Taxation
Property taxes are based on the market value of the land plus buildings, multiplied by the mill rate established by the local government authority. Assessments, and the resulting tax, reflect a 12-month period (January 1 - December 31). Tax notices are mailed in May and must be paid prior to June 30 to avoid late payment penalties. 2010 mill rates: residential 6.6025, non-residential 8.2307.
For more information, please contact:
Michael Minchin
Town of Lacombe Corporate Services Director
5432 56th Avenue
Lacombe, Alberta T4L 1E9
403-782-6666
403-782-5655 fax
mail@lacombe.ca
www.lacombe.ca
PROVINCIAL & FEDERAL CORPORATE TAXATION
All corporate residents in Canada are subject to income tax levied upon income earned within the taxation year from all sources, worldwide. The owners of proprietorships and partnerships are required to record earnings as self-employed income in their personal income tax return. Corporations are required to file a return separate from the owner’s personal tax return. Corporations located in Alberta must submit separate income tax returns to the federal government and to the Alberta government. Foreign companies with individual or branches operating in Canada are liable for Canadian income tax on profits derived from their Canadian business operations.
For further information on Alberta Corporate Tax, contact:
Alberta Treasury
Tax and Revenue Administration
Sir Frederick W. Haultain Building
9811 109th Street
Edmonton, Alberta T5K 2L5
780-427-3044
780-422-3770 fax
www.finance.gov.ab.ca
The Income Tax Division of Revenue Canada provides free booklets to help small businesses with their taxation responsibilities. They include: Starting a New Business Books and Records Filing Requirements Taxpayer Services Taxpayer Rights and Obligations as well as supplementary guides for business income tax and Revenue Canada services. Revenue Canada also provides free seminars on varied tax topics at different times throughout the year.
For further information on federal taxes, remittances, deadlines, etc., contact:
Revenue Canada, Business Window
Main Floor, 9700 Jasper Avenue
Edmonton, Alberta T5J 4C8
780-495-3200 or 1-800-959-5525
www.cra-arc.gc.ca