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Economy & Taxes

 

Northern Alberta is an integral part of the strongest Provincial economy in Canada. Alberta's Gross Domestic Product grew from $75 Billion in 1992 to $150 Billion in 2002, doubling in just 10 years! Northern Alberta is a significant contributor to this growth. Consider the facts:

Northern Alberta covers 60% of Alberta's land but only has 9% of the population.

The per capita economic contribution of Northern Albertans has been consistently higher than the rest of Alberta

Northern Alberta exported $6.6 billion of crude oil products (52% of Alberta's total).

Northern Alberta exported $2.1 billion of forest products (75% of Alberta's Total).

 

  Northern Alberta exported $321 million of agricultural products (19% of Alberta's total).

Rich in natural resources, our future keeps getting better! The secret to Northern Alberta's prosperity is that we have capitalized on our strengths in energy, agriculture, and forestry to develop a dynamic and diverse economy. Strategic use of our profits from our natural resources has opened the door of prosperity to a host of other industries and services.

View of the Legislature Building in Edmonton, Alberta

 

Innovation, modernization, and a committed, vibrant workforce have helped us to become a major competitor in many sectors.

Taxes? Alberta is the only province in Canada that has no provincial sales tax, and our provincial income is the lowest in Canada, and business taxes are among the lowest in the country. We have also increased the amount for personal and spousal income exemption rates to roughly double that of the standard exemption in other provinces. Added to these shared provincial benefits is Northern Alberta's inclusion in the northern residents tax exemption.

The further north you live, the more likely you are to receive the full benefit.

That's Northern Alberta!

 
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