SlideShare a Scribd company logo
INVEST TO
SUCCEED.
INVEST
TORONTO.
INVEST TORONTO
Invest Toronto is your connection to the global business opportunities found in
Toronto. Invest Toronto is responsible for attracting foreign direct investment
into the City of Toronto. We offer one-on-one consultations to businesses and
site selectors making global business investment decisions.

Our Services:

   • Complimentary concierge service for businesses
   • Answer all questions and enquiries on investment opportunities in Toronto
   • Facilitate introductions with sector experts and all three levels of
     government
   • Provide guidance on site location and selection
   • Facilitate business-to-business linkages
   • Provide industry and economic benchmarking analysis
   • Connect clients to qualified professional service individuals




                                                                                  2
International Companies Choose Toronto

 KPMG’s Global Resource Centre                Chinese Investment Corporation
        Chose Toronto                                 Chose Toronto
KPMG compared 28 major locations,             The China Investment Corporation (CIC)
including London, Amsterdam and New York      opened an office in Toronto, which serves
to relocate their Global Resource Centre      as its main centre for North American
(finance, marketing, learning and             investments. CIC chose Toronto for its
development, and IT professionals) based on   foreign office over New York and London
four key criteria:                            based on four factors:

         •Business Environment                       •Proximity to New York and London
         •Social and Physical Environment            •Business Friendly Environment
         •Availability of Space                      •Economic Stability and Resilience
         •Accessibility to Infrastructure            • Peer Companies in Financial
                                                       Services




                                                                                          3
Toronto is a Global Centre for ICT




                                     4
Toronto: A Prime Location with Proximity to the U.S.


                                         • Toronto businesses
                                           have access to a
                                           market of 461 million
                                           consumers with a
                                           combined GDP of
                                           about US$17.9 trillion

                                         • 120 million people
                                           within a 500 mile
                                           radius of Toronto

                                         • Located within 90
                                           minutes of New York,
                                           Chicago, Boston and
                                           Washington




                                                                    5
Toronto: Strong and Resilient Economy
• Soundest banking system in the world - 4 years in a row (World Economic Forum, 2008-2012)

• During the financial crisis, no Canadian bank or insurer failed and none required bailouts   (Government of Canada, 2012)



• Since mid-2009, Canada has posted the fastest employment growth in the G7, recouping all of the jobs lost during
  the recession (Government of Canada, 2012)

                                     Dun & Bradstreet’s Global Risk Indicator
                                              Ranked Canada 2nd




                                                                            “Citigroup economists forecast
                                                                            that by 2014, Canada will be one
                                                                            of few countries to retain its AAA
                                                                            credit rating.”
                                                                                                      Financial Post (2012)




                                                                                                                              6
Toronto Has It All: Low Business Costs

      2012 Cost Comparison, Toronto vs. International Peer Cities
               North America                                                   Global

   Montreal                94.3                                   Amsterdam                           94.7

                                                                    Toronto                            95.7
    Toronto                    95.7
     Atlanta                      96.2                                Milan                                 97.9

 Vancouver                        96.5                                Rome                                  97.9

 Dallas-Fort…                     96.5                                Berlin                                98.0
   Chicago                               99.3                         Paris                                  98.1

Philadelphia                             99.4                        London                                  98.1

Los Angeles                                     100.9              New York                                              103.4

     Boston                                      101.2               Sydney                                                   105.0
  New York                                                103.4       Tokyo                                                                     112.3


                                                            Cost Index
                                                        US average = 100.0
                                                                                                Source: KPMG Competitive Alternatives, 2012
                                                                                 (based upon 10 year average of total annual operating costs for 19 operations)



                                                                                                                                                           7
Toronto Has It All: Competitive Business Taxes

                                                     Competitive Corporate Income Tax Rates, Ontario
                                                               vs. Selected US States, 2012
      • The General Federal/Ontario                Ontario               15                 11.5         26.5%
        corporate tax rate is 26.5% -                Ohio*                            35                           35%
        below the level of most G7                  Texas*                            35                           35%
        countries                                Michigan*                            35                         6.0    41%
                                                 New York                             35                           7.1 42.1%
      • The Federal/Ontario corporate           Wisconsin                             35                           7.9    42.9%
        tax rate on Manufacturing &                Indiana                            35                            8.5    43.5%
        Processing is 25%                        California                           35                           8.84    43.5%
                                                     Illnois                          35                             9.5   44.5%
      • The Federal/Ontario small             Pennsylvania                            35                            9.99    45%
        business tax rate is 15.5%
                                                                       Federal         Provincial/State
                                                 * Ohio and Texas have gross receipts-style business taxes.
                                                 Source: Tax Foundation - State Corporate Income Tax Rates, 2012 & Tax
                                                 Watch, Spring 2012.




           Canada and Ontario governments are committed to competitive tax rates.
The combined Income Tax rate of 26.5% is approximately 13 percentage points lower than the U.S.



                                                                                                                                   8
An Established ICT Sector

                                                          Estimated distribution of employees by ICT
• Toronto’s ICT sector generates $52.2 billion in                          Firm Size
  revenues annually

• 35 % of the top 250 firms in Canada’s ICT industry
                                                                                             1 to 4
  are based in Toronto.
                                                                            17%
                                                                                             5 to 9
                                                               29%
• 11,500+ firms make up Toronto’s ICT sector
                                                                                   5%        10 to 19

• Toronto is Canada’s leading tech center, with more                               6%
                                                                                             20 to 49
  than 175,000 employees
                                                                                  11%        50 to 99
                                                              12%
• The sector has high levels of educational attainment:
                                                                     10%   10%
  96.9% of employees have a post-secondary                                                   100 to 199

  certificate, diploma or degree
                                                                                             200 to 499


                                                                                             500+
 Source: Toronto Region Research Alliance, 2011
World Class ICT Trained and Educated Workforce


• The ICT sector has a young workforce – 36.4% of ICT workers are under 35 years of age and
  61.5% of the ICT workforce is under 45 years of age.

• 50.2% of the ICT workforce is in the prime management age group (35 to 54 years of age).

• The sector has high levels of educational attainment: 96.9% of employees have a post-
  secondary certificate, diploma or degree, compared with 88.9% for the general labour force.

• The labour force is internationally minded, with business and personal linkages to nearly every
  country of the world.

• In August, 2012 the Massachusetts Institute of Technology (MIT) recognized two Torontonians on
  their list of top 35 tech innovators under 35.

• Hossein Rahnama of Ryerson University and Joyce Poon of the University of Toronto – are
  recognized for their individual achievements in taking on important problems in transformative
  ways
Over 60,600 Students Graduate Annually from Toronto
Based Post-secondary Institutions
• Toronto is home to 4 prominent universities. The largest three, University of Toronto, York
  University and Ryerson University offer a total of 21 ICT-related programs. The Ontario College
  of Art & Design University also offers an extensive curriculum of design and digital media
  programs.

• The Toronto Area is home to six colleges that offer ICT-related programs. Seneca College,
  Humber College, Centennial College, Sheridan College, Durham College and George Brown
  College offer a combined 40 programs that prepare students for careers in the ICT industry.

