The team at Focus.com has provided a fun infographic about the operating costs for a startup in New York versus San Francisco.
Toronto for Comparison
- Coporate Income Tax Rate – Small Business 15.5%
- Canada – 11%
- Ontario – 4.5%
- Salaries for Employees
- Software Engineer – $75,000
- Executive Assistant – $35,000
- Graphic Designer – $50,000
- Project Manager – $75,000
- Web Developer – $55,000
- Personal Income Tax – 31.15% (assumes range from $40k-$81k)
- Federal – 22%
- Ontario – 9.15%
- Cost of Office Space – $1.67/square foot/month ($2o/square foot/year) (using general listing for A grade space from OfficeZilla)
- Cost of Utilities/Taxes/etc – $12/square foot/year ($1/square foot/month)
All in all we’re not too bad.
