Lloydminster

Lloydminster is a city within Alberta with a uniquely distinct geographical location since it straddles the provincial border between Alberta and Saskatchewan. The city has been established as a single city which comprises one municipal administration, as opposed to being a pair of twin cities situated on opposite sides of a border which just share the same name as found within most these cases.

The petroleum industry is the major force in the local financial system. Agriculture is another essential economic activity. There have been lots of farmers within the vicinity who have been financially sustained by lease payments due to oil wells being drilled on their land. Moreover, the Husky Lloydminster Refinery operates in the community.

Because of the bi-provincial status of the city, special provisions regarding provincial taxation inside city limits has been the end result. There is no exemption from provincial income tax because this is solely based on the taxpayer's province of residence. Because Alberta has no provincial sales tax, the Saskatchewan side of the city is exempt from that particular provinces sales tax to be able to stop companies situated there being placed at a disadvantage relative to businesses based in Alberta.

There are differences reflected in the interprovincial expenses in auto insurance and housing taxes. An instance of this, Albertan driver's below the age of twenty five may pay two - three times the average amount required of a similarly aged Saskatchewan driver.