• Ubisoft Toronto established a research partnership with Sheridan College’s Screen Industries
  and Research Training Centre (SIRT) to encourage and facilitate knowledge sharing

  70,000                         Enrolment by City of Toronto Post-Secondary Institutions, 2010
             59,286
  60,000


  50,000
                               40,941
  40,000


  30,000

                                              19,817                         18,419
  20,000                                                                                     16,183
                                                                                                             13,803
                                                                                                                           8,917
  10,000
                                                              2,947
      0
           University of   York University   Ryerson      OCAD University Humber College Seneca College   George Brown   Centennial
             Toronto                         University                                                     College       College
Toronto’s ICT job market is the second hottest in North
America
      Top 12 Cities to Find an IT Job in 2012

      1) Houston, TX
      2) Toronto, ON
      3) Orlando, FL
      4) San Francisco, CA
      5) Minneapolis, MN
      6) McLean, VA
      7) Walnut Creek, CA
      8) Detroit, MI
      9) Jacksonville, FL
      10) New York, NY
      11) Denver, CO
      12) Boston, MA




                                                Source: ITBusiness.ca (2012)
Excellent ICT Infrastructure
• Highest wireless infrastructure support per capita in
                                                                ICT Sector Breakdown by Revenue
  North America

• 90% of the Toronto region has access to broadband
  technology

• Downtown office space with 1 gigabyte symmetrical fibre                                              Manufacturing
  infrastructure                                                         3%


• The carrier-neutral data centre in downtown Toronto                                                  Wholesaling

  houses the largest amount of fibre in Canada, and 2ND                                45%
  largest in North America                                    49%                                      Communications


• The continent’s highest percentage of wire-line
                                                                                                       Software & Services
  telecommunications converted to fiber optic cable                           3%



• Reliable and cost effective infrastructure to maximize
  profit and minimize risk through consistency and rare
  downtime; safe and stable supplier of electricity and gas

• Canada ranks 7 out of 133 countries in the Networked
                                                              Source: OneSource, includes all ICT companies in Toronto CMA
  Readiness Index 2009-2010
Digital Media: Toronto is leading the way

• There is an intersection of both tech and art that is taking place in Toronto at the upper
  educational level that is helping to drive the digital media wave in Toronto

• The Toronto Area boasts over 800 New Media firms, with approximately 60% located within the
  City of Toronto

• Digital Media is a $1.5 billion dollar industry in Ontario

• Supporting Ontario’s dynamic digital media sector is a key priority of the Ontario Media
  Development Corporation, which funds digital content and capacity throughout the province



                                                                         “Totally Amp’d is the first app of
                                                                            its kind for the underserved
                                                                           tween mobile entertainment
                                                                              market. The project was
                                                                          supported by OMDC’s Ontario
                                                                           Interactive Digital Media Tax
                                                                                        Credit”
Incubating the Digital Media Sector
Ryerson’s Digital Media Zone (DMZ)
http://digitalmediazone.ryerson.ca/
is designed for young entrepreneurs It’s a space where students and alumni come to innovate, collaborate
and market their products and services, and where commercial enterprises can turn to for progressive and
creative digital solutions
OCAD University Mobile Experience Innovation Centre (MEIC)
http://research.ocadu.ca/meic/home
is a not-for-profit association that supports design leadership, experience innovation and applied research in
Canada's mobile and wireless industries.
MaRS Incubator
http://www.marsdd.com/facilities/office-facilities/incubator/
is a not-for-profit corporation that works closely with entrepreneurs to help turn their science and technology
innovations into viable early stage businesses. It's not just a concept, it's also a physical space, a cluster of
buildings housing research labs, offices, venture capital firms, incubator facilities, and community
organizations to support them.
JOLT
http://marscommons.marsdd.com/how-we-help/jolti
Is a technology accelerator dedicated to building high-growth web and mobile companies The four-month
program works closely with entrepreneurs from initial product launch through the next stage of company
development and fundraising.
George Brown College Digital Media and Gaming Incubator
http://www.gaminginc.ca/
supports the city’s digital sectors by providing affordable space, business and professional services,
technology and human resources. The incubator shares space with the School of Design’s digital programs,
occupying 2000 square feet in a 26,000 square foot facility.
Seneca College Centre for Development of Open Technology
http://cdot.senecac.on.ca/
provides a physical and virtual environment for the development and research of open source software
through collaboration with Seneca, the open source community, business, and other institutions.
Supporting the Growth of Emerging Technologies

The Ontario Emerging Technologies Fund (OETF or the Fund) is a direct co-investment fund
established by the Province of Ontario in 2009. The $250 million fund co-invests alongside
qualified investors into innovative, high-growth, private, Ontario companies.

OETF is designed to respond to the challenges faced in raising capital by innovative, private,
Ontario-based companies in the clean technology, life sciences and advanced health
technologies, and digital media and information and communications technology sectors.

Qualified Investors Include
• Celtic House Venture Partner
• JLA Ventures
• Summerhill Venture Partners
• Vertex Venture Capital
• BlackBerry Partners Fund




   Source: http://www.ocgc.gov.on.ca/site/en/
Digital Related Education Programs

                                    NUMBER OF
PROGRAM TYPE                        PROGRAMS                   ~ ENROLLMENT
Game                                14                         712
Animation                           22                         1,083
Graphic Design                      14                         2,118
Media Inc. Film                     29                         2,792
Other                               4                          432
Software Engineering (College)      6                          216
Computer Science (University)       43                         7,843
Computer Engineering (College)      6                          1,049
Computer Engineering (University)   10                         715
Computer Programming (College)      26                         1,460

Grand Total                         174                        18,420


                                          Source: Ontario Technology Corridor. 2011
Competitive Cost Location for Software Development



                                 • Toronto offers among the lowest annual
                                   location cost’s among selected peer
                                   regions

                                 • The index number expresses the total
                                   operating costs, including taxes, for
                                   each city in percentage terms relative to
                                   the baseline of United States = 100.0




                                     Source: KPMG CompetitiveAlternatives.com
                                     Cost Model, 2012, accessed on August 21st, 2012
Supportive Government Incentives
Scientific Research And Experimental Development (SR&ED) | Canada Revenue Agency
http://www.cra-arc.gc.ca/sred/
Largest Source Of Federal Funding For Incentives
Widely recognized as one of the most generous R&D incentive programs in the world, claimants can apply for
SR&ED investment tax credits (ITC) of 20% of qualified expenditures such as wages, materials, machinery, equipment and some overhead.

Ontario R&D Tax Credit (ORDTC) | Ontario Ministry of Revenue
http://www.rev.gov.on.ca/en/credit/ordtc/index.html
Provincial Top-Up for Revenue Positive Ontario SMEs
Provides a 4.5% tax credit based on eligible SR&ED expenses carried out in Ontario. The credit may be used to reduce corporate income
tax payable. Any unused credit may be carried back 3 years or carried forward 20 years

Ontario Innovation Tax Credit (OITC) | Ontario Ministry of Revenue
http://www.rev.gov.on.ca/en/credit/oitc/index.html
Provincial Top-Up Available for Ontario SMEs
Ontario SMEs are eligible for an additional 10% tax credit where qualifying SR&ED has been performed in
Ontario. The OITC can include 100% of current expenses and 40% of capital expenses up to a maximum of
$300,000.

