The province’s top marginal PIT rate will increase from 16.8 per cent to 20.5 per cent.
corporate income taxes
New government plans to reduce rate to 8 per cent.
Corporate income tax reductions benefit people throughout the economic spectrum, not just the affluent.
Until recently, Alberta had the most pro-growth tax regime in Canada.
Cutting Alberta’s corporate income tax to 8 per cent would substantially improve Alberta’s competitiveness.
The U.S. federal corporate income tax rate dropped by 14 points to 21 per cent.
Effective Tax and Royalty Rates on New Investment in Oil and Gas after Canadian and American Tax Reform
Cutting the corporate tax rate would help lower Canada’s overall effective tax rate on new investment.
High corporate income tax rates can undermine economic performance.