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 Red Deer County and help you answer the following fundamental questions.
What is the business climate in Red Deer County?
We have compiled the most important aspects of Red Deer County’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 Red Deer County and assistance available to Red Deer County businesses.
The tax rate in Red Deer County is one of the most favourable in Canada. This means:
- No provincial capital taxes or sales tax
- No business taxes in the Red Deer region
- County property taxes are school, municipal taxes and specific service requisitions
Find out more about tax rates and off-site levies in Red Deer County, and the about the government structure of Red Deer County. More information on Assessments and Taxes can be found here.
In some areas of the County, off-site levies / transportation contributions have been imposed to cover the costs incurred for infrastructure improvements (roads, water and sewer) in that area. One of the County's philosophies is that those properties benefiting from the infrastructure improvements should incur the respective costs. In other areas of the County where off site levies / transportation contributions have not been implemented, when development occurs, the expectation is that the developer will be responsible for construction and installation of all infrastructure to Red Deer County standards.
A list of the areas in Red Deer County with off-site levies can be found here.
With a population over 20,000, Red Deer County covers an area of 4,042 square kilometers. (1,575 square miles). Within the boundaries of Red Deer County are over 120,000 highly skilled residents, whom live in urban areas encompassed by Red Deer County. We are one of the fastest growing regions in Canada with:
- Exceptional training centers such as Red Deer College - with over 80 programs
- One of the youngest and most educated workforces in Canada
- Organizations like the Chamber of Commerce that can assist you with your labour needs
Minimum, median and maximum wage estimates for a range of occupations in the Region are displayed on the Federal Government Job Bank website. The wages are specific to an occupation and provide information on earnings of workers at the regional level. Wages for most occupations are also provided at the national and provincial level. In Canada, all jobs are associated with one specific occupational grouping which is determined by the National Occupational Classification (NOC). Job Bank
Businesses in Red Deer County benefit from:
No provincial sales tax
No payroll tax
No inventory tax
No machinery and equipment tax
No health care premiums
Lower personal income tax rates
The lowest fuel tax among provinces
Starting Jan. 1, 2017, the small-business tax rate in Alberta was cut from 3% to 2% — giving Alberta the second-lowest small-business tax rate in the country, tied with Saskatchewan.
Provincial corporate income tax rate of 11%