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Investor Presentaiton

Doing Business in Alberta Provincial & State Corporate Taxes Provincial Corporate Income Tax Rates (per cent) State Corporate Income Tax Rates (per cent) Province General Manufacturing Small & Processing Business Manufacturing State General & Processing Small Business Alberta* 12 12 2 Oregon 7.6 7.6 6.6 British Columbia 11 11 2 California 8.84 8.84 8.84 New Brunswick 14 14 3 North Dakota 4.31 4.31 4.07 Quebec 11.8 11.8 8 Montana 6.75 6.75 6.75 Manitoba 12 12 0 Idaho 7.4 7.4 7.4 Saskatchewan 12 10 2 Colorado 4.63 4.63 4.63 Ontario 11.5 10 4.5 Utah 5 5 5 Newfoundland & Labrador 15 15 3 New Mexico 6.2 6.2 4.8 Prince Edward Island 16 16 4.5 Louisiana 8 8 6.42 Nova Scotia 16 16 3 Arizona 4.9 4.9 4.9 Federal 15 15 10.5 Federal 35 31.85 34 Note: U.S. rates are for January 2017 and Canadian rates are for April 2017 The small business rate is the effective tax rate for US$380,000 (comparable to the Canadian threshold of Cdn$500,000) The small business income threshold for Nova Scotia and Manitoba is Cdn$350,000 and $450,000, respectively. For all other provinces the small business income threshold is Cdn$500,000 Source: Canada Revenue Agency, Tax Foundation, KPMG Tax Facts 2016-2017, PWC Alberta Government
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