Friday, September 17, 2021
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Alberta’s UCP government introduces corporate tax cut bill

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The Alberta government tabling Bill 3: The Job Creation Tax Cut today (tues).

If passed, the business tax in Alberta will drop one point to 11% on July 1st of this year.

Finance Minister Travis Toews says the idea is to attract new investment which will help offset the lost tax revenue. “We’re confident that if we move our corporate tax rate down in this province, it will attract business. Again, as there will be some reduction in corporate tax revenues, there will also be the offsetting factor of additional investment which will also offset the reduction in taxes.”

The bill proposes a 1% drop in business tax each year until January 2022 when it will be 8%.

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Bill 3 is getting some bad reviews from the province’s official opposition. Joe Ceci, the NDP’s Municipal Affairs Critic says Jason Kenney is going to cut funding to classrooms and hospitals to “pay for a risky experiment with questionable results elsewhere.”

On the flip side, Canadian Taxpayers Federation Leading economist Jack Mintz estimates the changes will help create at least 55,000 additional jobs in the province.

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Patrick Siedlecki

Pat has been a mainstay in the CJOC News department from the time the station launched in 2007. He’s been in the position of News Director since then and has been anchoring daily news casts as well as reporting and working behind the scenes.

Community is important to him and keeping CJOC listeners and readers informed about what’s happening across southern Alberta and beyond.

Pat has been in radio broadcasting for the past 24 years, starting in Port Alberni on Vancouver Island in 1997 and then moving up island to Nanaimo for another few years before heading to Lethbridge in 2007.

Pat grew up in the small Saskatchewan farming town of Foam Lake. After high school, he went to Western Academy Broadcasting College (WABC) in Saskatoon prior to moving to the island.

Pat also spent several years broadcasting hockey in the BCHL as well as seven years as the radio voice of the Lethbridge Hurricanes in the WHL.

Pat has been working at Cornerstone Funeral Home in Lethbridge as a Certified Life Celebrant and Funeral Assistant since 2016.

News and sports have always been Pat’s passion from the time he was a teenager and he’s always been grateful to have had the opportunity to make that part of what’s been a fun and long radio career!

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