Ontario Business Research Institute Tax Credit (OBRITC)
http://www.rev.gov.on.ca/en/credit/ordtc/index.html
Ontario Ministry of Revenue
Tax Credits for Working with Universities and Colleges. OBRITC provides a 20% credit for SR&ED expenses incurred in Ontario under an
eligible contract with an Eligible Research Institute (ERI) i.e. universities or colleges. Qualifying expenditures are capped at $20 million
annually. The maximum annual credit is $4 million.

Ontario Interactive Digital Media Tax Credit (OIDMTC)
http://www.cra-arc.gc.ca/sred/
Ontario Media Development Corporation
A refundable tax credit of up to 40% based on eligible Ontario labour expenditures and eligible marketing and distribution expenses claimed
by a qualifying corporation in the creation of interactive digital media products in Ontario.
Incorporating a Business in Toronto

           Incorporation (Subsidiary)
     Federally                                            Branch office
     • 25% of a federal corporation’s board of            • A branch is an extension of its non-
       directors are required to be Canadian                Canadian parent corporation
       residents.
     • Federal corporation requires greater disclosure • A subsidiary, a federally or
       and filing requirements.                             provincially incorporated business,
                                                            is a separate legal entity from its
     • Federal corporations can headquarter in any          parent.
       Canadian province.
                                                          • The key distinction between a
     Provincially                                           branch and a subsidiary is that a
                                                            branch is not a separate legal
     • To operate in Ontario, corporations must             entity; the non-Canadian
        either be registered federally or provincially in   corporation is subject to liabilities
        Ontario.                                            incurred by the branch in Canada.
     • Professional corporations are only available         Additionally, the benefits of
        at the provincial level.                            incorporating federally or
                                                            provincially do not apply to a
     • Ontario corporations require 25% of their            branch office.
        directors to be Canadian residents.



                                                                                                    20
Business Visas/Immigration

Temporary
Intra-Company Transfer
•   Permits international companies to temporarily transfer qualified employees to Canada
•   Once the business is functional, the employee can apply for Permanent Residency as either a
    Skilled Worker/Professional or a Provincial Nominee
Foreign Worker Process
•   A positive Labour Market Opinion (LMO) is generally required to hire a temporary foreign worker if an
    Intra-company Transfer was not obtained. Employees must be paid at equivalent Canadian rates

Permanent
Provincial Nominee Program                                     Over the last 5 years, Toronto
•   Employer-driven program applicable to both new             received an average of 85,000
    investments and expansions to current operations
                                                               new immigrants per year
Skilled Workers and Professionals                              (Citizenship and Immigration Canada, RDM, Preliminary 2011 Data)

•   Applicants must have an offer of permanent, full-time
    employment




                                                                                                                                  21
CONTACT



Nikki Holland

Vice President, Public Affairs
Office: 416-981-3890

Cellphone: 647-285-4273
nholland@investtoronto.ca
www.twitter.com/invest_toronto
www.investtoronto.wordpress.com

More Related Content

Similar to Torontos ict sector_-_10-25-2012-nasscom_presentation_v2[1]

Value Proposition IFC Montreal (To) (2)
Value Proposition IFC Montreal (To) (2)Value Proposition IFC Montreal (To) (2)
Value Proposition IFC Montreal (To) (2)John_Rooke2011
 
Green economy in the City of Toronto
Green economy in the City of TorontoGreen economy in the City of Toronto
Green economy in the City of Toronto
Nguyễn Khoa
 
White Star Capital - Canadian Venture Capital Landscape 2017
White Star Capital -  Canadian Venture Capital Landscape 2017White Star Capital -  Canadian Venture Capital Landscape 2017
White Star Capital - Canadian Venture Capital Landscape 2017
Sanjay Zimmermann
 
Indicators En2009
Indicators En2009Indicators En2009
Indicators En2009
Gustavo Gomez
 
DAMAC PRESENTATION APRIL 2012
DAMAC PRESENTATION APRIL 2012DAMAC PRESENTATION APRIL 2012
DAMAC PRESENTATION APRIL 2012niraj79
 
Invest Toronto 2012 Annual Report With Financials_Final
Invest Toronto 2012 Annual Report With Financials_FinalInvest Toronto 2012 Annual Report With Financials_Final
Invest Toronto 2012 Annual Report With Financials_FinalJulia Sakas
 
Toronto finance cluster_mrk625w10
Toronto finance cluster_mrk625w10Toronto finance cluster_mrk625w10
Toronto finance cluster_mrk625w10
clemensykim
 
Imagine your business in london
Imagine your business in londonImagine your business in london
Imagine your business in londonlondonandpartners
 
Why dubai , why damac
Why dubai , why damacWhy dubai , why damac
Why dubai , why damac
Zayed Home
 
Don Duval - The Innovation and Entrepreneurship Ecosystem in Toronto - Emergi...
Don Duval - The Innovation and Entrepreneurship Ecosystem in Toronto - Emergi...Don Duval - The Innovation and Entrepreneurship Ecosystem in Toronto - Emergi...
Don Duval - The Innovation and Entrepreneurship Ecosystem in Toronto - Emergi...
Don Duval
 
Technology Venture Capital Financing in Canada (H1 2016) - Extreme Venture Pa...
Technology Venture Capital Financing in Canada (H1 2016) - Extreme Venture Pa...Technology Venture Capital Financing in Canada (H1 2016) - Extreme Venture Pa...
Technology Venture Capital Financing in Canada (H1 2016) - Extreme Venture Pa...
Aniket Patel
 
Business Services Cluster
Business Services ClusterBusiness Services Cluster
Business Services Cluster
nchauhan
 
State of Industry
State of IndustryState of Industry
State of Industrydnkomo
 
Got Economic Development? 7 Practical Ways That DMOSs & EDOs Can Work Together
Got Economic Development? 7 Practical Ways That DMOSs & EDOs Can Work Together Got Economic Development? 7 Practical Ways That DMOSs & EDOs Can Work Together
Got Economic Development? 7 Practical Ways That DMOSs & EDOs Can Work Together Development Counsellors International
 
Presentation on mnc
Presentation on mncPresentation on mnc
Presentation on mncraghu14
 
International Competitiveness in M&A
International Competitiveness in M&AInternational Competitiveness in M&A
International Competitiveness in M&A
Firmex
 
White Star Capital - Canadian Venture Capital Landscape 2018
White Star Capital - Canadian Venture Capital Landscape 2018White Star Capital - Canadian Venture Capital Landscape 2018
White Star Capital - Canadian Venture Capital Landscape 2018
Sanjay Zimmermann
 
Enterprise ireland North American Fintech Advisory Panel Remarks Scott Wilkinson
Enterprise ireland North American Fintech Advisory Panel Remarks Scott WilkinsonEnterprise ireland North American Fintech Advisory Panel Remarks Scott Wilkinson
Enterprise ireland North American Fintech Advisory Panel Remarks Scott Wilkinson
Scott Wilkinson
 
