According to a KPMG/MMK Consulting study, Canada is a highly cost effective place in which to undertake IT development. As reported by ITBusiness.ca, the study measured the economic attractiveness of 11 countries using the US as a baseline.
For example, in IT research and development, Canada was first overall, with a 21% cost advantage over the US, followed by Australia.
Some of the factors contributing to the favourable Canadian ranking were a skilled work force which, in relative terms, is quite cost effective, R&D tax incentives from the federal government, and relatively low real estate and office costs.
The results of the research will be used by the Canadian government to promote Canada as a highly attractive nearshoring option for American firms.
For the news item from ITBusiness.ca, see:
http://www.itbusiness.ca/index.asp?theaction=61&lid=1&sid=56437.
For a description of the study and how to access it, visit:
http://www.mmkconsulting.com.
Summary by: The Editor
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