Corporate tax cuts now in effect in Alberta
EDMONTON- Corporations in Alberta will pay less in taxes this summer with further decreases down the line.
As of Canada Day, the province’s “Job Creation Tax Cut” will lower rates from 12% to 11%.
On January 1st, 2020, it will go down to 10%.
“These tax cuts are a vital part of our plan to reignite the economy, support job creators and get Albertans working again,” says Premier Jason Kenny. “I am very proud to say that our government has also moved quickly to repeal the job-killing carbon tax, implement common-sense labour changes, reduce needless red tape and say to the world, ‘Alberta is once again open for business.’”