Categories
Opinion

Royalty rates aren’t a tax

Non-renewable resources are public resources, and companies who extract them for a profit should pay the public for them.

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News

UPDATED: UCP’s August fiscal update hides severity of budget cuts

An earlier version of this article misrepresented data from the 2020–2021 fiscal update.

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News

Alberta gave $5B in royalty discounts to oil & gas sector since 2015

Through royalty adjustments, the provincial government reduces royalty rates for fossil fuel companies, which they hope will encourage new oil and natural gas reserves and improve the longevity of already existing reserves.

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News

“Conscience Rights Protection Act” MLA to oversee $14M in palliative care funding

The person who wanted to limit access to some aspects of palliative care in Alberta will be responsible for determining how funding is spent on palliative care, potentially including end-of-life care.

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News

6 months after the UCP’s new budget, and oil prices dropping again

And with lower demands driven by a still ongoing pandemic, we might not see oil prices rising significantly for some time.

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News

Royalties funded only 15.5% of Alberta revenue since 2008

We’ve received roughly the same amount in federal transfer payments over the last 13 years as we have royalties, with each of them bringing in a little over 15.5% of the total revenue.

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News

The 10 Alberta industries that generated the most income tax revenue in 2019

10 industries generated 83.5% of corporate income tax revenue collected by the Alberta government in 2019. Guess which one didn’t make the list.

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News

Personal income tax and federal transfers prevent UCP $100 billion debt from being higher

Personal income tax and transfer payments from Ottawa will be the largest sources of income for the UCP government this year. If it wasn’t for them, the provincial debt would be much higher.

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News

Trudeau replaces CERB with 3 new programmes and updated EI, but still no UBI

The federal government announced upcoming changes to income support benefits it’s providing to Canadian workers. But something’s still missing.

Categories
Opinion

Conservative governments cut taxes to increase corporate profit

Conservative governments cut expenses to save money from reduced revenues, because of their tax cuts, which are cut to increase profits for companies.