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Toronto is poised to become a producer of tech startups

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Re: Toronto is poised to become a producer of tech startups

#121
post #110
post #100

Earlier quoted context omitted.

H-1B, O-1, L-1, and perhaps more.

I thought the H-1B was a temporary visa?

It is a NON IMMIGRANT Guest Worker Visa good for 3 years. It can be extended for an additional 6 years. If they apply for a green card, it can be extended indefinitely on a yearly basis.

Virgil Keep America At Work

Re: Toronto is poised to become a producer of tech startups

#122
post #94
post #75

Earlier quoted context omitted.

Taxes? Canadians jump very quickly into the highest tax brackets. Goods and Services are taxed in Ontario at... 14% now?

Perhaps surprisingly, that's mostly a wash. Canadian federal tax is 33% over 200k USA is 33% over 189K Ontario taxes 11.16% up to 500k California 9.3% up to 250k ... Ok so realistically 2% in taxes :). Maybe that's not a total wash. But if we're looking at the break-even point it might hit $3k in California's favor

don't forget social security. Social security is 5.65%, whereas the equivalent in Canada is the Canadian Pension Plan, which is 4.95%. And you have great medical insurance built right in. [0]

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

Re: Toronto is poised to become a producer of tech startups

#123
My money is on Canada!

Look, our culture, the geo-political environment, the general tolerance level of an average Canadian, all of these play a factor and when given a choice, people would easily Canada as their home base.

This is where you want to start a family and grow your kids. The tech scene has always been miniature compared to SF or NYC, but the high caliber of talent and expertise is the same if not greater than those cities.

The more reports like this come out, I believe the more of the current Canadian Diaspora living and working in the US will be swayed to move back here, bringing their talent, their money and their valley connections with them.

This country is already winning with it's social policies and adopting multiculturalism, anything else is really icing on the cake. The tech sector picking up is icing on the cake. Choosing to live here is a no-brainer for anyone given the choice.

Re: Toronto is poised to become a producer of tech startups

#124
post #94

Earlier quoted context omitted.

Perhaps surprisingly, that's mostly a wash. Canadian federal tax is 33% over 200k USA is 33% over 189K Ontario taxes 11.16% up to 500k California 9.3% up to 250k ... Ok so realistically 2% in taxes :). Maybe that's not a total wash. But if we're looking at the break-even point it might hit $3k in California's favor

don't forget social security. Social security is 5.65%, whereas the equivalent in Canada is the Canadian Pension Plan, which is 4.95%. And you have great medical insurance built right in. [0] [0] - http://www.investopedia.com/financial-edge/0411/do-canadians...

And social security is owed up to the first ~$110K of income, whereas CPP is only owed on the first ~$50K of income.

Re: Toronto is poised to become a producer of tech startups

#125
post #80

Not if Toronto keeps hemorrhaging talent. I graduated from the University of Toronto last year and can only name 2 of my classmates who are actually working in Toronto now. The rest are in SF, Seattle, and NYC - including many people who have family in Toronto, like me. All of my friends who were seriously working on a startup have moved it to the Bay Area. Many of us would love to move back to Toronto 'eventually',…

Waterloo grad here. Seeing pretty much the same thing.

Really not difficult to imagine why Canadian tech companies have mostly stopped being competitive on the global stage, considering most of the talent they have access to at these pitiful salaries are essentially left-overs.

Unfortunately, I honestly don't see how the situation can improve. It's a classic tragedy of the commons situation. Companies act in self-interest by paying as low as they possibly can, with no regards for the damage being done to the Canadian talent pool, and have little incentive to do otherwise until most of their peers do the same.

Re: Toronto is poised to become a producer of tech startups

#126

My money is on Canada! Look, our culture, the geo-political environment, the general tolerance level of an average Canadian, all of these play a factor and when given a choice, people would easily Canada as their home base. This is where you want to start a family and grow your kids. The tech scene has always been miniature compared to SF or NYC, but the high caliber of talent and expertise is the same if not greater…

Too bad it's so cold.

Re: Toronto is poised to become a producer of tech startups

#127
Canada has lost engineering talent to the US for 149 years...

In the old days (pre WW2) you just hopped in a car and moved down. Well over a 1 million Canadian born people live in the states including about 70,000 illegals..

That said there are about 200,000 immigrants coming to Canada per year many who have stem backgrounds. Quebec has an open immigration policy for French programmers moving to Quebec. And for all those of you comparing salaries - low salaries are generally good for startups..

WEF ranks canada 4 in the world for human talent http://reports.weforum.org/human-capital-report-2015/report-...

Re: Toronto is poised to become a producer of tech startups

#128

My money is on Canada! Look, our culture, the geo-political environment, the general tolerance level of an average Canadian, all of these play a factor and when given a choice, people would easily Canada as their home base. This is where you want to start a family and grow your kids. The tech scene has always been miniature compared to SF or NYC, but the high caliber of talent and expertise is the same if not greater…

Too bad it's so cold.

No colder than Chicago or New York, and on most days, it's no hotter or colder than the Bay Area. really.
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