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Cost of Business

By riley on May 22, 2019 0 Comments • Tags: #alberta #business #calgary #development #tax

The City of Calgary is within the scope of the Province of Alberta. Because Alberta has no payroll tax, no provincial sales tax, free health care, low personal income tax rate, and the lowest fuel tax among others, it is also a great place to establish businesses because of its infrastructures, various industries, growing population, skilled workers, and investment opportunities.
Since 2015, the general Alberta corporate income tax rate is 12 percent while the income tax rate of small industries and businesses with earnings reaching up to $500,000 is reduced to 3 percent.
The total corporate income tax rate, including the provincial or federal corporate income tax rate in Calgary, is 27 percent for general industries and businesses and 14 percent for small …