Varcoe: Two-step tax tune — NDP would cut small business levy, hike rate for larger businesses

Alberta Budget 2023: UCP government posts $2.4 billion surplus, with rise in spending ahead of election

A survey conducted by the group in late March and early April found 74 per cent of its members said reducing the tax burden on small businesses was their top election priority, slightly ahead of reducing energy costs. The UCP noted the proposed hike by the NDP would amount to a 38 per cent boost to the general corporate income tax rate in Alberta at a time when major projects are taking off.

Four years later, the UCP under Jason Kenney won the general election and lowered it to eight per cent to draw more investment into the province.

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