Provincial Prosperity

— Feb 27, 2019
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Carbon Pricing in Alberta

Carbon Pricing in Alberta finds that the province’s carbon tax is unlikely to meaningfully reduce global carbon emissions. Crucially, Alberta’s carbon tax doesn’t replace existing regulations, is not revenue neutral and the government plans to continue subsidizing carbon-emitting alternatives, all of which distort the market pressures a tax would place on emissions, thus negating the theoretical benefits of a pricing scheme.

— Feb 5, 2019
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Health Care Reform Options for Alberta

Health Care Reform Options for Alberta finds that the Alberta government can enact major health-care reforms—without contravening the Canada Health Act—that would shorten wait times and improve patient care. For example, increasing the use of private clinics, creating a centralized surgical registry and pooling patient referrals, and allowing private, parallel financing and delivery of medically necessary services, none of which are explicitly prohibited by federal legislation.

— Jan 29, 2019
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Assessing British Columbia's Tax Competitiveness

Assessing British Columbia’s Tax Competitiveness finds that B.C. now has the ninth highest top combined personal income tax rate in Canada and the United States, which hurts the province’s ability to compete with neighbouring jurisdictions for skilled-workers and investment. The province also has the highest taxes on business investment anywhere in Canada.

— Jan 29, 2019
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Restoring a Competitive Labour Market in Alberta

Restoring a Competitive Labour Market in Alberta: Examining Right-to-Work and Other Policy Changes finds that, in light of Alberta’s continuing economic challenges and the rise of competing jurisdictions such as Texas and North Dakota, making the province’s labour market more competitive could improve economic growth and benefit Alberta workers.

— Jan 8, 2019
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Can Alberta Restore Its Tax Advantage?

Can Alberta Restore Its Tax Advantage? finds that for Alberta to become one of the lowest taxed jurisdictions in North America again, the province would require a six per cent single-rate personal income tax. Over the past five years, Alberta went from having the lowest top combined (federal/provincial) personal income tax rate in North America to one of the highest, due to tax increases at the provincial and federal levels and tax cuts in the United States.

— Dec 18, 2018
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Reforming Capital Gains Taxes in Alberta

Reforming Capital Gains Taxes in Alberta finds that Alberta should eliminate the provincial portion of the capital gains tax—lowering it from 24 to 16.5 per cent—to become more competitive with key energy-producing jurisdictions in the United States. Currently nine U.S. states do not impose a state-level capital gains tax, including several key energy-producing states—Texas, Wyoming and Alaska—which directly compete with Alberta for investment, entrepreneurs and even highly-skilled workers.