Utilities & Taxes

Structure

All businesses operating in Alberta are subject to three levels of taxation: municipal, provincial and federal. Alberta has one of the lowest overall tax systems in Canada boasting:

• No provincial sales tax
• No provincial general capital tax or payroll taxes
• No machinery & equipment tax

The corporate income tax rate in Alberta is being restructured, with a target of 8%. Once achieved, the combined federal/provincial corporate income tax rate would be less than 30.1%, making Alberta one of the most competitive business tax environments in North America.

Corporate income tax rates vary, depending on the type of business and its net income. As of April 2004, the combined federal/provincial corporate income tax rate is 33.62% for general business and 16.12% for small business. The small business threshold (the amount of income eligible for the small business tax rate) increased from $350,000 to $400,000 as of April 1, 2003.

Mill Rates

City of Leduc Residential - 7.638 Non-Residential - 13.905 Town of Beaumont Residential - 11.49 Condominium - 11.12 Commercial - 14.19 Municipal - 7.54 Town of Calmar Residential - 14.924 Non-Residential- 30.631 Village of Warburg Residential - 22.00 Non-Residential - 27.50

Leduc County Farmland - 12.01 Residential - 5.09 Industrial /Non-Residential - 9.72 Town of Devon Residential and Farmland - 11.19 Non-Residential and Linear - 15.80 Machinery & Equipment - 9.15 Village of Thorsby Residential - 18.05 Non-Residential - 25.72 Municipal- 20.00 Village of New Sarepta Residential - 15.84 Non-Residential - 20.06

Please check back soon for more information!