personal income tax
On personal income taxes, Albertans have been hit twice in recent months by provincial and federal tax hikes.
If the B.C. government truly wants to make the provincial tax system more competitive, reform is needed across three key taxes.
In Ontario, the top combined federal-provincial personal income tax rate is now 53.5 per cent.
There are clear parallels between the campaigns and governing approaches of President Obama and the Trudeau Liberals.
The Alberta government recently abandoned the province’s single 10 per cent tax rate on personal income in favour of a five-bracket system with a top rate of 15 per cent—a move that will reduce Alberta’s competitiveness and cause undue harm on an already struggling economy.