Calgary benefits from a low tax regime: the province of Alberta has no municipal sales tax, provincial sales or provincial general capital tax, and has one of the lowest provincial corporate tax rates in Canada (10%).  In addition, the Canadian corporate tax rate is 21% and the Department of Finance's Tax Fairness Plan proposes to further reduce this rate to 18.5% in 2011. This rate is lower than most U.S. jurisdictions and there is no provincial general capital tax. Calgary businesses also benefit from the fact that Alberta has no inventory tax, no machinery and equipment tax and no payroll tax.

Alberta is the only Canadian province to have a flat personal income tax rate (10%). All other Canadian provinces work on a sliding income scale. In addition, the provincial government is debt-free and Calgary's low tax regime is expected to continue throughout the foreseeable future. Alberta's beneficial tax regime creates an environment in which businesses can operate more profitably, and individuals can retain more of their personal incomes.

In 2006, the provincial government dropped the general corporate income tax rate to 10% from 11.5%, to ensure Alberta's global competitiveness. The small business tax rate is 3%.

Since 2001, the provincial government has cut the small business rate in half and doubled the small business income threshold to $430,000. The general corporate tax rate decreased by 25%. 

• Major Provincial Tax Rates
• Interprovincial Tax and Health Care Insurance Premium Comparison
• Provincial and State Corporate Income Tax Rate Comparison
• Top Marginal Personal Income Tax Rates
• Residential Property Taxes & Utility Charges