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60
Paradise Canyon Golf Resort among the top 60 out of 1,800 courses in Canada rated by Golf Digest

Blue Sky Spectroscopy is a 100% Canadian-owned company located in Lethbridge and specializes in the development of custom infrared single-pixel and imaging spectrometers and radiometers for remote sensing applications.

 Home Livability Cost of Living
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Cost of Living

Lethbridge residents enjoy a higher quality of life and a lower cost of living.

Low housing prices and affordable consumer goods and services all contribute to the cost advantages of Lethbridge. We consistently achieve high rankings in cost-of-living and quality-of-life studies. Consider these facts:

  • By living in Alberta, you won’t be burdened by a provincial sales tax. This means paying at least 7% less for goods and services compared to other Canadian provinces and most U.S. states.
  • Alberta’s tax advantage comes from a low single-rate tax system, coupled with the highest basic and spousal exemptions in Canada.
  • Lower transportation costs are a result of short commute times (get to work in 10 to 15 minutes), complimented by reasonably priced parking. Plus, Alberta has the lowest gasoline tax among the provinces.

Percentages of Average Household Expenditures
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Notes

Based on the 2011 Survey of Household Spending as of July 2013.
Central and Southern Alberta results are based on the Canada Census Divisions (CD) 1-9, excluding CD 6 (Calgary).
This sample is based on an estimated 262,041 households.

Sources

Statistics Canada, Custom SHS Summary of Average Household Expenditures (Aggregation of CDs 1-9 excluding 6), 2011

Annual Average Property Tax & Utility Cost in Alberta
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Notes


Sources

2010 Residential Property Taxes & Utility Charges Survey, The City of Edmonton, Planning and Development.

Cost of Living Comparative Analysis
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Figure T.3.a
Cost of Living Comparative Analysis
  Lethbridge Calgary Edmonton Red Deer Grande Prairie Medicine Hat
Family at $60,000 Gross Income
Federal Income Tax (Includes CPP & EI) $8,846 $8,846 $8,846 $8,846 $8,846 $8,846
Provincial Income Tax $2,605 $2,605 $2,605 $2,605 $2,605 $2,605
Health Premiums $0 $0 $0 $0 $0 $0
Gasoline Tax * $172 $172 $172 $172 $172 $172
Total Federal & Provincial Taxes $11,623 $11,623 $11,623 $11,623 $11,623 $11,623
Mortgage Costs ** $21,950 $33,111 $31,544 $27,497 $23,361 $21,831
Property Tax & Utility Charges (Average) $4,410 $4,348 $4,728 $4,461 $6,196 $3,682
Consumer Goods *** $11,508 $12,012 $12,000 $11,832 $12,132 $11,484
Parking **** $672 $5,836 $4,200 $1,728 $1,250 $624
Total Household Charges $38,540 $55,307 $52,472 $45,518 $42,939 $37,621
Net Disposable Income $9,837 -$6,930 -$4,095 $2,859 $5,438 $10,756
Family at $80,000 Gross Income
Federal Income Tax (Includes CPP & EI) $15,972 $15,972 $15,972 $15,972 $15,972 $15,972
Provincial Income Tax $4,605 $4,605 $4,605 $4,605 $4,605 $4,605
Health Premiums $0 $0 $0 $0 $0 $0
Gasoline Tax * $172 $172 $172 $172 $172 $172
Total Federal & Provincial Taxes $20,749 $20,749 $20,749 $20,749 $20,749 $20,749
Mortgage Costs ** $21,950 $33,111 $31,544 $27,497 $23,361 $21,831
Property Tax & Utility Charges (Average) $4,410 $4,348 $4,728 $4,461 $6,196 $3,682
Consumer Goods *** $15,344 $16,016 $16,000 $15,776 $16,176 $15,312
Parking **** $672 $5,836 $4,200 $1,728 $1,250 $624
Total Household Charges $42,376 $59,311 $56,472 $49,462 $46,983 $41,449
Net Disposable Income $16,875 -$60 $2,779 $9,789 $12,268 $17,802
Family at $100,000 Gross Income
Federal Income Tax (Includes CPP & EI) $20,372 $20,372 $20,372 $20,372 $20,372 $20,372
Provincial Income Tax $6,605 $6,605 $6,605 $6,605 $6,605 $6,605
Health Premiums $0 $0 $0 $0 $0 $0
Gasoline Tax * $172 $172 $172 $172 $172 $172
Total Federal & Provincial Taxes $27,149 $27,149 $27,149 $27,149 $27,149 $27,149
Mortgage Costs ** $21,950 $33,111 $31,544 $27,497 $23,361 $21,831
Property Tax & Utility Charges (Average) $4,410 $4,348 $4,728 $4,461 $6,196 $3,682
Consumer Goods *** $19,180 $20,020 $20,000 $19,720 $20,220 $19,140
Parking **** $672 $5,836 $4,200 $1,728 $1,250 $624
Total Household Charges $46,212 $63,315 $60,472 $53,406 $51,027 $45,277
Net Disposable Income $26,639 $9,536 $12,379 $19,445 $21,824 $27,574

