Competitive corporate taxes
Alberta has one of the most competitive tax environments in North America. It is the only province that does not have a provincial retail sales tax and there are no provincial capital or payroll taxes, which are common in many other provinces and U.S. states.
The combined federal/provincial corporate income tax rate is 25% for general businesses and 14% for small businesses and a competitive corporate tax rate is in place for manufacturers.
|Province||General||Mfg & Processing||Small Business|
|Newfoundland & Labrador||14.0||5.0||4.0|
|Prince Edward Island||16.0||16.0||1.0|
|State||General||Mfg & Processing||Small Business|
Rates as of April, 2013.
- The small business rate is the effective tax rate for US $500,210 (comparable to the Canadian threshold of Cdn $500,000)
- The small business income threshold for Nova Scotia and Manitoba is Cdn $400,000. For all other provinces the small business income threshold is Cdn $500,000
Source: Canada Revenue Agency, PWC Tax News Network and Federation of Tax Administrators
Every Job in Alberta Infographic
This infographic shows an estimate of the total number of jobs in Alberta by sector.
Read reviews, presentations, and reports and stay up to date on Alberta's economy.
Date Updated: Mon, 09 Sep 2013 01:55:24