Personal finance: C.D. Howe report urges Alberta adopt 3% sales tax

EDMONTON – A report by the C.D. Howe Institute this month has resurrected the debate about how people should be taxed – based on their net worth, including property owned such as real estate, based on income, based on consumption, or a combination of the above? Colin Busby and Alexandre Laurin with C.D. Howe suggest Alberta adopt “the eight per cent solution” by reducing the provincial income tax single rate from 10 to eight per cent, while introducing an eight-percent Harmonized Sales Tax – the five-per-cent federal Goods and Services Tax plus a new, three-per-cent provincial sales tax.

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