Review the Business Climate

How it's done

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 Squamish and help you answer the following fundamental questions.

What is the business climate in Squamish?

We have compiled the most important aspects of Squamish’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.

What costs and assistance should I know about?

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 Squamish and assistance available to Squamish businesses.

As in most municipalities, property taxes and utilities are a primary source of funding for the District of Squamish. District staff and Council work diligently to ensure core services are maintained for businesses while supporting other important initiatives and service improvements that the community wants and needs. It is of primary importance to us that businesses receive good value for their tax dollar, to best serve the community.

Squamish 2018 Property Tax Rates

The following table outlines the municipal taxes collected by the District of Squamish, with tax rates varying depending upon your assessment class. (See the article, Understanding Property Classes to determine the category that’s relevant for you.)

Rates per $1,000 of Taxable Assessed Value

Assessment Class Municipal Tax Rate Provincial Tax Rate Total Tax Rate
Major Industry32.38965.524837.9144
Light Industry12.14345.145217.2886
Business & Other8.67844.915713.5941
Forests – Managed 8.67842.880511.5589
Recreation & Non Profit3.17892.78185.9607

Fees for Utility Services

In addition to property taxes, Squamish businesses pay the District of Squamish for water and sewer services. Specific rates are outlined in the District’s Fees and Charges Bylaw, available here.*

Have More Tax Questions?

For more detail about taxes in Squamish, please visit our Taxes & Utilities section of the website. If you have a specific question that isn’t covered in the website, please contact District of Squamish Financial Services at 604-815-5035 or by email, at finservices@squamish.ca.

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 minimise 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.

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District of Squamish