Business-friendly Environment

Among Toronto’s advantages as a place to do business are its:

Established Industry Ecosystem: Toronto is home to over 800 companies with a total of 38,000 employees; and hosts the headquarters for 50 multinational pharmaceutical, medical device and digital health companies.

Access to a Generous Tax Incentive Program: The Scientific Research and Experimental Development Tax Incentive Program (SR&ED) provides investment tax credits to individuals or corporations that conduct research and development in Canada.

Business Cost Advantage Compared to other Cities: The cost of doing business in Toronto is well below the three major U.S. health sciences clusters (see figure).