The Trudeau government created a new top tax bracket that raised the top federal rate to 33 per cent.
alberta tax system
Texas has no state-level personal or corporate income tax.
Until recently, Alberta had the most pro-growth tax regime in Canada.
Cutting Alberta’s corporate income tax to 8 per cent would substantially improve Alberta’s competitiveness.
The province has one of the highest top personal income tax rates in North America.
If taxes are competitive and firms are incentivized to invest, jobs will be created.
Alberta tax changes have hurt the province’s investment attractiveness.
Both Saskatchewan and British Columbia now have lower corporate tax rates than Alberta.