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Tax Incentive for Small Business

Split Tax Rate Bylaw

 

The Town of Sexsmith has passed a split tax rate bylaw in order to offer taxes at a lower rate to small businesses.

 

The possibility for different business tax rates for small business has recently been made possible with amendments to the Municipal Government Act.

A municipality must do this by bylaw and must define in the bylaw what a small business is in their community.

The Town of Sexsmith has defined a small business property as a property in the municipality other than designated industrial property having fewer than 10 employees across Canada, owned or leased by a business operating under a business license issued by the municipality.

Interested applicants must have an application in by December 31 of the year prior to the year of taxation to be eligible. If you wish to apply for the 2019 tax year please have your application in no later than December 31, 2018.

Please re-apply on an annual basis.

The application requirement is so that proper budgeting for the coming year can be done.

Applications can be obtained online at http://cms.sexsmith.ca/Editor/images/Documents/Annual%20Small%20Business%20Application.pdfor at the Town office located at 9927-100 Street.

 

Media Inquiries may be directed to:

 

Rachel Wueschner, Returning Officer

Town of Sexsmith

780-568-7246

 

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