Tuesday, June 30, 2020

Tax Cuts

Kenney gets it:

Alberta Premier Jason Kenney unveiled his provincial economic recovery plan on Monday, pledging billions in new investments and a significant corporate tax cut. 

The Kenney government announced that it would reduce the provincial corporate tax rate to 8% from 10%, making it the lowest in the country. 

The tax cut is expected to go into effect on July 1, a year and a half before planned. The government expects the measure to introduce 55,000 new jobs into Alberta and attract $4 billion in investment.

The current corporate net tax rate for small businesses in Canada is 8%. Things will only get worse due to the coronavirus lockdown.

Justin has gone out of his way to make Canada investment-repellent.

Because snowboard instructor.

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