Ontario: Your Next Big Idea

Have you ever wondered where great ideas come from? Ideas that make history and change lives? They're the best kinds of ideas. Ontario is one such idea.

Transcript

Educated workforce: highest educational attainment in the OECD

You'll find the talent you need in Ontario, home to one of the world's most highly educated, skilled and reliable workforces.

  • Educated and talented workforce
  • Top ranked reliability
  • Diverse and multicultural
  • Our colleges and universities
  • Easy to relocate

An educated and talented workforce for your business success

The most important ingredient for success? Talented people. And in Ontario you'll find one of the best educated talent pools in the world, where 65% of adults have completed post-secondary education, more than in any other OECD country.

Post-secondary Educational Attainment (%) Select Markets, 2012 (Age 25-64)
Select markets Post-secondary educational attainment (%)
Ontario 65
Canada 65
Ireland 53
Japan 46
United States 42
United Kingdom 41
Germany 36
France 31
Mexico 18
Note: Not all jurisdictions count apprenticeship as post-secondary education.
Source: Statistics Canada and OECD, 2014

Top ranked for reliability

We have one of the most reliable workforces in the world.

  • Our largest city, Toronto, tops AON Consulting's People Risk Index Ratings, which compares 90 global cities in five risk areas: demographic, government support, education, talent development and employment practices.

 

Overall People-Risk Rankings, 2013
City Rank
New York City 1
Singapore 2
Toronto 3
London 4
Montreal 5
Los Angeles 6
Copenhagen 7
Hong Kong 8
Zurich 9
Vancouver 10
Source: AON Consulting, 2013.

Diverse and multicultural

Our richly multicultural society, comprised of people from all over the world, can help you build and maintain ties to global markets.

  • Whatever your nationality, culture, religion or background, your family, colleagues and employees will feel welcome in Ontario.
  • Nearly half of the 250,000 people who immigrate to Canada each year choose to live in Ontario.
  • Over 150 languages are spoken in Ontario.
  • Still, 93% of persons for whom a foreign language is their mother tongue also speak one of our two national languages, English or French.

Our colleges and universities

Ontario's 44 colleges and universities and over 400 registered, private career colleges ensure that graduates have the skills and knowledge to not only perform, but excel in your business.

  • The result? A 2012 survey found that 93% of employers were satisfied with their college graduate employees.
  • That also means you can enjoy lower training costs here, where the average worker has eight years of on-the-job experience.

We make it easy to relocate

More immigrants relocate to Ontario each year than to any other province in Canada. Whether you're Ontario-based or a multinational corporation looking to call Ontario home to an operations facility, our business immigration consultants can give you guidance and advice on recruiting foreign workers or transferring key personnel to Ontario.

Competitive business costs: the lowest in the G7

You'll save more money here, money you can use for further investments in operations, innovation and growth.

  • 6 Ways to Cut the Cost of Doing Business
  • How Ontario compares
  • Competitive corporate tax rates
  • Save on labour without sacrificing quality
  • Lower health care costs
  • Incentives, programs and credits

How Ontario compares

In Ontario, you'll benefit from highly competitive business costs that can boost your company's growth and profitability. We offer:

  • average health care costs to employers that are approximately half those in the U.S.;
  • the lowest overall business costs in the G7;
  • a streamlined regulatory environment, designed to save businesses millions and reduce barriers to profitability;
  • low risks associated with employment and redeployment.

In Ontario overall business costs, and costs for manufacturing, corporate services, digital media and R&D are lower than in U.S. states like California, New, North Carolina, Texas and Florida.


Ontario business costs compared to select U.S. states
Business cost index relative to the U.S.-baseline average (U.S.=100.0)
  Business cost index
  Overall Manufacturing Corporate services Digital media R&D
Ontario 93.7 97.0 88.2 83.3 85.9
North Carolina 95.4 97.1 88.4 94.4 90.4
Texas 97.4 98.4 92.6 95.8 96.3
Florida 97.9 100.3 89.4 93.7 92.3
U.S. baseline 100.0 100.0 100.0 100.0 100.0
New York 100.3 100.7 100.0 99.9 97.8
California 102.3 101.8 104.0 102.4 104.8
Source: Ministry of Economic Development, Employment and Infrastructure analysis using data from Competitive Alternatives Cost Model, 2014. Accessed March 2014.

