Lower corporate tax rates are proven to increase wealth and income inequality. In Alberta, the reduction of corporate tax rates below the national average has exacerbated disparities, concentrating wealth among the few and leaving many struggle to keep up with rising costs and stagnant wages.

Restoring Alberta's corporate tax rate to align with the national average is not just a policy adjustment; it is a step towards economic fairness. Currently, Alberta's corporate tax rate is set at 8%, significantly lower than the Canadian average of approximately 15% (source: Government of Canada, 2023). This stark disparity encourages profit hoarding by large corporations at the expense of public goods and services that benefit all Albertans.

Reverting to the national average can generate essential revenue needed to support crucial social services such as healthcare, education, and infrastructure. These are the lifelines that allow Albertans to thrive, and they need sustainable funding, which a fair corporate tax rate can provide.

Moreover, bringing the tax rate back to the national average will help level the playing field for small and medium-sized businesses in Alberta, who often compete against larger entities that can better afford lower tax rates. In doing so, it can stimulate a more equitable economic environment and foster job creation.

We call upon the Alberta government to prioritize fairness and demonstrate a commitment to its citizens by raising the corporate tax rate back to the national average. A fairer tax rate means a fairer distribution of wealth, helping to bridge the gap between rich and poor, and ensuring that all Albertans have the opportunity to succeed.

Join us in urging the government to take this crucial step toward economic equity. Sign this petition to support a fair and balanced corporate tax policy for the benefit of all Albertans.