How it's done
The business climate is the general economic environment that local businesses operate in. Reviewing and understanding the local business climate provides valuable insights about the economy, costs, risks, and incentives that may impact the success of your business. This activity will guide you to better understand the business climate in Greenview and help you answer the following fundamental questions.
What is the business climate in Greenview?
We have compiled the most important aspects of Greenview’s business climate as an interactive dashboard below. This dashboard provides valuable economic, resident, household, dwelling and development indicators that may influence the success of your business.
What costs and assistance should I know about?
Whether you have a new or existing business it is critical to be aware of costs, incentives and grants that impact your business. This dashboard provides you with a snapshot of the major costs of conducting business in Greenview and assistance available to Greenview businesses.
Greenview has one of the lowest commercial and industrial tax rates in Alberta, providing a definite competitive edge in the province. Click here to learn more about Greenview taxation process.
Compared to other provinces, businesses in Alberta enjoy a distinct advantage when it comes to corporate income taxes. With no provincial sales tax, no payroll tax, no health care premiums, lower personal income tax rates and the lowest fuel tax among provinces, Alberta continues to be a great destination to do business. Thanks to its infrastructure, strong urban growth centers, increasingly diverse economy, growing population and lucrative investment opportunities, it is clear why Alberta consistently has the highest growth amongst the provinces and territories.
As of July 1, 2019, the general Alberta corporate income tax rate is 11%. The Alberta small business income tax rate is 2% for eligible small businesses with income up to $500,000. This is the second lowest rate across the nation and is the same as in the Province of Saskatchewan.
The Alberta government also offers additional tax credits to encourage capital investment into a wide variety of sectors.
Greenview’s Planning and Development department provides assistance and information to facilitate planning and development within the region.
Greenview’s new Grovedale Area Structure Plan (2018) is a high-level concept plan to help guide development within the Grovedale area.
Click here to learn more about our wide range of planning services.
The Grande Cache Land Use Bylaw No. 799 and Land Use District Map provides details of specific land use districts and regulations with the hamlet. Click here to learn more about developing in Grande Cache.
For more information, please contact our Planning & Development Department at 780-524-7600 or email our Planning and Development Manager.
Greenview’s wage and salary rates are competitive within the province and with the rest of Canada and the United States. When total compensation rates are compared, Alberta provides a significant cost advantage compared to the U.S., largely because of publicly funded health care.
Detailed wage and salary information for over 400 occupations in Alberta is available here.
Greenview, Alberta is one of the most affordable places in Canada to live. Here’s a look at some of the financial benefits of life in Alberta.
Families in Alberta typically enjoy a higher family income than other parts of Canada. Median total single-family household income is $141,755. Also, 50.1% of household incomes are equal to or greater than $125,000. With Greenview’s diverse and robust economy, residents in the region often enjoy even higher family incomes than other parts of Alberta and Canada, and have more disposable income.
Lower cost of living
Alberta offers many cost-of-living advantages:
- no provincial health-care premiums
- no provincial sales tax (PST)
Residents in every other province pay up to 10% in addition to the Goods and Services Tax (GST) paid by all Canadians
- Tax rebates and credits are available to further help with your finances.
You can compare how Canadians spend their incomes in major cities here.
Owning your own home is more affordable in Alberta than in many other Canadian cities. Alberta housing prices are among the lowest when compared to equivalent cities in British Columbia or Ontario. And, in northern Alberta, including Greenview, there is a large variety of housing available and many lifestyles to choose from.
Every year, people from across Canada and all over the world choose Alberta as an ideal place to work and live. Alberta's high standard of living, welcoming and inclusive communities, and beautiful landscapes make it a wonderful place to call home. Communities in Greenview each have their own unique signature, and all enjoy a family-friendly lifestyle that has made this area a desirable place to call home.
Businesses in Alberta benefit from:
No provincial sales tax
No payroll tax
No inventory tax
No machinery and equipment tax
No health care premiums
Free provincial health care insurance
Lower personal income tax rates
The lowest fuel tax among provinces
Small business income tax rate of just 2%
Corporate income tax rate of 12%