Alberta is the only province that does not have a provincial retail sales tax. Alberta has a competitive corporate tax rate for manufacturers. Alberta does not have any general capital or payroll taxes, which are common in many other provinces and U.S. states. With recent tax changes, Alberta will have one of the most competitive business tax environments in North America. Provincial and State Corporate Income Tax Rates Quebec's rate includes the Youth Fund surtax.
Tax rates vary annually to balance the budget.
As a result, Alberta will then have the lowest general tax rate. Canadian rates known as of January 2001. U.S. rates known as of December 1999. Comparing corporate income tax rates between the U.S. and Canada must be approached cautiously. Methods to derive taxable income against which corporate income tax rates are applied can vary between jurisdictions.