Alberta NDP Releases Costed Budget That Would Hike Corporate Tax Rate to 11 Percent

Alberta NDP Releases Costed Budget That Would Hike Corporate Tax Rate to 11 Percent
Alberta NDP Leader Rachel Notley addresses supporters as she kicks off her campaign for the provincial election in Calgary on May 1, 2023. Colette Derworiz/The Canadian Press
Marnie Cathcart
Updated:

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.