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    Business council calls for re-examination of provincial revenue model

    YYC TimesBy YYC TimesApril 13, 2023No Comments7 Mins Read

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    Every little thing must be on the desk, together with dialogue of a provincial gross sales tax, mentioned Adam Legge, president of the Enterprise Council of Alberta

    Revealed on April 13, 2023 • Final up to date 0 minutes in the past • 3 minutes studying

    FILE PHOTO: Adam Legge, president of the Business Council of Alberta, in Fort McMurray, Alta.  on October 19, 2022.
    FILE PHOTO: Adam Legge, president of the Enterprise Council of Alberta, in Fort McMurray, Alta. on October 19, 2022. Vincent McDermott/Fort McMurray Right now/Postmedia Community

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    The Enterprise Council of Alberta is asking for a re-evaluation of the province’s income mannequin to interrupt the boom-and-bust cycles which have plagued the provincial economic system.

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    The group is asking for the creation of a panel just like the MacKinnon report on Alberta’s funds. Every little thing must be on the desk, together with dialogue of a provincial gross sales tax, council president Adam Legge mentioned in an interview with Postmedia Thursday morning relating to the discharge of the group’s election coverage platform.

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    “We all know that that is political suicide in Alberta, so I am involved that the dialog will proceed however with out consideration of what’s a really viable possibility, and that we’re actually not going to get to the proper resolution.” he mentioned.

    The thought of ​​a provincial gross sales tax just isn’t fully overseas to Alberta. This can be a key plank within the Alberta Get together platform as a method to offer sustainable funding, whereas the Alberta Liberal Get together proposed an HST in 2019 whereas reducing revenue taxes. Each events had been shut out of the legislature within the final election.

    Alberta is the one province with no provincial gross sales tax or harmonized gross sales tax.

    CCUS, carbon tax amongst matters raised

    With the transition to greener applied sciences and away from oil and gasoline, this sort of ahead pondering is crucial, Legge mentioned.

    The platform notes that oil and gasoline will proceed to function an integral a part of Alberta’s economic system so long as there may be demand for hydrocarbons.

    The council is asking on the following authorities to develop a stackable provincial carbon seize use and storage incentive to enhance the federal authorities’s CCUS funding tax credit score. Many organizations have known as on the province and Ottawa to extend assist of CCUS packages to encourage funding and to stay aggressive with the US

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    The platform additionally notes the necessity for the event of an Alberta Vitality Options technique to additional promote Alberta as a world chief in low/no-carbon energies, minerals and supplies. These embody renewable pure gasoline, geothermal, hydrogen, small modular nuclear, carbon fiber, crucial minerals and petrochemicals.

    The report additionally mentioned it is time for Alberta to revamp its personal shopper carbon tax, in favor of the federal program.

    Legge mentioned the Supreme Courtroom was clear in its rulings on the carbon tax and it was time for the province to just accept it.

    “The fact is they don’t seem to be going away and it is a matter of management,” Legge mentioned. “We should reassert our management over the gathering and distribution of that cash.”

    Investing in post-secondary issues: report

    The platform additionally requires continued funding in post-secondary schooling to develop a talented workforce that’s in demand.

    Legge particularly recognized science and expertise, engineering and well being care as areas requiring funding.

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    Legge credited the federal government for making progress on adjusting immigration fashions and credibility targets, and the Expert Labor Mobility Act, however extra work is required. He pointed to well being care and the Nova Scotia mannequin, by which a nurse may be recertified inside 24 hours, a course of that may take months if not years in Alberta.

    The objective of the coverage platform is to make sure that Alberta has the chance to be a world chief in offering options within the areas of meals and agriculture, power, supplies and minerals, and in medical and wellness alternatives.

    Legge mentioned Alberta has a historical past of with the ability to keep forward of the curve, and argues it is time for Alberta to take an identical strategy once more.

    “We actually really feel that Alberta is at a time limit the place we now have to be very purposeful in regards to the selections that we make and the imaginative and prescient that we embrace as a province and subsequently what we will lean in direction of,” he mentioned.

    jaldrich@postmedia.com

    Twitter: @JoshAldrich03

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