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 Notleys NDP government were unveiled on Monday in a Speech from the Throne announcing immediate plans to raise the provinces corporate and personal income taxes while ending political donations from corporations and unions.
... The NDP governments 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 provinces election laws.
... The NDPs second bill will increase the provinces corporate tax rate to 12 per cent from 10 per cent and end the provinces 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/