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Newsjock

(11,733 posts)
Mon Jun 15, 2015, 09:04 PM Jun 2015

Alberta's new NDP leadership to raise corporate taxes, end flat income tax

Source: The Globe and Mail

The first steps of Alberta Premier Rachel Notley’s NDP government were unveiled on Monday in a Speech from the Throne announcing immediate plans to raise the province’s corporate and personal income taxes while ending political donations from corporations and unions.

... The NDP government’s first bill, entitled An Act to Renew Democracy in Alberta, will end all corporate and union donations to political parties in the province. Ms. Notley also announced plans to strike a special committee of MLAs to conduct a larger review of the province’s election laws.

... The NDP’s second bill will increase the province’s corporate tax rate to 12 per cent from 10 per cent and end the province’s flat income tax, something Ms. Notley characterized as a “brief and unfortunate experiment.”

... The NDP campaigned on a pledge to increase the income tax for those making more than $125,000 to 12 per cent, while also adding a second bracket of 15 per cent for those making more than $300,000.

Read more: http://www.theglobeandmail.com/news/national/alberta-throne-speech-unveils-increase-to-corporate-personal-tax/article24966607/

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