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Business Costs

The KPMG Competitive Alternatives report (2014) stated that Toronto "ranked ahead of all the large U.S. cities," 4th in North America, and 6th worldwide in business cost competitiveness when compared to 41 other large metropolitan regions.

The same report ranked Canada as a cost leader among nine industrialized countries surveyed with the 2nd lowest overall business costs, 7.2% lower than in the U.S.

See the following tables for Toronto’s business cost competitiveness against key expense items:

Overall Cost of Doing Business: City-Level Benchmark
/Competitive-Advantages/Business-Costs/Overall-Cost-of-Doing-Business--City-Level-Benchma.aspx

Labour Costs

Toronto is a low-cost jurisdiction that offers access to high quality inputs and an outstanding talent pool. The 2010 Competitive Alternatives study by KPMG ranked Toronto 3rd in North America and 6th worldwide in business cost competitiveness when compared to 41 other large metropolitan regions.

The following tables illustrate Toronto's placement against its chief competitors.

Overall Cost of Labour: Country-Level Benchmark
/Competitive-Advantages/Business-Costs/Overall-Cost-of-Labour--Country-Level-Benchmark.aspx
Provincial, Federal and Combined Corporate tax rate as of 2012.
Table shows the average hourly wage of employs, the average length of the work week and the annualized earnings by occupational grouping.
Table shows the change in average wage/hour in the Toronto region compared to the national average over a 10 year period.
The cost of gas to commercial and industrial users broken down by cost component.
Quarterly interest rates, 3-month bankers acceptance, long-term bond rate and week effective business interest rate since July 2007.
The data indicates the cost of electricity based on general usage.
Square footage and cost of commercial real-estate in Toronto as of Q1, 2011.
Graph compares the cost of doing business in Canada to other developed countries.
Graph benchmarks the cost of doing business in Toronto relative to other cities.
Graph benchmarks the cost of facilities in Toronto relative to other cities.
Graph benchmarks the cost of labour in Toronto relative to other cities.
Cost of labour in Canada compared to other developed countries.
Graph benchmarks the cost of Utilities in Toronto relative to other cities.
Summary statistics of the office real-estate market in the Toronto region.
Graphs compare business costs in Toronto relative to North American and International peers.
Graph benchmarks the cost of taxes in Toronto relative to other cities.
Cost of water for general users and industrial users based on rate of consumption.
report
Competitive Alternatives 2012
Comprehensive guide for comparing business costs and locations internationally
Year: 2012
Categories: Business Costs
report
Global Office Rent
International comparison of prime office space rent and occupancy costs.
Year: 2009
Categories: Business Costs
report
Global Salary Guide
Comparative international salary information for financial, legal, administrative and creative professional sectors
Year: 2009
Categories: Business Costs, Finance
report
Tax Facts and Figures: Canada 2010
Tax Facts and Figures will help identity and understand the tax rates and tax changes that apply to companies.
Year: 2010
Categories: Business Costs, Incentives & Tax Advantages
report
The Path to Prosperity: Internationally Competitive Rates and a Level Playing Field
In the report the CD. Howe Institute assess the affects of tax reduction policies of both the federal and provincial government in recent years.
Year: 2009
Categories: Business Costs, Incentives & Tax Advantages
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