Work in Silicon Valley and Spooked About Trump? Canada Wants You
What exactly do they propose is the incentive for founding a startup in Canada instead of just doing it in the US? It can&#x27;t be Waterloo because those grads don&#x27;t want to stay here, as things stand (brain drain effect). It can&#x27;t be the weather, or taxes. It definitely isn&#x27;t the investors, Canadian investors are notoriously conservative when it comes to new ventures (unless your business is to dig a new hole in the ground and pull out rocks). It isn&#x27;t the cost of living, the average price of a home in Toronto is $1M. The only support for startups is a decades old tax credit program called SRED which requires you to domicile your company as a Canadian owned private corporation (e.g., no Delaware corporations) and it is notorious for being beuraucratic and it clearly favours larger established companies over true startups. The government has failed miserably at incentivizing startups. This latest pitch seems to be based on nothing more than dusting off the old canard of Canada being more &quot;multi-cultural&quot; than the US, and using Donald Trump to attract startup entrepreneurs? This coming from the institutions that gave us Stephen Harper and Rob Ford? These gimmicks are more of an indication that they&#x27;re not serious abot incentivizing startups, they are just trying to score political points at home.