Someone mentioned elsewhere in the thread that Canada has high taxes and a difficult bureaucracy. If Canada's government is business-unfriendly and their closest neighbor and competitor is the USA, then Canada might face a lack of people with talent for business. As in, the sort of person who would pump out unicorns would rather move to the US.
Then they would have lots of talented CS people, but nobody to hire them.
Yeah that comments is bullshit. It’s very easy to establish a business in Canada. The bureaucracy is efficient by comparison to most developed countries including the US. The tax authority is not scary like the IRS and the rules are reasonable and easier to understand. The provinces have considerable control over economic policies and taxation, generating competition between regions.
I’ve run tech companies in Canada for over 20 years. It’s a perfectly fine place to do business.
With the U.S. tax changes preventing early stage startups from deducting their employees' salaries from revenue outright, I wonder if we'll start seeing more Canadian-based innovation.
I think historically the thing preventing startups here from taking off was lack of access to capital
I’m guessing that change will be eliminated by congress. It’s sort of an unthinkable disaster that will find a compassionate ear on both sides of the House.
It seemed very intentional. Along with the recent monetary policies I would be surprised if this wasn't another hammer they're intentionally swinging to cause recession
It's very easy to set up a company in Canada. Taxes are an issue, but not that much more than CA or NY.
The issue is that you'll get offers of 75k from angels and 500k from VCs. You go to SF, and before your pitch is done, you have a seed of 1M signed and ready to go.
Someone mentioned elsewhere in the thread that Canada has high taxes and a difficult bureaucracy. If Canada's government is business-unfriendly and their closest neighbor and competitor is the USA, then Canada might face a lack of people with talent for business. As in, the sort of person who would pump out unicorns would rather move to the US.
Then they would have lots of talented CS people, but nobody to hire them.