Alberta Minute: Minimum Wage, Business Taxes, Red Tape, And A Change Of Mind

Alberta Minute – Your weekly one-minute summary of Alberta politics.

Alberta Legislature by IQRemix on Flickr

This Week In Alberta:

  • Most of this week will be filled with introduction of new bills, with at least 12 pieces of legislation expected during the “Summer of Repeal”. Bill 2 will be the Open for Business Act which introduces a lower minimum wage for young workers, and restores the right to a secret ballot in union certification votes.
  • Bill 3, the Job Creation Tax Cut Act, will also be introduced this week and drops Alberta’s business tax rate from 12% to 8% (the previous government had raised it from 10% to 12%). Economists estimate that this reduction will generate 55,000 new full-time jobs, and increase the size of Alberta’s economy by $12.7 billion.
  • Bill 4, the Red Tape Reduction Act, will measure, report and reduce regulation imposed by the Government, with the aim of reducing the overall regulatory burden by one third. The Act will also be amended later in the year to set legislated timelines for various regulatory approval processes.

 

Last Week In Alberta: