A proliferation of regulations and government interventions have dramatically shaken investor confidence.
If taxes are competitive and firms are incentivized to invest, jobs will be created.
Alberta tax changes have hurt the province’s investment attractiveness.
The Notley government imposed a 100 megatonne cap on greenhouse gas emissions from the oilsands.
Prior to the Notley government tax changes, Alberta’s corporate tax rate was the lowest in Canada.
The Notley government raised corporate income taxes by about 20 per cent.
If investors can fetch a higher after-tax return by investing in Ontario over Alberta, there’s a good chance they will.
Both Saskatchewan and British Columbia now have lower corporate tax rates than Alberta.