Competitive Costs

Competitive Costs

Located on the western edge of the Greater Toronto Area (GTA) in Canada's economic heartland, Halton Region offers a great deal for commerce and industry. Companies not only enjoy access to major markets in the region; they also benefit from some of the most competitive business costs in the GTA as well as tax credits and incentive programs to help them become more profitable and competitive on the world stage.

51%
Half of Halton businesses expect increased profits in 2017. That's good news.

Halton: The right GTA region to keep business costs in check

Successfully attracting new business investment requires the right combination of qualitative and quantitative factors. Halton's location on the western fringe of the GTA ranks among the best places to live in all of Canada, providing companies with premium access to markets and talent. Businesses also benefit from available and competitively-priced land, rents, development charges and property taxes.

See how well Halton stacks up against neighbouring municipalities:

Industrial and Commercial Property Tax Rates

Halton has one of the best records in Canada for keeping taxes low while maintaining and enhancing service levels. In fact, we are one of the few regional municipalities in Canada that has actually reduced taxes. More information about Industrial and Commercial Property Tax Rates

Market rents

Halton's average office rent ($17.39 per sq. ft) is lower than the Greater Toronto Area average ($17.69).
Source: CBRE (note: from 2015 Economic Review)

Development charges

Halton Region's non-residential, non-retail development charges decreased approximately 25 per cent in 2012.

Overall cost of development

The overall cost of development takes into consideration land and construction costs, development charges, property taxes and developer profits. These factors are annualized over a 25-year period to provide an average annualized cost.

North Halton municipalities, located along Highway 401, have among the lowest annual office and industrial development costs in the Greater Toronto and Hamilton areas.

Lower business costs in Ontario, Canada

A key advantage Halton companies have is the lower costs of doing business in the Province of Ontario. Canada ranks second among 10 industrialized nations studied. Business costs here are 14.6 per cent lower than in the United States. (Source: KPMG Alternatives 2016 (external PDF)).

Research and development

Ontario's R&D tax incentives are among the most generous for industrialized countries. The provincial tax program can reduce the after-tax cost of every $100 spent for R&D in the range of $61 to $37, when combined with federal R&D tax incentives. To find out more, go to Invest Ontario's Innovation page (external link)

Corporate taxes

Ontario's corporate income tax rate (CIT) - provincial and federal combined – is 26.5 per cent, lower than the average of G8 and G20 countries and lower than the average federal-state CIT rate in the United States. Find out more on Invest Ontario's website (external link)

Incentives

The provincial and federal governments provide a number of tax credits and incentive programs to further support business investment and growth. Contact us for further information about possible incentives for your business or download the Tax Incentives and Funding Programs for Business (PDF file).

Economic Development team – for information on Halton's competitive costs

Speak with a member of Halton's Economic Development team for information on cost advantages: from lower development charges to government incentives. With our knowledge and our contacts, we can provide the full range of support services and essential information on access to major markets, economic trends, incentive programs, labour force, hiring, business costs, infrastructure, real estate and lifestyles.

For more information about Halton or to get connected to opportunities, contact us.