[GGG]

Originally Posted by IliketoPuck

A bit of a longer read, but Mr. Yager raises a few good points:

http://energynow.ca/murray-edwards-t...yager-mnp-llp/

I'm confused by the article. He seems to state that the reduction in corporate taxes drew industry to Calgary. Then he credits this starting in 1996.

Any one care to guess what the corporate tax rate was in 1996?

Hint: It wasn't 10%, In fact it was above 12%.

http://www.finance.alberta.ca/public...tes/hist1.html

this doesn't go back to 1996 but much to my surprise we have only had a corporate tax rate lower than 12% since april 1st 2003. When IOL made its decision to move to Calgary in 2004 the tax rate was 11.5%. Or about what it is now.

Its revisionist history to credit a 10% corporate tax rate as the goldilocks of tax rates and that the 20% increase somehow negates the alberta advantage. Its most significant head office acquisitions occurred when the tax rate was roughly what it is now or higher.