Alberta government introduces bill raising income taxes for higher earners

Thu Jun 18, 2015 6:52pm EDT
 
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CALGARY, Alberta (Reuters) - Alberta's Minister of Finance Joe Ceci introduced a bill increasing progressive tax rates for higher income earners in the Canadian oil-producing province on Thursday, under which those earning more than C$300,000 a year would pay 15 percent.

If passed, the bill will also increase corporate taxes to 12 percent from 10 percent, but keep Alberta's small business rate unchanged at 3 percent.

(Reporting by Nia Williams; Editing by Chris Reese)

 
Joe Ceci, Alberta's Minister of Finance and member of the New Democratic Party (NDP), signs as a member of the executive council during the official swearing-in ceremony in Edmonton, Alberta, Canada May 24, 2015. REUTERS/Topher Seguin