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 The Regional District of Kitimat-Stikine and help you answer the following fundamental questions.
What is the business climate in The Regional District of Kitimat-Stikine?
We have compiled the most important aspects of The Regional District of Kitimat-Stikine’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.
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 The Regional District of Kitimat-Stikine and assistance available to The Regional District of Kitimat-Stikine businesses.
Taxes in the Regional District of Kitimat-Stikine are based on services offered these services vary between electoral areas and within electoral area. The following tax rates are the base amounts per $1000 of assessed value. Contact RDKS staff to ask for the additional rates according to services offered.
Electoral Area A
Electoral Area B
Electoral Area C
Electoral Area D
Electoral Area E
Electoral Area F
The taxation information below is the same for all communities in British Columbia.
Corporate Income Tax
General Tax Rate
Small Business Tax Rate
Personal Income Tax
Earned Income Rate
115.0% - 33.0%
7.5% - 16.5%
5.06% - 14.70%
Federal General Sales Tax (GST)
Provincial Sales Tax (PST)
Temporary Use Permits
Development Variance Permits
Combined OCP/Zoning Amendment
Rural Land Use Bylaw Amendment
Water System Fees
Commercial or Industrial (First 200sq metres of floor space or part thereof)
Commercial or Industrial (Each additional 200 sq metres or part thereof)
Annual fee per household equivalent
$20 or $55 if after hours
South Hazelton Water
Payment before due date
Payment after due date
Garbage and recyclable material collection for standard service
Notes: Ratings by industry apply to all workers in that industry, regardless of occupation. Rates for Business Services range from $0.10 to $1.20 per $100 of payroll (average $0.39) Rates apply to maximum gross earnings of C$80,600 per year per employee. (2016)
Façade improvement grant for businesses in select communities
Competitiveness Consulting Rebate allows for small- to medium-sized enterprises to recover up to $30,000 in eligible consultant costs for eligible projects
Grant writing support
Broadband fibre network in the Hazeltons, Terrace and Kitimat
Free business registry outside municipal boundaries
No municipal taxes outside municipal boundaries
Approx. $60 billion in major projects and investment opportunities planned in the region
Northern Development Initiative Trust
Small Business BC
Community Futures 16/37
Futurpreneur and ThriveNorth
Bulkley Valley Credit Union
Northern Savings Credit Union
Envision Financial Credit Union
Terrace Business Resource Centre
Forum for Women Entrepreneurs
BCIC Venture Acceleration
How do I use this information?
Having access to business climate statistics and information is one thing, but it's quite another to use data effectively and in a way that will benefit your business. This next section will help you do just that. Learn how to use this information to make better business decisions.
Monitor the local business climate
On-going assessment of the business climate is an essential part of operating a competitive business. In any business climate, there are numerous factors outside your control that will impact your business, both positively and negatively. The health of the economy impacts all businesses, but small businesses usually feel the effect of economic changes faster than big businesses. Improvements in the economy typically provide a rapid increase in new opportunities for small businesses, while an economic downturn can have a significant and prolonged negative impact.
Unfortunately, you can’t influence the economy, but you can monitor the business climate indicators provided above and then take the necessary actions to minimize risks to your business. Staying up to date with the business climate can also help you identify new opportunities that your business can take advantage of.
Know your costs
All industries are unique and incur different types of costs when starting or operating. Understanding these costs is essential when it comes to setting prices, budgeting and planning for growth or downturns. We’ve provided some of the local costs associated with taxes, development and labour that often get overlooked by businesses. There may be other municipal and provincial costs that apply to your business so we encourage you to contact us to find out more.
Where can I learn more about the business climate?
While we are providing you with a range of valuable information about the business climate, the fact is that there's much more available. In this section we provide you with links to other websites that will supplement our information and help to keep your finger on the pulse.
There may also be other municipal and provincial costs that apply to your business so we encourage you to contact us to find out more.
BCStats BC Stats is the provincial government’s leader in statistical and economic research and analysis. Providing expert interpretation of data sources, BC Stats increases overall business intelligence across government and adds value to data and information by creating statistics essential for evidence-based decision making and policy development. Learn more
British Columbia Ministry of Finance The Ministry of Finance plays a key role in establishing, implementing, and reviewing government’s economic, fiscal, financial management and taxation policies. Learn more
Statistics Canada Statistics Canada provides comprehensive data on Canada’s economic performance. Learn more
OECD The OECD provides a wide range of indicators on Canada’s agriculture, development, economy, education, energy, environment, finance, government, health, innovation and technology, jobs and society. Learn more