Majik Systems Employees Optimizing Plant

Cost Advantages

Don’t let cost be your limiting factor

COST BREAKDOWN

$3.8M

75k sq. ft. of commercial space costs $3.8 million less per year than a similar space in New York City, according to CBRE.

65%

Companies can save up to 65% of their R&D costs with the SR&ED tax credit. It pays to do research in Waterloo.

Long Exposure Photo of Building and Cars

27%

Payroll taxes are 27% lower than in New York, 23% lower than in California and 12% lower than in Boston.

COMPARATIVE COST ADVANTAGES

Get a longer runway in Waterloo

The longer the runway the better chance you can take off. CBRE’s annual Scoring Tech Talent report provides comparative one-year company costs for a 500 employee, 75,000 sq. ft. office and Waterloo is exceptionally competitive.

Discover Incentives Discover Incentives

Here’s a snapshot of annual costs in markets across North America:

Waterloo – $35,988,352
San Francisco – $69,219,022 (+92.3%)
New York City – $60,551,944 (+68.3%)
Boston – $54,235,473 (+50.7%)
Austin – $48,028,072 (+33.5%)
Pittsburgh – $42,464,357 (+18%)

Canada’s incredible R&D tax credits can give your company an innovation advantage

Canada’s SR&ED Tax Incentive

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" My investors can’t believe that we can have such a nice space at such a reasonable cost. "

Joseph Emerson

Founder & CEO, Quantum Benchmark