A Better Bottom Line

Halifax provides businesses and talent excellent value at very competitive costs.

Competitive Landscape

Halifax ranks in the Top 10 of the 50 largest cities in Canada and the US for cost competitiveness across our five key sectors (fdiBenchmark). We also offer incentives to meet a variety of business development needs.

Competitive Advantages

$30.55 CAD

(gross) per square foot or less for all-class office space across Halifax

$15.45 CAD

(gross) per square foot for industrial real estate options near downtown in the largest business park east of Montreal

$550,605 CAD

average resale price of a single-family home in Halifax - well below both Canadian and US figures

Nancy Phillips's Photo

Nancy Phillips
Vice President, Investment & International Partnerships

Interested in Halifax?

If you're looking to grow your company, competitive business costs are a key consideration. Halifax offers a highly competitive business environment at a favorable cost for companies. To learn more about the cost advantages of doing business in Halifax connect with our team.

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Nancy Phillips

Vice President, Investment & International Partnerships

Interested in Halifax?

If you're looking to grow your company, competitive business costs are a key consideration. Halifax offers a highly competitive business environment at a favorable cost for companies. To learn more about the cost advantages of doing business in Halifax connect with our team.

Rental & Transportation Costs

Rental Costs

Average monthly rent: 1 bedroom (city centre; e.g. Halifax Peninsula)

$1,460

Average monthly rent: 1 bedroom (outside city centre; e.g. Dartmouth)

$1,247

Average monthly rent: 3 bedroom (city centre)

$2,375

Average monthly rent: 3 bedroom (outside city centre)

$1,747

Source: CMHC Housing Now & Rental Market Data Tables 

Visit the Canadian Mortgage & Housing Corporation's (CMHC) website to get a free copy of the Newcomer's Guide to Canadian Housing. Source: CMHC Rental Market Report - October 2023

Transportation Costs

Public Transportation (Bus, Ferry)

Single Fare

$2.75

Monthly Pass (average)

$82.50

Taxi

Taxi Start (normal tariff)

$4.70

Taxi 1 km (normal tariff)

$1.75

Taxi 1 hour waiting (normal tariff)

$30.00


Provincial Taxation

Source: Nova Scotia Department of Finance

CORPORATE INCOME TAX

General Rate: 14.00%
Manufacturing: 14.00%
Small Business: 2.50%



CORPORATE CAPITAL TAX

General Rate: Eliminated
Financial Services: 4.00%
Payroll Tax: Nil

Lower costs. Targeted Incentives.

Whether starting, relocating or expanding a business, we have incentives to meet your needs. The Halifax Partnership can help you identify the best business incentives for your relocation, expansion, or innovation, and assist you in navigating the incentives process.

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