Jason Kenney speaks to the media at his first convention as leader of the United Conservative Party in Red Deer, Alta., Sunday, May 6, 2018. (THE CANADIAN PRESS/Jeff McIntosh)

Jason Kenney would cut corporate tax rate to eight per cent

UCP leader says that would make it the lowest rate in Canada

Alberta Opposition Leader Jason Kenney says a United Conservative government would drop the corporate income tax rate to eight per cent from 12 per cent by 2022.

Kenney says it would be the lowest rate in Canada and would pay for itself as employers used the tax break to create more jobs, propelling other tax revenues to grow.

READ MORE: Jason Kenney pushes for lower minimum wage for youth, alcohol servers

Kenney says the rate would drop by one percentage point each year, starting this July, if his party should win the spring election.

The UCP’s cornerstone policy is to grow the economy by cutting taxes and eliminating what Kenney says are duplicate or unnecessary regulations and red tape.

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.

The Canadian Press

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

UPDATE: Heartland Youth Centre has named the winners in this year’s fundraising raffle

Nan Gardner has won the grand prize of the 2020 GMC Terrain

Town of Stettler sports fields close for improvements

The Turf Revitalization Plan has been expedited from the initial five-year strategy

Still no confirmed active COVID-19 cases in Red Deer, central zone

There are 15 new confirmed cases were in Alberta, the province said Thursday

It’s back to business at Stettler’s Superfluity

This year also marks organization’s 40th anniversary

Alberta RCMP remind citizens to create a nightly #9PMRoutine

‘We are using #9PMRoutine because of its popularity across the globe.’

Alberta Opposition calls on government to consult on provincial parks

Alberta Opposition calls on government to consult on provincial parks

Alberta overhauls real estate regulator in wake of prior dysfunctional board

Alberta overhauls real estate regulator in wake of prior dysfunctional board

Alberta registrar reverses rejection, man gets to have FREE AB licence plate

Alberta registrar reverses rejection, man gets to have FREE AB licence plate

Alberta imposing steep penalties but no charges on first-time impaired drivers

Alberta imposing steep penalties but no charges on first-time impaired drivers

Most Read