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Alberta has the most business-friendly environment in Canada, with a competitive tax structure, a strong economy, and the highest labour productivity in Canada.

Alberta has the most business-friendly environment in Canada, with a competitive tax structure, a strong economy, and the highest labour productivity in Canada.

Competitive Tax Rates

Lowest corporate tax rate in Canada

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No retail sales tax

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Low corporate tax

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Low personal income tax

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Low fuel taxes

 

Tax Rates % AB BC MB ON QC
Corporate Income Tax (*by Jan 1, 2022) 10.0 (8.0*) 12.0 12.0 11.5 11.5
Personal Income Tax (highest) 15.0 16.8 17.4 13.16 25.75
Payroll Tax 0 0 - 1.95 2.15 1.95 4.26
Sales Tax 0 7.0 7.0 8.0 9.98

Source: Alberta Fiscal Plan 2018-2021

Strong Economy

Highest annual GDP growth in Canada (1999-2018)


In terms of economic strength, Alberta punches well above its weight for its small population. Alberta had the highest GDP growth in Canada between 1999-2018 at 2.6%.

Sources:  Statistics Canada Cansim Table 36-10-0222-01

Over $190 billion worth of major projects proposed or under construction in Alberta

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International companies such as EDF (France)Gilead (America), and Sinopec (China) are investing billions of dollars into the Alberta economy.

Investment per capita more than double the Canadian average

investment per capita in Alberta is $14.1K vs Canada, $6.6K 

Source:  Statistics Canada Table 34-10-0035-01

 

Secure business environment

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Stable political system

Canada scores in the top 30 of the World Bank's Political Stability Index (2018)

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Safe place for your money

Six major Canadian banks ranked among the 10 safest in North America by the Global Finance Magazine (2019)

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Pro-business climate

Alberta has the highest economic freedom in Canada as ranked by the Fraser Institute's Economic Freedom Index (2017)

Talented Workforce

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Youngest province in Canada

Median age: 37.1 years

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Fastest growing

Highest population increase in North America (19.6% from 2008-2018)

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Highly educated

Highest post-secondary completion rate in Canada

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Diverse workforce

Over 20% of Albertans born outside of Canada

High labour productivity (2018)

(Real GDP per hour worked, chained 2012 dollars per hour)


Alberta had the 3rd highest labour productivity among Canadian provinces at $78.20 per hour.

Sources: Statistics Canada Cansim Table 36-10-0480-01

 

Choose Alberta

How we can Help

Invest Alberta is your one-stop government connection to doing business in Alberta. Through our extensive network of international and local contacts, our team of investment professionals provides a centralized, coordinated service to support foreign investors throughout the investment and business
expansion process.

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