The province's new top personal income tax rate is now higher than B.C.'s rate.
When the new federal top tax rate takes effect, Alberta will have one of the highest top rates in North America.
To eliminate the deficit, Alberta's government should restrain spending.
If the carbon tax was in fact revenue neutral, Premier Notley's plan would include a clear list of what taxes are going to be cut.
There are many parallels between Alberta’s first NDP premier, Rachel Notley, and Ontario’s only NDP premier, Bob Rae.
In Alberta, to cushion the blow from falling revenues, some claim higher taxes will balance the books. How soon we forget. Alberta tried that in the late 1980s. It didn’t work.
In a recent debate on the pages of the National Post many Albertans might have missed, two economists, Rhys Kesselman from Simon Fraser University, and Jack Mintz from the University of Calgary, sparred over the most desirable tax mix for Alberta. Kesselman wanted Albertas single income tax rate replaced with cascading tax brackets, and structured to ensure higher overall taxes. Mintz advocated a sales tax but with the caveat that it be revenue neutral, i.e., some other tax should be lowered in exchange.