Low Tax Rates
British Columbia’s combined federal and regional tax rate is the second lowest in the West, with a number of additional tax allowances, credits, and exemptions available for specific industries. By 2010, the Government of Canada is committed to establishing the lowest tax rate on new business investment in the group of G7 countries.
Low Cost Electricity
Industrial electrical rates in British Columbia are among the lowest in the West. With an abundant renewable source of energy from large hydroelectric generating facilities, business in Northern BC has access to clean, green energy at a cost less than half that of many North American cities.
The Shortest Link Between Shanghai and Chicago
Northern BC’s Port of Prince Rupert links Asia to North America at the strategic entry point of the fastest existing land/sea route. At 54° North, the Port of Prince Rupert is North America’s closest port to key Asian markets with two days less transport time than shipment via traditional routes.
Low Overall Business Costs
Overall business costs are considerably lower in Northern BC than most centres in Western Canada and the United States. The ideal combination of low service land costs; abundant supply of reliable and low cost energy; fast, efficient transportation networks; and low cost of living position the North as a great place to do business.
Low Land Costs
Northern BC offers affordable serviced industrial land at less than 10% of the cost than that available in the BC Lower Mainland or other major Canadian centres. Additionally, residential housing prices are reasonably priced with an average of $175,000 across the communities in the North.
