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

Just Posted

Four Maskwacis residents charged with 38 crimes Nov. 9

Maskwacis RCMP: four arrested following armed robbery, pursuit and home invasion

Ponoka Broncs fall to Wetaskiwin in final home match

Five graduating players honoured, recognized for their contributions

Almost Midnight Madness almost upon us

It’s the most magical night of the year — if you like… Continue reading

Disney Plus gives Canadians a streaming platform that nearly matches U.S. version

The Walt Disney Company’s new subscription platform unveiled a comprehensive offering of nearly 500 films

Canadian allergists’ group wants Benadryl behind the counter due to side effects

Some doctors say the medication is over-used because of its easy availability

‘We love you, Alex!’: Trebek gets choked up by ‘Jeopardy!’ contestant’s answer

The emotional moment came in Monday’s episode when Trebek read Dhruv Gaur’s final answer

Petition to ‘bring back Don Cherry’ goes viral after immigrant poppy rant

Cherry was fired from his co-hosting role for the Coach’s Corner segment on Nov. 11.

Imperial CEO says no to Aspen oilsands project until Alberta oil quotas gone

Imperial confirmed a plan to boost production from its Kearl oilsands mine

Three men charged after ‘targeted’ shooting, evacuation at Alberta mall

The accused, who range in age from 25 to 37, were arrested Sunday and remain in custody

Ponoka RCMP seeking public assistance in locating missing person

Ponoka RCMP is seeking the public’s assistance in locating 13 year old… Continue reading

VIDEO: Don Cherry says he was fired, not sorry for ‘Coach’s Corner’ poppy rant

Cherry denies he was singling out visible minorities with his comments

Most Read