Community Economic Profile

Construction and permit data provide crucial insights to Beaumont’s economy. View the most current and previous years statistics on annual development activity in the City.

Construction and permit activity

Year Housing Starts Residential Permit Value ($) Commercial Starts & Improvement Commercial Permit Value ($) Industrial Permit Starts Industrial Permit Value ($) Total Permit Value* ($)
2024 485 153,918,468 43 37,499,125 0 0 $213,372,408
2023 384 108,066,170 92 32,177,451 0 0 $148,800,304
2022 305 110,211,372 59 2,382,615 0 0 $140,842,053
2021 259 77,309,944 66 4,485,994 0 0 $85,863,443
2020 168 41,183,870 56 1,505,180 0 0 $60,127,542

* Total permit value includes development such as home renovations, garages, secondary suites, signage and other developments.

Source: permit numbers are compiled from the Annual Development Activity reports.

View recent statistics, trends and variables affecting development in Beaumont.

Annual permit reports

File
2024 Year End Monthly Permit Report

Building permit report for 2024.

File
2023 Year End Monthly Permit Report

Building permit report for 2023.

File
2022 Year End Monthly Permit Report

Building permit report for 2022.

File
2021 Year End Monthly Permit Report

Building permit report for 2021.

File
2011-2020 Year End Monthly Permit Report

Building permit reports for 2011 to 2020.

File
2001-2010 Year End Monthly Permit Report

Building permit reports for 2001 to 2010.

Monthly reports

File
Monthly Building Permit Report

Most recent building permit report.

File
Monthly Lot Availability Report

A record of lots available in different subdivisions within Beaumont.

File
Lakeview/Azur Area Structure Plan Amendment Bylaw

Amendment to rename Lakeview to Azur.

File
Innovation Park Area Structure Plan
File
Le Rêve Area Structure Plan
File
Élan Area Structure Plan
File
Beau Val Park / Beaumont Lake South Area Structure Plan Amendment

Tax rate

The City of Beaumont has one of the lowest non-residential tax rates in the Edmonton Metropolitan Region. Our location in the Edmonton Region and Alberta means that there is no provincial sales tax, and small businesses only have a 2% corporate tax!

The City’s 2024 non-residential tax rate is 0.009597914, which equates to $959 per $100,000 of assessment.

View the Property Tax Rate page for more information >>

2024 Tax Rate (Mills) 2024 Tax Assessment per $1 Million Assessment
Beaumont 9.59 $9,598
Edmonton 22.66 $22,663
Stony Plain 9.09 $9,093
Leduc 9.48 $9,482
Fort Saskatchewan 9.85 $9,853
Spruce Grove 10.46 $10,464
Strathcona County 10.33 $10,333
St. Albert 10.67 $10,673

Alberta Corporate Income Tax: The Corporate Tax Rate in Alberta is 8%. Small businesses can claim the Province’s Small Business Deduction to reduce the corporate tax rate to 2%.

Alberta Personal Income Tax (2024):

  • 10% up to $148,269
  • 12% from $148,269.01 to $177,922
  • 13% from $177,922.01 to $237,230
  • 14% from $237,230.01 to $355,845
  • 15% from $355,845.01 and up

  • Federal Corporate Income Tax: The Federal corporate income tax is 38%. Businesses can claim a federal abatement of 10% and a further general reduction of 13% that results in a net Federal Tax Rate of 15%. With the Small Business Deduction this can be as low as 10%
  • Employment Insurance: Yearly max insurable earnings is $65,700 per employee. The employee contribution rate is 1.64%. The employer contribution rate is 2.296%.
  • Federal Personal Income Tax:
    • 15% on the first $57,375
    • 5% on taxable income over $57,375 up to $114,750.
    • 26% on taxable income over $114,750 up to $177,882.
    • 29% on taxable income over $177,882 up to $253,414.
    • 33% on taxable income over $253,414.
  • Goods and Service Tax (GST): The Federal Sales Tax is 5%.

Industry sector profiles

No matter what sector you are in, The City of Beaumont is ready to help you discover new opportunities and bring your ideas to life in our community. Learn more about what Beaumont has to offer!