ALBERTA PROVINCIAL NOMINEE PROGRAM
The province of Alberta has become the engine of Canada’s economy, with some of the largest oil and natural gas deposits in the world. To the west, you find the majestic Rocky Mountains, in the south are prairies with an abundance of farming and ranching, and to the north is the boreal forest. Alberta’s two main cities are Edmonton, the capital, and Calgary, the financial and business hub of the province. Both cities are just over 1 million people. Alberta offers businesses and individuals, the lowest taxation in Canada, and is one of the lowest taxed jurisdictions in North America.
Alberta’s economy is one of the strongest in Canada, supported by the petroleum industry and to a lesser extent, agriculture, services, and technology. The per capita GDP in 2007 was by far the highest of any province in Canada at $74,825. This was 61% higher than the national average more than twice that of some of the Atlantic Provinces. This strong economy, combined with the lowest corporate tax rates in the country, has allowed the Alberta economy to diversify over the years to become a major player in the financial sector and is often the preferred home to many national head offices (who are able to take advantage of their low tax rates).
Although Alberta attracts large numbers of immigrants, the Alberta Provincial Nominee Program has been historically very limited. Changes to the program are being developed, with the addition of a family category, with other likely changes to soon come.