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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

#301

Earlier quoted context omitted.

Not really. The highest sales tax is 15% (NB, NL, NS, PEI). I'll grant that's higher than in some US states, but come over to Europe where VAT is usually 19-25%. Although at least in Europe prices are advertised including VAT, so no mental math is required to calculate how much it will end up costing.

That's higher than in all US states. The highest US state sales tax is 7.25%. The highest municipal+state sales tax is 12.8%. That's a huge outlier, though. The average is 5%, and many states exempt huge swaths of goods (such as groceries) and some have no sales tax at all.

> and many states exempt huge swaths of goods (such as groceries) and some have no sales tax at all.

Groceries are exempt from GST/PST or HST in Canada as well.

Re: Canada's Tech Firms Capitalize On Immigration Anxiety

#302

Earlier quoted context omitted.

I don't disagree with your points, but I'd like to point out Shopify as an exception. Started in Ottawa, grew, got VC funding, grew some more, IPO'd on NYSE, and is still headquartered in Ottawa.

There's one or two of them, but they are hen's teeth. My startup has a $10M run rate after three years and the best we can do is get debenture and loan offers, no actual investment. Investors in Canada hate technology.

Get investors from the US then, that's what Shopify did.
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