Tech M&A Monthly: 12 Negotiation Tips from the Pros
Tech M&A Monthly: 12 Negotiation Tips from the ProsTech M&A Monthly: 12 Negotiation Tips from the Pros
Tech M&A Monthly: 12 Negotiation Tips from the Pros
Corum Group
 

Similar to Torontos ict sector_-_10-25-2012-nasscom_presentation_v2[1] (20)

Value Proposition IFC Montreal (To) (2)
Value Proposition IFC Montreal (To) (2)Value Proposition IFC Montreal (To) (2)
Value Proposition IFC Montreal (To) (2)
 
Green economy in the City of Toronto
Green economy in the City of TorontoGreen economy in the City of Toronto
Green economy in the City of Toronto
 
White Star Capital - Canadian Venture Capital Landscape 2017
White Star Capital -  Canadian Venture Capital Landscape 2017White Star Capital -  Canadian Venture Capital Landscape 2017
White Star Capital - Canadian Venture Capital Landscape 2017
 
Indicators En2009
Indicators En2009Indicators En2009
Indicators En2009
 
DAMAC PRESENTATION APRIL 2012
DAMAC PRESENTATION APRIL 2012DAMAC PRESENTATION APRIL 2012
DAMAC PRESENTATION APRIL 2012
 
Cga webinar-1
Cga webinar-1Cga webinar-1
Cga webinar-1
 
Invest Toronto 2012 Annual Report With Financials_Final
Invest Toronto 2012 Annual Report With Financials_FinalInvest Toronto 2012 Annual Report With Financials_Final
Invest Toronto 2012 Annual Report With Financials_Final
 
Toronto finance cluster_mrk625w10
Toronto finance cluster_mrk625w10Toronto finance cluster_mrk625w10
Toronto finance cluster_mrk625w10
 
Imagine your business in london
Imagine your business in londonImagine your business in london
Imagine your business in london
 
Why dubai , why damac
Why dubai , why damacWhy dubai , why damac
Why dubai , why damac
 
Don Duval - The Innovation and Entrepreneurship Ecosystem in Toronto - Emergi...
Don Duval - The Innovation and Entrepreneurship Ecosystem in Toronto - Emergi...Don Duval - The Innovation and Entrepreneurship Ecosystem in Toronto - Emergi...
Don Duval - The Innovation and Entrepreneurship Ecosystem in Toronto - Emergi...
 
Technology Venture Capital Financing in Canada (H1 2016) - Extreme Venture Pa...
Technology Venture Capital Financing in Canada (H1 2016) - Extreme Venture Pa...Technology Venture Capital Financing in Canada (H1 2016) - Extreme Venture Pa...
Technology Venture Capital Financing in Canada (H1 2016) - Extreme Venture Pa...
 
Business Services Cluster
Business Services ClusterBusiness Services Cluster
Business Services Cluster
 
State of Industry
State of IndustryState of Industry
State of Industry
 
Got Economic Development? 7 Practical Ways That DMOSs & EDOs Can Work Together
Got Economic Development? 7 Practical Ways That DMOSs & EDOs Can Work Together Got Economic Development? 7 Practical Ways That DMOSs & EDOs Can Work Together
Got Economic Development? 7 Practical Ways That DMOSs & EDOs Can Work Together
 
Presentation on mnc
Presentation on mncPresentation on mnc
Presentation on mnc
 
International Competitiveness in M&A
International Competitiveness in M&AInternational Competitiveness in M&A
International Competitiveness in M&A
 
White Star Capital - Canadian Venture Capital Landscape 2018
White Star Capital - Canadian Venture Capital Landscape 2018White Star Capital - Canadian Venture Capital Landscape 2018
White Star Capital - Canadian Venture Capital Landscape 2018
 
Enterprise ireland North American Fintech Advisory Panel Remarks Scott Wilkinson
Enterprise ireland North American Fintech Advisory Panel Remarks Scott WilkinsonEnterprise ireland North American Fintech Advisory Panel Remarks Scott Wilkinson
Enterprise ireland North American Fintech Advisory Panel Remarks Scott Wilkinson
 
Tech M&A Monthly: 12 Negotiation Tips from the Pros
Tech M&A Monthly: 12 Negotiation Tips from the ProsTech M&A Monthly: 12 Negotiation Tips from the Pros
Tech M&A Monthly: 12 Negotiation Tips from the Pros
 

More from Chris Fyvie

Colliers canada national market snapshot 2020 q4
Colliers canada national market snapshot 2020 q4Colliers canada national market snapshot 2020 q4
Colliers canada national market snapshot 2020 q4
Chris Fyvie
 
Colliers GTA Office Statistics Q1 2017
Colliers GTA Office Statistics Q1 2017Colliers GTA Office Statistics Q1 2017
Colliers GTA Office Statistics Q1 2017
Chris Fyvie
 
Downtown toronto office survey package august 25 2016
Downtown toronto office survey package   august 25 2016Downtown toronto office survey package   august 25 2016
Downtown toronto office survey package august 25 2016
Chris Fyvie
 
WTF Properties - Toronto Office Space July availability report
WTF Properties - Toronto Office Space July availability reportWTF Properties - Toronto Office Space July availability report
WTF Properties - Toronto Office Space July availability report
Chris Fyvie
 
Plug in to peak productivity - Colliers Spark Report
Plug in to peak productivity - Colliers Spark ReportPlug in to peak productivity - Colliers Spark Report
Plug in to peak productivity - Colliers Spark Report
Chris Fyvie
 
Lennard commercial office space downtown toronto
Lennard commercial office space downtown torontoLennard commercial office space downtown toronto
Lennard commercial office space downtown toronto
Chris Fyvie
 
Q1 2016 cresa market report
Q1 2016 cresa market reportQ1 2016 cresa market report
Q1 2016 cresa market report
Chris Fyvie
 
2016 office condo report
2016 office condo report2016 office condo report
2016 office condo report
Chris Fyvie
 
Toronto office market report q1 2016
Toronto office market report q1 2016Toronto office market report q1 2016
Toronto office market report q1 2016
Chris Fyvie
 
Colliers Gta office market statistics q1 2016
Colliers Gta office market statistics q1 2016Colliers Gta office market statistics q1 2016
Colliers Gta office market statistics q1 2016
Chris Fyvie
 
Cadillac Fairview Office Vacancy - May 2016
Cadillac Fairview Office Vacancy - May 2016Cadillac Fairview Office Vacancy - May 2016
Cadillac Fairview Office Vacancy - May 2016
Chris Fyvie
 
Security deposit insecurity - Daoust Vukovich LLP
Security deposit insecurity - Daoust Vukovich LLPSecurity deposit insecurity - Daoust Vukovich LLP
Security deposit insecurity - Daoust Vukovich LLP
Chris Fyvie
 
Costs to Furnish Toronto Office Space
Costs to Furnish Toronto Office SpaceCosts to Furnish Toronto Office Space
Costs to Furnish Toronto Office Space
Chris Fyvie
 
Audio Visual Construction Costs
Audio Visual Construction CostsAudio Visual Construction Costs
Audio Visual Construction Costs
Chris Fyvie
 
