• Sign up for the Daily Digest E-mail
  • Facebook
  • Twitter
  • LinkedIn
Sign up
  • Home
  • Headlines
    • Latest Headlines
    • Columns
    • Discussions
  • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts
    • CAODC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
  • Industry Data
    • Canada Well Licences
    • USA Market Data
    • Data Subscription
  • Jobs

BOE Report

Sign up
  • Home
  • Headlines
    • Latest Headlines
    • Columns
    • Discussions
  • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts
    • CAODC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
  • Industry Data
    • Canada Well Licences
    • USA Market Data
    • Data Subscription
  • Jobs

Sales tax not the answer to Alberta’s fiscal woes: Finance minister

November 30, 20172:31 PM The Canadian Press0 Comments

EDMONTON – Alberta Finance Minister Joe Ceci says he is not considering introducing a sales tax to help cure the province’s financial woes because Albertans don’t support it.

Ceci says the idea of a sales tax came up today when he had a roundtable meeting with economists but says having no provincial sales tax reflects, in his words, “the mindset of Albertans.”

Ceci says the province will continue to try to reduce spending and grow the economy with an eye to balancing the budget by 2023.

Alberta is on track for a $10.3-billion deficit this year and more than $42 billion in debt by next spring.

Economist Robert Kavcic with BMO Capital Markets says Alberta’s low tax regime gives it room to manoeuvre and, from an economic perspective, a consumption tax is the best way to ensure a stable base of revenue in tough times.

Opposition Alberta Party interim leader Greg Clark says the province should have a conversation around a sales tax, adding people will accept such a levy if the government can demonstrate it will use the money prudently.

Follow the BOE Report
  • Facebook
  • Twitter
  • LinkedIn
Sign up for the BOE Report Daily Digest E-mail
Latest Headlines
  • Even without Keystone XL, U.S. set for record Canadian oil imports
  • Oil prices fall as China’s surging COVID-19 cases trigger clampdowns
  • Come check out the BOE Report’s new AER License Transfers page
  • Cenovus to announce 2021 budget and production forecast
  • Irving Oil lays off 60 workers from Saint John refinery, citing collapse in demand

Return to Home
Alberta Gas
CAD/GJ
Market Data by TradingView





    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    Resources
    • App
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contribute
    • Contact
    • Report Error
    Featured In
    • CamTrader
    • Rigger Talk
    Data Partner
    • Foxterra
    BOE Network
    © 2021 Grobes Media Inc.