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Fraser Institute News Release: Flat 8 per cent personal income tax would save Albertans $1,573 a year, on average
CALGARY, Alberta, April 03, 2024 (GLOBE NEWSWIRE) — Reversing the 2015 provincial personal income tax rate increases and instituting a flat eight per cent tax rate would help restore Alberta’s tax advantage while saving taxpayers $1,573 a year,
As recently as 2014, Alberta had a single 10 per cent personal and corporate income tax rate. As a result, it had the lowest top statutory combined federal and provincial/state personal income tax rate and business income tax rate in North America. In 2015, however, the provincial government increased both personal and business income taxes. Read More
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