Alberta has one of the most competitive tax environments in North America, and the lowest in all of Canada. The combined federal/provincial corporate income tax rate in Alberta is 23% (15% federal and 8% provincial – July 1, 2020) for businesses with revenues over $500,000. The low provincial tax is accompanied by business attraction incentives (www. alberta.ca/recovery-plan.aspx). In Alberta, the combined federal/provincial corporate income tax rates are up to 8% lower when compared to many states in the U.S.