Office Space Construction Costs
Office Space Construction CostsOffice Space Construction Costs
Office Space Construction Costs
Chris Fyvie
 
Toronto Innovate Office Spaces
Toronto Innovate Office SpacesToronto Innovate Office Spaces
Toronto Innovate Office Spaces
Chris Fyvie
 
Cadillac fairview gta reports-nov_2015
Cadillac fairview   gta reports-nov_2015Cadillac fairview   gta reports-nov_2015
Cadillac fairview gta reports-nov_2015
Chris Fyvie
 
Ashlar november-2015-availability-report
Ashlar november-2015-availability-reportAshlar november-2015-availability-report
Ashlar november-2015-availability-report
Chris Fyvie
 
Colliers Toronto office market report 2015 q3
Colliers Toronto office market report 2015 q3Colliers Toronto office market report 2015 q3
Colliers Toronto office market report 2015 q3
Chris Fyvie
 
#Toronto Businesses now demanding their offices be close to accessible, rapid...
#Toronto Businesses now demanding their offices be close to accessible, rapid...#Toronto Businesses now demanding their offices be close to accessible, rapid...
#Toronto Businesses now demanding their offices be close to accessible, rapid...
Chris Fyvie
 

More from Chris Fyvie (20)

Colliers canada national market snapshot 2020 q4
Colliers canada national market snapshot 2020 q4Colliers canada national market snapshot 2020 q4
Colliers canada national market snapshot 2020 q4
 
Colliers GTA Office Statistics Q1 2017
Colliers GTA Office Statistics Q1 2017Colliers GTA Office Statistics Q1 2017
Colliers GTA Office Statistics Q1 2017
 
Downtown toronto office survey package august 25 2016
Downtown toronto office survey package   august 25 2016Downtown toronto office survey package   august 25 2016
Downtown toronto office survey package august 25 2016
 
WTF Properties - Toronto Office Space July availability report
WTF Properties - Toronto Office Space July availability reportWTF Properties - Toronto Office Space July availability report
WTF Properties - Toronto Office Space July availability report
 
Plug in to peak productivity - Colliers Spark Report
Plug in to peak productivity - Colliers Spark ReportPlug in to peak productivity - Colliers Spark Report
Plug in to peak productivity - Colliers Spark Report
 
Lennard commercial office space downtown toronto
Lennard commercial office space downtown torontoLennard commercial office space downtown toronto
Lennard commercial office space downtown toronto
 
Q1 2016 cresa market report
Q1 2016 cresa market reportQ1 2016 cresa market report
Q1 2016 cresa market report
 
2016 office condo report
2016 office condo report2016 office condo report
2016 office condo report
 
Toronto office market report q1 2016
Toronto office market report q1 2016Toronto office market report q1 2016
Toronto office market report q1 2016
 
Colliers Gta office market statistics q1 2016
Colliers Gta office market statistics q1 2016Colliers Gta office market statistics q1 2016
Colliers Gta office market statistics q1 2016
 
Cadillac Fairview Office Vacancy - May 2016
Cadillac Fairview Office Vacancy - May 2016Cadillac Fairview Office Vacancy - May 2016
Cadillac Fairview Office Vacancy - May 2016
 
Security deposit insecurity - Daoust Vukovich LLP
Security deposit insecurity - Daoust Vukovich LLPSecurity deposit insecurity - Daoust Vukovich LLP
Security deposit insecurity - Daoust Vukovich LLP
 
Costs to Furnish Toronto Office Space
Costs to Furnish Toronto Office SpaceCosts to Furnish Toronto Office Space
Costs to Furnish Toronto Office Space
 
Audio Visual Construction Costs
Audio Visual Construction CostsAudio Visual Construction Costs
Audio Visual Construction Costs
 
Office Space Construction Costs
Office Space Construction CostsOffice Space Construction Costs
Office Space Construction Costs
 
Toronto Innovate Office Spaces
Toronto Innovate Office SpacesToronto Innovate Office Spaces
Toronto Innovate Office Spaces
 
Cadillac fairview gta reports-nov_2015
Cadillac fairview   gta reports-nov_2015Cadillac fairview   gta reports-nov_2015
Cadillac fairview gta reports-nov_2015
 
Ashlar november-2015-availability-report
Ashlar november-2015-availability-reportAshlar november-2015-availability-report
Ashlar november-2015-availability-report
 
Colliers Toronto office market report 2015 q3
Colliers Toronto office market report 2015 q3Colliers Toronto office market report 2015 q3
Colliers Toronto office market report 2015 q3
 
#Toronto Businesses now demanding their offices be close to accessible, rapid...
#Toronto Businesses now demanding their offices be close to accessible, rapid...#Toronto Businesses now demanding their offices be close to accessible, rapid...
#Toronto Businesses now demanding their offices be close to accessible, rapid...
 

Recently uploaded

The KA Housing - Catalogue - Listing Turkey
The KA Housing - Catalogue - Listing TurkeyThe KA Housing - Catalogue - Listing Turkey
The KA Housing - Catalogue - Listing Turkey
Listing Turkey
 
Green Homes, Islamabad Presentation .pdf
Green Homes, Islamabad Presentation .pdfGreen Homes, Islamabad Presentation .pdf
Green Homes, Islamabad Presentation .pdf
ticktoktips
 
Simpolo Company Profile & Corporate Logo
Simpolo Company Profile & Corporate LogoSimpolo Company Profile & Corporate Logo
Simpolo Company Profile & Corporate Logo
simpolosparkteam
 
One FNG by Group 108 Sector 142 Noida Construction Update
One FNG by Group 108 Sector 142 Noida Construction UpdateOne FNG by Group 108 Sector 142 Noida Construction Update
One FNG by Group 108 Sector 142 Noida Construction Update
One FNG
 
Torun Center Residences Istanbul - Listing Turkey
Torun Center Residences Istanbul - Listing TurkeyTorun Center Residences Istanbul - Listing Turkey
Torun Center Residences Istanbul - Listing Turkey
Listing Turkey
 
Omaxe Sports City Dwarka A Comprehensive Guide
Omaxe Sports City Dwarka A Comprehensive GuideOmaxe Sports City Dwarka A Comprehensive Guide
Omaxe Sports City Dwarka A Comprehensive Guide
omaxesportscitydwark
 
Biography and career about Lixin Azarmehr
Biography and career about Lixin AzarmehrBiography and career about Lixin Azarmehr
Biography and career about Lixin Azarmehr
Lixin Azarmehr
 
Sense Levent Kagithane Catalog - Listing Turkey
Sense Levent Kagithane Catalog - Listing TurkeySense Levent Kagithane Catalog - Listing Turkey
Sense Levent Kagithane Catalog - Listing Turkey
Listing Turkey
 
Killer Referans Bahcesehir Catalog Listing Turkey
Killer Referans Bahcesehir Catalog Listing TurkeyKiller Referans Bahcesehir Catalog Listing Turkey
Killer Referans Bahcesehir Catalog Listing Turkey
Listing Turkey
 
BricknBolt Understanding Load-Bearing Walls and Their Structural Support in H...
BricknBolt Understanding Load-Bearing Walls and Their Structural Support in H...BricknBolt Understanding Load-Bearing Walls and Their Structural Support in H...
BricknBolt Understanding Load-Bearing Walls and Their Structural Support in H...
BrickAndBolt
 
