Sundre

Review the Business Climate

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 Sundre and help you answer the following fundamental questions.

What is the business climate in Sundre?

We have compiled the most important aspects of Sundre’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 Sundre and assistance available to Sundre businesses.

Corporate Taxes

The Town of Sundre charges no corporate tax to businesses operating within its Town limits. In addition to being free of corporate and personal taxes, since Sundre is located in the province of Alberta, there are no provincial sales taxes to charge or administer.

The provincial corporate tax rate is 12%, and the small business tax has recently been reduced to just 2% for those businesses making $500,000 or less per year.

2017 Sundre Property Taxes (Mill Rate)

Sundre charges property taxes according to a mill rate, which translates into a dollar amount charged per $1,000 of assessment. (For instance, a mill rate of 7.964 will lead to municipally-controlled property tax charges of $796.40 on a property assessed at $100,000).

  • Residential / Farmland 7.964
  • Non-Residential 11.752
  • Vacant Non-Residential 11.752
  • Annexed Residential 2.84
  • Annexed Farmland 7.964
  • Annexed Non-Residential 10.080

Let Sundre Economic Development help you locate office space, industrial space or other retail and commercial space in Sundre. With several new land development opportunities in Town, we can also point you in the right direction if you're ready to build.

How do I use this information?

Having access to business climate statistics and information is one thing, but it's quite another to use data effectively and in a way that will benefit your business. This next section will help you do just that. Learn how to use this information to make better business decisions.

Monitor the local business climate

On-going assessment of the business climate is an essential part of operating a competitive business. In any business climate, there are numerous factors outside your control that will impact your business, both positively and negatively. The health of the economy impacts all businesses, but small businesses usually feel the effect of economic changes faster than big businesses. Improvements in the economy typically provide a rapid increase in new opportunities for small businesses, while an economic downturn can have a significant and prolonged negative impact.

Unfortunately, you can’t influence the economy, but you can monitor the business climate indicators provided above and then take the necessary actions to minimize risks to your business. Staying up to date with the business climate can also help you identify new opportunities that your business can take advantage of.

Know your costs

All industries are unique and incur different types of costs when starting or operating. Understanding these costs is essential when it comes to setting prices, budgeting and planning for growth or downturns. We’ve provided some of the local costs associated with taxes, development and labour that often get overlooked by businesses. There may be other municipal and provincial costs that apply to your business so we encourage you to contact us to find out more.

Where can I learn more about the business climate?

While we are providing you with a range of valuable information about the business climate, the fact is that there's much more available. In this section we provide you with links to other websites that will supplement our information and help to keep your finger on the pulse.

There may also be other municipal and provincial costs that apply to your business so we encourage you to contact us to find out more.

Get this research

Receive a PDF report of this research.

Get Report

Help us help you

Tell us how this page can be more helpful.

Tell us!

Contact us

Jon Allan
Economic Development Officer
403-638-3551 ext. 111
economic.development@sundre.com