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.

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

Just Posted

Westerner Park faces financial challenges

City of Red Deer assumes temporary financial oversight

Westerner Park asks City of Red Deer for financial help

Westerner Park says it needs city financial support

Pfizer posts 4Q loss, misses Street views, on lower revenue

Drugmaker Pfizer reported a $337 million loss in its fourth quarter after… Continue reading

UK to allow Huawei equipment in 5G networks but not in ‘core’ parts

LONDON — Britain decided Tuesday to give Huawei limited access to build… Continue reading

Country music fans enjoy free concert at Red Deer mall, ahead of ACMA awards

Fans like to get up close and personal and that’s exactly what… Continue reading

Your community calendar

Feb. 1 A Jump Rope Competition will be held at the Abbey… Continue reading

Virus in China affects sports events, Olympic qualifiers

GENEVA — Amid growing concern at the spread of a new virus… Continue reading

Ottawa 67’s boss Andre Tourigny gets call to coach Canada’s junior team

CALGARY — After serving as an assistant coach this year for Canada’s… Continue reading

Juno Awards nominees to be unveiled for music’s big night in Saskatoon

TORONTO — The 2020 Juno Awards nominees are set to be revealed… Continue reading

Harvey Weinstein NYC sex assault trial picks up pace

NEW YORK — The closely watched #Metoo era rape trial of Harvey… Continue reading

Calgary sport school that grooms Olympic champions threatened with shutdown

CALGARY — The National Sport School in Calgary that produces Olympic and… Continue reading

Quebec to seek consensus on offering medical aid in dying to mentally ill

MONTREAL — Quebec on Monday walked back a plan to offer medical… Continue reading

GOP defends Trump as Bolton book adds pressure for witnesses

WASHINGTON — Senators faced mounting pressure Monday to summon John Bolton to… Continue reading

Most Read