Deutsche EuroShop | Company Presentation | 06/24
Deutsche EuroShop | Company Presentation | 06/24Deutsche EuroShop | Company Presentation | 06/24
Deutsche EuroShop | Company Presentation | 06/24
Deutsche EuroShop AG
 
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...
JagadishKR1
 
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdf
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfRixos Tersane Istanbul Residences Brochure_May2024_ENG.pdf
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdf
Listing Turkey
 
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...
Presentation to Windust Meadows HOA Board of Directors June 4, 2024:  Focus o...Presentation to Windust Meadows HOA Board of Directors June 4, 2024:  Focus o...
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...
Joseph Lewis Aguirre
 
Architectural & Interior design portfolio.pdf
Architectural & Interior design portfolio.pdfArchitectural & Interior design portfolio.pdf
Architectural & Interior design portfolio.pdf
susantebinum
 
How to Scan Tenants in NYC - You Should Know!
How to Scan Tenants in NYC - You Should Know!How to Scan Tenants in NYC - You Should Know!
How to Scan Tenants in NYC - You Should Know!
BelgiumManagement
 
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...
JagadishKR1
 
SVN Live 6.3.24 Weekly Property Broadcast
SVN Live 6.3.24 Weekly Property BroadcastSVN Live 6.3.24 Weekly Property Broadcast
SVN Live 6.3.24 Weekly Property Broadcast
SVN International Corp.
 
Brigade Insignia at Yelahanka Brochure.pdf
Brigade Insignia at Yelahanka Brochure.pdfBrigade Insignia at Yelahanka Brochure.pdf
Brigade Insignia at Yelahanka Brochure.pdf
SachinChauhan191
 
One20 North Vancouver Floor Plans by Three Shores Development.
One20 North Vancouver Floor Plans by Three Shores Development.One20 North Vancouver Floor Plans by Three Shores Development.
One20 North Vancouver Floor Plans by Three Shores Development.
VickyAulakh1
 

Recently uploaded (20)

The KA Housing - Catalogue - Listing Turkey
The KA Housing - Catalogue - Listing TurkeyThe KA Housing - Catalogue - Listing Turkey
The KA Housing - Catalogue - Listing Turkey
 
Green Homes, Islamabad Presentation .pdf
Green Homes, Islamabad Presentation .pdfGreen Homes, Islamabad Presentation .pdf
Green Homes, Islamabad Presentation .pdf
 
Simpolo Company Profile & Corporate Logo
Simpolo Company Profile & Corporate LogoSimpolo Company Profile & Corporate Logo
Simpolo Company Profile & Corporate Logo
 
One FNG by Group 108 Sector 142 Noida Construction Update
One FNG by Group 108 Sector 142 Noida Construction UpdateOne FNG by Group 108 Sector 142 Noida Construction Update
One FNG by Group 108 Sector 142 Noida Construction Update
 
Torun Center Residences Istanbul - Listing Turkey
Torun Center Residences Istanbul - Listing TurkeyTorun Center Residences Istanbul - Listing Turkey
Torun Center Residences Istanbul - Listing Turkey
 
Omaxe Sports City Dwarka A Comprehensive Guide
Omaxe Sports City Dwarka A Comprehensive GuideOmaxe Sports City Dwarka A Comprehensive Guide
Omaxe Sports City Dwarka A Comprehensive Guide
 
Biography and career about Lixin Azarmehr
Biography and career about Lixin AzarmehrBiography and career about Lixin Azarmehr
Biography and career about Lixin Azarmehr
 
Sense Levent Kagithane Catalog - Listing Turkey
Sense Levent Kagithane Catalog - Listing TurkeySense Levent Kagithane Catalog - Listing Turkey
Sense Levent Kagithane Catalog - Listing Turkey
 
Killer Referans Bahcesehir Catalog Listing Turkey
Killer Referans Bahcesehir Catalog Listing TurkeyKiller Referans Bahcesehir Catalog Listing Turkey
Killer Referans Bahcesehir Catalog Listing Turkey
 
BricknBolt Understanding Load-Bearing Walls and Their Structural Support in H...
BricknBolt Understanding Load-Bearing Walls and Their Structural Support in H...BricknBolt Understanding Load-Bearing Walls and Their Structural Support in H...
BricknBolt Understanding Load-Bearing Walls and Their Structural Support in H...
 
Deutsche EuroShop | Company Presentation | 06/24
Deutsche EuroShop | Company Presentation | 06/24Deutsche EuroShop | Company Presentation | 06/24
Deutsche EuroShop | Company Presentation | 06/24
 
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...
 
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdf
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfRixos Tersane Istanbul Residences Brochure_May2024_ENG.pdf
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdf
 
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...
Presentation to Windust Meadows HOA Board of Directors June 4, 2024:  Focus o...Presentation to Windust Meadows HOA Board of Directors June 4, 2024:  Focus o...
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...
 
Architectural & Interior design portfolio.pdf
Architectural & Interior design portfolio.pdfArchitectural & Interior design portfolio.pdf
Architectural & Interior design portfolio.pdf
 
How to Scan Tenants in NYC - You Should Know!
How to Scan Tenants in NYC - You Should Know!How to Scan Tenants in NYC - You Should Know!
How to Scan Tenants in NYC - You Should Know!
 
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...
 
SVN Live 6.3.24 Weekly Property Broadcast
SVN Live 6.3.24 Weekly Property BroadcastSVN Live 6.3.24 Weekly Property Broadcast
SVN Live 6.3.24 Weekly Property Broadcast
 
Brigade Insignia at Yelahanka Brochure.pdf
Brigade Insignia at Yelahanka Brochure.pdfBrigade Insignia at Yelahanka Brochure.pdf
Brigade Insignia at Yelahanka Brochure.pdf
 
One20 North Vancouver Floor Plans by Three Shores Development.
One20 North Vancouver Floor Plans by Three Shores Development.One20 North Vancouver Floor Plans by Three Shores Development.
One20 North Vancouver Floor Plans by Three Shores Development.
 

