A New World for Alberta… the very slow move away from Oil.
Here in BC we have looked towards Alberta as a low cost tax competitor for years. In BC we were happy to advertise that we have the lowest personal tax rates but we know that we cannot compete with Alberta whose tax system is subsidized by Oil and uses flat tax rates and the lack of sales tax to attract those seeking the benefits.
However using Oil to subsidize Alberta’s tax system has been attacked often by those comparing their Heritage Fund which started later than Alberta’s but is now approaching 1-Trillion Dollars (compared to Alberta’s 17-Billion).