Alberta NDP pledges to eliminate small business tax if elected
CALGARY – Alberta NDP Leader Rachel Notley has announced a campaign commitment that she claimed would save many small businesses thousands of dollars.
She said, if elected, her government would completely eliminate the small business tax.
“Alberta’s small business owners have been through the ringer over the last few years and they deserve better from their government,” said Notley. “By eliminating this tax, we can help thousands of local businesses get back on their feet, and we can support aspiring entrepreneurs to pursue their dreams.”
The small business tax rate in Alberta currently sits at two per cent on the first $500,000 of income generated. The NDP said in a media release that more than 100,000 small businesses would save up to $10,000 per year.