General Economy: Chilliwack, BC
Chilliwack has a population of about 92,308 people and neighbours Metro Vancouver, which has a combined population of about 2.5 million people. Chilliwack's economy is historically dependent on agriculture with a relatively large public sector. Growing industry sectors include manufacturing, technology, education, tourism, and film.
Chilliwack is one of the fastest growing cities in British Columbia. This is due in part to its proximity to Vancouver, its low land costs and generally low cost of living, a growing trend of people moving eastward, abundant recreational opportunities and a relaxed style of life, a progressive business community, and a proactive local economic development commission.
Efficient Global Access and a World Class Infrastructure
Chilliwack, British Columbia maintains well-established economic, cultural, communications, and transportation ties with Asian, American and European markets. Located on the TransCanada Highway, the City is only 20 minutes away from a USA border crossing and Abbotsford's Regional Airport, 90 minutes from Vancouver's International Airport, and one hour from the nearest shipping sea port.
Dynamic and Diverse Economy
Chilliwack's economic strength is based on the success of established resource sectors such as agriculture and forestry. However, recent dramatic growth in technology and knowledge-based industries is bringing new diversity and energy to the community, creating numerous investment and business opportunities.
Unbeatable Quality of Life
Chilliwack is one of the world's most desirable places to live and work, with a mix of country life and proximity to major urban centres, a mild climate, gorgeous scenery, and a low cost of living.
Qualified Work Force
Supported by a first-rate education system, Chilliwack, BC offers a well-educated and highly skilled work force - particularly in technology, agriculture and other key industries.
Chilliwack holds a reputation for being the most business-friendly community in the province. Our Municipal Government believes that the strength of our local economy is a direct result of assistance to business. They have a commitment to satisfy the needs of business, are reducing tax costs, and will go the extra mile to ensure quick approvals.
Competitive Business Costs and Incentives
Chilliwack is one of the most cost-competitive locations for business. Municipal and Provincial tax cuts are reducing business costs and increasing Chilliwack's competitiveness.
Provincial tax credit:
Corporation Capital Tax: nil
General Corporate Income Tax: 10.0 percent.
Provincial Sales Tax: eliminate the provincial sales tax on production machinery purchased by eligible manufacturers and by businesses in the logging, mining and energy sectors.
Domestic Fuel Tax: reduce the tax on all aviation fuel to $0.02/Litre to improve BC's competitiveness as an international air transportation hub.
Bunker Fuel Tax: eliminated this 7% tax on fuel for large ships to make BC's busy ports more competitive for both cargo and cruise ship traffic.