Jim Prentice says PC plan to reduce charity tax credit a mistake

Faced with mounting criticism, Premier Jim Prentice says he is cancelling the Progressive Conservative plan to reduce the charitable donation tax credit.

CALGARY — Faced with mounting criticism, Premier Jim Prentice says he is cancelling the Progressive Conservative plan to reduce the charitable donation tax credit.

The cut, introduced last month in the Alberta budget, would have saved the government about $90 million per year.

Prentice says the change was a mistake that has turned out to be more than simply unpopular.

He says many people felt the move violated Alberta’s moral values.

Prentice says the decision to scrap the cut will not affect his government’s timeline to balance the budget.

The premier says he doesn’t see any other part of his government’s fiscal plan that he would be willing to reconsider.