Business Cost Advantage Relative to the US Baseline Average
  Business Cost % Advantage
  Overall Manufacturing Corporate services Digital media R&D
Ontario 6.3 3.0 11.8 16.7 14.1
North Carolina 4.6 2.9 11.6 5.6 9.6
Texas 2.6 1.6 7.4 4.2 3.7
Florida 2.1 -0.3 10.6 6.3 7.7
U.S. baseline 0.0 0.0 0.0 0.0 0.0
New York -0.3 -0.7 0.0 0.1 2.2
California -2.3 -1.8 -4.0 -2.4 -4.8
Source: Ministry of Economic Development, Employment and Infrastructure analysis using data from Competitive Alternatives Cost Model, 2014. Accessed March 2014.

Overall business costs here also compare favorably to G7 countries.


Ontario business costs compared to select G7 countries
Business cost index relative to the U.S.-baseline average (U.S.=100.0)
  Business cost index
  Overall Manufacturing Corporate services Digital media R&D
Canada 92.8 96.2 87.5 82.2 84.2
Ontario 93.7 97.0 88.2 83.3 85.9
UK 94.6 97.0 87.3 89.6 88.8
France 97.4 98.8 97.5 95.4 89.2
Italy 98.8 99.6 93.3 99.3 96.7
Japan 99.2 99.5 98.6 98.2 98.9
U.S. baseline 100.0 100.0 100.0 100.0 100.0
Germany 100.9 100.9 100.5 102.0 100.4
Source: Ministry of Economic Development, Employment and Infrastructure analysis using data from Competitive Alternatives Cost Model, 2014. Accessed March 2014.

Overall business costs index (U.S.=100)
Country Costs index
Ontario 93.7
United Kingdom 94.6
France 97.4
Italy 98.8
Japan 99.2
United States 100.0
Germany 100.9
Source: Ministry of Economic Development, Employment and Infrastructure analysis using data from KPMG, Competitive Alternatives, 2014. Accessed March 2014.

Competitive corporate tax rates

With a total combined provincial and federal (15%) corporate income tax rate of 26.5%, Ontario's combined general federal-provincial CIT rate is lower than the average of G20 countries and lower than the average federal-state CIT rate in the United States.

Plus:

  • Ontario's marginal effective tax rate on new business investment is about 16.6% for 2014;
  • small businesses benefit from a low CIT rate of 4.5%; and
  • CIT and sales tax administration are streamlined, saving Ontario businesses $635 million annually in compliance costs.

Combined Federal-Ontario general corporate income tax (CIT) rate
Regions Percent
Ontario 26.5
G20 Avg 28.2
G8 Avg 30.0
U.S. Avg 39.2
Source: Ontario Ministry of Finance, and KPMG International, 2014

Corporate income tax rates compared to select U.S. states, 2014 (%)
Jurisdiction General Manufacturing
Ontario 26.5 25.0
Texas 35.7 32.5
Florida 38.6 35.3
North Carolina 38.9 35.9
New York 39.6 36.3
California 40.7 37.9
Source: Ontario Ministry of Finance, 2014.

Among the lowest labour costs of the G7

Labour costs in Canada, including wages and salaries, employer-paid statutory plans, payroll taxes and other employment benefits are among the lowest of the G7 countries.

In fact, among the G7, total costs per employee in Canada rank the second lowest.

Labour Costs Comparison, Per Employee
Country Average per Employee
United Kingdom 82,930
Canada 89,038
Italy 92,287
France 93,450
Japan 94,067
United States 102,249
Germany 104,440
Source: KPMG Competitive Alternatives, 2014 edition.

Average for 19 business operations, representing 42 different job positions. Total labour costs include salaries & wages, statutory plans, and other employee benefits.

Lower health care costs

All citizens and permanent residents in Ontario can access universal health care services under the Ontario Health Insurance Plan, which covers the full cost of doctor examinations, medical testing, emergency care and hospital care.

On average, Ontario employers enjoy health costs half that of their counterparts in the United States.

Employer health costs for a typical firm
Country Thousands US$
U.S. 939
Ontario 452
Note: Typical firm defined as having approximately 93 employees.
Source: MMK Consulting, 2012

Incentives, programs and credits

In Ontario you'll find a wealth of incentive programs and services including specialized programs and tax credits for a range of industries and business activities, including research, training, apprenticeship, commercialization and more.

