3 ms·
> There is also, of course, no health insurance benefits to worry about. Uhh, we don't have universal coverage for everything health up here, we still have pri
by sbarre 9mo ago
> There is also, of course, no health insurance benefits to worry about.
Uhh, we don't have universal coverage for everything health up here, we still have private benefits that our employers pay for as part of our compensation plans.
Life insurance, dental, vision, prescriptions, physio, mental health, critical illness etc..
It might be less than in the US, but it's not "no health insurance benefits to worry about".
- jleyank 9mo agoWell, it's fully possible to be self-insuring in these areas. Prescription assistance is probably the one significant benefit as physio, mental health and the like can be of limited reimbursement (judging from what I've seen). The key issue is that the core of one's health insurance is not dependent on the employer or even being full-time employed. This provides tremendous flexibility. And I suspect not having things like pregnancy being seen as preexisting conditions is a big win for parents-to-be. Age or low-income (I think) provide provincial or federal assistance independent of employment also. Medical expenses are also far easier to deduct on taxes in Canada vs. the US.
- tptacek 9mo agoDoesn't it seem likely that tax treatment has more to do with this than benefits? People are reading this like YC isn't investing in companies HQ'd in Canada, but there's no evidence of that! I look at a set {US, Singapore, Cayman} and what I think is "this is about taxes". Maybe especially tricky for YC since such a huge fraction of their portcos are pre-revenue.
- jleyank 9mo agoThe key question is whether they make non-US-ians move to the Valley to participate. Or, rephrasing, leave their home country to move to whichever piece of YC is cutting the check.
- tptacek 9mo agoAgain: there were 4 countries, total, in the standard YC deal terms. Now there are 3. There are many hundreds of YC companies headquartered overseas. The standard move in this situation is that you form a US Delaware C Corp and make your HQ a subsidiary.
- walterbell 9mo agoDelaware vs. Cayman for LatAm startups: https://news.ycombinator.com/item?id=46686745 https://news.ycombinator.com/item?id=46686745
- sbarre 9mo agoYou are correct but I think you missed the point of the post I was responding to, which was claiming that employers don't need to worry about paying for health insurance for employees in Canada, which is inaccurate.
- jleyank 9mo agoYou can get by without private health insurance in Canada. This is not the case in the us.