Alberta’s drive to become the lowest-taxed region for corporations in Canada may not bring the aimed-for economic revival, skeptical economists say.
The province plans to bring its corporate tax rate down to 8% by 2022, far below the current provincial and territorial average of 12.8%.
The government hopes to draw talent, companies, and money—possibly threatening business prospects in neighboring provinces, Business Council of British Columbia President and CEO Greg D’Avignon said in an interview.
“It’s a clear competitive threat not just to B.C. and other provinces in Canada, but obviously, they’re putting a mark down that they’re going to go...