With affordable labour costs, energy prices that are among the world’s lowest, reasonably priced rents and one of the most competitive tax rates in North America, Québec has everything companies need to compete on the world stage.
With close to 99% of its energy coming from renewable sources, almost entirely hydroelectric, Québec’s energy rates are not only low: they’re also among the most stable in North America.
Wages in Québec are less than elsewhere in North America, and payroll taxes charged to employers are low.
(KPMG , Competitive Alternatives 2016)
It’s not hard to rent a well-located office or spacious facility for a reasonable price in Québec! Québec beats out the United States, the rest of Canada, Italy and Germany when it comes to low office-space rental costs.
* The G7 countries are Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. From KPMG , Competitive Alternatives 2016 Edition.
Québec businesses benefit from the province’s competitive tax system.