The Red Deer Region consistently ranks as having the lowest combined property tax and utility overhead costs for business in Canada.

• The municipalities in the Region do not have business taxes.
•  Alberta has one of the most competitive tax environments in North America.
• Alberta is the only province that does not have a provincial retail sales tax.
• The combined federal/provincial corporate income tax rate in April 2006 was 32.12% for general businesses and 16.12% for small businesses.
• Alberta has no provincial capital or payroll taxes, which are common in the rest of Canada and the United States.
  

All corporate residents in Canada are subject to income tax levied upon income earned within the taxation year from all sources, worldwide.

The owners of proprietorships and partnerships are required to record earnings as self-employed income in their personal income tax return. Corporations are required to file a return separate from the owner's personal tax return.

Corporations located in Alberta must submit separate income tax returns to the Federal government and to the Alberta government. Foreign companies with individuals or branches operating in Canada are liable for Canadian income tax on profits derived from their Canadian business operations.

For further information on Alberta Corporate Tax, contact Alberta Finance.