Alberta to Raise Taxes, Push Forward With Royalty Review

Alberta’s new left-of-center government will push ahead with a tax increase for corporations and high-income earners before the Legislature’s summer recess, Premier Rachel Notley said.

Her New Democratic Party government will also move quickly on a review of oil royalties and will “listen” to the findings if it indicates that it’s not a good time to raise the rates producers pay in the current price environment, Notley said. She expects to diclose how the review will proceed by the end of summer. As for a bill on income tax, Notley plans to abolish a flat rate, following up on a promise made during the election last month.