UCP would cut corporate tax rate to eight per cent: Kenney

“170,000 Albertans are out of work, tens of thousands have given up looking for work, the average family’s take home pay is down by $6,400 since the NDP came to office, and unemployment has been on the rise for six of the past eight months,” said Kenney. “We cannot continue like this. We need real change that gets Alberta back to work.”

Alberta’s 12 per cent corporate tax rate is the same as in B.C. and Saskatchewan, so Kenney says there is no incentive for employers to move from those provinces to Alberta.

Premier Rachel Notley’s government increased the rate two percentage points after the 2015 election.

The NDP have noted that even with the change, Albertans still enjoy the lowest overall tax burden in Canada.

Notley told a rural educators’ conference Monday that a corporate tax cut would jeopardize funding for enrolment growth and new schools.

“Mr. Kenney and the UCP are promising to cut from our kids classrooms and give a 33 per cent tax break instead to profitable corporations,” said Notley. “We need to make sure Alberta works for everyone –especially those kids – not just the very, very rich and corporate elite.”

(With file from The Canadian Press, Alberta NDP and UCP media releases)

by rdnewsNOW staff

UCP would cut corporate tax rate to eight per cent: Kenney

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