiples of the median Canadian salary.

Unrelated tangent: It always baffle me how people view exchange rate as something that can "eat away your salary" and when you see people making statements like "it's so expensive in the UK, a pound is like 130% of a dollar". Makes me wonder if people who are only used to currencies that are roughly on the same scale view currencies in a different way than people who are used to 10x / 100x differences in currencies.

Don't mean to pick at your comment, but it's something I've seen around lately and makes me wonder.

Re: Canada's Tech Firms Capitalize On Immigration Anxiety

#60
The reason engineer salaries in Canada are low, especially for startups, isn't that companies are cheap. It's that there is no funding or support network for growing companies -- nothing compared to the valley.

In my experience seed funding in Canada doesn't mean "this idea looks like it's on a promising growth trajectory, here's 100K for a bit of equity to see what we can make of it". Instead it means "show us $500K in revenue and we'll consider you for a loan next year".

So what you have left are the smaller companies that happily feed their owner and not much else, or enterprise shops delivering established solutions in an established market for established rates (Canadian ones).

And the companies that do well and grow: they just move to the valley, because they generally can, and they have every reason to.

Source: I've lived both worlds.

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