Jason Kenney to roll out tax plan next week
Posted Mar 1, 2019 3:27 pm.
This article is more than 5 years old.
CALGARY – Alberta Opposition Leader Jason Kenney says tax changes under the NDP government have been a disaster and he’s hinting that his party would immediately cut corporate taxes if elected.
Kenney said in a speech in Calgary that rebuilding Alberta’s economy starts with cutting taxes on employers.
He said Alberta’s 12 per cent tax rate no longer gives the province any advantage over competitors such as B.C. and Saskatchewan or most of the U.S. states.
He added that the NDP’s personal and corporate tax changes are rooted in a “soak the rich” mentality, and that the result has been a lower tax take year-over-year along with the flight of investor capital.
Premier Rachel Notley’s government raised the corporate tax to 12 per cent from 10 per cent soon after taking office in 2015.
It has also increased personal income taxes on higher-income earners and cut the small business rate to two per cent from three.
Kenney said details of his tax plan will be rolled out on Monday,
