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BC manufacturers enjoy income tax rates comparable to or better than competing jurisdictions in Canada and the US west coast: 22.12% federal, 13.5% provincial, and 0.0% local
Other tax advantages include:
 10% corporate income tax credit for qualified R&D expenditures (both capital equipment and current expenditures) on top of generous 20% tax credits against federal taxes. 100% exemption from provincial sales tax for production machinery and equipment used in manufacturing and software development - 100% exemption of machinery, equipment and other non-real estate assets from local property taxes
- NO PAYROLL TAXES (unlike Ontario, Quebec, and many US states)
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Labour profile in brief:
- Approximately 1,500 people are employed in the industry; this is expected to double by 2005.
- 91% of companies report average age of employees is between 26 and 40 years.
- 71% of employees have university level or higher education.
- 72% report average salaries over CDN$50,000 per year.
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Industry specializations are broken out into the following categories:
Research & Development Support
- 375 patents filed
- New Media Innovation Centre (NewMIC) - a collaborative research facility that is a joint initiative of industry, academia and provincial/federal governments; NewMIC educates students and supports R&D, and new ventures.
- 4 major educational institutions: Simon Fraser University, University of British Columbia, Universityof Victoria / BC Institute of Technology
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We are home to established world leaders such as:
And to up-and-coming innovators such as:
"BC has all the core ingredients for a thriving wireless industry, including a well-educated workforce, significant private investment, a focus on developing new products and technologies, as well as accessing new markets. A large number of industry members have completed significant collaborations with other companies in the industry." 2002 BC Wireless Industry Survey, WINBC (PDF)
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