Alberta’s New Democrat Party (NDP) has released a costed budget 13 days ahead of the provincial election on May 29, which commits to net-zero carbon tax targets, increases spending across the board, and raises the corporate tax rate in Alberta from 8 percent to 11 percent.
The NDP states the tax increase will increase revenue by $6.2 billion over three years and would be the “lowest in the Country,” according to the budget released May 16.
The budget is based on recommendations by economist Todd Hirsch, former chief economist at the government-owned Alberta Treasury Branch. Hirsch was commissioned to prepare a financial report for the NDP in fall 2022. NDP Leader Rachel Notley said the party accepted his recommendations in full….