  • Our R&D incentive programs, for example, are among the most generous in the world, and can reduce your after-tax cost of every $100 spent in R&D to between $61 and $37.

 

 

Environment of innovation: generous incentives for R&D

Your breakthrough concepts and technologies can come to life in Ontario. We’ve built one of the most supportive environments for R&D and dynamic ecosystems for innovation on the planet.


Ontario's innovation ecosystem

Learn how Ontario’s rich network of universities, private- and public-sector institutions and R&D centres is the perfect environment for innovative companies to develop breakthrough concepts and technologies and bring them to markets in North America and beyond.

Slideshare - Ontario's Innovation Ecosystem

Download the accessible version (PDF - 8.51 MB)

Fast facts

  • Almost half of Canada’s full-time R&D personnel are in Ontario, where more than $14.6 billion is spent annually on R&D.
  • Five of the top ten corporate R&D spenders in Canada have made Ontario their headquarters location.
  • Ontario is an internationally recognized technology hub, with over 1,000 tech companies generating $30 billion revenue in the Waterloo area alone.

The ingredients you need for research and innovation

From game-changing startups you haven't heard of yet to multinational leaders like GlaxoSmithKline, Google, Pfizer, IBM, Siemens and Microsoft, in Ontario, you'll find the ingredients you need to conduct research and develop new products and services.

Here, companies are engaged in manufacturing process improvements, developing state-of-the-art technologies and software, clinical trials and more.

Why are we such a hotspot for innovation? Because Ontario offers:

  • R&D tax credits that are the most generous of the G7 countries;
  • abundant institutional and financial resources, such as the Ontario Network of Entrepreneurs, Investment Accelerator Fund and Ontario Centres of Excellence focused on fostering innovation and creativity;
  • exceptionally skilled and educated employees; and
  • a comprehensive innovation plan consisting of corporate income tax reductions, streamlined tax administration and red-tape reduction.
Canada's R&D cost advantage versus other G7 countries (KPMG, 2014)
Country Cost advantage/disadvantage relative to the US (%)
Canada 15.8
United Kingdom 11.2
France 10.8
Italy 3.3
Japan 1.1
United States Baseline
Germany -0.4
Source: Competitive Alternatives, KPMG LLP (Canada, 2014)

Generous R&D tax incentives

According to the 2014 KPMG Competitive Alternatives Report, Canada offers the greatest cost advantage for research and development in the G7, citing a cost advantage of 15.8% relative to the U.S. average.

Combined with federal R&D programs, Ontario's R&D tax incentive program can reduce your after-tax cost of every $100 in R&D spending to between $37 and $61.

  • Our R&D tax incentive program is available to qualified businesses of any size and applies to a range of eligible costs that is broader than in the U.S. and many other countries.
  • There is no cap on the program and tax credits can be carried back for three years or forward for 20 years.
  • Ontario’s focus on low development costs and simplified tax programs contribute to a combined federal-provincial corporate income tax rate substantially lower than in the United States.

Select the best description of your operation to see possible after-tax savings you could achieve in on your R&D expenditures in Ontario.

Public, private or foreign-owned

  R&D expenditures R&D expenditures at eligible institutitions1
Gross expenditure $100.00 $100.00
Ontario – 20% OBRI2 Tax Credit   -$20.00
Ontario – 4.5% ORDTC3 -$4.50 -$3.60
Federal investment tax credit – 20% -$14.33 -$11.46
Tax deduction4:
(Combined federal of 15% and
provincial of 10% = 25%)
-$20.29 -$16.24
After-tax cost of $100 expenditure $60.88 $48.71

NOTES:
  1. Eligible Ontario research institutes include universities, colleges of applied arts and technology, research hospitals and other entities in Ontario.
  2. The 20% refundable Ontario Business-Research Institute Tax Credit.
  3. The 4.5% Ontario Research and Development Tax Credit.
  4. Tax rates for large manufacturers: Federal 15.0% plus Ontario 10.0% = 25.0%

Public, private or foreign-owned

  R&D expenditures R&D expenditures at eligible institutions2
Gross expenditure $100.00 $100.00
Ontario – 20% OBRI3 Tax Credit   -$20.00
Ontario – 10% OITC4 -$10.00 -$10.00
Ontario – 4.5% ORDTC5 -$4.05 -$3.15
Federal investment tax credit – 15% -$12.89 -$10.03
Tax deduction6:
(Combined federal of 15% and
provincial of 10% = 25%)
-$18.26 -$14.21
After-tax cost of $100 expenditure $54.79 $42.62

