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Tax Incentive for Small Businesses

Amending Split Rate Tax Bylaw No. 1046

Sexsmith Small Business Tax Incentive

 

The Town of Sexsmith offers a Small Business Tax Incentive through a split tax rate bylaw, which provides eligible small businesses with a reduced property tax rate. This incentive is in line with the Municipal Government Act.

Eligibility Requirements

To be eligible for the small business tax incentive, the property must meet the following conditions:

  • The property is located within the Town of Sexsmith.
  • The property is not a designated industrial property.
  • The business employs five or fewer full-time employees.
  • The business either owns or leases the property, with the lease agreement specifying that the lessee is responsible for paying property taxes.
  • The business holds a valid business license issued by the Town of Sexsmith.

How to Apply

To apply for the 2025 tax year, applications must be submitted by March 31, 2025. Please note that applications need to be submitted annually to maintain eligibility for the incentive. This is necessary for proper budget planning for the upcoming year.

The Small Business Declaration Application form is available on our website under Business - Tax Incentive for Small Business or click  here to access the application form.

Important Information

  • This incentive is available only for business properties; residential properties do not qualify.
  • Franchises and multi-location businesses are eligible for the incentive as long as the franchise has 5 or fewer employees.
  • An annual re-application is required to continue receiving the benefit.

 

For further assistance or inquiries regarding your application, please contact the Sexsmith Town Office: