Lloydminster is a city within Alberta with a uniquely distinct geographical site as it straddles the provincial border between Alberta and Saskatchewan. The city has been established as a single city which comprises one municipal administration, compared to being a pair of twin cities found on opposite sides of a border which only share the same name as found within the majority of such cases.
The local economy within Lloydminster is driven by the petroleum industry. Another essential business in the area is agriculture. There have been numerous farmers in the vicinity who have been economically sustained by rent payments due to oil wells being drilled on their land. Moreover, the Husky Lloydminster Refinery operates in the community.
Due to the city's bi-provincial status, special provisions concerning provincial taxation within city limits has been the end result. There is no exception from provincial income tax since this is only based on the taxpayer's province of residence. Since Alberta has no provincial sales tax, the Saskatchewan side of the city is exempt from that particular provinces sales tax so as to stop businesses located there being placed at a disadvantage relative to companies based in Alberta.
There are differences reflected in the interprovincial expenses in housing taxes and auto insurance. An instance of this, Albertan driver's below the age of twenty five might pay 2 to 3 times the average amount required of a similarly aged Saskatchewan driver.