Notes

* Based on annual purchases of $2,000 worth of gasoline per year at a rate of $1.05 per litre, as per Natural Resources Canada, Average Retail Prices for Regular Gasoline in 2011, Alberta.
** Based on the 2010 Average Price of a New Home with Annual mortgage payments based on a 10% down payment, 5.25% interest with 25 years amortization, monthly payments and 5 year closed mortgage.
*** The methodology incoporates the Statistics Canada's Average Household Expenditures consumer categories of: food, household operations, furnishings and equipment, clothing, and personal care expenses, reported as a percentage of average household income before tax, 2009 for Edmonton. The 2010 Alberta Spatial Price All-Commodity Index is then applied to the other Alberta cities as Edmonton is the base city of the index.
**** The data for Calgary and Edmonton is based on the 2011 CBD Parking Rate Survey prepared by Colliers International. For the smaller cities of Grande Prairie, Lethbridge, Medicine Hat and Red Deer the data is based on average daily parking rate utilizing city-issued parking permits or daily parking meters, based on 10 hours per day for 19.4536 days per month for 12 months, which is consistent with the Colliers International Survey Methodology.
I. Data is current as of June 2011.
II. Although every effort was made in good faith to ensure the accuracy of the information contained herein, Economic Development Lethbridge accepts no warranty, nor accepts liability, for any incorrect, incomplete or misleading information or its improper use.

Sources

2010 Alberta Spatial Price Survey, 2011 CBD Parking Rate Survey prepared by Colliers International, 2010 Residential Property Taxes and Utility Charges Survey - The City of Edmonton, Canadian Mortgage and Housing Corporation, City of Calgary, City of Edmonton, City of Grande Prairie, City of Lethbridge, City of Medicine Hat, City of Red Deer, Natural Resources Canada, Average Retail Prices for Regular Gasoline 2011, Statistics Canada 2009 Average Household Expenditures, Edmonton Alberta, December 2010 release and TD Mortgage Calculator.

All-Commodity Price Comparison
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The "basket of goods" used in this survey is comprised of those goods and services perceived to be regularly purchased by Alberta consumers (based on the Survey of Household Spending) living in cities and medium/small sized towns. The survey items are judged to be commonly available in the selected communities to allow for price comparability.

For further details about individual items within this commodities price comparison, contact Heather McIntosh-Rivera at 403-331-0022 ext. 109 or heather@chooselethbridge.ca.

