Legal Issues

Alberta NDP Premier Rachel Notley’s tax plan, which would make new personal tax brackets and raise corporate rates, won’t be enough to balance the budget, reports Maclean’s.

Read: Will Saskatchewan benefit from Alberta NDP victory?

The province’s projected deficit for 2015- 2016 is an estimated $5 billion. The NDP say they’ll use the tax increases to finance more spending and balance the budget by 2018-2019. Author Kevin Milligan crunches the numbers to explain what this means for Albertans’ taxes.

Read more here.

Also read:

How millennials will spend tax refunds

Essential tax numbers for 2015: updated

Originally published on Advisor.ca

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