Alberta NDP pledges to eliminate small business tax if elected

In her announcement on Monday in Calgary, Notley committed that an Alberta NDP government will eliminate small business taxes for more than 100,000 small businesses, including retail establishments, restaurants, mechanic shops, family farms, and more. She said small businesses are a major economic driver in the province, employing more than one million Albertans.

The small business tax rate in Alberta currently sits at two per cent on the first $500,000 of income generated. The NDP said in a media release that small businesses would save up to $10,000 per year, at an estimated cost of $150 million to the Government of Alberta.

Notley also pledged that the Alberta NDP government would not raise personal income taxes and would not introduce a provincial sales tax.

“Eliminate the small business tax is a bold proposal that will keep local businesses thriving and help owners reinvest in their staff, their products, and their work supporting our economy,” Notley said. “Along with bringing back the STEP program, this announcement makes it clear that Alberta’s NDP is the only party in this election with a plan to support small businesses.”

The NDP says the move is intended to support small businesses negatively impacted by the COVID-19 pandemic. As a result, the current small business tax rate of two per cent would continue to apply to professional corporations, such as law firms or consulting firms.

Notley stated that at the height of the pandemic, multiple small business owners waited months for promised relief payments or found themselves excluded from the UCP’s Small and Medium Enterprise Relaunch Grant.

In April 2021, then-Premier Jason Kenney stated that over $985 million had been distributed to businesses.

READ: Province puts up another $350M in pandemic relief for small business

According to Statistics Canada, there were approximately 159,000 small businesses in Alberta as of 2021, meaning companies who employed fewer than 100 workers.

The Alberta NDP says they have a plan to attract $20 billion dollars in new private-sector investment and create more than 47,000 well-paying, industrial jobs across the province.

On Monday, Calgary-Hays UCP candidate Ric McIver claimed the NDP has instead a high-tax agenda.

“Rachel Notley’s plan to increase taxes on Alberta job creators will kill thousands of jobs and depress the entire economy, just like it did in 2015 — negating any benefit of a small business tax reduction. Under an NDP government, many small businesses would no longer have to pay taxes on profit — because their profits would be gone,” he said in a statement.

“In 2015, the NDP imposed a 20 per cent tax hike on Alberta job creators. This created a job crisis, drove billions in investment out of the province, incited consecutive credit downgrades, and forced families to move out of Alberta for an unprecedented 13 consecutive quarters. Further, the NDP lost more and more business tax revenue, as investment left the province for more competitive jurisdictions across Canada and North America, emptying out our communities.

“Everybody knows that the NDP is the party of high taxes. The UCP is committed to making life more affordable by cutting taxes for all Albertans, including small business owners and their customers — starting with personal income taxes.” powergaming88 powergaming88 powergaming88 powergaming88 powergaming88 powergaming88 powergaming88 powergaming88 slot zeus nolimit city sv388 slot jepang scatter hitam slot thailand link slot thailand 777 slot powergaming88 slot luar negeri slot gacor maxwin slot gacor hari ini slot gacor terbaru mahjong ways 2 slot thailand jp slot slot bni slot bri slot bsi slot danamon slot gopay slot server korea slot malaysia slot amerika slot rusia fan tan monopoly live lightning roulette mega ball sweet bonanza candyland mega sic bo mega baccarat andar bahar sbobet88 ktm303 slot dubai slot qris powergaming88 Slot Thailand Slot Zeus Pg Soft Starlight Princess Slot Gacor Maxwin Joker123 Sv388 Slot Thailand Slot Thailand Slot Qris slot thailand joker123 mahjong ways 2 888slot sweet bonanza slot jepang slot thailand slot mahjong ways slot qris slot deposit dana slot dana nolimit city slot thailand sv388 slot888 slot kamboja Slot Thailand Starlight Princess Mahjong Ways 2 Slot Maxwin slot thailand akun pro kamboja slot filipina joker123 slot zeus slot88 slot thailand slot mahjong slot megaways NEW SLOT POLA GACOR Slot Server Luar jp slot slot ganas crazy time live slot qris slot akurat slot bca slot bni qris slot zeus server thailand server hongkong slot ovo slot gopay slot linkaja joker123 nolimit city sv388 starlight princess mahjong ways pg slot slot zeus sv388 idn slot slot server thailand slot thailand ladangtoto nolimit city koi gate sicbo online roulette online lice casino live22 baccarat online nolimit city slot ovo slot gopay pragmati play starlight princess slot pg soft slot mahjong slot zeus sv388 digmaan slot mania slot zeus slot thailand server thailand ying77 slot thailand judi bola live casino sv388 pg soft slot dana mahjong ways slot mania slot x500 ladangtoto slot server kamboja digmaan digmaan slot88 scv388 sabung ayam online slot live casino sicbo online live casino online slot thailand ladangtoto sv388 ladangtoto powergaming88 66kbet powergaming88 slot thailand ladangtoto slot thailand server thailand slot thailand slot thailand slot thailand slot gacor ladangtoto2 ying77 bet server thailand slot thailand ying77 slot88 ladangtoto ladangtoto slot maxwin sv388 sv388 slot gacor 66k bet slot dana sabung ayam inline slot mahjong slot toto slot server thailand slot gacor slot server thailand slot gacor slot thailand situs slot wwg slot slot daftar judi slot online indonesia slot gacor slot mawin slot gacor slot thailand slot gacor slot gacor demo slot pragmatic sv388 slot88 pgsoft Daftar Judi Slot Online Indonesia Paling Gacor di Indonesia Daftar Situs Judi Slot Online SLOT88 lucky neko slot gacor slot88 slot kakek slot maxwin slot thailand Slot Mahjong Ways 2 Mudah Jackpot Paus di PG Soft Hari ini 2023 Lucky Neko Situs Slot Gacor Pgsoft Hari Ini SITUS SABUNG AYAM SV388 ONLINE DAFTAR LINK LOGIN APK AGEN SV388
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