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Canada's Pitch to Tech Entrepreneur: We'll Pay 80% of Your Salaries

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Re: Canada's Pitch to Tech Entrepreneur: We'll Pay 80% of Your Salaries

#81

I don't understand why all countries require startups to have investment. For one, most tech start ups don't need significant investment and can be boostrap. The average 30 year old has enough saving to get by for a year or two without any investment. I feel require investment is really a cruft of the past and shouldn't be a necessity for visas.

26. $3k in the bank.

Re: Canada's Pitch to Tech Entrepreneur: We'll Pay 80% of Your Salaries

#82

One of the worst things about tech in Canada is that the salaries are ridiculously low compared to the US. I made 2-3x as much by moving to California and then another integer coefficient greater than one when I moved to New York. But really, I want to say this: as a Canadian, I find that image of poutine extremely offensive. What is that yellow stuff on top, Curry? Are those even proper cheese curds? They're not mel…

I made 2-3x as much by moving to California and then another integer coefficient greater than one when I moved to New York.

I don't understand this. If the "average" engineer in SV makes 120Kish, then the same engineer is making 40K in Canada? And they can make 240K in NY (with no additional experience)?

Are those number correct?

If they are: I'd note that salaries in Australia are more closely aligned with SV salaries than Canadian. Just in case anyone is looking to move somewhere...

Re: Canada's Pitch to Tech Entrepreneur: We'll Pay 80% of Your Salaries

#83

A lot of the talk is on SRED credits. SRED is a large part of the credit program for startups in Canada. Though it's not as simple as "Canada pays 80% of your salaries" You can get up to (off the top of my head) 75% of salaries paid back on hours worked "advancing technology". That means it's only for true R&D. That means UI, business logic, API, App anything, expenses, costs, etc... don't count. It's only for when y…

Plug: the UK govt also has R&D tax credits, and it's what my company, GrantTree, specialises in.

They're similar to Canadian tax credits, but can give you up to 25-32% cash back, and are a fair bit more lenient on what passes audits (at least compared to the horror stories I've heard from Canada).

Feel free to get in touch with me to find out if/how you can get some of that in the UK.

Re: Canada's Pitch to Tech Entrepreneur: We'll Pay 80% of Your Salaries

#84

One of the worst things about tech in Canada is that the salaries are ridiculously low compared to the US. I made 2-3x as much by moving to California and then another integer coefficient greater than one when I moved to New York. But really, I want to say this: as a Canadian, I find that image of poutine extremely offensive. What is that yellow stuff on top, Curry? Are those even proper cheese curds? They're not mel…

> I made 2-3x as much by moving to California and then another integer coefficient greater than one when I moved to New York.

I don't think this is much of a valid criticism, since most people in the States can also move to SV/NYC and make 2x or 3x their current salaries as well. Hell, those cities probably have the highest numbers (so ignoring CoL) than most places in the world.

Re: Canada's Pitch to Tech Entrepreneur: We'll Pay 80% of Your Salaries

#85
post #68

Earlier quoted context omitted.

Is cost of living comparable?

Vancouver is more expensive than Seattle.

.... maybe the ACA is changing that, but it used to be true only as long as you did not need non-trivial healthcare services.

Re: Canada's Pitch to Tech Entrepreneur: We'll Pay 80% of Your Salaries

#86
post #84

One of the worst things about tech in Canada is that the salaries are ridiculously low compared to the US. I made 2-3x as much by moving to California and then another integer coefficient greater than one when I moved to New York. But really, I want to say this: as a Canadian, I find that image of poutine extremely offensive. What is that yellow stuff on top, Curry? Are those even proper cheese curds? They're not mel…

> I made 2-3x as much by moving to California and then another integer coefficient greater than one when I moved to New York. I don't think this is much of a valid criticism, since most people in the States can also move to SV/NYC and make 2x or 3x their current salaries as well . Hell, those cities probably have the highest numbers (so ignoring CoL) than most places in the world.

I think it's a very valid criticism if your best people (not talking about "most" people, who don't start companies and create new stuff) can easily move to another country (or other state inside the US) and earn WAY more for the same job or skill set.

It's not a valid criticism if the gov. footing 80% allows these companies to now offer SV/NY competitive salaries. Which I suspect will happen if they do it right (both the governement and the entrepreneurs).

Re: Canada's Pitch to Tech Entrepreneur: We'll Pay 80% of Your Salaries

#87
post #42

I'm currently a beneficiary of SRED in a startup context in Canada. The first thing to note is that it doesn't solve many major problems. The lack of development talent is the biggest one; trying to get someone to move from California to Canada isn't something that's solved as simply as offering more money. And in my experience (as a recent graduate), the talent that would have studied computer science or has an inte…

> The lack of development talent is the biggest one My opinion is that it's less about lack of talent and more about hiring being hard (in general).

Hiring is really hard, but from anecdotal experience and hearsay, I still think the number of Canadian tech workers leaving for the US is a depressingly major factor. A large number of my ambitious Canadian peers ended up moving to the US, and Canadians are really well-represented among US tech companies. Many end up moving back (or plan on moving back), but it's almost always for personal reasons at significant cost.

Re: Canada's Pitch to Tech Entrepreneur: We'll Pay 80% of Your Salaries

#88

One of the worst things about tech in Canada is that the salaries are ridiculously low compared to the US. I made 2-3x as much by moving to California and then another integer coefficient greater than one when I moved to New York. But really, I want to say this: as a Canadian, I find that image of poutine extremely offensive. What is that yellow stuff on top, Curry? Are those even proper cheese curds? They're not mel…

Tell us where are you looking for job cos all the positions I've checked in Toronto where 80$ - $90k, plus stock options, etc... I'm talking about last week..

Re: Canada's Pitch to Tech Entrepreneur: We'll Pay 80% of Your Salaries

#89
post #70

Earlier quoted context omitted.

interesting site, plugged in Victoria Canada (city my company is in) and numbers seemed a little off for rent currently listed in craigslist. +170% on website more like +300% from quick look in craigslist. also doesn't factor in time commuting, quality of life, avg hrs worked per day, etc... would love to see a pay breakdown $$ / hr worked (at office).

OT, but how is Victoria as a city to run a tech company in? I lived there nearly a decade ago and enjoyed my time - I still think about returning some day.

IBM research and that's about it. Maybe some small start ups but otherwise I recall its website shops.

Re: Canada's Pitch to Tech Entrepreneur: We'll Pay 80% of Your Salaries

#90

I'm currently a beneficiary of SRED in a startup context in Canada. The first thing to note is that it doesn't solve many major problems. The lack of development talent is the biggest one; trying to get someone to move from California to Canada isn't something that's solved as simply as offering more money. And in my experience (as a recent graduate), the talent that would have studied computer science or has an inte…

Speaking as someone nearing the end of their undergrad and looking for internships/full time opportunities, staying in Canada is simply not competitive or attractive enough for the talented students in each class.

Local companies are not "big of a name" enough for career advancement (aka resume padding) and do not pay nearly as well either for entry level positions (50k vs 70/80k - taxes).

Furthermore I have heard of local startups that relocate or migrate down to SV for some period of time to fund raise or experiment before pivoting/failing/moving permanently to the US or their talent leaves during their time there.

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