New Year’s resolutions often focus on longstanding challenges in our lives. Whether it’s kicking an unhealthy habit or finally tackling a problem we’ve ignored, resolutions often reflect a desire to make overdue changes. With this in mind, we propose a New Year’s resolution for the provincial governments in all four Atlantic provinces — lower your business tax rates to match the lowest in Canada and help kickstart your economies.

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Specifically, each province should reduce its general business tax rate — currently 14 to 15 per cent, depending on the province — to eight per cent (the rate in Alberta).

First let’s look at the situation today. The four Atlantic provinces have the highest provincial business income tax rates in Canada — again, ranging from 14 per cent in Nova Scotia and New Brunswick to 15 per cent in Newfoundland and........

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