A Better Bottom Line

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

Why Halifax?

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 CAD

(gross) per square foot or less for Class-A office space across Halifax

$7-8 CAD

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

$319,848 CAD

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


Rental & Transportation Costs

Rental Costs

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

$975

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

$740

Average monthly rent: 3 bedroom (city centre)

$1,451

Average monthly rent: 3 bedroom (outside city centre)

$986

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.

Transportation Costs

Public Transportation (Bus, Ferry)

Single Fare

$2.50

Monthly Pass (average)

$78.00

Taxi

Taxi Start (normal tariff)

$3.20

Taxi 1 km (normal tariff)

$1.70

Taxi 1 hour waiting (normal tariff)

$26.80


Provincial Taxation

Source: Nova Scotia Department of Finance

CORPORATE INCOME TAX

General Rate: 16.00%
Manufacturing: 16.00%
Small Business: 3.00%



CORPORATE CAPITAL TAX

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

Lower tax burdens. Lower costs.

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.

Reach out to us

Holly Bond

Director, Investment Attraction

+1-902-402-0286

Connect with our team.

Considering Halifax as your next business location? Please tell us more about your expansion plans.

Thank you for reaching out to the Halifax Partnership, Halifax's economic development organization.

We will review your email and get back to you as soon as possible.

-Holly Bond

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