[Newsbot]

Title: Taxing times for small businesses | CTV Calgary News
Category: Economics
Posted By: uwish
Date: 2017-12-15 07:13:38
Canadian

[uwish]

Fucken NDP...

[DrCaleb]

Must be tough to have to pay the same taxes and wages as the rest of Canada.

[uwish]

it is, thats why our province is now a have not...

[DrCaleb]

uwish uwish:

it is, thats why our province is now a have not...

Have not? Deficit is narrowing, economy is growing, employment is up so much employers are having trouble finding people - how is that 'have not'?

[uwish]

keep asking yourself that...keep asking

[DrCaleb]

uwish uwish:

keep asking yourself that...keep asking

I'm actually asking you to back up your statement.

[uwish]

Unlike you, I don't live in a bubble, Tax rates up by 8% on average, property tax up by ? who knows, some are low some are >100%. Vacancy rates still at record highs sure they have dropped to oooo 27%!, property values are dropping (could be another discussion, as they are sort of detached from many leading indicators).

The Alberta debt hits $33.3 Billion and is growing, but so glad your happy it isn't growing AS FAST as it was. So I guess things are rosy in Caleb land..

[Sunnyways]

uwish uwish:

Unlike you, I don't live in a bubble, Tax rates up by 8% on average, property tax up by ? who knows, some are low some are >100%. Vacancy rates still at record highs sure they have dropped to oooo 27%!, property values are dropping (could be another discussion, as they are sort of detached from many leading indicators).

The Alberta debt hits $33.3 Billion and is growing, but so glad your happy it isn't growing AS FAST as it was. So I guess things are rosy in Caleb land..

Resources are a cyclical business. Alberta should have built up a massive surplus in the good times to prepare for this inevitable day.

[Thanos]

Hard to build up a decent surplus when the revenue for it kept being taken away as federal transfers to the other provinces, especially to Quebec.

[Sunnyways]

Thanos Thanos:

Hard to build up a decent surplus when the revenue for it kept being taken away as federal transfers to the other provinces, especially to Quebec.

Too much was transferred but higher taxes and lower spending would have been prudent in the good times. The Tories can’t dodge blame for that.

[herbie]

Sales tax.
And soon you'll get less than half of what other provinces rake in from cannabis....

[Thanos]

Sunnyways Sunnyways:

Thanos Thanos:

Hard to build up a decent surplus when the revenue for it kept being taken away as federal transfers to the other provinces, especially to Quebec.

Too much was transferred but higher taxes and lower spending would have been prudent in the good times. The Tories can’t dodge blame for that.

No political party can dodge what they've done. I'll contend though that Alberta wasn't particularly poorly run when compared to the other provinces, especially Ontario over the last fifteen years. The Debt-Clock websites say it all when it comes to that particular nuclear-grade disaster in the making.

http://www.debtclock.ca/

[Sunnyways]

Thanos Thanos:

Sunnyways Sunnyways:

Thanos Thanos:

Hard to build up a decent surplus when the revenue for it kept being taken away as federal transfers to the other provinces, especially to Quebec.

Too much was transferred but higher taxes and lower spending would have been prudent in the good times. The Tories can’t dodge blame for that.

No political party can dodge what they've done. I'll contend though that Alberta wasn't particularly poorly run when compared to the other provinces, especially Ontario over the last fifteen years. The Debt-Clock websites say it all when it comes to that particular nuclear-grade disaster in the making.

http://www.debtclock.ca/

I’m not defending Ontario but Alberta did blow through a massive windfall. Let’s aspire to a higher standard than any Canadian province. When it came to managing money, can do Albertans should have been paying more attention to how those socialists in Norway ended up free of retirement worries.

[Thanos]

The situation isn't comparable in the slightest. All the oil revenue in Norway goes to the Norwegian federal government; being offshore it's controlled by the national state, not a province or sub-state. It's not a case in Norway where a provincial state ends up losing between two-thirds and three-quarters of it's resource revenue to confiscation by the federal government, the way it happens every year with oil & gas producing provinces in Canada.

As for not saving as much as should have been that's always easier said than done. One, the province is obligated to use that revenue to provide and maintain infrastructure, education, health services, and a thousand other responsibilities. Two, the provincial revenue take gets hammered at least once a decade by a major recession and during those recessions Alberta doesn't receive any kind of waiver from it's forced contribution to Ottawa; the feds come and take what they want regardless of the economic conditions going on inside the province.

If someone could please provide me with an example of any other province in this country "saving like they should" with their own revenue. Judging by the size of the Ontario and Quebec debt & deficits neither of those provinces has saved a penny since Confederation. Don't see why Alberta continually gets this sort of smear placed against us when it's easily arguable that every other province in this country, going by their debts and deficits alone, has been run much worse than we have.