Toronto Startup Expert: What Toronto's got that the Valley Can't Provide

Re:Toronto Startup Expert: What Toronto's got that the Valle... by cfinke on Monday January 31, 2011 @05:00PM (#2163378)

Also, developers in Toronto (and all of Canada) don't have to worry about affording health insurance if they join a startup instead of some BigCorp, leaving talented engineers free to pursue the companies and causes that interest them rather than just the ones big enough to get insurance at a discount.

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Re:Toronto Startup Expert: What Toronto's got that the Valle... by pmchiu on Monday January 31, 2011 @07:05PM (#2163774)

True - but then the developers have to deal with higher taxes as a result of free health care.

I also think the effective corporate tax rate is higher too so that can causes issues.

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Re:Toronto Startup Expert: What Toronto's got that the Valle... by matdwyer on Monday January 31, 2011 @08:48PM (#2164075)

Well, hard to compare as it isn't really an easy process for a Canadian to just decide to go work in the USA instead of Canada to avoid the tax.

If you're a founder you're likely minimizing your "income" to almost zero to avoid as much tax as you can anyway.

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