Why are so many Hollywood productions filmed in Canada?

Building on the discussion today on the “Canadianness” or lack thereof of programs produced in Canada, I am reminded of discussions from my undergrad in film studies of how a surprising amount of (Hollywood and other) movies and programs are filmed in Canadian cities. What is the reason behind this? I identify two reasons.
1. The actual aesthetics of Canadian cities and its genericness. With editing techniques, it is easy to construct imaginary spaces and pass off Canadian cities as other places. Toronto is often filmed as New York (think Suits) and Vancouver as San Francisco/other west coast cities.
2. Policy and economic reasons. I remember learning about the tax incentives for co-productions and filming on location in Canada. The Canadian government heavily funds the film industry here which incentivizes filming and production in Canada. Here is a link on the many funding available from the federal government: https://www.canada.ca/en/canadian-heritage/services/funding.html
Of particular note on this topic is the Canadian Film or Video Production Tax Credit and Film or Video Production Services Tax Credit.
Given these initiatives which encourages production in Canada, I don’t think that it makes sense for the focus of “Canadianness” to be on content/culture, especially as it seems that the economic based branch has to a large extent worked and the content focused branch has not. I could be wrong on this but I feel like Canadian productions and coproductions are often seen and highly grossing while this is not so for “Canadian content” in the literal sense — the only time I view NFB curated content is when I am forced to on flights.

ps. I thought it was fitting that Robarts library (the main and largest library in the University of Toronto) was used as a prison in Resident Evil: Afterlife.

https://torontoist.com/2013/01/reel-toronto-resident-evil-sequels/

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