Sherwood Park businesses, served remotely
Accountant for Sherwood Park businesses
Sherwood Park accountant for contractors and firms in Strathcona County: why an owner's two corporations share one small business limit, plus GST only.
Prepared by HBT Accounting, a CPA led firm in CalgaryUpdated 5.0 on Google, 59 reviews
Strathcona County, urban core and rural area
Statistics Canada reports for Strathcona County, which includes the urban area of Sherwood Park and a large rural area around it, so the figures on this page cover the whole county. It had 99,225 people at the 2021 Census, making it Alberta's fourth largest municipality, spread over 1,171 square kilometres. Its 4,010 businesses with employees were led by construction (623), professional, scientific and technical services (570) and health care (442).
A Canadian controlled private corporation in Alberta pays 11% on its first $500,000 of active business income and 23% above that. The lower rate has a ceiling, and an owner with a second company does not get a second one. That matters to a contractor with an equipment company beside the operating company, or a professional with a holding company above a practice. HBT works from Calgary and handles Sherwood Park files remotely.
Strathcona County in numbers
| Population, 2021 Census | 99,225 |
|---|---|
| Change since the 2016 Census | Up 1.2% |
| Size among Canadian municipalities | 58th |
| People per square kilometre | 84.8 |
| Businesses with employees | 4,010 |
| Largest sectors by employer businesses | Construction (623); Professional, scientific and technical services (570); Health care and social assistance (442) |
Source: Statistics Canada: Population and dwelling counts, census subdivisions, 2021 Census and Statistics Canada: Canadian Business Counts, with employees, June 2026.
What a Sherwood Park engagement covers
Associated corporations
Whether an owner's companies are associated, and how the limit is split between them on Schedule 23.
Owner pay across companies
Salary, dividends and shareholder loans planned for the group, not one company at a time.
GST and payroll
GST at 5% and nothing provincial, and a payroll with no provincial payroll tax to add.
Do two corporations owned by the same Sherwood Park owner each get the small business rate on $500,000?
No. Corporations that are associated share one limit, in Alberta and federally. Corporations are associated in several ways, including when one controls the other or the same person or group controls both, so an operating company and the holding company above it share a single $500,000. The group agrees how to divide the federal limit on Schedule 23, in percentages that total no more than 100%, and income above a corporation's share is taxed at the 23% combined general rate.
Official sources
Starting prices are published on the fees page. Final fees depend on scope, and we quote a fixed fee once the work is clear. See starting fees. The first conversation is free and takes about 10 to 15 minutes.