Interprovincial Tax & Health Care Premium Comparison
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Figure T.4
Interprovincial Tax & Health Care Premium Comparison - 2014
  AB BC SK MB ON QC NB NS PE NL
Employment Income of $35,000 - One Income Family with Two Children
Provincial Income Tax -$1,398 $732 -$585 $853 -$1,320 -$3,897 $826 $1,719 $1,936 $1,342
Provincial Sales Tax - $779 $1,058 $1,262 $129 $1,520 $1,562 $1,905 $1,537 $1,540
Health Care Premium - $461 - - $225 $100 - - - -
Payroll Tax - - - $307 $359 $859 - - - $151
Fuel Tax $270 $635 $635 $420 $441 $576 $408 $465 $393 $495
Total -$1,128 $2.607 $923 $2.842 $-166 -$842 $2,796 $4,089 $3,866 $3,528
Employment Income of $75,000 - Two Income Family with Two Children
Provincial Income Tax $2,942 $3,224 $3,070 $5,583 $3,597 $3,517 $6,187 $6,877 $6,664 $5,527
Provincial Sales Tax - $1,647 $1,575 $1,867 $2,260 $2,308 $2,283 $2,817 $2,546 $2,311
Health Care Premium - $1,152 - - $450 $200 - - - -
Payroll Tax - - - $658 $770 $1,840 - - - $324
Fuel Tax $270 $635 $450 $420 $441 $576 $408 $465 $393 $495
Total $3,212 $6,658 $5,095 $8,528 $7,518 $8,441 $8,878 $10,159 $9,603 $8,657
Employment Income of $100,000 - Two Income Family with Two Children
Provincial Income Tax $4,853 $3,690 $4,799 $7,364 $3,840 $6,643 $7,063 $7,800 $7,773 $6,186
Provincial Sales Tax - $2,108 $1,971 $2,355 $3,034 $2,989 $2,926 $3,618 $3,258 $2,963
Health Care Premium - $1,152 - - $675 $300 - - - -
Payroll Tax - - - $877 $1,027 $2,453 - - - $432
Fuel Tax $405 $953 $675 $630 $662 $864 $612 $698 $590 $743
Total $5,258 $7,903 $7,445 $11,226 $9,238 $13,249 $10,601 $12,116 $11,621 $10,324
Employment Income of $200,000 - Two Income Family with Two Children
Provincial Income Tax $13,275 $11,324 $15,617 $20,316 $13,905 $21,788 $19,863 $21,513 $20,873 $17,055
Provincial Sales Tax - $3,788 $3,453 $4,120 $5,324 $5,591 $5,114 $6,305 $5,705 $5,233
Health Care Premium - $1,152 - - $1,013 $400 - - - -
Payroll Tax - - - $1,754 $2,053 $4,906 - - - $864
Fuel Tax $405 $953 $675 $630 $662 $864 $612 $698 $590 $743
Total $13,680 $17,217 $19,745 $26,820 $22,957 $33,549 $25,589 $28,516 $27,168 $23,895

Notes

Calculations are based on other provinces' tax parameters known as of February 21, 2014.

* In provinces that impose payroll taxes, 75% is assumed to be borne by employees and 25% by employers. The same 75/25 split is assumed for health premiums. .
* Fuel tax is based on estimated consumption of 3,000 litres per year for one-income families and 4,500 litres for two-income families.
* RRSP/RPP contributions of $0, $6,000, $10,000 and $25,000 are included in the calculation of personal income tax for the $35,000, $75,000, $100,000 and $200,000 families respectively.
* For two-income families, income and RRSP/RPP contributions are split 60/40 between the two spouses.
* The children in each family are assumed to be 6 and 12 years old.

Sources

Alberta Finance, Tax Plan, Chapter: Budget 2014


Economic Development Lethbridge
308 Stafford Drive South
Lethbridge, Alberta, Canada   T1J 2L1

Phone: (403) 331-0022
Fax: (403) 331-0202
Toll Free: 1-800-332-1801

E-Mail: info@chooselethbridge.ca

Investment Inquiries Contact:
Heather McIntosh-Rivera, Director
Business Development & Operations

Phone: (403) 331-0022
E-Mail: heather@chooselethbridge.ca

Convention & Events Contact:
Kerry Lowe, Vice President
Convention Development & Partnerships

Phone: (403) 331-0022
E-Mail: kerry@chooselethbridge.ca

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