NOTES:
  1. Medium-sized companies have taxable income of less than $500,000 and taxable capital of less than $50 million.
  2. Eligible Ontario research institutes include universities, colleges of applied arts and technology, research hospitals and other entities in Ontario.
  3. The 20% refundable Ontario Business-Research Institute Tax Credit.
  4. The 10% refundable Ontario Innovation Tax Credit.
  5. The 4.5% Ontario Research and Development Tax Credit.
  6. Tax rates for manufacturers: Federal 15.0% plus Ontario 10.0% = 25.0%

Public, private or foreign-owned

  R&D expenditures R&D expenditures at eligible institutions1
Gross expenditure $100.00 $100.00
Ontario – 20% OBRI2 Tax Credit   -$20.00
Ontario – 4.5% ORDTC3 -$4.50 -$3.60
Federal investment tax credit – 15% -$14.33 -$11.46
Tax deduction:4
(Combined federal of 15% and
provincial of 11.5% = 26.5%)
-$21.51 -$17.21
After-tax cost of $100 expenditure $59.66 $47.73

NOTES:
  1. Eligible Ontario research institutes include universities, colleges of applied arts and technology, research hospitals and other entities in Ontario.
  2. The 20% refundable Ontario Business-Research Institute Tax Credit.
  3. The 4.5% Ontario Research and Development Tax Credit
  4. Tax rates for large manufacturers: Federal 15.0% plus Ontario 11.5% = Total 26.5%

Public, private or foreign-owned

  R&D expenditures R&D expenditures at eligible institutions2
Gross expenditure $100.00 $100.00
Ontario – 20% OBRI3 Tax Credit   -$20.00
Ontario – 10% OITC4 -$10.00 -$10.00
Ontario – 4.5% ORDTC5 -$4.05 -$3.15
Federal investment tax credit – 15% -$12.89 -$10.03
Tax deduction:6
(Combined federal of 15% and
provincial of 11.5% = 26.5%)
-$19.36 -$15.06
After-tax cost of $100 expenditure $53.70 $41.76

NOTES:
  1. Medium-sized companies have taxable income of less than $500,000 and taxable capital of less than $50 million.
  2. Eligible Ontario research institutes include universities, colleges of applied arts and technology, research hospitals and other entities in Ontario.
  3. The 20% refundable Ontario Business-Research Institute Tax Credit.
  4. The 10% refundable Ontario Innovation Tax Credit.
  5. The 4.5% Ontario Research and Development Tax Credit.
  6. Tax rates for manufacturers: Federal 15.0% plus Ontario 11.5% = Total 26.5%
  R&D expenditures R&D expenditures at eligible institutions2
Gross expenditure $100.00 $100.00
Ontario – 20% OBRI3 Tax Credit   -$10.00
Ontario – 10% OITC4 -$10.00 -$10.00
Ontario – 4.5% ORDTC5 -$4.05 -$3.15
Federal investment tax credit – 35% -$30.08 -$23.40
Tax deduction:6
(Combined federal of 11% and
provincial of 4.5% = 15.5%)
-$8.06 -$6.73
After-tax cost of $100 expenditure $47.21 $36.72

NOTES:
  1. Small CCPCs have taxable income of less than $500,000 and taxable capital of less than $15 million.
  2. Eligible Ontario research institutes include universities, colleges of applied arts and technology, research hospitals and other entities in Ontario.
  3. The 20% refundable Ontario Business-Research Institute Tax Credit.
  4. The 10% refundable Ontario Innovation Tax Credit.
  5. The 4.5% Ontario Research and Development Tax Credit.
  6. Tax rates for small CCPCs on the first $500,000 of taxable income: Federal 11% plus Ontario 4.5% = 15.5%

Table Data Source: Ontario Ministry of Finance, January 2014

* The information provided here presents a potential after-tax cost based on assumptions regarding R&D expenditures, tax incentives and tax rates that may not apply to your business. This information does not constitute tax advice. Please consult your tax advisor to determine the after-tax cost of R&D expenditures for your business.

Download PDF of Ontario's R&D Tax Program (PDF - 1.57 MB) [requires Adobe Acrobat Reader®]


Government-supported R&D centres located throughout Ontario

 

Access to market: part of the $19-trillion NAFTA market

Locating in Ontario makes it easier to reach broader North American and global business networks. Our location and extensive transportation infrastructure translate directly to expanded market access.

