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 City of Chestermere and help you answer the following fundamental questions.
What is the business climate in City of Chestermere?
We have compiled the most important aspects of City of Chestermere’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 City of Chestermere and assistance available to City of Chestermere businesses.
Chestermere does not charge a business tax, which is thousands of dollars in savings back to the business owner.
2018 Municipal Tax Rates
|Schedule A||Tax Rate|
|Machinery and Equipment||7.757934|
|WID Service Fee|
|Machinery and Equipment||0.056251|
|Disignated Industrial Property||0.0341|
|Schedule B||Tax Rate|
|RV Serniors Foundation|
The City of Chestermere is a rapidly growing community and welcomes the opportunity to assist you in the planning, licensing and permitting process of your development. The city upholds a community design that promotes connected communities, easy access to recreation amenities, natural spaces, local shops and services and schools.
From raw land to finished development, to learn about the processes involved in building communities in Chestermere click here.
Off-site levies are paid by the developer, reimbursing the city for capital costs associated with new developments where the subdivision of land is required and not subject to a previous servicing agreement. For a summary of off-site levies bylaws click here.
Chestermere’s hourly wage and salary rates are comparable with neighbouring municipalities and observe provincial and federal legislation. Alberta’s wage and salary rates are competitive with the rest of Canada and with the United States. When total compensation rates are compared, Alberta provides a significant cost advantage compared to the U.S., largely because of publicly funded health care. Detailed wage and salary information for over 400 occupations in Alberta is available here.
Alberta is one of the most affordable places in Canada to live. Here’s a look at some of the financial benefits Alberta residents enjoy.
Families in Alberta typically enjoy a higher family income than other parts of Canada. Median total single-family household income is $141,754.50. Also, 50.1% of household incomes are equal to or greater than $125,000.
Lower Cost of Living
Alberta offers many cost-of-living advantages:
- No provincial health-care premiums
- No provincial sales tax (PST) Residents in every other province pay up to 10 per cent in addition to the Goods and Services Tax (GST) paid by all Canadians
- Tax rebates and credits are available to further help with your finances.
You can compare how Canadians spend their incomes in major cities here.
Owning your home is more affordable in Alberta cities than many other Canadian cities. Alberta housing prices are among the lowest when compared to equivalent cities in British Columbia or Ontario.
Chestermere is perfectly situated on the Trans-Canada highway just minutes away from the Calgary/Edmonton Corridor (QEII) and the CANAMEX highway – the most direct route to the United States. The Calgary International Airport (YYC) is 15 minutes away and 20 minutes to downtown Calgary. You will also find CN and CP logistics parks and Stoney Trail connectors within minutes of the City.
No Business Tax
Save money for your business by choosing Chestermere as your place of businesses. With no business title tax and low local business licence fees, your bottom line with thrive.
No Provincial Sales Tax
Unlike other provinces in Canada, Alberta does not have a provincial sales tax.
Chestermere is a young, rapidly growing City. Our population has exploded from 15,762 in 2013 to 20,732 in 2018, that’s 32% growth in five years! Chestermere residents between the ages of 20-40 make up 25.1% of the population, while 40-60 make up 29.4%. Education levels are also higher, over 55% of the population holds a trade, college, bachelor degree or higher.
Development is booming and the City is open for business. We have more than 1,133 acres of commercial and industrial land available for future development.
- City of Chestermere
- Rocky View School District
- Lifepath Wellness
- Eric's No Frills