If passed, a new bill would allow the provincial government to create a new corporation, which it plans to spend $6M a year to operate.
Tag: economy
The UCP government decided that one key to boosting the economy is reducing the tax rate to 8%, 2 years earlier than planned. Except tax cuts don’t create jobs.
The provincial government recently announced that applications for the Aboriginal Business Investment Fund opened on 29 June. Except they forgot to mention something.
The UCP government released the Alberta’s Recovery Plan this week. One thing highlighted in the recovery plan is capital spending of over $10 billion, “the largest ever capital spend” in Alberta.
The idea that Alberta has contributed more than any other province is a complete myth. Alberta, as a government, has never contributed to the equalization programme.
Last week, I reported that Alberta has lost 300,000 full-time jobs since the Alberta government implemented their “Job Creation Tax Cut” in July 2019. But how many of them were public sector jobs?
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Corporate tax breaks don’t create jobs
You’ve probably heard people—sometimes even politicians—claim that giving businesses tax breaks creates jobs. Here’s why that’s a myth.
Last month, the Alberta government announced the Economic Recovery Council. Here’s some background on each council member, including political donation history.