In 2017, Alberta’s net contribution to the federal government was $21.8 billion and Ontario’s was $16.6 billion.
The province's unemployment rate is 7.3 per cent.
Far more Albertans are receiving EI payments today.
The Notley government raised corporate income taxes by about 20 per cent.
The Notley government forecasts it will add $13.6 billion in debt this year.
Alberta Premier Jim Prentice has warned Albertans that the current fiscal year’s projected surplus has turned into at least a $500 million deficit and that next year’s budget will sink deeper into red-ink territory.
After governments abandon fiscal prudence, they will soon search for any and all ways to tax people more. This is the reality playing out in Alberta where Premier Jim Prentice has floated multiple tax increase trial balloons.
With the price of oil plunging to below $50 per barrel and the outlook for Alberta’s economy and provincial budget revenues falling in tandem, an oft-heard piece of advice is being recycled: Alberta should diversify its economy.