1. Toronto, Canada
Toronto takes the top spot, with the Canadian city’s low corporate tax rate coupled with lower overall operating costs for businesses and a high working-age population meaning it’s the ideal city for both fledgling and multinational organisations.
Meanwhile, many startups have begun migrating from the US to take advantage of the talent pool on offer in the city as well as Canadian prime minister Justin Trudeau’s offer of increased funding for innovation.
Since 2012, Canada has improved its cost competitiveness over the US by more than 10 percent, now offering a 14.6 percent cost advantage.