You're allowed to start a company in Canada, you know. ;-)
I'm also curious to know if a startup's burn rate would be lower in Canada than in the bay area.
Compared to SV your burn rate could be lower because salaries are lower and you can get significant government funding (sometimes you get back most of the salary paid to some employees, see SR&ED and IRAP).
When it comes to the ecosystem, especially mentors and angels / VCs, SV wins big time.