Alberta election fact check: How the UCP, NDP tax plans could affect Albertans
Global News
There are three main tax-related promises coming from the two main parties in the Alberta election.
Of the two things that Benjamin Franklin said are to be certain, only taxes have come up in Alberta’s provincial election.
And each of the major parties have major planks in their platform that involve paying taxes. But they’re in different guises.
The incumbent United Conservatives are promising a new tax bracket of 8 per cent for the first $60,000 of personal income.
And the Alberta NDP are promising to eliminate the small business tax for some small corporations while also increasing the corporate income tax rate to 11 per cent, keeping it the lowest in the country.
The UCP claim their new tax bracket would save each person $760. And they claim the NDP’s tax increase will lead to the province’s economic ruin.
Let’s take a look at those and other claims.
At the start of the election period, the UCP came out of the gate with the promise of the new tax bracket.
The 8-per cent tax bracket for the first $60,000 of income was promised to save $760 per adult or $1,500 per family.