Actually, because it is so much lower than all of the other provinces in terms of taxes and government revenue, Alberta could substantially increase taxes and still be among the lowest in the country. For example, if it simply adopted the tax structure of the next-lowest province, Alberta would receive an increase of $11.2 billion in revenue, and still be the lowest taxed province in the country.

Low taxes were long touted as “The Alberta Advantage.” It is now clear that they have become “The Alberta Disadvantage,” and moving to the levels of taxation of other provinces will be essential to our future economic well-being.