Municipal Commercial Taxes
Radium’s commercial taxes (2014) are competitive:
At $14.64 per $1000 assessment, Radium’s level of business taxation is well below the Canadian major urban centre average of $24.25 (Src: http://www.calgaryherald.com/business/Calgary+commercial+property+taxes+lowest+Canada/10238631/story.html) and is the 7th lowest business tax rate ($1463.91 per $100,000 of assessed value) of 161 B.C. municipalities.
The ‘wildcard’ in any tax competitiveness calculation is assessment value – which is much lower than Vancouver and Calgary metropolitan regions, generating lower taxes for comparable enterprise operating space.
Electricity/Natural Gas Utilities
Electricity: BC Hydro: 1.800.224.9376 or www.bchydro.com
Current Market Rates
Electricity rates are variable based on annual peak demand and total consumption. Utility costs can be a significant business cost depending on the type of business. To help you plan costs associated with your business venture, visit the Business Rates (www.bchydro.com/accounts-billing/customer-service-business/business-rates-overview/business-rates-prices.html) page of the BC Hydro website.
BC Hydro rates are among the lowest in North America (www.bchydro.com/news/unplug_this_blog/2013/bc-hydro-rates-most-affordable.html) and relative to purchasing power are among the lowest globally.
Retail propane purchases are private transactions involving a downstream distributor and an individual family or business. No centralized data source measures and collects these prices. However, propane prices for automotive uses are reported by Natural Resources Canada (www2.nrcan.gc.ca/eneene/sources/pripri/price_map_e.cfm#allprices) and are a potential proxy for the market-set prices for home consumption and other propane end uses (Src: www.nrcan.gc.ca/energy/alternative-fuels/fuel-facts/propane/15927#prices)
The growth in propane supply due to shale gas production is changing fundamental energy price relationships; propane prices have fallen substantially relative to gasoline, diesel fuel, and home heating oil prices (Src: www.afdc.energy.gov/uploads/publication/2013_Propane_Market_Outlook_1_.pdf).
Propane is used as a main heating fuel by a small proportion of households (1%) in Canada, with average use of 21 GJ annually per household reporting propane use (Src: www.statcan.gc.ca/pub/11-526-s/2010001/part-partie1-eng.htm). 1GJ=39 litres of propane = 819 litres annually.
The Village invoices utility fees every 4 months (Jan/May/Sept).
Municipal Water/Sewer Rates (2016)
Water/Sewer - Commercial/Industrial
Water/Sewer - Residential
Garbage & Recycling
Tax & Utilities