How it's done
The business climate is the general economic environment that local businesses operate in. Reviewing and understanding the local business climate provides valuable insights about the economy, costs, risks, and incentives that may impact the success of your business. This activity will guide you to better understand the business climate in Okotoks and help you answer the following fundamental questions.
What is the business climate in Okotoks?
We have compiled the most important aspects of Okotoks’s business climate as an interactive dashboard below. This dashboard provides valuable economic, resident, household, dwelling and development indicators that may influence the success of your business.
What costs and assistance should I know about?
Whether you have a new or existing business it is critical to be aware of costs, incentives and grants that impact your business. This dashboard provides you with a snapshot of the major costs of conducting business in Okotoks and assistance available to Okotoks businesses.
The majority of Okotoks businesses do not pay business tax* and are only required to acquire a business license. The annual business license fees start at $140 for Home occupation and for store front/offices start at $185 (level 1 for up to 5 FTE’s). There are 5 levels, with level 5 being the highest rate category (50+ FTE’s) at $480 per year.
*Only professional businesses, such as doctors and lawyers, etc. pay business tax. The business tax rate of .0300 will be applied against each dollar of business assessment shall be levied against all businesses or professions assessed under the provisions of Bylaw 8- 95 of the Town of Okotoks. Not having to pay business tax combined with the Alberta favourable tax environment makes Okotoks an excellent choice for your business.Learn More
|Residential & FarmLand||Non-Residential|
|Okotoks Public Library||0.0192%||0.0192%|
|Foothills School Division||0.2591%||0.368%|
Development applications (residential & non-residential)
A development permit is required for most forms of development within the Town. The Land Use Bylaw outlines the types of development allowed in each land use district and the rules and regulations governing those uses. Not all proposed development requires a development permit. Smaller sheds, fences and decks may not require a development permit. Section 1.2.1 of the Land Use Bylaw outlines developments that do not require a development permit however it is best to confirm with Planning Services whether you need a permit for the development you are considering.
Building permits issued (residential & non-residential)
A building permit is required for most forms of development within the Town. Considering making some changes to your home, please review the relevant information guidelines to determine whether you will require a building permit for your construction project.
Minimum, median and maximum wage estimates for a range of occupations in the larger Calgary Region are displayed on the Federal Government Job Bank website.
The wages are specific to an occupation and provide information on earnings of workers at the regional level. Wages for most occupations are also provided at the national and provincial level. In Canada, all jobs are associated with one specific occupational grouping which is determined by the National Occupational Classification (NOC).
LEED® Building Incentive Program: The Town of Okotoks viewed the development of several new Town buildings as a fantastic opportunity to set a ‘green’ building precedent in our community and create an incentive / rebate program for the construction of environmentally sustainable commercial and institutional buildings.
Residential Water Conservation Rebate Program: Rebates are available for Town of Okotoks residential property owners and renters up to a maximum of $200* per household for approved water conservation purchases.
NO business tax for majority of businesses, except for professional businesses, such as doctors and lawyers, etc.
- Okotoks & District Chamber of Commerce
- Community Futures Highwood
- McBride Career Group
- Bow Valley College
- Olde Towne Marketing Group
- Okotoks Library
- Calgary Region Partnership (CRP)