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Tax Competition Might Not be Enough to Boost Alberta’s Economy

Sept. 4, 2019, 8:46 AM

Alberta’s drive to become the lowest-taxed region for corporations in Canada may not bring the aimed-for economic revival, skeptical economists say.

The province plans to bring its corporate tax rate down to 8% by 2022, far below the current provincial and territorial average of 12.8%.

The government hopes to draw talent, companies, and money—possibly threatening business prospects in neighboring provinces, Business Council of British Columbia President and CEO Greg D’Avignon said in an interview.

“It’s a clear competitive threat not just to B.C. and other provinces in Canada, but obviously, they’re putting a mark down that they’re going to go ...

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