The Canadian Taxpayers Federation (CTF) gave a failing grade to the Alberta NDP’s plan to hike taxes..“This NDP plan would hike taxes on job creators and that’s a reckless thing to do in a province that’s booming and hiring thousands of people,” said Kris Sims, Alberta director for the Canadian Taxpayers Federation..“People are flocking here in record numbers to work hard and pay lower taxes, this huge NDP tax hike would be a scarecrow for entrepreneurs.”.On Tuesday, the Alberta NDP announced it would hike the province’s general business tax rate from 8% up to 11%..The CTF said revenue collected by the government from the business tax is actually increasing with the lower tax rate..The CTF said Alberta is forecasted to pull in $6.4 billion from the business tax in 2022-23..That’s an increase from the $4.8 billion the government collected in business tax back in 2018-19 when the tax rate was at 12%..The CTF also said the NDP pledged to drop the small business tax rate down to zero, matching the rate in Saskatchewan..“Albertans want lower taxes, a more affordable life and a booming economy,” Sims said..“The NDP is right to lower small business taxes, but then it’s poking a huge hole in the economy by hiking the general business tax. The government should cut taxes on all job creators to keep Alberta booming.”.READ MORE: UCP warns of devastating impact of Notley's 38% business tax hike.The UCP claims Alberta NDP leader Rachel Notley’s 38% business tax increase will kill hundreds of thousands of Alberta jobs..“Rachel Notley admitted she plans to punish Alberta businesses by increasing their tax rate by 38%,” said Fort McMurray-Lac La Biche UCP Candidate Brian Jean..“Albertans deserve better and last time Rachel’s NDP increased taxes like this, Albertan businesses fled the province for 13 consecutive quarters, investors looked the other way, and our revenue plummeted.”
