I can't speak much on some of the specifics on taxes and living there. My parents as well as my younger sister (+ her family) have lived out there for years. Commuting to and from the NW has improved tremendously since Crwochild/Highway 1A has been twinned all the Calgary to Cochrane. If you use 1A, your commute times should be no more than 15 minutes from limit-to-limit.
If you move into one of the new communities on the North (forget what the community is called) or South (Fireside, I think?) outskirts off of Highway 22, that highway can be a bit of a bottleneck. Plus the merging from South 22 to 1 East to get to Calgary is terrible. 22 to 8 is a nice option if you need to go the south of Calgary that lets you bypass the city traffic coming in from the north.
It's a nice bedroom community. Not sure what your family situation is, but if you need info on stuff for the kids or want details on taxes, I can always hit up my family for some more details.
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