Business Climate

Business thrives here

Our federal, provincial and municipal governments have come together to create one of the most cost effective business environments in the world.

Canada leads

Canada is the only G20 economy that ranks in the top 10 countries with low tax rates (2011 Paying Taxes - PricewaterhouseCoopers, World Bank & International Finance Corporation).

KPMG's Competitive Alternatives study of the G8 countries found Canada's tax environment to be the lowest for corporate, information technology and manufacturing industries. Canada also offers the second lowest corporate income tax for research and development operations after Mexico.

Alberta advantage

Alberta has one of the most competitive tax systems in North America. Our province has no provincial capital taxes, no sales tax, a refundable research and development tax credit and a publicly funded health insurance system.

In 2011, combined federal and provincial corporate taxes are 26.5% for general business and 14% for small business. In 2012, the general rate will drop to 25% (Government of Alberta - Economic Development).

Central values

Central Alberta municipalities have no business taxes, low property tax and low utility overhead costs for businesses. In fact, Alberta Venture magazine - one of Canada's most respected business authorities - listed two of Central Alberta's centres as the 25 most supportive communities in Western Canada to set up shop - the City of Red Deer and the Town of Olds.

Contact us to learn more about Central Alberta's competitive business climate.