The problem with Alberta’s cap is that, like much of the Alberta Climate Leadership Plan, it’s arbitrary.
alberta economy
The Alberta government dramatically increased personal and corporate income taxes.
Alberta's provincial government has dramatically increased personal and corporate income taxes.
The Alberta government plans to cap greenhouse gas (GHG) emissions in the province at 100 megatonnes (Mt) annually.
This year Alberta is projected to run a budget deficit of $10.9 billion.
The government has moved from a 10 per cent flat rate personal income tax to a progressive tax with steeper rates.
Province’s net financial position could decrease by another $14 billion in 2016/17, making it a net debtor province.
To eliminate the deficit, Alberta's government should restrain spending.
The federal government may speed up spending on infrastructure projects in Alberta and Saskatchewan.