The general provincial corporate income
tax rate in Alberta is the lowest in the
country, while the tax on manufacturing
and process ing i s second only to
Newfoundland and the small business rate
is fourth behind Manitoba, Prince Edward
Island and Saskatchewan. Additionally, the
county is part of the North-South Trade
Corridor stretching fromtheB.C. border to
theU.S. border atCoutts,Montana.
“That’s something that attracts a lot of
folks. Certainly in the retail sector, their
ears certainly do perk up at that (household
income) number,”King said.
“Whenwe tell themthe cost of living here is
basically the same as Edmonton – with
house pricing being comparable to
Edmonton and cost of goods comparable,
too – then they really start to get
interested.”
Still, it takes some education to realize the
full northern potential, while sidestepping
stereotypes.
28 | BusinessWorld |
July-August 2014
