Quote:
Originally Posted by Regorium
Why not provincial?
5% PST in Alberta would easily pay for everything the teachers wanted and have some left over for health care.
Going to 10% GST doesn't make sense because other provinces already funded their respective programs.
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Or instead of putting another tax on the people, just tax corporations at a higher rate. The cost of living in Alberta is getting out of control as it is without putting another burden on individuals in the form of a PST.
8% is an absurdly low rate.
When you look at the other provinces most of them have a 12% tax rate, including super conservative Moe in Saskatchewan. Ontario has a bold 11.5%.
There is no reason for Alberta to be 3.5% below the other provinces and we are truly not seeing any benefit from it. It is not like any of the O&G companies are retaining extra staff because of the lower tax rate, they are just putting more profits into shareholder's pockets.
Even if we set Corporate taxes to 11% they would still be the lowest in the country and it would result in a few billion in additional revenue.