Lower tax rates improve incentives for people to work, save, invest and engage in entrepreneurship.
alberta tax system
In 2015, the government replaced the single-rate personal income tax with five tiers that include a top rate of 15 per cent.
The Trudeau government created a new top tax bracket that raised the top federal rate to 33 per cent.
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.