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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

#111
post #65

Earlier quoted context omitted.

60k/yr to 180k/yr are not unbelievable salaries for a junior Canadian moving to a now more senior position at a big silicon valley tech company.

I got a 1.7 times increase (+ better tax situation) by moving from BC to Seattle. Positions at the same level.

[deleted]

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

#112
post #59
post #49

Earlier quoted context omitted.

Super relaxed here in Canmore :-)

You don't happen to be working at that Sport Fitness Accessory company in Canmore eh?

Nope, I run http://skitrails.info/

What sports fitness accessory company? It's a pretty small town, I probably know them....

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

#113
post #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 salari…

It's a bit higher a than 40K, but not that much. For example, I would have said around 60K and after some research, it seem I'm not wrong : http://www.payscale.com/research/CA/State=Qu%C3%A9bec/Salary

AVG: Software developer : 58K

Also in Quebec, you cannot call yourself an engineer unless you want to an engineer school and are part of their order.

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

#114

Earlier quoted context omitted.

+ 100. I find it revolting and scammy that tech companies have to get outside "consultants" to help fill out the paperwork. I've heard stories where some consultants worked for the program itself in the past. How can Canada piss away so many tax dollars is beyond me.

I think this is an overreaction. Why? Let's be honest. If you're the stereotypical 150-IQ, borderline-Aspie tech co-founder, you're going to have to find a business co-founder with connections. He's going to take a huge cut, and you're going to do more work. That's just how the system's set up. Then you deal with venture capitalists, who can pretty much set terms unilaterally because of their inappropriate and collus…

With all due respect, you should read more about the SR&ED before you call someone's legitimate criticism an overreaction. It is a program designed to pay back a portion of salaries that go into scientific research or development. This isn't new capital, it is a rebate program where you earn back a portion of salaries that you have already paid.

The challenge in SR&ED is convincing the bureaucrats in charge of the program that the salaries you're asking for a rebate on actually went into advancing the state of technology. One problem is that many of the bureaucrats who work in this program come from accounting backgrounds. Hence the statement that you need to make sure your application contains the magic words that will get an application through.

In practice, the odds of an inventor receiving a full shred if she fills out her own application are nearly zero. So, to take part in a program like this, tech companies need to allocate ~7.5% of their annual research salaries to a shred specialist.

I'm Canadian and I pay taxes, so I have a few problems with this program. It is yet another program where you need an expert to sit in between the relevant business and the government. And, it's a perfect example of a Canadian government program where bureaucracy overwhelms the purpose.

But, as someone who works in tech and has gone through a few shred processes, this program seems crazy. Who is better qualified to explain an invention than the inventors themselves? And, if you need a gatekeeper to explain your innovation, are the bureaucrats involved competent enough to administer a program like this?

Those are important questions for Canadian taxpayers and are most certainly not an overreaction. Your feelings about the VC industry are obvious, but in this case, they aren't very relevant.

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

#115

Although I worked for several startups that benefited from SRED credits, I always found the system appalling and prefer the way it works in US with VCs. No government should take hard working folks's money and give them to white middle-upper class, well educated founders that will possibly just get wealthy even more and the class division cycle will continue. I would bet if you pay this money directly to the engineer…

I can agree with you in general but not on the "white middle-upper class", if you've ever been in any startup event in Toronto, about half of the people are not white, see for ex https://www.facebook.com/startupweekendtoronto/photos_albums

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

#116

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…

Lack of talent or lack of US-comparable salaries? A lot of U of Waterloo people get snatched by American companies, I bet if we paid them about the same many would stay here.

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

#117
post #82

Earlier quoted context omitted.

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 salari…

I think they talking about after tax numbers

Taxes in Canada are not particularly higher than in the U.S.

http://www.cra-arc.gc.ca/tx/ndvdls/fq/txrts-eng.html

http://www.investopedia.com/financial-edge/0411/do-canadians...

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

#118
post #57

Earlier quoted context omitted.

Why the downvotes? Seriously that's why the incentive exists. Not enough skilled people wanting to live in Canada.

Many immigrants prefer the US over Canada because (a) there are major benefits to the US passport, and (b) there are unexpected prestige factors. In some parts of Asia, Canada still has the stigma of being "for people who couldn't get in to the US" even though, for the past 20 years or so, it's been as hard to get into Canada as the US (if not harder). If you take away New York and Silicon Valley and the unique oppor…

> there are major benefits to the US passport

can you mention one, esp. over the Canadian one? One particularity of the US passport is that you have to pay US taxes even if you live and work elsewhere

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

#119
I'm moving to Vancouver, BC soon to found a startup, so it's good to hear this. But from comments here, i'm hearing a lot of comments pertaining to Toronto and Waterloo region, but not much about Vancouver or BC in general. Why is that? Is Vancouver/BC not a good place for startups? Am I heading in the wrong direction? I'm still in a position to switch back to Toronto if necessary, so if someone can enlighten me that would be greatly appreciated.

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

#120

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…

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