The change would save approximately 2.3 million Albertans an average of $1,573 per year.
alberta taxes
The province last year had the 10th-highest top combined income tax rate among 61 North American jurisdictions.
If the government made this change, approximately 2.3 million Albertans would save $1,573 per year (on average).
When resource revenue is relatively high, the government faces pressure to increase spending.
In 2019, the Alberta government spent $2 billion on corporate welfare.
Lower income tax rates incentivize people to work, save, invest and engage in entrepreneurial activities.
Future governments can easily and unilaterally change any law passed by the legislature.
A majority of respondents in the province believe the average family should pay 25 per cent or less of its income in total taxes.
If it held the line on spending, the government could have run a $6.7 billion surplus in 2023/24.