Economic Indicators and Incentives for Doing Business in Quebec City
- Unemployment (1H09) = 4.8%
(vs. 8.3% for Quebec Province and 8.0% for Canada)
- Jobs (1H09) = +2,700 compared to 1H08
- GDP (avg annual growth 1Q07–09) = 3.3% (vs. 0.7% for Quebec Province and 0.5% for Canada)
- Per capita personal income growth (1Q07–09) = 4.9% (projected 2.8% in 2010)
- Capital investment growth (2004–2009) = 47.4% (vs. 24.8% for Quebec Province)
- Typical business start-up and operating costs = $14.06 million (vs. an average of $14.35 million for Canada and $15.19 million for the U.S.)
- Effective tax rate for manufacturing companies = 30.90% (vs. 44.41% for New York and 40.75% for California)
- Refundable tax credits include: 17.5% of R&D salaries paid in Quebec; 35% of eligible R&D expenditures at accredited research centers