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News

Chair announced for new Invest Alberta connected to $55,000 in PC & UCP donations

As I reported earlier, the corporation will be governed by a board of directors, including a chair and vice-chair. That board was approved today.

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News

UCP government to spend $58M on 20 private natural gas projects

More than a quarter of those projects are out of province.

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News

How did Alberta’s economy fare under Jason Kenney in 2019?

Each week, the provincial government releases an economic update. I decided to finally look at the most recent one, and here’s what I found.

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News

Alberta plans to spend $18 million to set up new Invest Alberta Corporation

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.

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News

Why an 8% corporate tax rate won’t create 55,000 jobs

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.

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News

Alberta cuts $250,000 from Indigenous business investment grant

The provincial government recently announced that applications for the Aboriginal Business Investment Fund opened on 29 June. Except they forgot to mention something.

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News

UCP announced $10 billion in capital spending. Here’s why it’s misleading

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.

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Opinion

Debunked: Alberta doesn’t send the most money to Ottawa

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.

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News

Alberta eliminated 60,000 public sector jobs since July 2019

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?

Categories
Opinion

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.