The part so many people don't get is how badly Alberta is treated in terms of taxation. Norway has a maximum 22% Income tax. They have a 25% VAT. So you are only taxed at 22% on money you save, and only pay VAT on money you actually spend. Total tax 47% on consumption. Norway banks 100% of the Royalty income from their oil and gas. Norway has superior social services and much better health care than Canada.(Norway is rated about 9th in the world, Canada 24th. Even India ranks ahead of Canada)
In Canada, between Federal and Provincial Income tax we are already at 47%. Then add GST, sales tax in other provinces and what the NDP would love to put in place in Alberta, property taxes, school taxes, Carbon taxes etc and we are approaching 60% tax load. Alberta sends the Fed gov, in the form of Federal Income tax, 15 BILLION a year more than we get back. Almost 14 Billion of that goes to cover transfer payments to Quebec. As of 2021, and since 1967, Alberta has contributed 600 BILLION to the feds.
Despite Alberta's out sized contributions, the Federal Government remains completely focused on destroying Alberta's economy, just like it has been since Pierre Trudeau introduced the National Energy Program. Time to find a better way because we will never have the population to force fair treatment within confederation.
Last edited by Dean2; 06-03-2023 at 12:43 PM.
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