Since 2015, the Alberta government has increased corporate income taxes, implemented a carbon tax, and introduced more environmental regulations.
albertas carbon levy
Since 2015, the Alberta government has increased corporate income taxes and implemented a carbon tax.
Alberta’s new carbon tax, and higher corporate and personal income taxes, all contribute to a poor investment climate.
Carbon taxes are once again dominating the discussion over energy policy in Alberta, where Environment Minister Diana McQueen has proposed a sharp hike to Albertas carbon levy. Presently, large emitters in Alberta are required to reduce greenhouse gas emission intensity (that is, emissions per unit of production) by 12 per cent, or face a levy of $15 for every tonne they come up short. The new proposal would hike the emission intensity target to 40 per cent, and raise the levy to $40. Nice round numbers, to be sure, but extremely ambitious ones.