 |
The cost of doing business in British
Columbia can be significantly lower than in the United
States. Labour, power and facility costs are generally
lower; so is the effective corporate income tax rate.
Compared with the west coast of the
United States, total annual operating cost savings of up
to 20 per cent can be achieved in industries such as
software development, biotechnology R&D, electronics
design and manufacturing, and bio-products manufacturing.
Exchange rate for cost
comparisons: US$1 = CAD$1.11
|
|
| Vancouver, British Columbia |
|
100 |
|
100 |
| San Diego, California |
|
109 |
|
107 |
| San Jose, California |
|
114 |
|
118 |
| Seattle, Washington |
|
106 |
|
108 |
|
|
|
|
| Vancouver, British Columbia |
|
100 |
|
100 |
| San Diego, California |
|
118 |
|
119 |
| San Jose, California |
|
123 |
|
123 |
| Seattle, Washington |
|
113 |
|
111 |
|
|
|
|
*The index shows how much it would cost to operate in
selected locations for every $100 of location-sensitive in Vancouver.
Location-sensitive costs include: labour, power facilities,
and taxes.
Source: KPMG Competitive Alternatives Cost Model; Ministry
of Economic Development, 2006
|
|
| Vancouver, British Columbia |
|
30.4% |
|
17.1% |
| San Diego, California |
|
38.7% |
|
31.5% |
| San Jose, California |
|
38.2% |
|
----*** |
| Seattle, Washington |
|
33.3% |
|
24.5% |
|
|
|
|
| Vancouver, British Columbia |
|
**0.0% |
|
27.9% |
| San Diego, California |
|
25.0% |
|
33.1% |
| San Jose, California |
|
24.2% |
|
32.4% |
| Seattle, Washington |
|
24.1% |
|
28.8% |
|
|
|
|
*Income taxes, net of available tax credits, as a share
of pre-tax income
**R&D tax credits eliminate all income tax liabilities
***No tax payable due to
lack of profitability
Source: KPMG Competitive Alternatives Cost Model; Ministry
of Economic Development, 2006
Exchange rate for cost comparisons: US$1 = CAD$1.11
|
|
Vancouver,
British Columbia |
|
$96,930
|
|
$72,680
|
|
$82,590
|
|
$76,120
|
San Diego,
California |
|
$99,730
|
|
$75,150
|
|
$86,970
|
|
$80,790
|
San Jose,
California |
|
$113,130
|
|
$85,290
|
|
$98,180
|
|
$91,350
|
Seattle,
Washington |
|
$105,420
|
|
$80,290
|
|
$92,230
|
|
$85,430
|
|
|
|
|
*Salaries, payroll taxes and benefits
Source: KPMG Competitive Alternatives Cost Model; Ministry
of Economic Development, 2006
|
|
| Vancouver, British Columbia |
|
4.3 |
|
3.2 |
| San Diego, California |
|
12.5 |
|
9.4 |
| San Jose, California |
|
10.7 |
|
8.1 |
| Seattle, Washington |
|
5.5 |
|
5.3 |
|
|
|
|
*1 MW demand (56% load factor)
**50,000 kVA (85% load factor)
Source: KPMG Comptetive Alternatives Cost Model:
Ministry of Economic Development, 2006.
US$ per Square foot
|
|
| Vancouver, British Columbia |
|
$44 |
|
| San Diego, California |
|
$45 |
|
| San Jose, California |
|
$53 |
|
| Seattle, Washington |
|
$45 |
|
|
|
|
|
Source: Marshall and Swift, 2006
US$ per square foot
|
|
| Vancouver, British Columbia |
|
$21.60 |
|
| San Diego, California |
|
$31.20 |
|
| San Jose, California |
|
$24.00 |
|
| Seattle, Washington |
|
$20.00 |
|
|
|
|
|
Source: KPMG Comptetive Alternatives Cost Model: Ministry
of Economic Development, 2006.
|
|
