Quote:
Originally Posted by crazy_eoj
Yes, and if we increase taxes to the absurd amounts that Quebec has, and chase businesses away, those equalization payments will come from....Denver?
Quebec is rewarded for it's business detroying economic climate by happening to have neighbors with thriving economies. If we all were like Quebec, the revenue generating capacities of every province would be substantially lower and thus social programs would have to be substantially cut across Canada.
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This is a bit simplistic, but I trust the point will be made nonetheless:
Alberta corporate tax rate: 10% (+ federal corporate tax rate of 28.4% = 38.4%) [Source:
http://www.finance.alberta.ca/public...tes/hist1.html]
Quebec corporate tax rate: 11.9% (+ federal corporate tax rate of 28.4% = 40.3%) [Source:
http://www.investquebec.com/en/index.aspx?page=332]
The "business detroying economic climate" rhetoric is just wishful thinking from Alberta boosters.