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Despite years of CFIB urging both the federal and provincial government to reconsider the carbon tax, the Alberta government raised the rate to $30/tonne on of Jan 1, 2018.
You and other members have reported that carbon taxes:
Last year, the Alberta small business corporate tax rate was decreased as the carbon tax increased in effort to offset the rising cost. However, there hasn’t been a decrease to the small business rate (which is currently at 2%) since January 1, 2017.
Small business owners question how the province can justify carbon tax increases without offsetting measures. Recent survey data also showed that 83% of our members believe the provincial small business corporate income tax rate should be lowered to zero to mitigate the impact.
The provincial small business corporate income tax rate should be lowered from 2% to zero to offset increasing carbon taxes
Source: CFIB Alberta Pre-budget Survey, February 22, 2018, n=1040.
We will continue to remain vocal about the carbon tax – please continue to share your stories with us!
Recent media hits:
Business in Edmonton: Edmonton businesses are determining how to work with (or against) the carbon tax
Airdrie Echo: Locals weigh in on carbon tax
Rocky View Weekly: Some local small business owners against carbon tax