Quote:
Originally Posted by AltaGuy
BIG NUMBERS. I know they’re big because you put the billion in caps. Alberta has gone through a deep recession caused by a massive drop in oil prices, and is poised to come out of it fairly well all things considered.
70 BILLION - Albertans are projected to still have the lowest debt-to-GDP ratio in Canada despite the capslock.
Credit downgrades - Credit agencies are not big fans of supply side economics, that’s true.
Biggest tax increase in life - Albertans have been undertaxed severely for a long time. I’m actually pleasantly surprised by Notley’s restraint in this area as Albertans continue to enjoy an effective tax burden in the bottom 2 in Canada. (Ignoring for a moment the whole environmental thing.)
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Are you including the Territories?
If so, Alberta's rates are behind both Nunavut and Yukon at every income point.
Also, Alberta's tax rate is higher than Ontario until you reach income of greater than $100,000.
And our tax rate is higher than BC until an income of $140,000 (those are individual not family)
The Alberta advantage is gone, except for higher incomes, and is marginal even then.