Lower income tax rates incentivize people to work, save, invest and engage in entrepreneurial activities.
alberta tax system
A majority of respondents in the province believe the average family should pay 25 per cent or less of its income in total taxes.
The province's top combined income tax rate increased from 39 per cent in 2014 to 48 per cent today.
Lower tax rates improve incentives for people to work, save, invest and engage in entrepreneurship.
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.