With global markets hungering constantly for better technologies and services, the place to be for R&D is Ontario, Canada.
BlackBerry smartphones, cutting-edge 3D software, life-saving vaccines – some of the most remarkable discoveries of the last decade have emerged from research labs in Ontario.
World-leading companies from every sector are leveraging Ontario's R&D advantage to develop breakthrough technologies, products and services for global markets. More than $12.5 billion in industrial and university-based R&D is performed in Ontario every year sustaining a critical mass of top talent and research facilities.
Interested in fueling growth through innovation, or cutting your after-tax R&D costs? We can show you the dollars-and-cents of what it costs to do R&D in Ontario.
According to the 2010 edition of KPMG's Competitive Alternatives, a comprehensive survey of international business costs, Canada offers the lowest costs among the G7 for:
- overall business operations
- R&D and product testing as a specific activity
- R&D intensive sectors - biotech, aerospace, agri-food, chemicals, medical devices, pharmaceuticals, precision manufacturing, telecommunications, software design, and web and multimedia.
- effective corporate income tax rate for manufacturing operations
- statutory plans as a percentage of payroll
- electricity costs (and the second lowest costs for natural gas)
Canada's R&D tax incentive program is one of the most generous in the industrialized world. Ontario increases that cost advantage with additional tax incentives.
Ontario has become a magnet for top scientists from around the world. They are being drawn by the generous funding programs, leading-edge research facilities and friendly, collaborative environment.
These scientists – at the University of Toronto, the University of Ottawa, Princess Margaret Hospital and other labs – are teaching and inspiring the next generation of researchers, creating an ever-widening pool of highly qualified talent.
Ontario's researchers are plugged into the global research community, working collaboratively with colleagues around the world on projects in every sector.
High-capacity optical networks provide seamless international connections for massive data flows, multi-point video conferencing and other bandwidth-hungry applications.
For face-to-face meetings, we have five international airports. The largest is Toronto's Pearson International Airport, with 79 airlines offering direct service to 27 Canadian, 42 U.S. and 84 international destinations.
Innovative global companies – DuPont, GM, Pratt & Whitney Canada, sanofi pasteur, Xerox and dozen more – have recognized Ontario's R&D advantage.
