Jason Kenney speaks to the media at his first convention as leader of the United Conservative Party in Red Deer, Alta., Sunday, May 6, 2018. (THE CANADIAN PRESS/Jeff McIntosh)

Jason Kenney would cut corporate tax rate to eight per cent

UCP leader says that would make it the lowest rate in Canada

Alberta Opposition Leader Jason Kenney says a United Conservative government would drop the corporate income tax rate to eight per cent from 12 per cent by 2022.

Kenney says it would be the lowest rate in Canada and would pay for itself as employers used the tax break to create more jobs, propelling other tax revenues to grow.

READ MORE: Jason Kenney pushes for lower minimum wage for youth, alcohol servers

Kenney says the rate would drop by one percentage point each year, starting this July, if his party should win the spring election.

The UCP’s cornerstone policy is to grow the economy by cutting taxes and eliminating what Kenney says are duplicate or unnecessary regulations and red tape.

Alberta’s 12 per cent corporate tax rate is the same as in B.C. and Saskatchewan, so Kenney says there is no incentive for employers to move from those provinces to Alberta.

Premier Rachel Notley’s government increased the rate two percentage points after the 2015 election.

The NDP have noted that even with the change, Albertans still enjoy the lowest overall tax burden in Canada.

The Canadian Press

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Town of Blackfalds taking next step towards a new brand

Mayor Richard Poole wants everyone in the community to help shape the future direction of Blackfalds

PODCAST: The Expert discusses affordable housing in Lacombe

Members of the Affordable Housing Steering Commission joins the show

Lacombe Curling Club hosts Alberta Senior Provincials

Teams skipped by Wade White, Cheryl Bernard take home top spots

City of Lacombe property owners asked to review their 2020 assessments

Property Assessment Notices were mailed out on Friday February 14

Kin Canada celebrates 100th anniversary in Lacombe

Lacombe Kinsmen Club will be join over 400 clubs nation-wide in celebrating the 100th Anniversary

WATCH: Night Among the Stars Celebrity Dance-off supports Lacombe BBBS

Over $12,000 raised for Dancer’s Edge Parents Association and Lacombe BBBS

Sylvan Lake RCMP on scene at serious, multi vehicle collision

There is no access westbound on Aspelund Road from the intersection.

Carbon risk for Alberta’s public pension manager questioned

AIMCo says nearly $115 billion invested in carbon-intensive industries is on par with other funds

Worker, shocked at future Amazon warehouse in Nisku, has died: family

Colton Quast, 25, was taken to hospital and put in a medically induced coma

Blockade supporting Wet’suwet’en hereditary chiefs on rail line in Edmonton

‘Cuzzins for Wet’suwet’en’ post pics of wooden crates on line, signs saying ‘No Pipelines on Stolen Land’

Higher costs should kill Trans Mountain pipeline, federal opposition says

Most recent total was $12.6 billion, much higher than a previous $7.4-billion estimate

Trudeau says Wet’suwet’en crisis, rail blockades a critical moment for country

First Nations leaders suggest it may be time to peacefully end the blockades

AFN national chief calls for calm on Wet’suwet’en crisis, rail blockades

Hereditary chiefs in the Wet’suwet’en First Nation oppose the natural-gas pipeline

Federal, B.C. ministers seek meeting with Wet’suwet’en in hope of blockade solution

Coastal GasLink signed agreements with all 20 elected band councils along the pipeline route

Most Read