Canada's economy is expected to grow by a tepid 1.6 per cent in 2020.
personal income taxes
The province projects a $535 million increase in net debt this year alone.
Nine of the provinces are in the top 10 jurisdictions in North America with the highest personal income tax rates.
Investment by Canadians abroad has increased while foreign investment into Canada has decreased.
The top combined personal income tax rate in Alberta is now 48 per cent compared to 39 per cent in 2014.
Ottawa increased the income tax rate for “top earners" from 29 per cent to 33 per cent.
The federal government and three provinces—Ontario, Manitoba and Alberta—are expected to run budget deficits this year.