There are three main tax-related promises coming from the two major parties in the Alberta election relating to income taxes, small business taxes and corporate taxes.
“ a great policy from a progressivity standpoint and what we did publish, Gillian and I, was talking about how the narrative that everyone is going to save $760 a year is false,” she told Global News.Tedds says the $760 per person is a best-case scenario and technically correct, but is most likely to be realized on the higher end of incomes.
Tedds said, due to the income distribution among the sexes and how Canada’s tax system works, “the $760 is concentrated amongst high income men.” Tedds was surprised to hear an Alberta conservative party proposed another tax bracket, given the Klein-era legacy of the flat tax system that was in place from 2001 to 2015.The NDP’s plan to increase the corporate tax rate from eight per cent to 11 in a bid to raise revenues was released on May 16 as part of the New Democrats’ costed platform.Under the NDP plan, corporate taxes in Alberta would remain the lowest in the country.The UCP called it a “job-killing strategy.
Tombe disagrees with those numbers, especially the jobs numbers. Using a method from research based in the United States, he would land on a job loss of about half of what Mintz reached.
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