  • Expanded commercial and market opportunities
  • Road, rail, air and water transportation
  • Global support for your global business

Disclaimer: Information contained in this video was current at the time of its production. Statistics quoted are subject to change.

Transcript

Expanded commercial and market opportunities

Your business will be located in the North American Free Trade Agreement (NAFTA) region, the largest free trade region in the world.

  • You’ll have expanded access to a thriving combined market of 470 million people, producing over $19 trillion in goods and services annually.
  • NAFTA facilitates two-way goods trade valued at $766 million between Ontario and the United States each day.

Road, rail, air and water transportation

Ontario's transportation system includes highways, internationally connected railways with advanced traffic management systems, worldwide cargo aviation systems and extensive inland and international marine shipping facilities

  • Our extensive road infrastructure can make it easy for you to transport your goods over land. We have over 250,000 kilometres of municipal roads, provincial highways, and resource and recreational roads.
  • Our rail networks help ensure just-in-time deliveries of your goods.
  • Ontario has five international airports, including Canada's largest airport, Toronto's Lester B. Pearson International Airport.
  • Goods flow smoothly in and out of Ontario, thanks to marine lines that offer shipping options to ports throughout the Great Lakes and around the world. Ontario ports are served directly by the Great Lakes/St. Lawrence Seaway System (also known as Hwy H2O) a 3,700-kilometre (2,300-mile) marine highway that runs between Canada and the United States.

Stability, plus the soundest banking system in the world

Stable, robust and proven, Ontario's economy offers the best environment for your company to seize new opportunities for expansion, profit and growth.


A stable environment for growth

The World Economic Forum has ranked Canada's banking system as the soundest in the world for six years in a row. Ontario is the heart of Canada's banking system.

Top ranked for foreign capital investment

In 2013, Ontario attracted US$7.2 billion dollars in foreign direct investment. That's more foreign capital investment than any other province or state in North America.

According to the Financial Times' fDi Intelligence think-tank, Ontario is also one of the top provinces and states in North America for foreign direct investment based on number of projects.

 

Top 10 North American destination states/provinces by capital investment, 2013
Destination state/province Capital investment (US$ million)
Ontario 7,204
Texas 6,410
Quebec 3,928
California 3,462
Louisiana 3,304
Georgia 2,910
New York 2,022
North Carolina 1,875
Indiana 1,596
South Carolina 1,549
Source: fDI Intelligence, 2014.

Trending for growth

Ontario is the largest economy within Canada and we continue to build on a history of solid growth and ongoing investments to create a strong economic future.

Ontario's Real GDP is expected to steadily grow. The Economist Intelligence Unit ranked Canada the best country in the G7 in which to do business from 2014 to 2018.

 

Ontario's economic outlook (%)
  2014p 2015p 2016p 2017p
Real GDP Growth 2.1 2.5 2.5 2.6
Nominal GDP Growth 3.5 4.4 4.4 4.6
Employment Growth 1.1 1.5 1.6 1.4
CPI Inflation 1.5 1.9 2.0 2.0
p = Ontario Ministry of Finance planning projection.
Source: Statistics Canada and Ontario Ministry of Finance.

Diversified and robust

  • Ontario offers a highly diversified economy with strengths in manufacturing, business services, renewable energy, life sciences, natural resources and more.
  • Ontario's robust economy strengthens companies that operate here. Our economy thrives through its unique combination of resources, manufacturing expertise, exports and a drive for innovation.
Structure of the Ontario economy, 2013
Per cent share of nominal GDP
Services Per Cent Share of Nominal GDP
Primary 2.0
Utilities 2.1
Construction 6.1
Manufacturing 12.2
Wholesale and Retail Trade 11.0
Transportation and Warehousing 3.8
Information and Cultural 3.9
Finance and Insurance 9.2
Real Estate and Renting and Leasing* 13.3
Health and Education 13.1
Public Administration 7.7
Other Services** 15.6
Source: Statistics Canada and Ontario Ministry of Finance
* Includes owner occupied dwellings.
** Includes professional, scientific and technical services; management of companies and enterprises; administrative support and waste management; arts, entertainment and recreation; accommodation and food services; and other services.

