Taxation
Competitive Corporate
Taxes
- Alberta has one of the most competitive business tax
environments in North America. The combined federal provincial
corporate income tax rate was 28% in 2010, the lowest in the
country.
- By comparison the combined average federal/state corporate
income tax rate in the United States is 39.1%.
- In 2006, the Alberta government reduced its general corporate
income tax rate to 10%. The Government of Canada is also reducing
the general corporate income tax rate to 15% by 2012.
- The new income tax rates for Alberta combined with no
provincial capital taxes or taxes on financial institutions, no
payroll taxes, no sales tax, and a publicly funded health-care
system makes Alberta's tax environment very competitive.
- In 2009, Alberta's health care premiums were eliminated.
Provincial Corporate Income Tax Rates
(per cent)1
| Province |
General |
Manufacturing &
Processing |
Small Business |
| Alberta |
10.0 |
10.0 |
3.0 |
| British Columbia |
10.5 |
10.5 |
2.5 |
| New Brunswick |
11.0 |
11.0 |
5.0 |
| Québec |
11.9 |
11.9 |
8.0 |
| Manitoba2 |
12.0 |
12.0 |
1.0 |
| Saskatchewan |
12.0 |
10.0 |
4.5 |
| Ontario3 |
12.0 |
10.0 |
4.5 |
| Newfoundland & Labrador |
14.0 |
5.0 |
5.0 |
| Prince Edward Island |
16.0 |
16.0 |
1.0 |
| Nova Scotia |
16.0 |
16.0 |
5.0 |
| Federal |
18.0 |
18.0 |
11.0 |
1 Rates as of May 31, 2010 unless otherwise
noted.
2 Small business rate to be reduced to 0 per cent by
December 1, 2010.
3 Effective on July 1, 2010.
Low Personal Taxes
- Alberta's personal tax advantage results from a low single rate
tax system, no general sales tax, and the lowest gasoline tax in
the provinces.
- Albertans pay low personal income taxes, with the lowest top
marginal income tax rate and the highest basic and spousal credits
in Canada. The overall tax burden on individual Albertans is the
lowest of any province in Canada.
Mill Rates - 2011
A mill rate is the amount per $1,000.00 that is
used to calculate taxes on property. The mill rate is multiplied by
the total taxable value of the property to arrive at the property
taxes due.
Residential,
3-acre acreages |
Industrial
and Commercial |
Farmland |
| City of Leduc |
8.511 |
13.712 |
- |
| Leduc County |
5.47 |
10.82 |
13.58 |
| Town of Beaumont |
7.6299 |
11.4279 |
7.6299 |
| Town of Calmar |
10.9723
17.5392-vacant |
19.3138
13.6577-vacant |
same as residential |
| Town of Devon |
7.6724 |
12.3411 |
7.6724/ 13.58 for
annexed farmland |
| Village of Thorsby |
11.7457
35.00-vacant |
22.9592 |
11.7457 |
| Village of Warburg |
10.2 |
18.5 |
10.2 |
Source: Individual municipalities, as
of May 2011