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Alberta business tax cuts set for July 1

from Fort McMurray Today

The first in a series of tax cuts for Alberta businesses is slated for July 1, Premier Jason Kenney announced Monday, with a goal to hit an eight per cent tax rate by 2022. Flanked by Finance Minister Travis Toews at a construction company in south Edmonton, Kenney said the first rollback will make Alberta's general business tax rate the lowest in the country. Alberta's 12 per cent corporate tax rate is currently the second-lowest in the nation, sitting half a percentage point higher than Ontario and the Northwest Territories. more

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