MMT Chartered Professional Accountants provide comprehensive accounting, business advisory and tax preparation services to clients in the Calgary and Vancouver area.
There’s good news for small business owners in Alberta. You may be eligible to pay lower taxes, with a general provincial cut from 12% to 8% with businesses paying as little as 2%.
This makes Alberta’s corporate taxes the lowest in Canada. It’s all part of Alberta’s Recovery Plan, launched early in the pandemic to help our economy get back on track by creating new opportunities.
In addition, you might also qualify for the Innovation Employment Grant (IEG). Claim it when you file your annual corporate tax return to provide your small business with up to 20% of the cost of qualifying research and development expenses.
With an overall tax advantage and no sales tax or health premiums, Alberta is a great place to set up or grow your small business.
The best way to make sure you take advantage of these opportunities is by getting advice from the experts. MMT Professional Chartered Accountants look forward to helping you, with a full range of business advisory services, including tax filings. Contact us today to find out more about how we can help you achieve your goals.