Edmonton

Review the Business Climate

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 Edmonton and help you answer the following fundamental questions.

What is the business climate in Edmonton?

We have compiled the most important aspects of Edmonton’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 Edmonton and assistance available to Edmonton businesses.

Corporate taxes

In comparison to other provinces, businesses in the Greater Edmonton Region benefit from an Alberta advantage when it comes to corporate income taxes. Specific benefits include no provincial sales tax, no payroll tax, no health care premiums, lower personal income tax rates and the lowest fuel tax of any province in the country. Alberta continues to be a great place to do business thanks to its infrastructure, strong urban growth centers, increasingly diverse economy, growing population and lucrative investment opportunities.

Effective July 1, 2015 the general Alberta corporate income tax rate is 12 per cent. The Alberta small business income tax rate is 2 per cent for eligible small businesses with income up to $500,000.

The combined federal/provincial corporate income tax rate in the Edmonton Region is 27 per cent for general businesses, 14 per cent for small businesses, and a competitive corporate income tax rate is in place for manufacturers. Businesses in the Edmonton Region also benefit from the fact that Alberta has no inventory tax, no machinery and equipment tax and no payroll tax, which are common in many other provinces and U.S. states.

How do I use this information?

Having access to business climate statistics and information is one thing, but it's quite another to use data effectively and in a way that will benefit your business. This next section will help you do just that. Learn how to use this information to make better business decisions.

Monitor the local business climate

On-going assessment of the business climate is an essential part of operating a competitive business. In any business climate, there are numerous factors outside your control that will impact your business, both positively and negatively. The health of the economy impacts all businesses, but small businesses usually feel the effect of economic changes faster than big businesses. Improvements in the economy typically provide a rapid increase in new opportunities for small businesses, while an economic downturn can have a significant and prolonged negative impact.

Unfortunately, you can’t influence the economy, but you can monitor the business climate indicators provided above and then take the necessary actions to minimize risks to your business. Staying up to date with the business climate can also help you identify new opportunities that your business can take advantage of.

Know your costs

All industries are unique and incur different types of costs when starting or operating. Understanding these costs is essential when it comes to setting prices, budgeting and planning for growth or downturns. We’ve provided some of the local costs associated with taxes, development and labour that often get overlooked by businesses. There may be other municipal and provincial costs that apply to your business so we encourage you to contact us to find out more.

Where can I learn more about the business climate?

While we are providing you with a range of valuable information about the business climate, the fact is that there's much more available. In this section we provide you with links to other websites that will supplement our information and help to keep your finger on the pulse.

There may also be other municipal and provincial costs that apply to your business so we encourage you to contact us to find out more.

Get this research

Receive a PDF report of this research.

Get Report

Help us help you

Tell us how this page can be more helpful.

Tell us!

Contact Us

EEDC Trade and Investment Division
3rd Floor, 9990 Jasper Avenue
Edmonton, AB  T5J 1P7
Canada

+1 780-424-9191
+1 800-661-6965 (International)