Government Spending & Taxes
The province should make its personal and corporate income tax system more competitive.
Accounting for non-pension assets in projections of future retirement income makes a difference.
In the current political environment, both in Canada and around the world, sensible “tax” recommendations would likely die on the vine.
High level of spending has not yielded high value in return—Canada has some of the longest wait times for treatment in the developed world.
A higher CPP benefit could trigger a reduction in federal (and provincial) government benefits targeted at low-income seniors.
As oil royalties have fallen, Albertans have endured multiple tax hikes and a S&P downgrade.
The new tax scheme will cost a family of four about $338 extra in 2017.
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