Torontos ict sector_-_10-25-2012-nasscom_presentation_v2[1]

  • 2. INVEST TORONTO Invest Toronto is your connection to the global business opportunities found in Toronto. Invest Toronto is responsible for attracting foreign direct investment into the City of Toronto. We offer one-on-one consultations to businesses and site selectors making global business investment decisions. Our Services: • Complimentary concierge service for businesses • Answer all questions and enquiries on investment opportunities in Toronto • Facilitate introductions with sector experts and all three levels of government • Provide guidance on site location and selection • Facilitate business-to-business linkages • Provide industry and economic benchmarking analysis • Connect clients to qualified professional service individuals 2
  • 3. International Companies Choose Toronto KPMG’s Global Resource Centre Chinese Investment Corporation Chose Toronto Chose Toronto KPMG compared 28 major locations, The China Investment Corporation (CIC) including London, Amsterdam and New York opened an office in Toronto, which serves to relocate their Global Resource Centre as its main centre for North American (finance, marketing, learning and investments. CIC chose Toronto for its development, and IT professionals) based on foreign office over New York and London four key criteria: based on four factors: •Business Environment •Proximity to New York and London •Social and Physical Environment •Business Friendly Environment •Availability of Space •Economic Stability and Resilience •Accessibility to Infrastructure • Peer Companies in Financial Services 3
  • 4. Toronto is a Global Centre for ICT 4
  • 5. Toronto: A Prime Location with Proximity to the U.S. • Toronto businesses have access to a market of 461 million consumers with a combined GDP of about US$17.9 trillion • 120 million people within a 500 mile radius of Toronto • Located within 90 minutes of New York, Chicago, Boston and Washington 5
  • 6. Toronto: Strong and Resilient Economy • Soundest banking system in the world - 4 years in a row (World Economic Forum, 2008-2012) • During the financial crisis, no Canadian bank or insurer failed and none required bailouts (Government of Canada, 2012) • Since mid-2009, Canada has posted the fastest employment growth in the G7, recouping all of the jobs lost during the recession (Government of Canada, 2012) Dun & Bradstreet’s Global Risk Indicator Ranked Canada 2nd “Citigroup economists forecast that by 2014, Canada will be one of few countries to retain its AAA credit rating.” Financial Post (2012) 6
  • 7. Toronto Has It All: Low Business Costs 2012 Cost Comparison, Toronto vs. International Peer Cities North America Global Montreal 94.3 Amsterdam 94.7 Toronto 95.7 Toronto 95.7 Atlanta 96.2 Milan 97.9 Vancouver 96.5 Rome 97.9 Dallas-Fort… 96.5 Berlin 98.0 Chicago 99.3 Paris 98.1 Philadelphia 99.4 London 98.1 Los Angeles 100.9 New York 103.4 Boston 101.2 Sydney 105.0 New York 103.4 Tokyo 112.3 Cost Index US average = 100.0 Source: KPMG Competitive Alternatives, 2012 (based upon 10 year average of total annual operating costs for 19 operations) 7
  • 8. Toronto Has It All: Competitive Business Taxes Competitive Corporate Income Tax Rates, Ontario vs. Selected US States, 2012 • The General Federal/Ontario Ontario 15 11.5 26.5% corporate tax rate is 26.5% - Ohio* 35 35% below the level of most G7 Texas* 35 35% countries Michigan* 35 6.0 41% New York 35 7.1 42.1% • The Federal/Ontario corporate Wisconsin 35 7.9 42.9% tax rate on Manufacturing & Indiana 35 8.5 43.5% Processing is 25% California 35 8.84 43.5% Illnois 35 9.5 44.5% • The Federal/Ontario small Pennsylvania 35 9.99 45% business tax rate is 15.5% Federal Provincial/State * Ohio and Texas have gross receipts-style business taxes. Source: Tax Foundation - State Corporate Income Tax Rates, 2012 & Tax Watch, Spring 2012. Canada and Ontario governments are committed to competitive tax rates. The combined Income Tax rate of 26.5% is approximately 13 percentage points lower than the U.S. 8
  • 9. An Established ICT Sector Estimated distribution of employees by ICT • Toronto’s ICT sector generates $52.2 billion in Firm Size revenues annually • 35 % of the top 250 firms in Canada’s ICT industry 1 to 4 are based in Toronto. 17% 5 to 9 29% • 11,500+ firms make up Toronto’s ICT sector 5% 10 to 19 • Toronto is Canada’s leading tech center, with more 6% 20 to 49 than 175,000 employees 11% 50 to 99 12% • The sector has high levels of educational attainment: 10% 10% 96.9% of employees have a post-secondary 100 to 199 certificate, diploma or degree 200 to 499 500+ Source: Toronto Region Research Alliance, 2011
  • 10. World Class ICT Trained and Educated Workforce • The ICT sector has a young workforce – 36.4% of ICT workers are under 35 years of age and 61.5% of the ICT workforce is under 45 years of age. • 50.2% of the ICT workforce is in the prime management age group (35 to 54 years of age). • The sector has high levels of educational attainment: 96.9% of employees have a post- secondary certificate, diploma or degree, compared with 88.9% for the general labour force. • The labour force is internationally minded, with business and personal linkages to nearly every country of the world. • In August, 2012 the Massachusetts Institute of Technology (MIT) recognized two Torontonians on their list of top 35 tech innovators under 35. • Hossein Rahnama of Ryerson University and Joyce Poon of the University of Toronto – are recognized for their individual achievements in taking on important problems in transformative ways
  • 11. Over 60,600 Students Graduate Annually from Toronto Based Post-secondary Institutions • Toronto is home to 4 prominent universities. The largest three, University of Toronto, York University and Ryerson University offer a total of 21 ICT-related programs. The Ontario College of Art & Design University also offers an extensive curriculum of design and digital media programs. • The Toronto Area is home to six colleges that offer ICT-related programs. Seneca College, Humber College, Centennial College, Sheridan College, Durham College and George Brown College offer a combined 40 programs that prepare students for careers in the ICT industry. • Ubisoft Toronto established a research partnership with Sheridan College’s Screen Industries and Research Training Centre (SIRT) to encourage and facilitate knowledge sharing 70,000 Enrolment by City of Toronto Post-Secondary Institutions, 2010 59,286 60,000 50,000 40,941 40,000 30,000 19,817 18,419 20,000 16,183 13,803 8,917 10,000 2,947 0 University of York University Ryerson OCAD University Humber College Seneca College George Brown Centennial Toronto University College College
  • 12. Toronto’s ICT job market is the second hottest in North America Top 12 Cities to Find an IT Job in 2012 1) Houston, TX 2) Toronto, ON 3) Orlando, FL 4) San Francisco, CA 5) Minneapolis, MN 6) McLean, VA 7) Walnut Creek, CA 8) Detroit, MI 9) Jacksonville, FL 10) New York, NY 11) Denver, CO 12) Boston, MA Source: ITBusiness.ca (2012)
  • 13. Excellent ICT Infrastructure • Highest wireless infrastructure support per capita in ICT Sector Breakdown by Revenue North America • 90% of the Toronto region has access to broadband technology • Downtown office space with 1 gigabyte symmetrical fibre Manufacturing infrastructure 3% • The carrier-neutral data centre in downtown Toronto Wholesaling houses the largest amount of fibre in Canada, and 2ND 45% largest in North America 49% Communications • The continent’s highest percentage of wire-line Software & Services telecommunications converted to fiber optic cable 3% • Reliable and cost effective infrastructure to maximize profit and minimize risk through consistency and rare downtime; safe and stable supplier of electricity and gas • Canada ranks 7 out of 133 countries in the Networked Source: OneSource, includes all ICT companies in Toronto CMA Readiness Index 2009-2010
