Corporate Tax Law - Alberta

The Canada Revenue Agency (CRA) administers the Income Tax Act and Regulations. Each province has income tax legislation, but for most provinces (excluding Alberta, Ontario and Quebec), the CRA administers this legislation.

In Alberta, the Tax and Revenue Administration of Alberta Finance administers the Alberta Corporate Tax Act and Regulations. Corporations that operate in Alberta are therefore required to file a corporate tax return with the Canada Revenue Agency and with Alberta Finance and Enterprise.

Schedule 5

Although Alberta administers its own taxation legislation, corporations from all provinces in Canada including Alberta should verify if they have to complete a Schedule 5, a supplementary tax calculation for corporate entities.

Tax Rates

Provincial corporate income tax rates vary depending on the province and type of income earned. Alberta has one of the lowest corporate tax rates in Canada.

Worker's Compensation & Insurance Premiums

Under provincial legislation, corporate employers have to remit premiums for Worker's Compensation and Insurance.

For more on Alberta corporate tax legislation, corporate income tax rates and filing corporate tax forms, please visit:

Alberta Finance and Enterprise

For more on Schedule 5 tax calculations, and on Canada Revenue Agency office locations in Alberta, visit:

For more on worker's compensation and insurance, visit:

For additional information about taxation in Canada and Alberta, please see:

  • Corporate Tax Law - Canada
     

  • Resources for Entrepreneurs and Investors

    Contains links to various guides outlining detailed information on the Canadian tax environment and key considerations for foreign investors such as repatriation of funds, transfer pricing rules, thin capitalization, different tax implications for different business structures, as well as advantages and disadvantages.

The Business Link

Date Updated: Aug 21, 2008
RDP-1058