New government plans to reduce rate to 8 per cent.
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.
Ontario once benefitted from some of the lowest power prices on the continent—not now.
High corporate income tax rates can undermine economic performance.
If investors can fetch a higher after-tax return by investing in Ontario over Alberta, there’s a good chance they will.
Ontario’s top combined provincial-federal tax rate is 53.53 per cent—the second highest in Canada and the United States.
Business subsidies can also irritate our trading partners, threatening Canadian access to foreign markets including the U.S.
Private-sector investment is slated to fall again this year—the fourth consecutive annual decline.