  • 14. Digital Media: Toronto is leading the way • There is an intersection of both tech and art that is taking place in Toronto at the upper educational level that is helping to drive the digital media wave in Toronto • The Toronto Area boasts over 800 New Media firms, with approximately 60% located within the City of Toronto • Digital Media is a $1.5 billion dollar industry in Ontario • Supporting Ontario’s dynamic digital media sector is a key priority of the Ontario Media Development Corporation, which funds digital content and capacity throughout the province “Totally Amp’d is the first app of its kind for the underserved tween mobile entertainment market. The project was supported by OMDC’s Ontario Interactive Digital Media Tax Credit”
  • 15. Incubating the Digital Media Sector Ryerson’s Digital Media Zone (DMZ) http://digitalmediazone.ryerson.ca/ is designed for young entrepreneurs It’s a space where students and alumni come to innovate, collaborate and market their products and services, and where commercial enterprises can turn to for progressive and creative digital solutions OCAD University Mobile Experience Innovation Centre (MEIC) http://research.ocadu.ca/meic/home is a not-for-profit association that supports design leadership, experience innovation and applied research in Canada's mobile and wireless industries. MaRS Incubator http://www.marsdd.com/facilities/office-facilities/incubator/ is a not-for-profit corporation that works closely with entrepreneurs to help turn their science and technology innovations into viable early stage businesses. It's not just a concept, it's also a physical space, a cluster of buildings housing research labs, offices, venture capital firms, incubator facilities, and community organizations to support them. JOLT http://marscommons.marsdd.com/how-we-help/jolti Is a technology accelerator dedicated to building high-growth web and mobile companies The four-month program works closely with entrepreneurs from initial product launch through the next stage of company development and fundraising. George Brown College Digital Media and Gaming Incubator http://www.gaminginc.ca/ supports the city’s digital sectors by providing affordable space, business and professional services, technology and human resources. The incubator shares space with the School of Design’s digital programs, occupying 2000 square feet in a 26,000 square foot facility. Seneca College Centre for Development of Open Technology http://cdot.senecac.on.ca/ provides a physical and virtual environment for the development and research of open source software through collaboration with Seneca, the open source community, business, and other institutions.
  • 16. Supporting the Growth of Emerging Technologies The Ontario Emerging Technologies Fund (OETF or the Fund) is a direct co-investment fund established by the Province of Ontario in 2009. The $250 million fund co-invests alongside qualified investors into innovative, high-growth, private, Ontario companies. OETF is designed to respond to the challenges faced in raising capital by innovative, private, Ontario-based companies in the clean technology, life sciences and advanced health technologies, and digital media and information and communications technology sectors. Qualified Investors Include • Celtic House Venture Partner • JLA Ventures • Summerhill Venture Partners • Vertex Venture Capital • BlackBerry Partners Fund Source: http://www.ocgc.gov.on.ca/site/en/
  • 17. Digital Related Education Programs NUMBER OF PROGRAM TYPE PROGRAMS ~ ENROLLMENT Game 14 712 Animation 22 1,083 Graphic Design 14 2,118 Media Inc. Film 29 2,792 Other 4 432 Software Engineering (College) 6 216 Computer Science (University) 43 7,843 Computer Engineering (College) 6 1,049 Computer Engineering (University) 10 715 Computer Programming (College) 26 1,460 Grand Total 174 18,420 Source: Ontario Technology Corridor. 2011
  • 18. Competitive Cost Location for Software Development • Toronto offers among the lowest annual location cost’s among selected peer regions • The index number expresses the total operating costs, including taxes, for each city in percentage terms relative to the baseline of United States = 100.0 Source: KPMG CompetitiveAlternatives.com Cost Model, 2012, accessed on August 21st, 2012
  • 19. Supportive Government Incentives Scientific Research And Experimental Development (SR&ED) | Canada Revenue Agency http://www.cra-arc.gc.ca/sred/ Largest Source Of Federal Funding For Incentives Widely recognized as one of the most generous R&D incentive programs in the world, claimants can apply for SR&ED investment tax credits (ITC) of 20% of qualified expenditures such as wages, materials, machinery, equipment and some overhead. Ontario R&D Tax Credit (ORDTC) | Ontario Ministry of Revenue http://www.rev.gov.on.ca/en/credit/ordtc/index.html Provincial Top-Up for Revenue Positive Ontario SMEs Provides a 4.5% tax credit based on eligible SR&ED expenses carried out in Ontario. The credit may be used to reduce corporate income tax payable. Any unused credit may be carried back 3 years or carried forward 20 years Ontario Innovation Tax Credit (OITC) | Ontario Ministry of Revenue http://www.rev.gov.on.ca/en/credit/oitc/index.html Provincial Top-Up Available for Ontario SMEs Ontario SMEs are eligible for an additional 10% tax credit where qualifying SR&ED has been performed in Ontario. The OITC can include 100% of current expenses and 40% of capital expenses up to a maximum of $300,000. Ontario Business Research Institute Tax Credit (OBRITC) http://www.rev.gov.on.ca/en/credit/ordtc/index.html Ontario Ministry of Revenue Tax Credits for Working with Universities and Colleges. OBRITC provides a 20% credit for SR&ED expenses incurred in Ontario under an eligible contract with an Eligible Research Institute (ERI) i.e. universities or colleges. Qualifying expenditures are capped at $20 million annually. The maximum annual credit is $4 million. Ontario Interactive Digital Media Tax Credit (OIDMTC) http://www.cra-arc.gc.ca/sred/ Ontario Media Development Corporation A refundable tax credit of up to 40% based on eligible Ontario labour expenditures and eligible marketing and distribution expenses claimed by a qualifying corporation in the creation of interactive digital media products in Ontario.
  • 20. Incorporating a Business in Toronto Incorporation (Subsidiary) Federally Branch office • 25% of a federal corporation’s board of • A branch is an extension of its non- directors are required to be Canadian Canadian parent corporation residents. • Federal corporation requires greater disclosure • A subsidiary, a federally or and filing requirements. provincially incorporated business, is a separate legal entity from its • Federal corporations can headquarter in any parent. Canadian province. • The key distinction between a Provincially branch and a subsidiary is that a branch is not a separate legal • To operate in Ontario, corporations must entity; the non-Canadian either be registered federally or provincially in corporation is subject to liabilities Ontario. incurred by the branch in Canada. • Professional corporations are only available Additionally, the benefits of at the provincial level. incorporating federally or provincially do not apply to a • Ontario corporations require 25% of their branch office. directors to be Canadian residents. 20
  • 21. Business Visas/Immigration Temporary Intra-Company Transfer • Permits international companies to temporarily transfer qualified employees to Canada • Once the business is functional, the employee can apply for Permanent Residency as either a Skilled Worker/Professional or a Provincial Nominee Foreign Worker Process • A positive Labour Market Opinion (LMO) is generally required to hire a temporary foreign worker if an Intra-company Transfer was not obtained. Employees must be paid at equivalent Canadian rates Permanent Provincial Nominee Program Over the last 5 years, Toronto • Employer-driven program applicable to both new received an average of 85,000 investments and expansions to current operations new immigrants per year Skilled Workers and Professionals (Citizenship and Immigration Canada, RDM, Preliminary 2011 Data) • Applicants must have an offer of permanent, full-time employment 21
  • 22. CONTACT Nikki Holland Vice President, Public Affairs Office: 416-981-3890 Cellphone: 647-285-4273 nholland@investtoronto.ca www.twitter.com/invest_toronto www.investtoronto.wordpress.com