Quote:
Originally Posted by #-3
So really what is shown is that Alberta is collecting ~88% of their taxes from people when it should be closer to ~82% looking at bench marks.
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I think 2020 is an outlier based on what COVID did to oil and gas companies earnings and general confidence for that year. Previous to that, it ranged from as low 24.9% in 2016 as the 2014 oil crash continued to hurt the Alberta economy to 30% in 2019.
The 2021 and 2022 data will be interesting to compare corporate tax revenues from the recovery in oil and gas prices with the current 8% corporate tax rate versus previous strong oil and gas years with higher tax rates.