Peterborough & the Kawarthas offers affordability as a place to live and to work.
With a wide array of government incentive programs and services offered in Ontario, locating your business here in Peterborough & the Kawarthas allows you to take advantage of competitive corporate tax rates and helps your business save on costs associated with research, development and innovation; labour costs; and start-up and expansion activities. The general corporate income tax rate in the Province of Ontario is 11.5 percent. The Ontario small business deduction (SBD) allows Canadian-controlled private corporations (CCPCs) to reduce the income tax rate on their first $500,000 of active business income to 4.5 percent.
Looking to build?
Here’s what can you expect in terms of average land costs for your business.
- City Owned Industrial Land: $100,000 per acre
- Private Ownership Industrial Land: $175,000 per acre
- Major corridor Commercial Land: $500,000 per acre
Looking to Lease?
Here is what you can expect for approximate property costs.
|Type of Property||Net Rent||TMI|
|Industrial||$6.50 to $7.00 per sq. ft||$4.00 sq.ft|
|Office Space||$12.00 sq. ft (existing)||$7.00 to $8.00 sq.ft|
|Office Space||$18.00 sq.ft (to build)||$9.00 to $10.00 sq.ft|
|Downtown Office Space||$8.00 to $12.00 sq. ft||$5.00 to $7.00 sq.ft|
|Mall Retail||$22.00 to $25.00 sq.ft||$9.00 sq.ft|
|Restaurant||$19.00 to $21.00 sq. ft||$9.00 sq.ft|