Business Costs & Incentives

North Vancouver strives to ensure a business-friendly tax environment while offering high quality infrastructure and services to support the needs of the economy. Both the City and District of North Vancouver offer competitive tax rates for business and industrial classes. The combination of diverse economic and lifestyle opportunities make North Vancouver one of the most desirable locations to live, work and play.

Licensing & Permitting

Every business operating within the City of North Vancouver or the District of North Vancouver, including those located in private residences, must have a valid business license. It is important to note that you will need to apply for a license either in the City or the District, depending on where your business is located.

You may also need to obtain other types of permits from the local municipality. BizPal is an online tool that can help identity any permits you may need in order to conduct business in North Vancouver.

Utilities

Electricity

BC Hydro

BC Hydro operates 31 hydroelectric facilities and two thermal generating plants, providing 4 million customers with reliable power and the third lowest residential rates surveyed in North America. They deliver electricity to customers through a network of more than 79,000 kilometres of transmission and distribution lines.

BC Hydro is a Crown corporation, owned by the government and people of British Columbia. It’s their job to generate and purchase reliable and affordable electricity for our businesses and residents.

 

Electricity Basic Charge ($/day)
Source: BC Hydro
Last Updated: June 2018

Electricity Energy Charge ($/kWh)
Source: BC Hydro
Last Updated: June 2018

Natural Gas

FortisBC

FortisBC provides safe and reliable natural gas, electricity, alternative energy, and related services to residential, business, and industry customers in BC.

FortisBC delivers approximately 21 % of the total energy consumed in BC, which is the most energy delivered by any utility in the province. Whether delivering electricity, natural gas or propane, their more than 2,200 employees serve approximately 1.1 million customers in 135 communities.

Lonsdale Energy Corporation

The Lonsdale Energy Corporation (LEC) is an award-winning District energy system. LEC has been providing dependable, clean, and competitively priced energy to residential and commercial buildings in the Lonsdale area since 2003. By heating our community naturally, we can significantly reduce the demand for energy, and support global and local climate action efforts.

 

Natural Gas Rates (Mainland)
Source: FortisBC
Last Updated: January 2018

 

Water & Sewer

Both of the North Vancouver municipalities provide information on their websites regarding water and sewer services:

Garbage, Recycling & Organics Disposal/Collection

Schedules and information on garbage, recycling and organics disposal is available through the City of North Vancouver and the District of North Vancouver.

Taxation

British Columbia has the lowest provincial personal income taxes in Canada for individuals earning up to $122,000.  BC’s general corporate income tax rate is 11%; in combination with the federal rate, BC businesses pay a combined general income tax rate of 26% – among the lowest in the G7. There is also no provincial payroll taxes, no capital tax and no sales tax on most production machinery or equipment. There are provincial incentives targeted to specific industries, including film and television, interactive digital media, mining, natural gas, life sciences and clean technology.

Tax Rate
Source: City of North Vancouver
Last Updated: February 2017

Provincial Corporate Income Tax
Source: Canada Revenue Agency
Last Updated: January 2018

Federal Corporate Income Tax
Source: Canada Revenue Agency
Last Updated: January 2018