British Columbia’s combined federal and provincial corporate tax rate is lower than any jurisdiction in the United States. Personal tax rates are similarly competitive. British Columbian businesses will enjoy one of the lowest corporate income tax rates in the G7 by 2012.
Castlegar’s commercial taxes (2011) are competitive:
Commercial property taxation (per $1000 commercial assessment, 2011) is comparable to Vancouver and Calgary, and is lower than the Canadian average:
The 'wildcard' in any tax competitiveness calculation is assessment value – which is much lower than Vancouver and Calgary metropolitan regions, generating lower taxes for comparable enterprise operating space. On a square foot basis, this property tax advantage (2011) is demonstrated as follows:
Castlegar representative commercial property1- $1.70/sq. ft.
Calgary industrial2 - $1.75
Vancouver industrial2 - $2
Calgary downtown Class B commercial2 - $5.04
Vancouver downtown Class B commercial2- $8.50
Electricity and gas rates are variable based on market pricing. Utility costs can be a significant business cost depending on the type of business. To help you plan costs associated with your business venture, current market pricing is available at the FortisBC website:
The City of Castlegar provides a full range of municipal services, including legislative services; fire protection; garbage collection; cemetery interment; land use planning; building inspection; transportation services; parks, recreation, and leisure services; and water and sewer services.
Municipal Utility Rates (2011):
Water (metered): flat rate $35.00 per quarter + $0.35/cubic metre consumption rate; (unmetered) – range of commercial rates depending on land use (rate and connection fee information - Water Rates).
Sewer (metered): flat rate $35.00 per quarter + $0.35/cubic metre consumption rate; (unmetered) – range of commercial rates depending on land use (rate and connection fee information - Sewer Rates).
Garbage: commercial/industrial enterprise is responsible for arranging private sector pick-up.
See here for residential rates. Rates are metered for multi-family housing.