Quote:
Originally Posted by Regorium
Taxing the "poor" is really the last bastion where you could actually make enough revenue to make a difference in the public coffers.
The middle and upper middle classes are tapped out. There's not enough multi-millionaires to tax that makes a difference in terms of paying teachers and doctors.
Adding a PST will actually help. All of the necessities of life are already exempt from sales taxes anyways.
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The most obvious is to raise royalty rates. Also, to raise corporate tax rates.
It was stupid to lower corporate tax rates when the UCP took office. Corporations just took the money and downsized anyway.
2025–2026 Provincial Corporate Income Tax Rates (General/Small Business)
Alberta: 8% / 2%
British Columbia: 12% / 2%
Manitoba: 12% / 0%
New Brunswick: 14% / 2.5%
Newfoundland & Labrador: 15% / 3%
Nova Scotia: 14% / 1.5%
Ontario: 11.5% / 3.2%
Prince Edward Island: 16% / 1%
Quebec: 11.5% / 3.2%
Saskatchewan: 10% / 0%
Upping to 10% would make a massive difference, and not change a thing in terms of corporate offices moving, or any of the usual threats.
Having a 2% royalty before payout, when no one ever reaches payout, is blatant thievery from the province. Even OPEC has a 9% royalty, and they own all of the wells themselves. It's just a protection against future princes bankrupting the country. No resource company would leave, as they would still be making money. They are already downsizing anyway, even with record output.
This province needs balls. Not big ones, normal ones, just the basic minimum.
That's how you get rich as a province. That, and non-corrupt scum in office.