If taxes are competitive and firms are incentivized to invest, jobs will be created.
alberta income tax rate
An estimated 1,374 new businesses will not startup in the province due to the higher tax rate.
Since 2015, the Alberta government has increased corporate income taxes, implemented a carbon tax, and introduced more environmental regulations.
When the new federal top tax rate takes effect, Alberta will have one of the highest top rates in North America.
In last week’s federal Throne Speech, the Liberal government restated its intention to create a new, higher top federal personal income tax rate. This tax hike will hinder Canada’s economic performance, but it is of particular concern in Alberta.