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As of Monday, Alberta’s corporate tax rate dropped from 12 to 11 per cent, bringing it lower than the other two lowest provincial rates Ontario at 11.5 per cent and Quebec at 11.6 per cent. It marks the first of four planned cuts to lower corporate taxes to eight per cent by 2022, delivering on a UCP election pledge.”This is a very positive step to helping Alberta’s economic challenges, getting more Albertans back to work and making life better,” said Adam Legge, president of the Business Council of Alberta.The idea behind the tax cuts is that lower corporate taxes encourage investors and job creators to bring their business to Alberta.Article content continuedThe government predicts the tax cut could create up to 55,000 jobs by 2023. Legge said recent concern and worry over Alberta’s economy is why the government needed to “restore confidence” through the cut.”There is a very clear signal that it sent, that Alberta, as the premier has said, is open for business again.

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canada goose store We are at the point where we require our civic leaders to make tough decisions.I believe the solution is straightforward. We must reduce the cost of government by reducing our year to year operational costs, while at the same time investing in smart capital projects that drive revenue.Article content continuedSo what does this mean?Firstly, it means cutting down on the costs of operations: City council should continue making operational budget cuts and finding efficiencies in the way we run our city. After all, the city’s operating budget is yearly over $3.5 billion, with half of that going towards wages.This advertisement has not loaded yet, but your article continues below.Article content continuedSecondly, it means being smart with our capital spends. canada goose store

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