The Calgary Region is among the most competitive places in the world for establishing and operating a business, including a business-friendly taxation system dubbed the “Alberta Advantage”:
- No provincial sales tax
- No provincial capital taxes or payroll taxes
- No provincial machinery or equipment taxes
Learn about Alberta's most important economic indicators for business through the Alberta Economic Dashboard.
- Highest economic growth rate among Canadian provinces at 3.4% per year over the last 20 years.
- Highest investment per capita in Canada. At $23,461 in 2011, per capita investment in Alberta is double the Canadian average ($10,758 per capita). Total investment in 2009 was $85 billion. Investment in the province has increased by 400% in the last decade.
- Exports of $93.0 billion in commodities to 192 countries in 2011, representing an increase of 18.3% over 2010 ($77.8 billion).
- Rapidly growing manufacturing base with shipments worth $71 billion in 2011
- Third largest petroleum reserves in the world, after Saudi Arabia and Venezuela. Total crude oil and equivalent production is expected to reach 3.1 million barrels per day by 2018 (Src: ERCB, June 2009). Production of 68% of Canada’s crude oil and 81% of its natural gas in 2009.
- Highest average personal disposable income in Canada ($36,500 in 2009)
SKILLED AND PRODUCTIVE WORKFORCE
- In 2010, 63.7% of Alberta's labour force aged twenty-five years and older reported holding a university degree or post-secondary diploma or certificate.
- Education and Training Facilities - 268,000 full and part-time students are enrolled in the public post-secondary education system, 70,000 registered apprentices in 50 trades and 9 designated occupations.
- High Productivity – In 2011, total value added per hour exceeded the Canadian average by 18%.
- Competitive Labour - wage and salary rates competitive with the rest of Canada and the U.S. When total compensation rates are compared, Alberta provides more of a cost advantage compared to the U.S., largely because of publicly funded health care.
LOW PERSONAL AND CORPORATE TAXES
Lowest tax regime in Canada, no provincial sales tax, no general capital or payroll taxes, which is prevalent in other provinces and the U.S.
RESEARCH & DEVELOPMENT/BUSINESS SUPPORT
Ten per cent refundable provincial tax credit (worth up to $400,000 annually per company) for scientific research and experimental development, encouraging research and development in Alberta.
QUALITY OF LIFE
Shaped by investment focus on education and healthcare, diverse recreation opportunity, skilled employment opportunity, diverse geography, low crime, clean air and water.
One on the most multi-national and multi-cultural provinces in Canada (one in six Albertans born outside Canada)
Advanced communications, education, R&D, competitively priced real estate. Highly efficient and competitive transportation and logistics system to support growth as a major exporter of primary commodities and manufactured products to the global marketplace.
Source: Government of Alberta