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HILL: Premier Smith should finally undo NDP hikes and help restore Alberta’s tax advantage

11 0
14.08.2024

To truly undo the NDP tax hikes, Smith should replace Alberta’s current multi-bracket PIT system with a single rate of 8%, which would be the lowest provincial rate in Canada and one of the lowest top combined PIT rates in North America. The change would help restore Alberta’s tax advantage...

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During the election campaign, Danielle Smith promised to create a new 8% tax bracket for personal income below $60,000. While the Smith government’s 2024 budget delayed this tax cut, the premier recently said a “substantial” cut is coming soon. That’s good news, but Smith shouldn’t stop at introducing a new bottom rate. It’s time to finally undo the NDP tax hikes and restore Alberta’s tax advantage.

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As recently as 2014, Alberta had the lowest top combined (that is,........

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