Quality of life; top ranked on global indices

More than a great place to start and grow a business, Ontario is a wonderful place to live. Here you'll find diverse, safe, affordable and welcoming communities, and a wealth of cultural and recreational activities.

  • Safe and welcoming
  • Diverse and multilingual
  • Our thriving cities
  • Rankings and recognitions
  • Affordable

Safe and welcoming

  • 40% of Canada's population lives here, where newcomers feel an immediate sense of belonging.
  • The Organisation for Economic Co-operation and Development (OECD) ranks Canada third on the Better Life Index, which compares well-being across countries.
  • Ontario is also one of the safest regions in which to live and do business. Violent crime rates in major Ontario cities are far below their counterparts in the United States.
OECD Better Life Index 2013
Rank City
1 Australia
2 Sweden
3 Canada
4 Norway
5 Switzerland
6 United States
7 Denmark
8 Netherlands
9 Iceland
10 Vancouver
Source: OECD Better Life Index 2013

Diverse and multilingual

Because Ontario has long been Canada's top destination for new immigrants, about 50% of Ontarians are foreign-born.

  • Name your language and you'll find it here. Altogether, more than 150 languages are spoken here.
  • The primary language in Ontario is English, which is spoken by about 97% of Ontario's population. Ontario is also home to a significant French-speaking population.

Our thriving cities

Ontario cities are vibrant centres of culture, recreation and commerce.

  • Canada's largest city, Toronto, is home to over 2.7 million residents (5.5 million in the Greater Toronto Area), over half of whom were born outside of Canada.
  • You'll also find thriving communities and vibrant scenes from Canada's capital, Ottawa, to the vibrant tech community of Waterloo, to scenic Thunder Bay, to the revitalized Hamilton area, to Niagara's wineries and tourist attractions. We're sure you'll find an Ontario city to fit your business and lifestyle.
  • Plus, thanks to the close proximity of many Ontario cities, connected by modern roads and highways infrastructure, you'll be able to find new experiences, adventures and discoveries just minutes away from anywhere you choose to be.
  • Visit Ontario Tourism to learn more about the places to go and things to do in Ontario. You can learn more about specific Ontario cities by visiting their websites:
    • Toronto
    • Guelph
    • Ottawa
    • Kingston
    • Sault Ste. Marie
    • Kitchener - Waterloo
    • Thunder Bay
    • London
    • Windsor

Rankings and recognitions


2013 Most Youthful Cities
Rank City
1 Toronto
2 Berlin
3 New York
Source: YouthfulCities

 

Top 7 Intelligent Communities 2014
   
Arlington County, Virginia U.S.
Columbus, Ohio U.S.
Hsinchu City Taiwan
Kingston, Ontario Canada
New Taipei City Taiwan
Toronto, Ontario Canada
Winnipeg, Manitoba Canada
Source: Intelligent Community Forum (ICF)

 

Top 10 Overall North American Cities of the Future 2013/14
Rank City State Country
1 New York New York U.S.
2 Toronto Ontario Canada
3 Montreal Quebec Canada
4 Vancouver British Columbia Canada
5 Houston Texas U.S.
Source: fDi Intelligence
Economist Intelligence Unit's liveability ranking, 2013
The top ten cities(100=ideal; 0=intolerable)
Country City Rank Overall Rating
(100=ideal)
Stability Healthcare Culture and Environment Education Infrastructure
Australia Melbourne 1 97.5 95 100 95.1 100 100
Austria Vienna 2 97.4 95 100 94.4 100 100
Canada Vancouver 3 97.3 95 100 100 100 92.9
Canada Toronto 4 97.2 100 100 97.2 100 89.3
Canada Calgary 5 96.6 100 100 89.1 100 96.4
Australia Adelaide 5 96.6 95 100 94.2 100 96.4
Australia Sydney 7 96.1 90 100 94.4 100 100
Finland Helsinki 8 96.0 100 100 90 91.7 96.4
Australia Perth 9 95.9 95 100 88.7 100 100
New Zealand Auckland 10 95.7 95 95.8 97 100 92.9
Source: Economist Intelligence Unit

Affordable

The cost of living in Ontario is surprisingly low and helps ease the burden of relocating staff.

Compared to New York City, you'll find rents down 49%, restaurants 25% less expensive and even groceries 10% less costly.

 

Find out more

Photo of Tony LaMantia

How we can help you

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Tony LaMantia
Assistant Deputy Minister,
Investment and Industry Division

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