Liberals push tax changes for those with over $100K income

Alberta’s top 10 per cent income earners would pay more tax if the Liberals were to form government after next Monday’s provincial election.

CALGARY — Alberta’s top 10 per cent income earners would pay more tax if the Liberals were to form government after next Monday’s provincial election.

Party leader Raj Sherman said in Calgary that anyone making between $100,000 and a $150,000 a year would be taxed at 13 per cent.

That would jump to 15 per cent for income between $150,000 and $200,000.

The tax rate for anyone making over $200,000 would be 17 per cent.

Sherman said the Liberals also would increase taxes on large corporations to 12 per cent from 10 per cent.

Sherman said increasing taxes on the rich would help reduce Alberta’s dependence on volatile resource revenue.

He said his proposed tax changes — along with about $200 million annually in cuts — would see Alberta bring in an additional $1.7 billion a year in revenue.

“At $100 a barrel oil, you can’t look at this PC government’s deficit as a short-term problem,” he said in a release. “Currently we don’t even bring in enough income tax to pay for health care, let alone the rest of government.

“We are paying the monthly bills by selling off parts of the family farm. That’s not responsible. That’s not Albertan.

“There will be a day when the last oilwell runs dry. What will we have to show for a hundred years of oil and gas? What will our children have to show for it?”

Last week, NDP Leader Brian Mason said the New Democrats would increase taxes on big corporations and on individuals making more than $200,000 a year.

Just Posted

Red Deer grassroots movement growing

Online support for Stand Up For A Safe Community

Red Deer students support cancer awareness campaign

West Park Elementary students wear blue

VIDEO: B.C. deer struggles with life-preserver caught in antlers

Campbell River resident captures entangled deer on camera

Japan space rovers lowered to asteroid to collect data

TOKYO — A Japanese spacecraft released two small rovers on an asteroid… Continue reading

Feds to comb social media for Canadians’ pot-related attitudes, behaviour

OTTAWA — The federal government is looking to scour social-media platforms to… Continue reading

Inflation eases to 2.8% as gas price growth slows; core numbers creeps up

OTTAWA — The country’s annual inflation rate eased to 2.8 per cent… Continue reading

4 dead, including suspect, after Maryland warehouse shooting

ABDERDEEN, Md. — An employee at a Rite Aid warehouse opened fire… Continue reading

Trek to scale Alberta mountain ends in hospital for climbers caught in slide

JASPER, Alta. — Two people suffered serious but non-life-threatening injuries when they… Continue reading

Surrey man wins $500K, plans to build house, buy toys and ‘nice dinner’

Sukhwinder Sidhu bought winning ticket at store in Newton

Nominations open again for Toronto election after province’s legal victory

TORONTO — Nominations are once again open for candidates wishing to take… Continue reading

The Gap steps into the men’s athleisure game

NEW YORK — The Gap is stepping in to the men’s athleisure… Continue reading

Most Read