https://www.alberta.ca/revenue.aspx
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Corporate income tax revenue is estimated at $4 billion in 2022-23. Revenue from the corporate income tax rose dramatically in 2021-22, increasing $2.8 billion from Budget 2021 as energy prices strengthened and economic activity broadened, supporting growth in corporate profits. Alberta has the lowest corporate income tax rate in Canada, which is part of the government’s efforts to foster a competitive business environment and attract investment. As more companies expand their businesses in Alberta, revenue from the corporate income tax will continue to increase.
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I’m not in favour of a PST but would be willing to compromise on implementing one if it was done in conjunction with bringing the corporate tax rate back up to 12% and earmarking half of the revenue towards public programs.
By their own estimates the UCP’s corporate tax cut is going to reduce our province’s corporate tax revenue by $2B this year. Someone else might who is more familiar with the data may be able to explain how much a PST of say 5% would raise but in any event if the goal is to create a more sustainable provincial taxation model then the corporate interests who make money off of the labour and resources of Albertans should also be expected to do their part.