$10B infrastructure investment at the core of Alberta's economic rebuild plan

Cornelia Mascio
Luglio 1, 2020

"These strategic projects will be spread across every region of the province, and will include the twinning of highways, projects that support growth in the agricultural sector, gas line extensions for northern residents, treatment facilities for Albertans recovering from addictions, and other important projects", the province said in a release. The rate will drop from the current 10 per cent to 8 per cent, as of this week.

"It's going to be hard to quantify the implications of any policy change right now", Tombe said, adding that the province's estimate of 55,000 new jobs created by the tax cut over the next four years "is not an implausible estimate".

He said extraordinary measures are needed to ensure Alberta rebounds from the double whammy of the pandemic and a global oil price war that has sent unemployment soaring.

Alberta would also table an economic outlook later this summer that would provide a "frank" look at the province's finances following the coronavirus-induced shutdown of the economy, Kenney said in an interview.

Kenney cut the corporate income tax rate to 10 per cent from 12 per cent after taking office last year, and that figure was to go down to eight per cent in the coming years but it will now be done immediately.

NDP Leader Ryan Meili said the Alberta approach on taxes is unwise.

"Alberta can be more highly competitive now".

Altre relazioniGrafFiotech

Discuti questo articolo

Segui i nostri GIORNALE