Tax promise, which the Opposition Leader says will restore the province’s competitiveness, forms the clearest dividing line yet between Mr. Kenny’s United Conservatives and Premier Rachel Notley’s governing NDP ahead of the spring election
Jason Kenney speaks to the media at his first convention as Leader of the United Conservative Party in Red Deer, Alta., on May 6, 2018.Jason Kenney, the Leader of Alberta’s United Conservative Party, is promising to cut corporate taxes by a third if his party wins the spring provincial election and said the policy would pay for itself by creating thousands of jobs.
“This will make Alberta, once again, a magnet for job-creating investment with the lowest taxes on employers in Canada,” Mr. Kenney said at a news conference in downtown Calgary on Monday. “We refuse to preside over the gradual economic decline of Alberta.”He cited a vacancy rate in downtown Calgary office space that has been as high as 30 per cent in recent months as a sign of the province’s economic woes. The Conference Board of Canada has warned that Alberta’s economy will grow by only 1.
Asked if she would consider lowering or increasing the corporate tax rate, Ms. Notley promised: “We’re going to leave it right where it is.” Prof. Tombe said past research from the University of Calgary’s School of Public Policy suggested that Alberta’s corporate tax rate would need to surpass 15.2 per cent to reduce revenues.“It’s completely unfair for someone to point to Alberta corporate income tax revenues and say, ‘Look, they are lower, therefore increasing corporate tax rates lowered investment.’ That’s a trope we hear a lot.
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